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Post by philsinclair on Oct 9, 2017 14:48:49 GMT -8
Hi. I have a number of vintage Rolex and have done for over 20 years. Mine have appreciated at around 15%pa. Cheers Phil
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Adrian-VTA
Global Moderator
Adelaide, South Australia
Posts: 5,327 
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Post by Adrian-VTA on Oct 9, 2017 15:18:31 GMT -8
Rolex is different to the other brands. They are pretty much always worth fixing. Investment wise, they will outperform stocks/shares and housing. If you are going to sell the watch, I don't think you will get your money back from having it serviced, unless it's not running at the moment, or unless the vintage Rolex market is somehow different from other brands. |
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Post by bklake on Oct 10, 2017 3:58:43 GMT -8
Thanks for all the help. The guy that told me it was only worth the gold is a known vulture, only looking for the quick flip. I know enough about Rolex to know that is not true.
My next stop is a pawn shop. I've known the owner for 25 years. He has always had a nice collection of Rolex in there, sadly no Seiko so I never spent much time at his watch counter. He will be straight with me. I'm reading the Rolex forum to gather as muck info as I can.
The is an insurance appraisal in the box putting the replacement cost at 15,800. My first thought when I saw that: I can buy every Seiko I ever wanted plus a spare and have money left over for a few Citizen and Orient divers.
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Post by bklake on Oct 10, 2017 4:01:29 GMT -8
The one piece of information I can't find. I recall reading somewhere that a true Rolex collector will want the watch as it is. No cleaning, no service. Just leave it alone. They will decide who and where it gets serviced. True or not true?
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pip
WS Benefactor
Berkshire, UK
Posts: 6,174
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Post by pip on Oct 10, 2017 4:46:31 GMT -8
The one piece of information I can't find. I recall reading somewhere that a true Rolex collector will want the watch as it is. No cleaning, no service. Just leave it alone. They will decide who and where it gets serviced. True or not true? Well I know that’s very true for vintage Omega Speedmasters so I guess the same will go for vintage Rolex. |
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HiBeat
Global Moderator
SEIKO Iko Iko GDTRWS
Posts: 8,658
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Post by HiBeat on Oct 10, 2017 5:36:37 GMT -8
The one piece of information I can't find. I recall reading somewhere that a true Rolex collector will want the watch as it is. No cleaning, no service. Just leave it alone. They will decide who and where it gets serviced. True or not true? When you pay for it to be "serviced" it can scare off some buyers, because they fear a hack got in there. Unless you ship it off to an official RSC (Rolex Service Center) and sell it with their paperwork, it's not going to make it any more attractive to a buyer. Solid 18K Gold Day-Dates are availabke all over the place and there are not that many guys who want one at a high-ish price from "a guy". Again, take your money out of this one by selling it to a used Rolex watch dealer who can take on the risk of a scammer buyer. If I had that exact watch I'd ask $8000 as-is knowing the deal is not reversible. If it was cobbled up by a hack in the past or even if he just plain used non-Rolex spare parts and you represent it as being "genuine" it could run away from you and get ugly quick. |
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small
WS Benefactor
Posts: 2,453
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Post by small on Oct 10, 2017 5:37:11 GMT -8
I think it depends on the "model" of any watch not the brand entirely. Then if there is some special meaning to the watch..was it owned by a famous person. The oyster case date just with a fluted bezel in and of itself I don't believe would bring more if original shape over being serviced. I'd bet that you would get your money invested back out, especially if it was done at an AD. I think a Rolex of any form will "hold" its value. As Rolex moves the goal post on new ones, used ones will surely follow. I just don't think I'd buy one as an investment tool. Most will never be worth more then you could buy one new... That's was the watch my father always lusted over when we were growing up in the 80's I'm guessing you saw this already but its here in case I'm not certain where they get their data points. Years ago someone was doing this for Olypmus Zuiko Lens sold on eBay... www.collectorsquare.com/en/watches/rolex/day-date/ref-rolex-18038/lpi |
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Post by earthphase on Oct 10, 2017 7:17:38 GMT -8
...from extensive experience, sell it unserviced to an honest used rolex dealer. i have a local gentleman here who would be happy to call you if you need a quote or to disucss.
You get fair value and the deal will be done.
You will maybe break even on the service cost, so why bother with the headache, shipping, etc???
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gibsg
Timekeeper
Posts: 110
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Post by gibsg on Oct 10, 2017 12:06:59 GMT -8
Rolex ... BLING BLING
No, thanks
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tritto
WS Benefactor
Posts: 5,869
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Post by tritto on Oct 10, 2017 14:10:31 GMT -8
From my previous reading, Rolex service can be a boon or a curse. If it's serviced by Rolex they will attempt to return it to near new condition. For vintage that can be a curse. Does the market for this particular model want something that wears its history and is all original or does it want something that looks like new? For a dress watch it may be the latter. If you're selling to collectors they may prefer to have it sorted themselves.
There is another benefit to Rolex service - the fact they have serviced it is effectively authentication - it's all genuine. Also, Rolex will check their database to make sure it hasn't been reported stolen. If you sell it with a Rolex service record it's both genuine and not stolen. That could be a valuable commodity.
A dealer won't value the Rolex service - they'll probably offer you the same either way.
If I were you I would join those Rolex forums and post some photos asking for advice. You'll get plenty and you might even get some offers.
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