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TimeTechTalk.com > Time Tech Talk > Time Talk > Vintage Rolex and a good reason why Rolex is what it is. |
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TimeTechTalk.com > Time Tech Talk > Time Talk > Vintage Rolex and a good reason why Rolex is what it is. |
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| Vintage Rolex and a good reason why Rolex is what it is. | Rate Topic |
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| Posted: Mon Dec 6th, 2010 01:43 am |
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13th Post |
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Hammerfjord Moderator 
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Good luck to the 66100buks buyer: Honnestly, I would have buy this one and surely made a better investment... http://cgi.ebay.com/Louis-Moinet-Vertalis-Tourbillon-Wow-BNIB-/120653981903?pt=Wristwatches&hash=item1c1789a8cf#ht_544wt_1139
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| Posted: Mon Dec 6th, 2010 09:26 am |
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14th Post |
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Graham 3T WIS 
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WOW! that was an interesting read. I would like to think it was all legit, but time will surely tell.
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| Posted: Mon Dec 6th, 2010 09:48 am |
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15th Post |
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bigrustypig 3T WIS 
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$66,000?..........hmmmm...with that money I can buy myself a President in platinum, a new Yachtie 2 and maybe have enough left over for a nice GMT in ceramic (if I can find one....ADs seem to be hoarding this one). Although I'm a Rolex fan, I'm not this crazy to spend that much for the watch featured.
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| Posted: Mon Dec 6th, 2010 10:30 am |
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16th Post |
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Hammerfjord Moderator
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bigrustypig wrote:$66,000?..........hmmmm...with that money I can buy myself a President in platinum, a new Yachtie 2 and maybe have enough left over for a nice GMT in ceramic (if I can find one....ADs seem to be hoarding this one). Although I'm a Rolex fan, I'm not this crazy to spend that much for the watch featured. Honnestly Jeff, I don't understand this... I guess that some guys would just buy anything at any price just because it's writen Rolex on it. Piece of history there? Even not that: The story following the watch wasn't even something special... No war event, no real action, no shrapnel scratch, no known name, no military serail number proving anything, no special engraving... I know the value of history and love it. I have a real Viking axe-head in iron who's over 1000 years old and who seen battle during invasions: Used by balled men who made history. I didn't need to pay this nuts price for it. I saw superbe military Omegas from the WW2 who seen real action: Never reached this prices... An original German pilot watch from WW2 is even rarer and more historical, still not reaching those prices. Something's wrong there...
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| Posted: Mon Dec 6th, 2010 10:50 am |
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17th Post |
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aujang 3T WIS 
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Hammerfjord wrote
It's a matter of demand and supply. The watch (if it turns out to be genuine) is "worth" whatever the market for vintage Rolex Subs will bear.
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| Posted: Mon Dec 6th, 2010 10:55 am |
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18th Post |
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Hammerfjord Moderator
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aujang wrote:Hammerfjord wrote The problem is that the Rolex market is not the gold market...
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| Posted: Mon Dec 6th, 2010 10:56 am |
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19th Post |
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bigrustypig 3T WIS
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Hard to say what happened for the watch to be hitting this price, Will and Aujang. It's almost incredulous and the market reacting at a sudden price drop shows this is an outlier deal. The only reason it could fetch this price is for sentimental reasons but then again, even sentimentality knows its bounds. Nice read though but the smart WIS will know exactly what brands and models to chase like crazy.
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| Posted: Mon Dec 6th, 2010 11:05 am |
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20th Post |
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aujang 3T WIS
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bigrustypig wrote: Hard to say what happened for the watch to be hitting this price, Will and Aujang. It's almost incredulous and the market reacting at a sudden price drop shows this is an outlier deal. The only reason it could fetch this price is for sentimental reasons but then again, even sentimentality knows its bounds. IMO it is not sentimentality that was driving the price of the watch. The 5510 is arguably the rarest Sub, manufactured for a short time in 1958 only. IF the watch is genuine 66k would have been quite reasonable (for a given value of reasonableness  ).
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| Posted: Mon Dec 6th, 2010 11:17 am |
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21st Post |
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Hammerfjord Moderator
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aujang wrote:bigrustypig wrote:]Hard to say what happened for the watch to be hitting this price, Will and Aujang. It's almost incredulous and the market reacting at a sudden price drop shows this is an outlier deal. The only reason it could fetch this price is for sentimental reasons but then again, even sentimentality knows its bounds. I guess that Rolex stoped to produce this model because it wasn't a hit.  Note that he paid 300buks in the 50's for it: Maybe 2000$ of today's value? What do you think?
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| Posted: Mon Dec 6th, 2010 11:22 am |
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22nd Post |
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aujang 3T WIS
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Hammerfjord wrote: aujang wrote: I don't know why production of the 5510 was stopped only after a quarter. Rolex discontinued the original Milgauss because it wasn't a hit and look at the prices now 
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| Posted: Mon Dec 6th, 2010 11:25 am |
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23rd Post |
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oagaspar Site Founder 
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agreed Aujang...this 5510 Rolie is 1 of the rarest of all Rolex and whoever bought it obviously did not have to think about money....watches have become part of the new shelter to invest or to just keep money for those who have it,tangible assets are very common among the wealthy. ....dealers could have been after this watch knowing that a profit could be made either by turning it over to a customer iso 1 who doesn't mind paying a finders fee or to resell down the road...again whoever bought this watch was not hurting for money regardless of why they bought it imo. Even though any # of new or old Rolies could have been purchased for $60,000. none of them really have a set value such as this 5510.,even if the sale price of this one was too high...who really knows what the end result of this sale will even be?...hopefully whoever purchased it will let us or someone know if it was genuine.. ...this was the 1st time I have ever seen or heard of 1 FS in many years as a watch enthusiast and just recently this model has become the attention of many WIS in the form of homage and replica. ...agreed this watch was not for everyone but if it is genuine has set a price for others to follow...I'll be willing to say more will begin to show up... btw someone just put up a 5510 vintage dial for 4200.euro.. ...I would love to see this guys collection go up FS....amazing Rolies and history of his diving experience!. http://diving-watch.net/
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| Posted: Mon Dec 6th, 2010 12:45 pm |
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24th Post |
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Hammerfjord Moderator
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The craze-button been pressed and it will take a while before things smooth down Oscar...There's a trend for everything. Rolex experienced it as well as Aujang was telling. When it's gone, prices will fall then maybe go up again, who knows. I observed that 2 years ago, the Panerai homages fashion was wild and that auctions for movements like the Cortebert 616 was going easily to 1000 buks even when they was in low cosmetic shape. Now, it's another story... I know also for exemple that the diamond market has allways been manipulated to keep the high prices: If all South African stocks would have been putted on the exchange, many people would have lost huge amount of money (The info comes from a friend who worked in diamond mines down there...He saw amazing stocks sleeping...) Maybe Rolex has a bunch of NOS 5510 sleeping in a safe and will let them there to hold the prestige up? 
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