- Mar 8, 2002
- Reaction score
I know nothing about this watch, and believe you. I;ve also seen some not terrific condition early Daytonas in cases for ridicukous sum. My only point was that sometimes things go for much, much less in Japan than in other places. In my short time here so far, I've found that the same watch (I've been looking mostly at Omegas, IWCs, and Rolexes of various types from the 60s-70s, mostly), that the highest prices are in the UK (for the same model, same stated condition) about the same in the EU and North America, and considerably cheaper (for IWCs, often a factor of 2-3) in Japan. I saw a yellow gold IWC from the early 60s, full set, mint condition, sell at a Japanese retailer for $2.5K. Then, and maybe I am just seeing things, but I saw the same watch, with the same paperwork, on sale, a few months later, on Chrono24 for over 2x the price, from an EU retailer. So, I guess that there is some arbitrage that some dealers do take advantage of.If you guys think its authentic, not stolen, not a redial (which would in the Rolex would crush its value) etc, and that it will only go for $5K ...ok. I guess I'm just rather surprised that it would be selling for so little in Japan. I tend to think of Japanese (not trying to stereotype) as rather serious collectors in the world of collectible watches. This is a significant watch. Its not the same as say a Datejust of which litterally millions have been produced. DJs are nice watches, but asking prices are all over the place, and are generally just based on age and condition. There really isn't anything drastic in the collector world that bumps a specific model up above all other DJs. While a Double Red Sea-Dweller is worth far more than a modern or recent 5 digit Sea-Dweller as it is historically significant to the Rolex world as it was the original Sea-Dweller, and their first production watch with a helium escape valve. It was also only produced for a few years as a "Double Red" where it says both Sea-Dweller and Submariner on the dial in red. Rolex eventually dropped the name Submariner from its dial and it simply became the Sea-Dweller and it said it in white. Furthermore, I would think that someone there would say, why not buy this watch, take a trip to Europe or the US and sell it for a huge amount more than one paid for it?
Anyway, it would be interesting to see what it eventually sells for...although I guess we won't know it sold for someone to keep or someone to bring to Europe/US to flip for a lot of $$$$.
Again, I don[t know that much about watches, but certainly, this is the way that vintage works. And part of the value that the reseller provides is peace of mind. But there are people who go through estate sales in the US, picking up what seems to the owners to be "pretty decent" vintage clothing, that has some obscure historical value to a niche group (which is basically collectors of anything, really) and selling them for many multiples of what they picked them up for.
Re. watches on Japanese sites - I doubt that most westerners could properly search those sites, or go in person to Tokyo or Osaka. The language barrier is significant, just for starters.