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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 01:58 pm |
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25th Post |
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Nabco 3T WIS 
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It is like any collectible, regardless of the economy the good pieces that are sought after will ALWAYS retain their value and in most cases will go up, regardless if it is watches, art or coins. Up until about 10 years ago I was a pretty active coin dealer on the side participating in the largest coin shows in the country with a partner...i still stick my toe in once in awhile and even over the last 2 years in this crap economy the rare high end coins and even coins that may not be rare in mintage but rare in appearance have not only held their value but have gone up. Interesting thing about Will's comment that Rolex has NOS 5510 movements sitting in a safe somewhere...that happened in the coin world in the early 70's....The Carson City Morgan Silver dollars were always short in supply and demanded a high premium...in the early 70s the US Mint uncovered a stash of CC Dollars that had not been seen before, almost all in uncirculated condition, a few CC dollars that were considered VERY rare before the find like the 1184CC and 1885CC all of a sudden had 100's of 1000's of them hitting the market all nicely encapsulated the the US government in nice plastic holders....the value decreased on these coins by over 90% overnight.
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| Posted: Mon Dec 6th, 2010 04:37 pm |
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26th Post |
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aujang 3T WIS 
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Nabco wrote: Interesting thing about Will's comment that Rolex has NOS 5510 movements sitting in a safe somewhere...that happened in the coin world in the early 70's....The Carson City Morgan Silver dollars were always short in supply and demanded a high premium...in the early 70s the US Mint uncovered a stash of CC Dollars that had not been seen before, almost all in uncirculated condition, a few CC dollars that were considered VERY rare before the find like the 1184CC and 1885CC all of a sudden had 100's of 1000's of them hitting the market all nicely encapsulated the the US government in nice plastic holders....the value decreased on these coins by over 90% overnight. The notion that Rolex is sitting on a stock of NOS 5510s presupposes that Rolex SA has any interest in, or clue about, its vintage watches. Alas Rolex is only interested in selling new watches and its callous disregard for its own history and patrimony is IMO a terrible shame.
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| Posted: Tue Dec 7th, 2010 05:52 pm |
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27th Post |
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aujang 3T WIS
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According to Hodinkee the final selling price was $66100 and he has pictures of the original owner wearing the 5510 over the last six decades. http://www.hodinkee.com/blog/2010/12/6/interview-the-man-behind-the-most-talked-about-ebay-listing.html
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| Posted: Tue Dec 7th, 2010 06:22 pm |
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28th Post |
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Hammerfjord Moderator 
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The notion that Rolex is sitting on a stock of NOS 5510s presupposes that Rolex SA has any interest in, or clue about, its vintage watches. A agree...But you know, the supposition about the secret stock of 5510 was just a little dream of mine: Nothing else...To give an exemple of offer-demand possible manipulation. Alas Rolex is only interested in selling new watches and its callous disregard for its own history and patrimony is IMO a terrible shame. Rolex started in 1905: Many watch brands started before...Take Certina with 1888 as an exemple. Take also other brands higher ranked than Rolex who started maybe 200 years before... That's maybe why Rolex holded them 100 anniversary silent and also why they don't bother much about them history who's in fact a bit young for the status they achieved in popularity. In fact, if they was writing 1905 on them watches, it may have been a bad publicity return for them... Incredible: Superman may even had touch this 60000buks Rolex from the Bay...Thanks for the following up Aujang! big_eyes.gif
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| Posted: Tue Dec 7th, 2010 06:42 pm |
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29th Post |
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aujang 3T WIS
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It didn't occur to me that Rolex might not be interested in its history because it is such a (relatively) young manufacture. Still, they have made some very interesting watches, especially in the 1940s and 1950s and it really is a shame that they aren't interested in their patrimony. I am having my dad's 1960s Omega Chronostop basically rebuilt by Swatch for him. They are keeping the original tritium dial and case but basically everything else is going to be new. If Omega/Swatch can do it I really can't see why Rolex cannot, aside from them not wanting to.
