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Old 29 July 2008, 11:34 AM   #70
Parachrom
"TRF" Member
 
Join Date: Jul 2008
Location: canada
Posts: 721
Rolex watches onl;y seem to increase in value during the appraisal for isurance purpose. Insurance compnaies dontlike to write checks for such high end watches, so they call up a AD and place an order and they get it for a fraction. As an example. my 1976 SD was appraised in 1990 at 6500 for insurance purpose. The bracelet broke, i lost the watch, made a claim. They called a AD bought it sent them a cheque and I went to pick it up. In my brand new SD box was the bill 2200 dollars Cdn. far cry from the appraised value
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