Lockdales Ipswich auction yesterday. Estimate was £7000-£8000.
Sold for: £230,000.
Lockdales Ipswich auction yesterday. Estimate was £7000-£8000.
Sold for: £230,000.
A great result for the seller. You would think the auction house would have had a tube of Polywatch to remove that light graze off the crystal.
One lovely looking very clean Watch with the under line and 3, 6, 9 and Swiss dial. The hands are clearly original and that insert is in fantastic shape with the pip still present. A movement service and you would be good to go.
The market for the rarer pieces shows no sign of slowing down.
If I was paying that much for it I'd bloody well thank the auction house to leave it untouched!
R
Ignorance breeds Fear. Fear breeds Hatred. Hatred breeds Ignorance. Break the chain.
Even without any Polywatch they could have centred the bezel pip!Originally Posted by Wallasey Runner
Sales such as this are to collectors. They’ll unlikely ever meet the retail market and in fairness, who’d actually want something like this as a watch to wear anyway.
That's a replacement bezel pip though isn't it? Totally unmatched patination with that of the dial and hands.
Not necessarily, the dial and hands are in a sealed water tight case, the bezel pip is exposed to the environment, it is quite feasible that they would gain their patina at different rates
Oh indeed, but I've seen the reverse before with the pip aging more rapidly than the dial due to that exposure rather than what's going on here with the pip looking rather younger than the dial.
Wow that’s incredible. What a beauty! How old was that one?
They want to sack whoever gave the estimate.
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Pat him on the back as it drew in potential punters. What a punt they had. Sounds like a bidding war to end up at £230k
Great result and cracking Sub
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They could have at least centred the bezel!
The bezel and pip were replacements, however 230,000 is a very big number.
I wonder if the buyer is anyone here or on the VRF. It's the sort of thing that would attract 6 people I can think of.
the funny thing is that I believe the 3,6,9 dial was a zero cost option from Rolex.
Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
Friedrich Nietzsche
The exotic (Newman) dial on the Daytona was a zero cost option, too, but hardly anyone took them up on that, either.
Unbelievable!! You can get a brand spanking new one for a little over £5k!
Thankfully it wasn't posted in SC or the seller would have been slated for selling above RRP.Unbelievable!! You can get a brand spanking new one for a little over £5k!
My thoughts exactly.
It can often be a sales tactic, and applies even when selling houses.
Drum up footfall with a very low price, and watch the bidding frenzy happen.
When selling a property I offer for sale at well below market valuation. The market will find the value, any item is only worth what someone is prepared to pay for it. And I believe that a buyer is comforted if there is an underbidder or two.
As to auctions, people seem to loose their mind at times. I attended a bankruptcy auction to buy an upright freezer. Shop display models, so expected to pay maybe half retail. Fat chance. Each was bid to more than retail at the hammer, BEFORE adding VAT and commission. There really is one born every minute.
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Forgive my "newbie" question, I understand that under auction conditions anything goes on price but why was this one so sort after, was the previous owner famous or some other historic reason for the value?
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No I think it's just the completeness of the whole package, and the explorer dial (the real rarity here) that means it was a solid buy.
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There were threads here on a couple auctioned last year. I failed to find them, but did find this piece
https://www.hodinkee.com/articles/ro...original-owner
Perfect. Ta.
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Thanks, that helped.
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Fellows sold one last year, est £50k - £80k, hammer dropped at £160k, inc taxes £198k.
That had box, guarantee, service papers & original sales brochure, seems a bargain compared to £325k!
The market moves on, I am no expert but from someone who is, I am advised it is a particularly rare dial variant, I presume within the explorer dial subs family. Quite a few vintage Rolex have seen big percentage rises over the last 12/24 months, not just at the unobtainium top end. People who part with these sort of sums generally know what they are doing.
I suspect we will never know if the vendor was private or if this was bought on a valuation day by the auction house as this is practice of some auctioneers these days .
Total with premium £325k nice tickle for someone .
I hope it's a private ,delighted , owner rather than some one reflecting on "I wonder if that was the watch I sold on the valuation day "?
The same auction house also sold yesterday an early Speedmaster that made £30k plus premium.
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19.5% premium for the buyer, plus the seller's premium, a good day for the auction house methinks.
Cripes, I drive past this place every day and used to live just over the road by I had no idea they even ran auctions. Perhaps I will pop in for a look next time they have any watches in. It would have been quite good fun to be in the room!
Later insert aside it looks like a nice original example with super case and lugs.
I`ll never understand the vintage Rolex Sub madness. OK, the dial's rare etc.....but this sort of money will buy a decent house! I thought it was a wind-up when I first saw it.
Much as I like watches I`ve no strong urge too own something like this, it has absolutely zero appeal to me at any price to me.
For anyone who's not into watches it's difficult to comprehend why someone would pay big money for this, but I am into watches and I`m still struggling to grasp it! It's not the fact that it's expensive, I just cannot see the appeal no matter how I try.
To me, the lume on the hands and dial matches too well, I find it hard to believe both have aged in exactly the same manner and that would make me suspicious that it's had 'work'..........but I assume the buyer thinks otherwise and he's more likely to be right than I am!
