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It really depends on the price the AD is willing to sell this pre-owned watch. The 5711/1A new is listed at $26.7K USD.
Even those who claim they will never purchase a watch without papers, I wonder how many will pass it up if the AD was selling it at a steep discount(e.g. $13.3K or 50% discount). I don't think the AD will sell it that low, but it really depends on the sales price for pre-owned watches, even for watches without the certificate.
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