Any Rolex Watch Experts?

[Robotstar5]

I agree, hang on to it, you wont loose money....they appreciate.

That's right, I paid about £1100 for mine in the 80's and last time I had it serviced I asked for an insurance valuation - £4500!!

 

[Pete.]

That's right, I paid about £1100 for mine in the 80's and last time I had it serviced I asked for an insurance valuation - £4500!!

It HAS appreciated but only to the tune of about £425 or £12-odd a year (in 1985 money). Seems like a lot more but £1100 in 1985 is £3250 now.

 

[addjunkie]

The second had sale price with no box and papers also no recent service will be down a fair bit, if selling to a dealer, who will have to get it serviced and cleaned, then offer a short warrenty.

 

[cumbriasteve]

Or, you could get hit by a bus next week.

If you're thinking of keeping it as an heirloom/inheritance then fine, or if you'd like to have it in reserve - but otherwise it's just dead money...

Yes I have thought more and putting it away does not make a lot of sense, wife has no interest in it and says she is happy with the watch she has so it is probably going to go, I am thinking an auction later in the year...a perfect Xmas present for someone perhaps.

The second had sale price with no box and papers also no recent service will be down a fair bit, if selling to a dealer, who will have to get it serviced and cleaned, then offer a short warrenty.

The auctioneer did point this out and said I will probably get more than a dealer would offer because they would deduct the cost of a service and the price of the warranty they would have to provide, in an auction people often bid with their hearts and not their heads and the last two of the same type had went for good money, he then said put a reserve on at the low estimate but he would be amazed if it did not exceed it, even the low estimate is a fair amount and more than I expected them to say.

 

[angellonewolf]

sell it if not used a bird in the hand is worth .....

we can all keep somethhing because its worth more when there are less around

 

[armalites]

It HAS appreciated but only to the tune of about £425 or £12-odd a year (in 1985 money). Seems like a lot more but £1100 in 1985 is £3250 now.

This is true but the reality is if you had kept the £1100 from 1985 in the drawer at home it would still be £1100.

 

[Pete.]

This is true but the reality is if you had kept the £1100 from 1985 in the drawer at home it would still be £1100.

If you kept £1100 from 1985 it wouldn't even be legal tender

 

[Shox Dr]

If you kept £1100 from 1985 it wouldn't even be legal tender

If it was notes, then it would atill be worth £1100. A bank note is a promise to 'pay the bearer' the face valve. Just because they are not in current use does not have a bearing

 

[Pete.]

Yeah I know it was tongue in cheek. Not really relevant since we were discussing the appreciation in value of an item not depreciation of any currency. I was just pointing out that the apparent large jump in value of the watch wasn't so large when you consider inflation and what you could buy with the money now.

 

[addjunkie]

Actually with the weaker pound due to briexit etc, the used value of things like Rolexs should increase, as the local cost of a new one has gone up by roughtly 20%. Therefore used demand will rise, therefore used prices should follow.

 

[Shox Dr]

Yeah I know it was tongue in cheek. Not really relevant since we were discussing the appreciation in value of an item not depreciation of any currency. I was just pointing out that the apparent large jump in value of the watch wasn't so large when you consider inflation and what you could buy with the money now.

Sorry. And yes I totally agree, not to mention the cost of service, and individual insurance premiums. At least its worth more than the 28quids worth of premium bonds I've had for 50yrs

 

[Pete.]

Actually with the weaker pound due to briexit etc, the used value of things like Rolexs should increase, as the local cost of a new one has gone up by roughtly 20%. Therefore used demand will rise, therefore used prices should follow.

That's a very good point. A lot of the (very expensive) kit we use at work comes from Europe and I expect the costs are going to skyrocket pretty soon.

 

[colnerov]

Phone/email them, ask to check if you've won anything.

This usually means they pull them out to look, and then they're nearer the top of the stack to get picked for winning next month

You wish.

 

[Shox Dr]

I have absolute irrefutable proof of the highest order.

The wife has about £50 in bonds, and the two times she's won (a tenner or something each time) it's been immediately following a checkup call

Well get her to ask for me. Where ever they are kept, there is areply to a letter I sent them when I first found out about them (16ish) I'd asked if they had fallen down the back [of earnie] they wrote saying they regularly sweep behind and check... 36yrs later I'm not so sure