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-   -   My First Rolex... acquired in the DEAL OF THE CENTURY! (https://www.rolexforums.com/showthread.php?t=376074)

Comacho 7 October 2014 03:05 PM

My First Rolex... acquired in the DEAL OF THE CENTURY!
 
4 Attachment(s)
Ok so this is the cliff notes version of how I acquired a watch I've coveted for 20 years and story I just have to share...I never dreamed of falling into a deal like this.

So I get a call from a good friend Friday night about 8 o'clock. After we exchange pleasantries he says to me "hey, how much do you know about Rolex's? I reply "well ironically, more than you're average person on the street". As it turns out he knows an old man ( as described to me) that has been selling off all kinds of stuff he doesn't need. Guns mostly but he has a "watch". I say go on... As he tries to describe the watch I can't believe what I'm hearing. I interrupt "if the next words out of your mouth are Submariner..." he says THAT'S IT! Ive been trying to remember and I kept thinking Sub-Auqa. I say on my way...

So at 9 o'clock in the evening I head out cash in hand. No clue of the asking price, whether or not its real, beat to hell, or a Genuine Folex purchased from a shady guy in a trench coat.

We finally hook up with the "old man" of no more that 60 yrs. old <-- (sounding younger and younger all the time, but I digress). He opens a rusty old truck, and takes out a canvas bag, He opens the canvas bag and takes out an outer box, he opens the outer box and takes out a watch box, he opens the watch box and takes out a watch...

then he proceeds to hand me me the box, warranty card, booklets, extra links, and the original receipt all for my inspection. It all matches up and his name (who my friend has know him by for a couple years I think) is on all the paperwork, Holy crap! it's a 16800 from about 1986 or so. I use my best poker face to not FREAK THE F**K OUT! I ask him calmly "so how much are you looking to get for it"?


















$900.00 dollars later I'm a happy happy man.

Comacho

Frogdog 7 October 2014 03:10 PM

Congrats! I would say you did well! 👍

shay2nak 7 October 2014 04:16 PM

wow, congrats.


too good to be true? :bluetongu

Rogdogg 7 October 2014 04:34 PM

Now you should send it out for a full service. If it comes back all well and good then you got yourself one great deal.

Passionata 7 October 2014 04:58 PM

Great deal ,congrats!

dysondiver 7 October 2014 05:03 PM

welcome to the forum ,, great start by the sounds of things.

padi56 7 October 2014 05:11 PM

Yes a good deal for you but a sad deal for the old guy who did not know the value of his watch.

MonBK 7 October 2014 05:13 PM

What model was the "rusty old truck"?

Old Expat Beast 7 October 2014 05:32 PM

No offence, but I'd tone it down if I'd just straight-faced an old guy out of a few grand.

Scoobs 7 October 2014 06:12 PM

I am not sure I could take advantage of someone like that, but that's just me. To each their own....

Vincent65 7 October 2014 06:49 PM

good for you

Andad 7 October 2014 06:54 PM

Unusual first post.

It's easy for a seller to value any item in this day and age.

You got a good deal I think.

crowncollection 7 October 2014 07:04 PM

Great stuff well done congrats

nickb732 7 October 2014 07:28 PM

Awesome! Congrats. $900, what a bargain!

Jason71 7 October 2014 07:40 PM

Quote:

Originally Posted by padi56 (Post 5313713)
Yes a good deal for you but a sad deal for the old guy who did not know the value of his watch.

Quote:

Originally Posted by Old Expat Beast (Post 5313734)
No offence, but I'd tone it down if I'd just straight-faced an old guy out of a few grand.

:read:

You could have at least offered him $2,500 for it. That would have given you some room for service and it would have still been well below market price. I personally don't like taking advantage of people.

joe100 7 October 2014 07:49 PM

Quote:

Originally Posted by padi56 (Post 5313713)
Yes a good deal for you but a sad deal for the old guy who did not know the value of his watch.

Yeah, I have to agree.

You wouldn't have wanted that to happen to you. I'm sure you could have worked out an amazing deal regardless but $900 feels like you might have taken advantage of the situation to a high degree

buenosdias 7 October 2014 08:48 PM

Quote:

Originally Posted by Jason71 (Post 5313826)
:read:

You could have at least offered him $2,500 for it. That would have given you some room for service and it would have still been well below market price. I personally don't like taking advantage of people.

