Luthier 1 Posted October 5, 2009 Rare Rolex Watch sells at auction for £55,000 In our recent Specialist Watch & Clock auction on the 11th June. A rare Rolex 5517 Military 'Royal Naval Special Boat Services' Submariner wristwatch for sold £55,000 to Specialist Rolex agent Haywood Milton of Miltons Jewellers (Liverpool) Subscribed for auction by a South coast jeweller. The watch was purchased some 8/9 years ago over the counter for around £1000, the correct market value at the time! Over recent years despite the current economic climate prices for these models amongst collectors worldwide have soared. After being stored in the company safe ever since, a member of staff alerted the owner that it may have considerable value after viewing a similar watch on the internet. Auctioneer David Hare was approached and confirmed the rarity, originality and value of the watch and it was entered for auction with pre-sale estimate of £40000-60000. These watches were commissioned by the Royal Navy for the Special Boat Services “SBS†in the 1970's, this watch was officially issued in 1978 and had unique military reference numbers stamped to the back. Only around 1000 of these models were produced with only about 300 examples still known in existence. Share this post Link to post Share on other sites
trailboss99 994 Posted October 5, 2009 Ouch! Nice but somewhat pricey. Bet that's a happy jeweler! Col. Share this post Link to post Share on other sites
sconehead 5 Posted October 5, 2009 See boys, all good things come from Liverpool... edit: by the way, Miltons is a pawn shop... Share this post Link to post Share on other sites
greg_r 81 Posted October 5, 2009 Silly money. I don't care how rare it is, it's still a sub... If you've got £55k to blow on a watch, you could at least buy something interesting such as a Lange (or two)... I shall now go hide before the Rolex mafia get me ;-) Share this post Link to post Share on other sites
sconehead 5 Posted October 5, 2009 ...and an ETA powered gen Fiddy goes for how much Greg? Share this post Link to post Share on other sites
greg_r 81 Posted October 5, 2009 ...and an ETA powered gen Fiddy goes for how much Greg? Oh no argument - it's the same deal - love the watch, but the price is unjustifiable (about £20k in the case of a used Fiddy). If you're gonna spend that kinda dough on a watch it only makes sense if there's something exceptional about it - which is why I mentioned Lange. Share this post Link to post Share on other sites
JoeyB 0 Posted October 5, 2009 Silly money. I don't care how rare it is, it's still a sub... If you've got £55k to blow on a watch, you could at least buy something interesting such as a Lange (or two)... I shall now go hide before the Rolex mafia get me ;-) I agree. sconey seems to know quite a bit about it and the place that bought it, and in his home town. We've not heard from Jameo in a while, either. Where did the monkey get that kind of money? Hmmm.... Share this post Link to post Share on other sites
Luthier 1 Posted October 5, 2009 From 1000 pounds to 60,000 pounds in just a few years! It's an investment. How about 1959 Les Paul, that was in the stores in 1959-1962 for less than $300, and now it cost half of million greens? Is it best sounding guitar ever? No. Is it the most beautiful guitar ever? No. But it's an investment. Only 1700 of them were made, and Clapton and few other stars made it famous. In a few years it will cost a mil. And somebody will get a serious dough in profit. Share this post Link to post Share on other sites
greg_r 81 Posted October 5, 2009 From 1000 pounds to 60,000 pounds in just a few years! It's an investment. How about 1959 Les Paul, that was in the stores in 1959-1962 for less than $300, and now it cost half of million greens? Is it best sounding guitar ever? No. Is it the most beautiful guitar ever? No. But it's an investment. Only 1700 of them were made, and Clapton and few other stars made it famous. In a few years it will cost a mil. And somebody will get a serious dough in profit. Exactly. It was worth buying when new. Not so much now ;-) Share this post Link to post Share on other sites
P_Diddy 0 Posted October 5, 2009 crazy money ! what reasonably priced gens are there that could be potential investments? Share this post Link to post Share on other sites
sconehead 5 Posted October 5, 2009 crazy money ! what reasonably priced gens are there that could be potential investments? Rolex 168000 sub? Share this post Link to post Share on other sites
Member X 91 Posted October 6, 2009 It's hard to know what will be worth money and what won't For example, I'm on a Bell and Ross forum and most people there hate the new skull and crossbones 'Airborne' model so I can't see many people buying it. Will that mean it's worth mega money in later years? Or less because it'll still be a bit pants? Who knows. It really does seem to be luck. Share this post Link to post Share on other sites
