Silverspeed 10 Posted December 6, 2010 Auction house Dreweatts 1759 in London, is auctioning a large number of Rolex watches in their upcoming event on the 9th of December. Their catalog can be downloaded , and contains 161 lots. Ranging from Rolex Datejusts to Daytonas (stainless steel!), the price / value indications seems to be very low. All lots are watch heads only, which means there is no bracelet or strap with the watch. Even with the cost of a genuine Rolex replacement bracelet, it is far below today’s market prices for a pre-owned Rolex. Dreweatts clearly states that all serial numbers of these Rolex watches have been checked with Rolex UK and none of them have been reported lost or stolen. Also, buyers of these lots are being encouraged to purchase a strap or bracelet from an official Rolex retailer. Link for the catalog: http://webpix.dnfa.com/pdf-catalogues/13363new.pdf These watches were confiscated by the UK customs at Heathrow back in 2006 Share this post Link to post Share on other sites
Eiderdaus 0 Posted December 6, 2010 How can I bid from Germany ? Share this post Link to post Share on other sites
Member X 91 Posted December 7, 2010 WTF These will surely NEVER go for that little?? I would have thought that trade buyers would be all over these as they'd make a mint selling them on, even with higher prices than the suggested guide prices, and now it's on the internet all the forum geeks from across the world will be bidding the prices up too... Ok, they're more expensive once you add on the 17.5% VAT on the hammer price (they all seem to have stars next to the Lot Number) and add 22% buyers premium + VAT on the 22% (25.85% end result) so £1000 hammer price is actually £1000 + £175 + £258.50 = £1433.50 (say 43% on top of hammer price) but that's still a bargain for pretty much anything listed at that guide price in the catalogue!! I am almost tempted to take the day off and take a trip... Share this post Link to post Share on other sites
Luthier 1 Posted December 7, 2010 These watches were confiscated by the UK customs at Heathrow back in 2006 Why? Share this post Link to post Share on other sites
narikaa 129 Posted December 7, 2010 Who cares No one methinks is going to march off with a bargain of the century here Auction houses typically use 'come get me' guide prices to encourage the great unwashed to participate . Share this post Link to post Share on other sites
mspangl 0 Posted December 7, 2010 fuck me.. i wanna bid Share this post Link to post Share on other sites
barkingtoad 2 Posted December 7, 2010 No DSSD !!! Must not of been able to decide if it was the ultimate version Share this post Link to post Share on other sites
andygt 0 Posted December 7, 2010 Don't forget the buyers premium of 22% that is applied to all sales plus the VAT on that 22%. This means a total additional cost of 25% on top of the hammer price. Share this post Link to post Share on other sites
narikaa 129 Posted December 7, 2010 No DSSD !!! Must not of been able to decide if it was the ultimate version Which versions were about in 2006? . Share this post Link to post Share on other sites
debian 0 Posted December 7, 2010 Why were these watches confiscated? Share this post Link to post Share on other sites
Member X 91 Posted December 7, 2010 Don't forget the buyers premium of 22% that is applied to all sales plus the VAT on that 22%. This means a total additional cost of 25% on top of the hammer price. As per my post, they are all VATable on the hammer price too - so you pay 17.5% VAT on top of the hammer price, as well as paying the 22% buyers premium on the hammer price which has VAT added to take it to 25% extra, hence my calculations work out to 43% on top of the hammer price! Not so much of a bargain if the hammer falls at even half the price of the current market value. Share this post Link to post Share on other sites
narikaa 129 Posted December 7, 2010 Exactomudo Every £100 bid will cost £143.35 with the buyers fee and the Violence And Trouble . Share this post Link to post Share on other sites
andygt 0 Posted December 7, 2010 Fuckabout, didnt realise the VAT was due on the hammer price too figured it was factored in already. What a ruse running an auction house is... Share this post Link to post Share on other sites
andygt 0 Posted December 9, 2010 Well it was as Reginald predicted - hammer prices average out at around £2000 for a sub, £2200 for an SD and £1400 for an Explorer II. Once you add on the 43% those prices are pretty steep for watch heads only with unkown history Share this post Link to post Share on other sites
Member X 91 Posted December 9, 2010 Yup, those were my thoughts as I watched the auction! lol Some of the vintage ones went for a reasonable price, but probably due to the small size more than anything else. Share this post Link to post Share on other sites