100% agree, Jason:thumbsup:

brandrea 7 October 2014 08:59 PM

Welcome to TRF.
I have a GMTC for sale ........ But I'm looking to get more than $900:chuckle:

jollerbarn 7 October 2014 09:03 PM

Quote:

Originally Posted by jason71 (Post 5313826)
:read:

You could have at least offered him $2,500 for it. That would have given you some room for service and it would have still been well below market price. I personally don't like taking advantage of people.

+1

jmiicustomz 7 October 2014 09:11 PM

Since we are talking deal of the century, I will with some reluctance pay you a grand for it. You will have made a quick bill and will also find out what its like to be taken advantage of and then I can post a thread to a similar extent and get bashed too. Everyone wins!

Sent from my C771 using Tapatalk 2

HERITAGE82 7 October 2014 09:17 PM

I think you did fantastic and would have done the same thing!.... The whole "moral" aspect of this thread is silly. Considering nobody cared or made judgements on the "garage sale find" guy who paid $40 for a Rolex.

When someone is selling something and tells me a price there is no way I am going to say "NO NO This item is worth much more let me educate you" :twit:

joe100 7 October 2014 09:28 PM

Quote:

Originally Posted by QCASANOVA (Post 5313958)
I think you did fantastic and would have done the same thing!.... The whole "moral" aspect of this thread is silly. Considering nobody cared or made judgements on the "garage sale find" guy who paid $40 for a Rolex.

When someone is selling something and tells me a price there is no way I am going to say "NO NO This item is worth much more let me educate you" :twit:

There is a difference between taking a risk on a watch you aren't sure is even real and having to act right then and there, than to know and say nothing.

joli160 7 October 2014 09:38 PM

Obviously the rusty truck owner was urgently in need for quick cash.
Paying 900 does not seem right to me, this watch would leave me with a bad taste in my mouth whenever I would use it. There is more in life than
money :cheers:

Im Lauf der Zeit 7 October 2014 09:44 PM

Quote:

Originally Posted by joli160 (Post 5313997)
Paying 900 does not seem right to me, this watch would leave me with a bad taste in my mouth whenever I would use it. There is more in life than money.

Well said.

mjclark32 7 October 2014 09:45 PM

Welcome and congrats!

swish77 7 October 2014 09:56 PM

Tough call. We all look for bargains, whether it's Ebay or a pawn shop, but on a face-to-face like this it's a little different. I'd probably have pointed out that the watch was undervalued, but easy to say after the fact. Also, I don't consider 60 to be that old any more. It's not as if he was 90 and helpless. The guy could have Googled the watch and realized within seconds what he had. It's interesting that the original owner seemingly had no clue but kept all the bits and pieces of the watch as if he was a collector or watch lover. Hmmmm .... As for the watch itself, looks very nice, but is that spotting on the dial? Case looks great, maybe unpolished?

Robbyvm 7 October 2014 10:15 PM

i believe that both parties are somewhat responsible for what happened

the seller is 60 years onld and lives in 2014... it is not difficult to get an estimate of the value of material items (like a Rolex for example)
--> do your homework if you don't want to get screwed

The buyer who knows he is getting an item far below market value
i do not want the preach moral but if you can live with the fact that you bought it for this price, good for you... i would have difficulty with it. A bargain is one thing, this is not a bargain anymore

and now, enjoy the watch !

PoderEsBueno 7 October 2014 10:19 PM

Congrats

V.lats97nsx 7 October 2014 10:23 PM

What would happen if you offered the guy 2500. If I was the seller and was selling something and someone offered me almost triple of my asking price my first instict would be " its probably worth a heck more since this guy is offering me only 3 times my asking price" then I would think maybe its worth 10 times hmmmm. Sometimes better to keep your mouth shut.

andromeda160 7 October 2014 10:39 PM

Quote:

Originally Posted by Jason71 (Post 5313826)
:read:

You could have at least offered him $2,500 for it. That would have given you some room for service and it would have still been well below market price. I personally don't like taking advantage of people.

Says the guy who paid $1000 for a sea dweller, from a jeweler who paid $300. Don't see you concerned about the thousands the original owner of your watch was screwed out of.


