Rolex advice
25 May 2008, 09:24 PM
#1
Rolex advice
I work for an insurance firm, and we have a salvage sale each year.
There is a ladies Rolex in it this year, and I'm thinking about making a quick buck.
Story of the Rolex:
Stolen from policy holder. Thief, or recipient of the stolen Rolex takes to a dealers to sell. Has all the paperwork, box, cloth etc. Dealer buys for 5k, pays by cheque, checks the Rolex register and finds out it stolen, stops check, calls police etc. Rolex now with insurance firm after policy holder paid out.
The sale we have at work is a closed auction, reserve is set at 2.5k. There is a few high flyers at my firm, so I'm thinking about an offer of 3.5k, to hopefully sell for 5k.
My main concerns are:
A: Do Rolex have a history? Ie, will the next potential buyer be able to tell it had a dubious past?
B: Will it affect the sale price? Ie: Like a car that is not HPI clear?
C: Is there a process to transfer to paper work over to the new buyer (me)? And again will the mount of owners affect re-sale?
thanks
There is a ladies Rolex in it this year, and I'm thinking about making a quick buck.
Story of the Rolex:
Stolen from policy holder. Thief, or recipient of the stolen Rolex takes to a dealers to sell. Has all the paperwork, box, cloth etc. Dealer buys for 5k, pays by cheque, checks the Rolex register and finds out it stolen, stops check, calls police etc. Rolex now with insurance firm after policy holder paid out.
The sale we have at work is a closed auction, reserve is set at 2.5k. There is a few high flyers at my firm, so I'm thinking about an offer of 3.5k, to hopefully sell for 5k.
My main concerns are:
A: Do Rolex have a history? Ie, will the next potential buyer be able to tell it had a dubious past?
B: Will it affect the sale price? Ie: Like a car that is not HPI clear?
C: Is there a process to transfer to paper work over to the new buyer (me)? And again will the mount of owners affect re-sale?
thanks
25 May 2008, 09:37 PM
#2
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
Ladies Rolex?
Don't bother is my advice and I buy a lot of quality watches.
To answer your questions
a>no history as such although Rolex will be able to tell you if it's legit ie not grey market
b> women's Rolex don't hold their value like men's.
c>paperwork doesn't need transferring as far as I know but I usually sell them or swap outside warranty- obviously you will need to keep the paperwork it's vitally important.
Personally I wouldn't buy any ladies rolex unless I was giving it to a woman who liked unfashionable watches. Real ladies wear full size watches these days old bean.
Don't bother is my advice and I buy a lot of quality watches.
To answer your questions
a>no history as such although Rolex will be able to tell you if it's legit ie not grey market
b> women's Rolex don't hold their value like men's.
c>paperwork doesn't need transferring as far as I know but I usually sell them or swap outside warranty- obviously you will need to keep the paperwork it's vitally important.
Personally I wouldn't buy any ladies rolex unless I was giving it to a woman who liked unfashionable watches. Real ladies wear full size watches these days old bean.
25 May 2008, 09:48 PM
#4
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
Send your pictures to this guy
www.chronomaster.co.uk
He'll tell you what it's worth if you represent it as your own you want to sell to him.
www.chronomaster.co.uk
He'll tell you what it's worth if you represent it as your own you want to sell to him.
25 May 2008, 09:57 PM
#6
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
Hard to know with a ladies Gold Rolex, not something I know about. Steel sports is what I'm into and the most active market. Might be a few quid in it for you but as far as I know the gold men's watches tend to be the one's that lose huge chunks of value.
25 May 2008, 10:04 PM
#7
Scooby Regular
Join Date: Aug 2003
Location: Sheffield; Rome of the North
Posts: 17,582
Likes: 0
Received 0 Likes
on
0 Posts
In order to sell the watch youll need to persuade Rolex to take the serial numbers of their stolen register. Good luck, I couldnt even get them to write to me to confirm my watches' provenance. I only got around that by faxing them; they replied by fax...
With regards to its value: Id be extremely careful. Id be surprised if anyone will offer you £3,500 for a ladies size DateJust... Its such a vertical market now, women are wearing larger watches as stated above.
With regards to its value: Id be extremely careful. Id be surprised if anyone will offer you £3,500 for a ladies size DateJust... Its such a vertical market now, women are wearing larger watches as stated above.
Trending Topics
25 May 2008, 10:08 PM
#8
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
Their stolen register is a bag of ****e in MY HUMBLE OPINION (and to avoid legal problems for this site). Not only is it not as upto date as one might wish they only have those recorded as one would expect.
26 May 2008, 10:58 AM
#10
Scooby Regular
Join Date: Jan 2004
Posts: 4,207
Likes: 0
Received 0 Likes
on
0 Posts
Check the braclet as that will determine price. It does not look like a presidential from the pic but with out a solid gold braclet I cannot see why a dealer would offer more than a few grand.
28 May 2008, 10:45 PM
#13
Scooby Regular
Join Date: Aug 2003
Posts: 3,701
Likes: 0
Received 0 Likes
on
0 Posts
Send your pictures to this guy
www.chronomaster.co.uk
He'll tell you what it's worth if you represent it as your own you want to sell to him.
www.chronomaster.co.uk
He'll tell you what it's worth if you represent it as your own you want to sell to him.
I'm in the process of selling my current watch to fund one of these, I have had 2x Omegas and 1x Breitling in the past but never a Rolex (so far).
28 May 2008, 10:58 PM
#15
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
I've been after a Rolex for a while, may treat myself this birthday. Or, better still, get the other half to treat me
29 May 2008, 07:04 AM
#16
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
Rolex Watches Liverpool | Rolex Day-Date, Liverpool Watches, President, Oyster Perpetual, Daytona, Explorer, Sub-Mariner, | Miltonaires.com
Never used them myself but maybe you could take a look?