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| Posted: Tue Dec 7th, 2010 07:41 pm |
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30th Post |
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oagaspar Site Founder 
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Rolex has recently stopped any restoration or repair work on vintage Rolies...moreso the ones that are bringing the big bucks due to insurance and any backlash over work performed... ...Rolex is very much interested in their heritage and although they do not have a museum they do have a "hall of fame" in their Geneve manufacture'...unfortunately it is not open to the public... ...just because Rolex is considered "young" compared to many of the older brands ie:Brequet and the such does not mean they did not pioneer the way to many of the innovations used by it's competition today...even those who have been around ions longer...they not only redesigned through their extensive research and development but created a dive watch that has been copied more than any other watch. ...their marketing and R&D have created not only a watch that lasts but has set a standard that makes Rolex a household name. ... WIS represented on the many forums are only a tiny percentage and something we sometimes forget compared to the huge buying public and owning a Rolex is the dream of many ...WIS or not. ...anyone who has walked into a Rolex AD and has experienced the thrill of buying a Rolex knows the feeling...I have to believe it is the same for a WIS or someone who knows nothing about watches...it's an experience you remember...
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| Posted: Wed Dec 8th, 2010 09:15 am |
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31st Post |
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aujang 3T WIS
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I agree that Rolex has been innovative; their parachrom blue hairspring is a good example. But the Oyster has been Rolex's boon and bane. IMO they have over time sought to perfect the Oyster. Rolex used to make watches with triple date calendars with moonphases and they are stunning. I really wish they would do things like that again. But I guess there is something to be said to sticking to one's core competencies. As for the restoration/repair of vintages I'm not convinced it is merely an insurance/backlash issue. Other manufactures of older and more highly complicated pieces do not seem to have problems with restoring those pieces. It'll cost you of course.
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| Posted: Wed Dec 8th, 2010 10:22 am |
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32nd Post |
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Paxman 3T WIS 
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oagaspar wrote:
Precisely. If you ain't done it, don't knock it.
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| Posted: Wed Dec 8th, 2010 10:34 am |
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33rd Post |
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bigrustypig 3T WIS 
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Still, whatever it is, for $66,000, I'd plunk it down on any of the holy trinity.....Patek World Time, or AP Royal Oak Offshore T3 or any rare VC.
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| Posted: Wed Dec 8th, 2010 11:44 am |
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34th Post |
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oagaspar Site Founder
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I'm not trying to justify the $66,000.spent on this particular watch as everyone has their own tastes,reasons and what they feel would round out a collection... ...like you Jeff if I had this kind of money to plop down on just a watch I would be looking at a Ulysses Nardin "Freak"...this is my dream watch...and I might have a enough left over for a lower end Patek... 
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| Posted: Wed Dec 8th, 2010 11:45 am |
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35th Post |
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Hammerfjord Moderator
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Paxman wrote:oagaspar wrote: The first and last time I walked into a Rolex AD, I looked at the subs behind glass and found them so little that I turned around without the lust to even try them on... Few months after, I was taking a plane to the job and the guy sitting by me had a Rolex sub: I didn't envy him in fact, as again, the watch looked little to me in every aspects... I have a Mil.sub homage I use only for the job because it's a strong cheapo who don't come in the way: The size help, it's just practical. I never feel for wearing it at home...Too small, too flat, not feeling like it dress me. Even I really like the look, I realise that it's not for me, so I don't know the thrill you speak about and will most likely never experience it or it would have allready happen... I could materialy buy one, but like many, I also think that the sub is overpriced, specialy when new. Then why not a DSSD? ...I like the size, I hate even more the price. 
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| Posted: Wed Dec 8th, 2010 11:53 am |
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36th Post |
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aujang 3T WIS
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Hammerfjord wrote: I could materialy buy one, but like many, I also think that the sub is overpriced, specialy when new. +1 on the prices of new Subs hammer.gif I like the DSSD too but (aside from the price, which I hate too) Rolex @#$%ed it up with the tapering bracelet. You have a very unbalanced look with a massive watch head on what looks like a puny bracelet.
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