greg_r 81 Posted October 6, 2009 It's hard to know what will be worth money and what won't For example, I'm on a Bell and Ross forum and most people there hate the new skull and crossbones 'Airborne' model so I can't see many people buying it. Will that mean it's worth mega money in later years? Or less because it'll still be a bit pants? Who knows. It really does seem to be luck. Yup - always the way. When I started collecting antique books, I collected works by a well-regarded illustrator plus a handful of historical volumes - none of which were too stupidly expensive. Fortunately I got lucky and some of those books are now VERY collectible and worth thousands... just luck of the draw. Nothing else I've ever collected has been that successful from an investment point of view... Share this post Link to post Share on other sites
JohnG 41 Posted October 6, 2009 It's hard to know what will be worth money and what won't For example, I'm on a Bell and Ross forum and most people there hate the new skull and crossbones 'Airborne' model so I can't see many people buying it. Will that mean it's worth mega money in later years? Or less because it'll still be a bit pants? Who knows. It really does seem to be luck. Exactly - what makes a good investment depends on what people will want to collect a long time in the future. If you could predict that reliably, that would be a pretty neat trick. Those who say they can are full of nonsense. You might as well bet on whether it will be sunny on the 25th of May, 2019. Share this post Link to post Share on other sites
Member X 91 Posted October 6, 2009 According to the climate change zealots we're all going to be burning in hell by then so I'll place £30 on sunny please ;) Share this post Link to post Share on other sites
JohnG 41 Posted October 6, 2009 According to the climate change zealots we're all going to be burning in hell Now actually THAT is true! Share this post Link to post Share on other sites
sconehead 5 Posted October 6, 2009 According to the climate change zealots we're all going to be burning in hell Now actually THAT is true! Repent you suckers!!! Share this post Link to post Share on other sites
Luthier 1 Posted October 7, 2009 It's hard to know what will be worth money and what won't For example, I'm on a Bell and Ross forum and most people there hate the new skull and crossbones 'Airborne' model so I can't see many people buying it. Will that mean it's worth mega money in later years? Or less because it'll still be a bit pants? Who knows. It really does seem to be luck. Yup - always the way. When I started collecting antique books, I collected works by a well-regarded illustrator plus a handful of historical volumes - none of which were too stupidly expensive. Fortunately I got lucky and some of those books are now VERY collectible and worth thousands... just luck of the draw. Nothing else I've ever collected has been that successful from an investment point of view... Sooo... you can sell a few, and buy a bunch of reps!!!! Yiihhaaa!!! Share this post Link to post Share on other sites
greg_r 81 Posted October 7, 2009 It's hard to know what will be worth money and what won't For example, I'm on a Bell and Ross forum and most people there hate the new skull and crossbones 'Airborne' model so I can't see many people buying it. Will that mean it's worth mega money in later years? Or less because it'll still be a bit pants? Who knows. It really does seem to be luck. Yup - always the way. When I started collecting antique books, I collected works by a well-regarded illustrator plus a handful of historical volumes - none of which were too stupidly expensive. Fortunately I got lucky and some of those books are now VERY collectible and worth thousands... just luck of the draw. Nothing else I've ever collected has been that successful from an investment point of view... Sooo... you can sell a few, and buy a bunch of reps!!!! Yiihhaaa!!! uh - no. Might sell watches to buy books - never the other way around.... Share this post Link to post Share on other sites
prestigewatchco 2 Posted October 7, 2009 If you are buying a new gen then buy Rolex I know some of the Panerai/AP/Patek are sound investments but Rolex historically have always had the least drop in value from new when you come to sell them . So even if you don't get lucky with the right model you will lose very little Share this post Link to post Share on other sites
Member X 91 Posted October 7, 2009 I guess that's what 40+ years of advertising and building a brand does! lol But yahboosucks to the anthropogenic climate change believers Share this post Link to post Share on other sites