This place is good but I've only bought Omega from them
Rolex Omega Patek Philippe Watches at The Old Watch Shop, UK
There's another place you might check out called Blowers but as I found the staff to be repellent, vile, sycophantic, slimy suck up salesmen so I won't link to it (funny how their attitude changed when they realise the jean and t shirt guy they let into their precious little shop is actually wearing a 10 grand timepiece) Plus their prices don't seem very competitive to me.
Don't take this the wrong way but that watch is hideous, truly awful in fact. You do realise that small ladies watches have had their day and succeed only in making the wearer look like an naff old trout with more money than taste/style who is some considerable years past her sell by date? We know you aren't like that so why not consider a Submariner or Seadweller yourself- it will look tres chic.
29 May 2008, 07:51 AM
#17
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
Long time no speak, Nacro, hello.
Rolex have gone to great strides over the past few years to eradicate this weakness. But it's a bit like Lancias and rust, the two are now inextricably linked. My biggest gripe with Rolex is that the self winding mechanism only lasts for about 40 hours, and that's assuming it's fully wound. If you do a desk job, like me, and if you're not flailing your arms around all day, it grinds to a halt after a frustratingly short time once you've removed it.
29 May 2008, 08:11 AM
#18
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
Long time no speak, Nacro, hello.
Rolex have gone to great strides over the past few years to eradicate this weakness. But it's a bit like Lancias and rust, the two are now inextricably linked. My biggest gripe with Rolex is that the self winding mechanism only lasts for about 40 hours, and that's assuming it's fully wound. If you do a desk job, like me, and if you're not flailing your arms around all day, it grinds to a halt after a frustratingly short time once you've removed it.
Rolex have gone to great strides over the past few years to eradicate this weakness. But it's a bit like Lancias and rust, the two are now inextricably linked. My biggest gripe with Rolex is that the self winding mechanism only lasts for about 40 hours, and that's assuming it's fully wound. If you do a desk job, like me, and if you're not flailing your arms around all day, it grinds to a halt after a frustratingly short time once you've removed it.
There's an obvious solution to the power reserve issue for us desk jockeys with access to internet pornography.
29 May 2008, 10:36 AM
#20
Scooby Regular
Join Date: Sep 2002
Location: In the sport section...
Posts: 5,292
Likes: 0
Received 0 Likes
on
0 Posts
Don't take this the wrong way but that watch is hideous, truly awful in fact. You do realise that small ladies watches have had their day and succeed only in making the wearer look like an naff old trout with more money than taste/style who is some considerable years past her sell by date? We know you aren't like that so why not consider a Submariner or Seadweller yourself- it will look tres chic.
I'd say the small faced ones are classy to be honest
29 May 2008, 11:31 AM
#21
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
My mums had a small faced ladies Rolex for about 20 years, so now she's an old trout with more money than sense? Don't talk rediculous, maybe she just prefers to have a more discreet time piece rather than have a "look at me and how much money i've got" big faced watch on her wrist. Not everyone wants to show off with how much money they've got, unlike yourself!
I'd say the small faced ones are classy to be honest
I'd say the small faced ones are classy to be honest
She's had the watch for 20 yrs and presumably she's older than 30. I'm sure her watch is befitting a woman of advancing years who isn't at the cutting edge of style. All your comments do is prove my point.
Besides I think large watches look great on women of all ages and for someone of advancing years another benefit is that they can tell the time without squinting or looking for their reading glasses.
What I was talking about was someone going out, today and buying a watch which is naff in the extreme without even the saving grace of irony...........
29 May 2008, 11:59 AM
#22
Scooby Regular
Join Date: Sep 2002
Location: In the sport section...
Posts: 5,292
Likes: 0
Received 0 Likes
on
0 Posts
I know what your saying but your comments were very generalised
I'm not a massive Rolex fan myself, only the Paul Newman Daytona tickles my fancy but is out of my budget ( maybe one day ). I quite like the most recent Daytona too but thats it!
Newman one with the black face
I'm not a massive Rolex fan myself, only the Paul Newman Daytona tickles my fancy but is out of my budget ( maybe one day
). I quite like the most recent Daytona too but thats it!Newman one with the black face
29 May 2008, 12:10 PM
#23
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
The 'Newman' Daytona is a great watch but I'd baulk at paying in excess of 15 grand for a good one.
29 May 2008, 03:28 PM
#25
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
Don't take this the wrong way but that watch is hideous, truly awful in fact. You do realise that small ladies watches have had their day and succeed only in making the wearer look like an naff old trout with more money than taste/style who is some considerable years past her sell by date? We know you aren't like that so why not consider a Submariner or Seadweller yourself- it will look tres chic.
You are as subtle as a sledgehammer sometimes
I've always liked Rolex. Not sure how a big gents one would look like on a smallish wrist though
29 May 2008, 03:39 PM
#26
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
The thing about watches like the Submariner or the Explorer particularly (think it's 37mm off hand) is that they are small by modern standards and IMO suitable for either sex. My better half wears an explorer II I gave her most of the time and sometimes wears my Seadweller or Submariners when the fancy takes her.
Go and try some on.
29 May 2008, 04:03 PM
#30
BANNED
Join Date: Apr 2003
Location: Your home is worthless.You can't afford to run your car.Your job is on the line.Schadenfreude rules.
Posts: 4,787
Likes: 0
Received 0 Likes
on
0 Posts
YouTube - Hot Chip - Wearing My Rolex *OFFICIAL**STUDIO QUALITY*
So good I linked it twice.