Quote:
Originally Posted by Fleetlord
OK, lets look at the reality of the situation.
Watch is broken and for whatever reason doesn't hold reserve.
Watch would go to Rolex through AD. Sounds like a broken mainspring. Will need that and a service, so after all the shipping and such, expect the bill to be around $800.00 US.
After that, the watch will be like new and carry a warranty.
If you don't want to spend the money to service, then you can EXIT Rolex now and sell the watch at a substantial loss.
Hard CASH BID from a pre-owned watch dealer on a nice, crisp and working 216570 is approx $4800 to $5000 US. That is with a no problems piece, box and papers. Present the watch and get the cash...
To cash out your watch its current state would be around $3000 US or maybe less...if you can find a buyer.
You could also get the watch fixed, then sell to get out of Rolex and the headache you are concerned about.
It just depends on how much of a hit you will take vs what you paid for the watch and also whether or not ownership of mechanical watches such as Rolex are for you....which it very well might not be...
There is no shame in punting and moving on...
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I guess it comes down to how much you have in the watch already. But, I agree with Fleetlords post. It makes more sense to get the watch fixed and then decide if you want to sell it or not. Hope it all works out!