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Old 23 May 2018, 06:15 PM   #61
directioneng
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Very nice.

Enjoy wearing it.

$$$'s come and $$$'s go but that is a nice model keep and to hand down.

But I am biased ... I have never sold or traded a watch.
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Old 23 May 2018, 06:21 PM   #62
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If not interested it makes no sense to keep. Value could go both up and down and since the watch is extremely fragile it is probably not worth to wear excessively if there’s no real interest. Depending on the overall financial situation I am guessing a 100k would make a difference in many peoples lives.

If you are certain a piece like this will appreciate in value I guess you would buy one. Pretty simple.

This example is honest and nice. Dial is charming at best but it is not really a museum piece. Still worth a ton but I wouldn’t bet my life it will move up year by year. I’d kind of think it is a bit foolish to recommend someone not interested to speculate in value appreciation. It’s a niche piece. Allthough very nice. Money could probably do other things for someone not interested in vintage rolexes.
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Old 23 May 2018, 07:49 PM   #63
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A beautiful rare bird.
Thank you for sharing!


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Old 23 May 2018, 08:32 PM   #64
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If not interested it makes no sense to keep.
Yep, youíre right.

I think Iíd probably by a nice old Pepsi GMT with part of the proceeds though, be nice as a reminder and have a browse around here and perk your interest up for a nice vintage Rolex. Be your own reminder for the occasion as you say this has no sentimental attachment.
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Old 23 May 2018, 08:44 PM   #65
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100k in a retirement fund may be of better use but man this is like a unicorn for me. Would be hard to sell if I was the owner. Beautiful piece.

My uncle has the same model but the insert is gone. I been bugging him to part with it to me.
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Old 23 May 2018, 09:26 PM   #66
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Wow that is amazing. That is true grail!

And of course condolences for the loss of your dad :(
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Old 23 May 2018, 10:32 PM   #67
Tomas Eriksson
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Condolences.

That is one amazing piece. Do you have any guesses to how long it has sat in the drawer? Any pictures of your granddad wearing it?

Be careful using the piece, the movement is most likely bone dry. With that said be very careful who to let work on it if you want to use it. You actually should insure it properly before using or letting someone touch it.
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Old 23 May 2018, 11:06 PM   #68
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Condolences.

That is one amazing piece. Do you have any guesses to how long it has sat in the drawer? Any pictures of your granddad wearing it?

Be careful using the piece, the movement is most likely bone dry. With that said be very careful who to let work on it if you want to use it. You actually should insure it properly before using or letting someone touch it.
Youíd be surprised how unreasonable it is to insure something like this.

Movement is not what to be worried about. The bezel is what is fragile and valuable. After that the dial and so on.
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Old 23 May 2018, 11:15 PM   #69
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There's a great example @ AmsterdamVintageWatches

https://youtu.be/GfFO7xkgA1w?t=4m17s
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Old 23 May 2018, 11:20 PM   #70
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Take it to one of the top auction houses (Southbys/Christies/Phillips)
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Old 23 May 2018, 11:47 PM   #71
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If not interested it makes no sense to keep. Value could go both up and down and since the watch is extremely fragile it is probably not worth to wear excessively if there’s no real interest. Depending on the overall financial situation I am guessing a 100k would make a difference in many peoples lives.

If you are certain a piece like this will appreciate in value I guess you would buy one. Pretty simple.

This example is honest and nice. Dial is charming at best but it is not really a museum piece. Still worth a ton but I wouldn’t bet my life it will move up year by year. I’d kind of think it is a bit foolish to recommend someone not interested to speculate in value appreciation. It’s a niche piece. Allthough very nice. Money could probably do other things for someone not interested in vintage rolexes.

This pretty much sums it up for me. Fact is, my wife and I do fairly well. If the watch value were in the $30-50k range, I would keep it as that amount of money would not make much of as impact on our lives. However, when you start talking about $100k, that starts to have more of an impact from both an enjoyment standpoint and investment perspective.

Or, if I was a watch guy, then I would be more likely to keep it. I started to get into watches about 3 years ago, but as my taste and knowledge increased, I started to question if I wanted to spend upwards of $5000+ on a watch... and I decided no, I had other places I would want to put that income. At this point, I would be likely to take some of the money and buy a nice Bell & Ross or similar. That would satisfy my watch craving.

Also, due to the fact that I never saw my Grandfather in it and never knew it existed, I have no really sentimental value tied to the watch. I have other items that mean much more to me than this piece.

Simply knowing the importance, rarity and collectibility of the watch propels me to sell it so that it goes to someone that truly appreciates it. It's kind of like having a BMW M1 sitting in a garage under a pile of trash, sad to see something of this value stay with someone who is not able to truely appreciate it.
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Old 24 May 2018, 12:23 AM   #72
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This pretty much sums it up for me. Fact is, my wife and I do fairly well. If the watch value were in the $30-50k range, I would keep it as that amount of money would not make much of as impact on our lives. However, when you start talking about $100k, that starts to have more of an impact from both an enjoyment standpoint and investment perspective.