You got a great deal, just because there's a market value for something, doesn't mean everyone's going to know it. This just goes to show how true the old saying "knowledge is valuable" is. A Rolex dealer won't even tell you if a Rolex is real or fake for free, so why should you give a free authentication & appraisal when you're buying one.

Plenty of people have gone to a jeweler who were sold an engagement ring for $12k saying it was appraised for $15k only to find out you can only get $3k for it after you walk out the door. And rarely do any of them say anything, because they were content with the purchase they made at the time. Just as the seller was content with the purchase price in this scenario.

The seller clearly didn't do any research and he got screwed, that's life. Who sells a car without looking at bluebook? No one, so why would someone sell an asset such as a Rolex without looking it up. He could've easily gotten quoted from a pawn shop, could've spent a few bucks on an appraisal, even googled 1980's submariner and he would've seen the approximate value. I wouldn't feel bad about getting a good deal. If you would've clued him in to anywhere near the value I guarantee he would've demanded top dollar. There's been a few watches I was going to buy, I felt the seller was asking too little, made them a better offer and was refused the watch because they were going to try and get more. Time to buy is when you see it, cash in hand, being a nice guy doesn't always pay off, especially in this industry.

HERITAGE82 7 October 2014 10:44 PM

Quote:

Originally Posted by v.lats97nsx (Post 5314067)
What would happen if you offered the guy 2500. If I was the seller and was selling something and someone offered me almost triple of my asking price my first instict would be " its probably worth a heck more since this guy is offering me only 3 times my asking price" then I would think maybe its worth 10 times hmmmm. Sometimes better to keep your mouth shut.

^ Exactly!

playmore009 7 October 2014 11:08 PM

I am torn...I would have bought the watch and then send him another check.

Vincent65 7 October 2014 11:18 PM

Yeah, right...

goldfixer21 7 October 2014 11:25 PM

There is nothing "wrong" with buying at a great price...bragging about sticking it to them on the internet...that's another thing

Roley 7 October 2014 11:32 PM

You gave the gent what (he) asked for.
Enjoy the watch.

1675-David 7 October 2014 11:32 PM

You paid 900bucks to a guy in a rusty truck for a Rolex... where did this deal of the century take place? The car park behind Burger King?

1675-David 7 October 2014 11:35 PM

Quote:

Originally Posted by Vincent65 (Post 5314161)
Yeah, right...

:lol:

Comacho 7 October 2014 11:44 PM

The rest of the story...
 
Ok so I guess I left out a few important details.

First of all the man was/is NOT hurting for cash. And the rusty truck is not indicative of his station in life. He KNEW the watch was worth significantly more, he just didn't care. Besides if he had wanted even twice what he was asking, as good of a deal as it would have still been, it would have difficult for me to do it right now.

I do nice things for people all the time and never expect anything in return. I FINALLY catch a break and I'm the bad guy for jumping on it? Its not like he asked me what I thought it was worth or i was there to tell him what he had. My friend has purchased literally THOUSANDS of dollars worth of guns from the man all at good but fair market prices. He's not a "clueless old man" sorry if it came off that way. Perhaps my story telling needs some work.

Besides me being new to the brand I really wasn't even sure what I bought until i was able to get it home and apart and until the. He seemed genuinely happy that someone cared enough about it to ask questions and hear his story. Sorry if it came off like I was bragging about sticking it to some unsuspecting sucker (which i would never do) because that is NOT how it was at all.

Money means very little to some people, apparently this guy is one of them.

V.lats97nsx 8 October 2014 12:13 AM

You should of really stuck it to him and offered him 850. Sad thing he probably would of taken it.

Rzani 8 October 2014 12:59 AM

I'm fairly certain I would have done the same thing the OP did. Though, I think any of us would had to have been there to truly make the call. Still, I always try and get the best deal I can on anything I buy.

If the watch is valued at $4000 and you pay $3000 does that make it better? If it was a 30 year old doctor selling the watch would it have been okay? Where do we draw the line? For all we know the "old man" is worth millions and is a prick who deserved to get lowballed. I think many here are assuming he is destitute and desperate, while that may not be the case at all.

To the OP, congratulations on the watch and the great deal!


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