- Mar 8, 2002
- Reaction score
As someone who is new to this, and who came in with close to zero knowledge, but who does know forum space well, and has a friend and colleague who is into watches, I can say, first hand, that it's not easy, without some guidance to even get started. How do you find out who is a trusted dealer? Is there anyone in Fargo, or Moscow ID, who even knows where to started.Definitely an interesting story. The main issue seems to be he didn't know what it was worth. However, he was the original owner, he knew it was a Rolex, and that it was a nice watch, in fact it was so nice that he was afraid to wear it. Back when he bought it, $400 was a lot of money for a watch. In 1970 a GMT Master was $250 in steel and $500 in 18Kt gold (long before gold prices shot way up in the late 70's).
Today, it is so easy for people to go online to a forum, auction site, or a respected dealer and get an estimated value for an item. It happens all the time on dedicated watch forums...although sometimes it is someone who thinks they got a deal and they are trying to determine if a watch is real or not and what the value is. Someone posted on TZ within the last few weeks that their husband/fiance was gifted a limited Edition RO Offshore, and they wanted to know how much it was worth because they need a down payment for a house. It was a fake...looked something like an AP ROO with a carbon case...but the workmanship wasn't there and it said quartz on the case back. There aren't any quartz Offshores.
Here is another story about a Daytona...she found it in a sofa she bought in a thrift store...found out it's worth 250K.
A woman says she found a rare $250,000 Rolex wedged in the cushions of a thrift-store couch she'd bought for $25The founder and CEO of the luxury-watch reseller Bob’s Watches recounted getting a call from a woman who found a pricey Rolex in her couch.www.businessinsider.com
What do I search for when I don't know what I have, and have no one that I trust to help me navigate.
I think that maybe it was you who started me on figuring out what I had in my Daytona. Honestly, before that, I would have had zero clue how to start. And I'm a nerd, and a forum nerd at that. Do you think that some random, non-internet savvy guy in Fargo has any reasonable shot at having their watch priced properly. He would have sat on it forever, or maybe sold it at a huuuuuuuuge loss, had he not lucked onto that show. Yes, he thought that he had an expensive watch, but $400-500K is unfathomable to most people. You've been in this forever, so I think that it may be hard for you to put yourself in the place of someone like that, or even like me, a few years ago.
I mean, look at some of the newbie questions not here on this thread, but on Styleforum in general.