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RJman

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Watch appraisal question: what's the best way to get a Rolex Submariner appraised? I asked at a few stores that carry Rolex here in DC but they don't do appraisals. Online is a bit confusing. I think there is an effort out there to make it as hard as possible likely to the benefit of retailers.

I bought my Sub in 2000 and it's likely worth 2-3x what I paid for it. Need appraisal to increase my insurance so I can replace it if stolen.

Anyway, assistance appreciated! There must some reliable appraisers in NYC?
Boone & Sons on Conn Ave does jewelry appraisals; maybe they can do a Rolex appraisal - although I don't know how specialized their knowledge would be.
 

smittycl

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I've bought jewelry from them before but never thought to ask about Rolex as they don't carry high-end watches. I'll ask next time I go by!
 

Dino944

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I've bought jewelry from them before but never thought to ask about Rolex as they don't carry high-end watches. I'll ask next time I go by!
I don't know about the place @RJman mentioned, however if you are in NYC, try Aaron Faber. They deal with a lot of vintage and current pre-owned Rolex watches. I haven't purchased anything there, but when I visited they were friendly and had a very nice shop. Their website mentions appraisals as one of the services they offer. No idea what they charge. I've seen places charge anywhere from $75-150 for an appraisal in Boston and some places reduce the price if you have 2 or more watches appraised. Not sure what the going rate is in NYC.
 

smittycl

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I don't know about the place @RJman mentioned, however if you are in NYC, try Aaron Faber. They deal with a lot of vintage and current pre-owned Rolex watches. I haven't purchased anything there, but when I visited they were friendly and had a very nice shop. Their website mentions appraisals as one of the services they offer. No idea what they charge. I've seen places charge anywhere from $75-150 for an appraisal in Boston and some places reduce the price if you have 2 or more watches appraised. Not sure what the going rate is in NYC.
Thanks! I'll be in in NYC soon and will look them up. Hopefully they can appraise same day.

EDIT: just looked at their website and will send them an email. Looks promising.
 

Ambulance Chaser

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According to their Yelp review site, Andante Fine Jewelry in Georgetown does appraisals. It's a nice store with a large collection of pre-owned Rolexes. Last time I went to visit they were closed for renovations, so call before you go. I hope they haven't closed for good!

 

smittycl

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According to their Yelp review site, Andante Fine Jewelry in Georgetown does appraisals. It's a nice store with a large collection of pre-owned Rolexes. Last time I went to visit they were closed for renovations, so call before you go. I hope they haven't closed for good!

Listed as "Permanently Closed" on Google Maps..
 

bdavro23

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Sounds like a racket to me but not sure what else to do for a proper appraisal!
My home base jewelry store, with whom I have done a reasonable amount of business, provides insurance appraisals to me free of charge. I would be happy to pay for the service, though $150 for a single piece seems extortionate even for NYC.
 

smittycl

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aren't rolex references etc pretty well indexed these days?
I think they are. A quick visual inspection for general condition, pop off the caseback to inspect the movement and that should be enough. It's never even been opened since I bought it. Running rather well without the recommended (and pricey) every 5 year maintenance inspection. It's a SS Submariner Date Model 16610, not like it's rare.

Insurance company wants a formal appraisal, though. I guess $150 would not be a deal breaker.
 

Dino944

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I think they are. A quick visual inspection for general condition, pop off the caseback to inspect the movement and that should be enough. It's never even been opened since I bought it. Running rather well without the recommended (and pricey) every 5 year maintenance inspection. It's a SS Submariner Date Model 16610, not like it's rare.

Insurance company wants a formal appraisal, though. I guess $150 would not be a deal breaker.
Places I've purchased from before having given me appraisal for free, as long as the watch was purchased through them. The watches I've purchased at ADs that no longer exist, I've had to pay for appraisals from other watch shops. One place near me charges $150 for one, and they need to keep the watch to look at it and won't do it on the spot. Another place only charges $75, and they will do it when you bring the watch in. They second place is just as respected, and I don't like leaving a watch with anyone, so I went with them.

Its not about whether the watch is rare or not. Most insurance companies will only increase the insurance on a watch or other older item with a written appraisal saying its actually worth X amount today. Insurance adjusters generally are not experts in these watches. Sure they can look on the internet and find a bunch of watches, but they generally have no idea why one watch is at the low end and another is more valuable.
 

smittycl

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Sure they can look on the internet and find a bunch of watches, but they generally have no idea why one watch is at the low end and another is more valuable.
Just need a nice looking one-pager that says this Rolex is worth $6K or something like that. I'll dig into NYC options and contact them before I show up. I also do not want to leave my watch with anyone, especially when travelling.
 

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