Quote:
Originally Posted by JasonBetts
Actually this watch is being offered by my regular reputable brick and mortar watch dealer.
However I'm not comfortable with their level of expertise too as vintage rolexes are not regularly traded here. I'm just worried my dealer too get a wrong evaluation of the example. I asked them which mark is the 1655 and they don't have a clue.
From where I come from, Rolexes are still considered status watches hence the best selling models are the latest trendy and blingy rolexes. Very few people here are willing to scoop 20-30k for a 'beaten up' vintage while with similar amount of money they can get the latest Daytona, etc.
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Thank you for clarifying, I misunderstood who was selling the watch. It's good that the seller has an established history, but I agree that vintage Rolex requires special knowledge, and a generic watch/jewelry retailer doesn't typically have that expertise. Perhaps they can give you some information about the history of the watch.
Also, if a high-priced vintage watch will be a hard sell where you live, you might consider making an offer at a significantly lower level. That way you will be protected if you find that the condition is not quite as expected. I would suspect that the seller purchased it at a low price or gave a low trade value for it. In my experience, watch/jewelry stores typically give terrible prices when they buy watches. My local Rolex AD will typically offer less than half of fair market value, and they generally flip it quickly to a broker.