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Old 24 April 2013, 04:33 AM   #1
accce
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$100,000 COMEX Submariner

What makes these watches worth so much?

http://www.ebay.com/itm/ROLEX-VINTAG...-/200898221601
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Old 24 April 2013, 04:52 AM   #2
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Rarity.

This one looks like it's either unbuffed or buffed properly.

Personally, I'd take that 5517 on Eprey over 100 of these.
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Old 24 April 2013, 04:59 AM   #3
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To a certain degree, comparative rarity.

To a greater degree, desirability to those with this sort of money to spend.

Comex are an attractive brand. Domino Pizza, not so much.

I'd imagine an Explorer II branded by Rolex for Red Adair Service and Marine Co and numbered issued to his firefighter staff would also have been worth 25 times the price of a standard watch to collectors.

No such watch, though.
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Old 24 April 2013, 04:59 AM   #4
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I love how they want 100K yet still insist on charging $50 for shipping.
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Old 24 April 2013, 05:00 AM   #5
kngzfrd
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I love that you still have to pay shipping for it!
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Old 24 April 2013, 05:14 AM   #6
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They have a $750,000 Patek for sale on their ebay site but still insist the $50 shipping....that seems very odd.
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Old 24 April 2013, 05:19 AM   #7
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Robert Maron is one of the most highly respected and reputable dealers in the country. Some of the stuff they have is exceptional
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Old 24 April 2013, 05:42 AM   #8
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Bob is pretty soft on his pricing. But that seems like a lot for a Comex - even with that much providence.
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Old 24 April 2013, 06:03 AM   #9
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Lunacy. These weren't even great watches and a coleague of mine once traded his issued COMEX for an SD and $2,500. He hated that it didn't run very well and was constantly needing serviced.

This one didn't sell at $64k and has a better package with it: http://www.ebay.com/itm/ROLEX-COMEX-...p2047675.l2557

I don't understand anyone not connected with the diving industry wanting one, tbh.
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Old 24 April 2013, 06:22 AM   #10
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Dont get this comex thing, seriously that does not make it anywhere near historic enough to command these prices

Rare? This company has three for sale! Ok two are sd's but still

http://www.watchcentre.com/catalogue/comex-watches/109
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Old 24 April 2013, 06:29 AM   #11
Grey.Coupe
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Takes different horses to make a race...folks are in pursuit of something rare, and this is as good as anything else, albeit not IMHO rare enough to command these prices.

As my Father used to say, "Never interrupt a man determined to shoot himself in the foot."
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Old 24 April 2013, 06:47 AM   #12
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the milsubs, i understand. but, yeah, the comex thing... i dunno.
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Old 24 April 2013, 08:37 AM   #13
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I wonder why he is still so respected when every one of his big crown watches have obvious redials, a couple of which are made to look extremely rare (red writing) but are just redials of dials that don't exist..

http://www.rolexforums.com/showthread.php?t=290413
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Old 24 April 2013, 09:28 AM   #14
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That is one expensive Sub!
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Old 24 April 2013, 04:53 PM   #15
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Quote:
Originally Posted by perpetualman88 View Post
Robert Maron is one of the most highly respected and reputable dealers in the country. Some of the stuff they have is exceptional
Well: I have heard other opinions on that one.
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Old 24 April 2013, 05:24 PM   #16
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There's demand, and there's the supply.
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Old 25 April 2013, 05:23 AM   #17
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Well: I have heard other opinions on that one.
You did . . .

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Old 25 April 2013, 06:00 AM   #18
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Comex sub are rare in good conditions with original paper and box.

If it's the case it's more often ever 100K
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Old 25 April 2013, 08:42 AM   #19
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They have a $750,000 Patek for sale on their ebay site but still insist the $50 shipping....that seems very odd.
the shipping charge is a deal breaker for me
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Old 25 April 2013, 11:42 AM   #20
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Much like my experience from my first foray into the equity markets...I found you have to have buyers willing to pay your asking price to enable you to realize a profit.......Don't see that here
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Old 25 April 2013, 09:58 PM   #21
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Comex sub are rare in good conditions with original paper and box.