£300K to own a ratty old watch.....are we sure it isn`t a wind-up?
Paul
as I always think, something is worth as much as somebody is willing to pay for it.
Collectors markets are all obscene, whether it be for Art, cars, stamps or..... Watches. But the market, supply and demand, dictates prices.
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Looks like they gave it a quick buff up ...
http://www.dailymail.co.uk/news/arti...s-230-000.html
"The successful Italian bidder, who wasn’t named, said the watch was unusually valuable not just because of its orange numerals but also because it is in such a good condition"
Do we know HOW rare this watch is?
Classic cars selling for £5M when there are 5 or 6 in the world or 20 or 30 even, is one thing, but if they made 20,000 (or more!) of these it seems expensive.
M
Auctions do throw up nice watches, This is on an open auction and finishes the end of the month, from what I can see it has correct hands dot over 90 bezel etc so looks nice -
That's a nice looking watch, bung it off to Simon Freese to work his magic and service the movement and you would have yourself a very nice watch. The art is to look beyond what is currently in front of your face.Auctions do throw up nice watches, This is on an open auction and finishes the end of the month, from what I can see it has correct hands dot over 90 bezel etc so looks nice -
Looks nice but the corrosion would worry me a little. Got a link to the auction?Auctions do throw up nice watches, This is on an open auction and finishes the end of the month, from what I can see it has correct hands dot over 90 bezel etc so looks nice -
Wearing something like that Speedmaster is the equivalent to me of getting washed and changed for a night out, putting a smart shirt , best strides, smart shoes, then rolling around the garden wrestling with the dog then crawling under the car.........I'd look a scruffy shabby mess. That to me is what this watch looks like, I couldn`t give a damn where the dot is around the 90, the watch looks shagged.
For some reason that I can't grasp this look has been deemed desirable (don't polish it.....don't touch that dial or those hands!), folks fawn over it and pay daft money. It's kings new clothes syndrome.
There are many thousands of Speedy Pros in the world, and like black cats they all look alike with very subtle differences.
Paul
Last edited by walkerwek1958; 13th October 2017 at 17:25.
I can understand why people may leave the aesthetics of a watch untouched. Sometimes it can be for sentimental reasons. If I had a watch that I've worn for years and collected a few scratches or dings they may remind me of happy ( or sad!) times. Same if the watch was passed on by a loved one.
I admit that this doesn't apply if you're buying an old watch from a stranger. I guess in those circumstances people must be interested in the history of the piece and how it's aged with time. It's not like we go round restoring ancient artefacts in museums!
If I had 230k to spend on a watch I wouldn't buy an old one. I would buy one I liked and wear it all the time knowing that the scratches and scrapes were all mine and not part of a romantic fantasy of a life I've never actually lived.
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Here you go - Already £3750 with 16 days to go +24% sales tax/VAT
Thanks. The bezel and bracelet are worth £3500 just on their own. I would have thought at least 8k but perhaps more if there is more info on the military link. I’ll keep my eye on it
Is the story a little too tall (and not spell-checked!)? Why would a pilot, who's flying the plane, be doing that.
This watch previosuly belonged to a former RAF Pilot who had the distiniction of throwing Prince Charles from from a plane on his first parachute jump.
The filth on that watch. They didn’t even clean the bracelet before photography? Not into it anyway but even less so with the scum between the links. Horrible.Auctions do throw up nice watches, This is on an open auction and finishes the end of the month, from what I can see it has correct hands dot over 90 bezel etc so looks nice -
I agree with the general consensus that this, on the surface, appears a lot to spend on a watch let alone a secondhand watch.
However, and I appreciate many won’t agree with me, consider this. Someone who doesn’t earn much money and has a family to support etc... They walk past a watch shop and see the price of a brand new Rolex. They too could argue that it’s meaningless or ridiculous spending so much on an item you put on your wrist that does no more than tell the time and possibly the date. A watch from, let’s say, Argos at a fraction of the price does the same and because it’s a quartz doesn’t need winding every few days nor does it lose -/+ seconds a day.
My observation is that such a person could make similar arguments that are being made here about someone bidding £230k on an old Rolex.
Is it a lot of money? Absolutely. If the winning bid is a multiple of your salary or net worth it clearly appears insane and incomprehensible. Yet, if the amount is a small fraction of your net worth then it may not seem like an excessive amount on something you desire.
One final observation, the bid wouldn’t have reached £230k if at least one other person wasn’t willing to spend in excess of £200k.
I’m really pleased that the winning bidder managed to get a piece s/he desired as I know how pleased I’d be if I found something I really wanted.
Where is Haywood when you need him?
I guess if someone (or probably 2 or 3 people) really want something and they happen to have a few quid behind them, this sort of thing will happen!
Sold for £135,000 + commission = £167,400.
I have an old battered Timex, a snip at £30,000, very rare.
I also have the original suit of emperor's new clothes in mint condition, £250,000.
Form an orderly queue.
I'm just a very naughty boy.
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