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The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...) - Page 2723  

post #40831 of 48312
Do you mean any second hand sale between individuals is VAT free. I would expect any dealer turning over a reasonable sum to be paying VAT,

Auction sales which are between individuals charge VAT on the auctioneers commission.
post #40832 of 48312
Quote:
Originally Posted by skeen7908 View Post

http://www.reddit.com/r/personalfinance/comments/2va35a/from_living_in_my_car_to_a_ton_of_money/


Guy finds 4 watches at an estate auction, uses his meagre life savings to buy them.
Includes 2 Paul Newman daytonas


So I guess im technically homeless becase I have been living in my car for the last month, but I just cant afford a place to stay while Ive been saving up for the deposit on a new apt. I have been very into vintage watches for many years. Never really had enough money for something nice. I saw some eatate sale signs the other day and thought Id check it out for fun. I discovered that there were a bunch of really old beat up Rolex watches there. I recognized that they were pretty valuable. I know it wasnt the smartest thing of me, but I took the 3500 I had saved for my new apt and bought the 4 watches. I took them too a really awesome local vintage watch buyer/seller in my area to see what I could sell them for. Two of the watches are what are known as paul newman daytobas. I knew when I had first bought them that they were very valuable, but it turns out that one of them is worth around 350k and the other one usually sells for around a million at auction.

That LeCoultre Deep Sea Alarm find in Goodwill makes for a better story.
post #40833 of 48312
Quote:
Originally Posted by aleksandr View Post


That LeCoultre Deep Sea Alarm find in Goodwill makes for a better story.

 

Yea, that guy paid a total of 6 bucks for his find. What a champion.

post #40834 of 48312
Quote:
Originally Posted by Dino944 View Post

With some watches I'd probably be willing to use a trusted watch maker, others I wouldn't let anyone other than a factory service center touch the watch.  

Thanks for the help. I will probably guide him towards taking the watch to Central when he is in NYC next.
post #40835 of 48312
Quote:
Originally Posted by Superfluous View Post


I'm pretty careful and I doubt it breaks that easily. Wouldn't they have revised it by now?

Take a look at one in person, there is not much metal connecting the lug and the case.  Maybe it rarely happens, but it does and can happen if you are the unfortunate wearer who makes accidental contact against a hard surface at the right angle.  

 

IIRC, at least years ago it was one of there least expensive Calatravas, and there appears to be less gold used on it than some other similarly priced or slightly more expensive Calatravas. So possibly its price makes it easy for them to move, and less gold gives them a better profit margin. Besides, its an easy fix, it just gets soldered back on, so why would they care or bother to spend money revising it (considering its an old design that has more than paid for itself over the years).  I'm very careful with my watches, but I see little reason to purchase a watch in that price range with such dainty construction...to me it cheapens its appeal and its appearance.  However, if you are very careful and this is the design that truly calls to you go for it.  

post #40836 of 48312
I don't think I could stomach going around with a watch with a lug I knew was soldered back on.
post #40837 of 48312
Quote:
Originally Posted by Dino944 View Post
 

Take a look at one in person, there is not much metal connecting the lug and the case.  Maybe it rarely happens, but it does and can happen if you are the unfortunate wearer who makes accidental contact against a hard surface at the right angle.  

 

IIRC, at least years ago it was one of there least expensive Calatravas, and there appears to be less gold used on it than some other similarly priced or slightly more expensive Calatravas. So possibly its price makes it easy for them to move, and less gold gives them a better profit margin. Besides, its an easy fix, it just gets soldered back on, so why would they care or bother to spend money revising it (considering its an old design that has more than paid for itself over the years).  I'm very careful with my watches, but I see little reason to purchase a watch in that price range with such dainty construction...to me it cheapens its appeal and its appearance.  However, if you are very careful and this is the design that truly calls to you go for it.  

 

I agree with you Dino but to the OP, take a step back for a minute. For that kind of money one shouldn't have to worry about the lugs breaking... If almost any other company made such a watch it would have been universally denounced.  Don't let the name on the dial overcome common sense.

post #40838 of 48312
Quote:
Originally Posted by aleksandr View Post

I don't think I could stomach going around with a watch with a lug I knew was soldered back on.

+1  it would ruin the experience for me.  

post #40839 of 48312
Quote:
Originally Posted by skeen7908 View Post

http://www.reddit.com/r/personalfinance/comments/2va35a/from_living_in_my_car_to_a_ton_of_money/


Guy finds 4 watches at an estate auction, uses his meagre life savings to buy them.
Includes 2 Paul Newman daytonas


So I guess im technically homeless becase I have been living in my car for the last month, but I just cant afford a place to stay while Ive been saving up for the deposit on a new apt. I have been very into vintage watches for many years. Never really had enough money for something nice. I saw some eatate sale signs the other day and thought Id check it out for fun. I discovered that there were a bunch of really old beat up Rolex watches there. I recognized that they were pretty valuable. I know it wasnt the smartest thing of me, but I took the 3500 I had saved for my new apt and bought the 4 watches. I took them too a really awesome local vintage watch buyer/seller in my area to see what I could sell them for. Two of the watches are what are known as paul newman daytobas. I knew when I had first bought them that they were very valuable, but it turns out that one of them is worth around 350k and the other one usually sells for around a million at auction.

 

I saw this story.  I realize things like this could happen but parts of the story just seem off.  

post #40840 of 48312
today...


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post #40841 of 48312
Photo: excellent as always.
post #40842 of 48312
Quote:
Originally Posted by aleksandr View Post

That LeCoultre Deep Sea Alarm find in Goodwill makes for a better story.

I would accept either experience into my life.
Quote:
Originally Posted by Dino944 View Post

+1  it would ruin the experience for me.  

Yep.
Quote:
Originally Posted by jbarwick View Post

I saw this story.  I realize things like this could happen but parts of the story just seem off.

Such as? I have heard lots of stories like this, with various types of collectibles. Furniture, books, coins, stamps, art... What is off about this one to you?
post #40843 of 48312
Quote:
Originally Posted by in stitches View Post

Warning: Spoiler! (Click to show)
Quote:
Originally Posted by aleksandr View Post

That LeCoultre Deep Sea Alarm find in Goodwill makes for a better story.

I would accept either experience into my life.
Quote:
Originally Posted by Dino944 View Post

+1  it would ruin the experience for me.  

Yep.
Quote:
Originally Posted by jbarwick View Post

I saw this story.  I realize things like this could happen but parts of the story just seem off.

Such as? I have heard lots of stories like this, with various types of collectibles. Furniture, books, coins, stamps, art... What is off about this one to you?

The part where it's on reddit.
post #40844 of 48312
Quote:
Originally Posted by in stitches View Post

I would accept either experience into my life.
Yep.
Such as? I have heard lots of stories like this, with various types of collectibles. Furniture, books, coins, stamps, art... What is off about this one to you?

Upon further reflection, if I were to stumble upon the PP at Goodwill or at an estate sale I feel that I could consider adding it to my rotation.
post #40845 of 48312
Quick straw poll.

Yellow gold in watches:

1.Never
2. Will consider two tone
3. Okay if it's done tastefully
4. BRING ON THE BLING

Ever since I've gotten into nice watches it's been option 1 but recently I feel drawn to a few models. Not quite at option 4 yet but options 2 and 3 are definitely possible.
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