If it's the case it's more often ever 100K
I honestly think those days are past. Some things are hyped out of the atmosphere and the COMEX was one of them. I worked with divers who used to get them issued from COMEX and then hawk them around Aberdeen and Stavanger for a few hundred $$$!!!
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Old 25 April 2013, 11:09 PM   #22
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yeah i have noticed some strange pieces for sale under his ebay account. i would not say he has a stellar reputation.
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Old 27 April 2013, 02:48 PM   #23
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yeah i have noticed some strange pieces for sale under his ebay account. i would not say he has a stellar reputation.
That's an understatement.....
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Old 27 April 2013, 04:23 PM   #24
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I've never understood why Comex are watches are so desirable. Same for some Panerai models from the mid-late 90s that were $1500 new with ETA movements, now selling for upwards of $40k. Don't get it.
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Old 27 April 2013, 05:04 PM   #25
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Even if I had that sort of money to burn, I'd feel pretty stupid buying that one (so I wouldn't), because, in my humble view, you're essentially paying about 80 grand over the odds to have a big, ugly, additional logo, which draws the eye and ruins the dial. And some interesting provenance, but... 100K? Whatever floats your boat... or sinks your sub.
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Old 27 April 2013, 05:46 PM   #26
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Stamp collectors. So called "watch collectors" who artificially create an unrealistic perception of a rarity. All the other stamp collectors say "Ooh & Aah" and perpetuate the myth. Then there are the gullible with more money than cents who try to justify the myth by thinking they have jumped on a money maker. Before you know it, the prices are astronomical.
My two cents & liver vented. To all the owners of COMEX Rolexes, well done.
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Old 27 April 2013, 11:27 PM   #27
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I never really understand the rap culture term 'haters ' until I see a thread like this.

I don't get thimble collectors , but then I don't need to , I just need to know its something that gives pleasure to those who do get it , and I wish them every happiness in it.

For all of you that are negative on the subject , please just take a minute to realise for each of those $10k watches you own , $100 is the true value of the watch .. $9900 is your perceived value of the branding , heritage .. Perception of that bit of metal that you have bought into and that brings you happiness ... Once you are honest enough to accept that principal you will realise its all relative and you should get Comex and the people who enjoy them or mils or pn , or big Patek or anything else ...

For those of you who think we are mugs ... What on earth do you think the Seiko collectors think of you ?
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Old 28 April 2013, 02:01 AM   #28
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bravo Jed !!

Comex is just Comex .. what else ??
LLLOOLLLLLLLLLLLLLLLLLL
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Old 28 April 2013, 03:26 AM   #29
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I don't really care what folks spend their money on really. I happen to like the Air King. It's my favorite Rolex model. A lot of people bash it for not being expensive enough or too small. Doesn't bother me.

If folks want to spend $100k on a Submariner, fine by me. Not my money.
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Old 28 April 2013, 04:57 AM   #30
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Quote:
Originally Posted by jedly1 View Post
I never really understand the rap culture term 'haters ' until I see a thread like this.

I don't get thimble collectors , but then I don't need to , I just need to know its something that gives pleasure to those who do get it , and I wish them every happiness in it.

For all of you that are negative on the subject , please just take a minute to realise for each of those $10k watches you own , $100 is the true value of the watch .. $9900 is your perceived value of the branding , heritage .. Perception of that bit of metal that you have bought into and that brings you happiness ... Once you are honest enough to accept that principal you will realise its all relative and you should get Comex and the people who enjoy them or mils or pn , or big Patek or anything else ...

For those of you who think we are mugs ... What on earth do you think the Seiko collectors think of you ?
Chill dude! People just expressing their views here. I don't think anyone is 'hating' - I'm certainly not, which is why I said each to their own. You make a valid point re the 'actual' vs 'perceived' value, and that applies to anything, from a can of soup to a pair of Levi's, or a diamond (lump of old carbon, cut to look pretty) I guess for me it's just about drawing a line, and I know the old watches (or even new ones) I've bought are not really 'worth' the current market value in inherent or intrinsic terms. Also, applying your rationale/formula, then a steel watch actually worth $100, but priced to sell at $100,000 comes with a $99,900 COMEX logo! That really is investing in a brand and heritage
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