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Posted: 7/26/2017 11:57:24 PM EDT
I've decided to sell my grandpa's Rolex. He spent his entire life fixing Rolex's but now he's gone and I don't know if I'm getting seriously low balled.
It's an old 70s datejust (1601) with scratches. I have no boxes or papers. I talked to Bob's and they first offered me 400 bucks. Obviously, I said no and they offered me 800. Obviously, I said no and now they are offering 1 grand. This thing does need a service: new crystal overhaul missing links but 1 grand just doesn't sound right. Let me know what you think. 
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Posted: 7/26/2017 11:59:53 PM EDT
[#1]
Go get an appraisal by someone who knows Rolex watches, should be worth quite a bit more than offers you have received
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Posted: 7/27/2017 12:05:03 AM EDT
[#2]
used undocumented Rolex have very little value at wholesale. $800 was very generous, $1,000 is nuts. Remember, shops are looking for 300% mark up and an old Datejust is worth about $1,500 retail with docs.
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Posted: 7/27/2017 12:05:34 AM EDT
[#3]
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Posted: 7/27/2017 12:05:53 AM EDT
[#4]
Quote HistoryQuoted:
Go get an appraisal by someone who knows Rolex watches, should be worth quite a bit more than offers you have received Quote HistoryQuoted:
Go get an appraisal by someone who knows Rolex watches, should be worth quite a bit more than offers you have received Quoted:
Thats good advice.... also, consider having it serviced at your local rolex dealer (they actually mail them off, but you can talk to them about it).... it may be expensive, but it will be done right and will add to the resale value/provenance. Finally, think about putting it on Chrono24.com. If you have the authentication and service from rolex, you should be able to get top dollar for it there. Good luck. |
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Posted: 7/27/2017 12:07:16 AM EDT
[#5]
The Datejust is about the least desirable Rolex made.
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Posted: 7/27/2017 12:07:17 AM EDT
[#6]
Quoted:
Go get an appraisal by someone who knows Rolex watches, should be worth quite a bit more than offers you have received Finally, think about putting it on Chrono24.com. If you have the authentication and service from rolex, you should be able to get top dollar for it there. Good luck. |
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Posted: 7/27/2017 7:49:30 AM EDT
[#7]
No authentication, in need of a service and that bracelet looks like it's sized pretty small (those missing links cost around $100 each) are hurting you.
In that condition you're better off selling cheap (that $1000 offer is decent) as is or dumping some cash into it and just keeping it. After a service and a new bracelet you're looking at $1800 in expenses to get it looking new and authenticated by the Rolex Service Center (maybe $1200 by a good independent). I don't think you'll be able to sell it for more than $2500 even after a overhaul. |
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Posted: 7/27/2017 8:09:27 AM EDT
[#8]
...
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Posted: 7/27/2017 8:11:02 AM EDT
[#9]
Quote HistoryQuoted:
No authentication, in need of a service and that bracelet looks like it's sized pretty small (those missing links cost around $100 each) are hurting you. In that condition you're better off selling cheap (that $1000 offer is decent) as is or dumping some cash into it and just keeping it. After a service and a new bracelet you're looking at $1800 in expenses to get it looking new and authenticated by the Rolex Service Center (maybe $1200 by a good independent). I don't think you'll be able to sell it for more than $2500 even after a overhaul. The story I haven't shared is, I talked to Ermitage before Bob's and he IMMEDIATELY offered me 1k as opposed to low balling. So I will probably end up sending it back to him. |
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Posted: 7/27/2017 8:25:49 AM EDT
[#10]
1K offer, better take it.. Rolex Service Center starting at $500 for your watch to be serviced.
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Posted: 7/27/2017 8:59:31 AM EDT
[#11]
Unless you are hard pressed for cash, or did not get along with your grandfather, I'd say keep it. They are not that valuable, but are something you can wear for many years and then pass on to your kids. Especially if he was into watches they meant something to him.
Just a thought... |
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Posted: 7/27/2017 9:42:13 AM EDT
[#12]
Check out the Rolex forums. Some of those guys know a lot about rolexes.
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Posted: 7/27/2017 9:49:50 AM EDT
[#13]
I would pay any amount of money for my grandpa's Omega. It vanished, and I won't get that chance. I say keep it and get it fixed yourself. Yeah the service won't be cheap, but you're into a Rolex with a good family story for a lot less than you could be otherwise. Seems like one of those things you'd regret later if you sold...
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Posted: 7/27/2017 10:06:31 AM EDT
[#14]
I admit I don't know much about your situation, but I'd think long and hard before selling something like that.
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Posted: 7/27/2017 10:11:03 AM EDT
[#15]
Quote HistoryQuoted:
I would pay any amount of money for my grandpa's Omega. It vanished, and I won't get that chance. I say keep it and get it fixed yourself. Yeah the service won't be cheap, but you're into a Rolex with a good family story for a lot less than you could be otherwise. Seems like one of those things you'd regret later if you sold... |
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Posted: 7/27/2017 12:36:32 PM EDT
[#16]
Don't sell pops watch.
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Posted: 7/27/2017 3:23:30 PM EDT
[#17]
Not to be a party pooper, but shouldn't that watch have a heavily embossed or deeply engraved screw-on back?
Maybe I'm just ignorant. |
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Posted: 7/27/2017 3:48:40 PM EDT
[#18]
Quote HistoryQuoted:
Not to be a party pooper, but shouldn't that watch have a heavily embossed or deeply engraved screw-on back? Maybe I'm just ignorant. |
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Posted: 7/27/2017 3:51:45 PM EDT
[#19]
Quote HistoryQuoted:
Nope--plain jane is how it's supposed to look |
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Posted: 7/27/2017 4:56:59 PM EDT
[#20]
Also, IM sent to you OP
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Posted: 7/27/2017 5:02:24 PM EDT
[#21]
Quote HistoryQuoted:
Don't sell pops watch. |
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Posted: 7/28/2017 9:00:20 AM EDT
[#22]
Quote HistoryQuoted:
This |
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