Or, if I was a watch guy, then I would be more likely to keep it. I started to get into watches about 3 years ago, but as my taste and knowledge increased, I started to question if I wanted to spend upwards of $5000+ on a watch... and I decided no, I had other places I would want to put that income. At this point, I would be likely to take some of the money and buy a nice Bell & Ross or similar. That would satisfy my watch craving.

Also, due to the fact that I never saw my Grandfather in it and never knew it existed, I have no really sentimental value tied to the watch. I have other items that mean much more to me than this piece.

Simply knowing the importance, rarity and collectibility of the watch propels me to sell it so that it goes to someone that truly appreciates it. It's kind of like having a BMW M1 sitting in a garage under a pile of trash, sad to see something of this value stay with someone who is not able to truely appreciate it.
Well said. I am not a sentimental person myself, so "things" don't really matter as much. My grandfather is responsible for my view on this. When he was nearing the end of his life, he wanted me to take his stash of old fishing gear. It had many valuable old lures in it. I told him I didn't want hem until he was gone. He replied that he had always said they were going to be mine, so take them! He then added, "some of this is worth a lot of money, so when you sell them, make sure you get a fair price." I told him I would not sell them because they were from him. He said that was stupid, what was I going to do with a bunch of fishing lures I'd never use. What he said next will always stick with me. He said, "If you need stuff to remind you of me, I didn't make much of an impression." I still have all that stuff 20+ years later, but I don't need it to remember what an awesome guy he was.
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Old 24 May 2018, 10:03 AM   #73
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Its a beautiful piece none the less, keep us updated on what you do with it!
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Old 27 May 2018, 07:51 AM   #74
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haha, some times I'm kinda slow... I just realized while looking at the GMT that I have a complete set here. On the right is my Maternal Grandfather's Bulova Watch and stop watch from when he was a train engineer in WV and Ohio... on the left, my fraternal Grandfather's Rolex and Heuer stop watch from his business days in Detroit.

That's a hell of a set. They led two very different but important lives.

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Old 28 May 2018, 02:58 AM   #75
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Wow stunning. Yet another wonderful story of an amazing timepiece waiting to be discovered by a family member. Im sure there will be more. Congratulations to you, your grandad had great taste and sorry for your loss.


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Old 6 December 2018, 06:29 AM   #76
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I’d just consign it thru Andrew Shear or Matt Bain. One of the two would probably work on 5-10% commission and could have it sold in weeks or less. Incredible watch. I’ve sold a lot of pieces thru large auction houses (primarily print) because I had no other options. The end result from the sale is often 60-65% of hammer after commission and costs for marketing.
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Old 6 December 2018, 09:09 AM   #77
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Gobsmacked and incredible find~!
An honest time-capsule of horological wonderment of form and function - congratulations to you sir...
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Old 6 December 2018, 09:10 AM   #78
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The chamfers taper out to +2mm I bet, man, soooo nice ~ !
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Old 6 December 2018, 12:09 PM   #79
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Iíd just consign it thru Andrew Shear or Matt Bain. One of the two would probably work on 5-10% commission and could have it sold in weeks or less. Incredible watch. Iíve sold a lot of pieces thru large auction houses (primarily print) because I had no other options. The end result from the sale is often 60-65% of hammer after commission and costs for marketing.
Would you really need to offer it out to someone to sell it for you? And for $10k!

Sheesh, the thing should sell itself surely, a post here an instagram post there and people would be coming to you. Itís probably already gone.
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Old 7 December 2018, 05:12 AM   #80
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You do... unless you’re in the business of regularly selling five and six figure watches on a regular basis. These guys have clients that have been buying for decades and will pay substantially more than he could ever achieve solo.
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Old 7 December 2018, 06:43 AM   #81
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With how crazy the Rolex market is at the moment......I don’t think I would sell it for any less than $150,000. I believe it might be worth even more than that. Like someone else mentioned, that is the nicest example I have ever seen.
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Old 7 December 2018, 06:45 AM   #82
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Very cool piece your father wore....my condolences to you and your family, I understand you arenít a watch guy, however, Iíd hold on to the piece for a while...put it in a lock box at your bank and cash in after a few years when the price doubles or triples...why not ? You have nothing to lose and everything to gain out of this...in any event, itís your call on what to do with the piece, but as others have stated, you have a truly magnificent example of an extremely desirable and sought after reference...that Bakelite is truly about as good as it gets
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Old 7 December 2018, 06:57 AM   #83
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What a beautiful example!
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Old 7 December 2018, 11:08 AM   #84
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Beautiful watch!
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Old 11 December 2018, 07:10 AM   #85
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Beautiful watch, that’s a keeper
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Old 11 December 2018, 06:52 PM   #86
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Stunning :o - any updates?
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Old 12 December 2018, 02:02 AM   #87
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You do... unless youíre in the business of regularly selling five and six figure watches on a regular basis. These guys have clients that have been buying for decades and will pay substantially more than he could ever achieve solo.
That kind of implies the people that collect these watches donít look around for themselves? I find that quite hard to believe and Iím sure there are collectors out there that still love the chase themselves.
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