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Old 6 April 2019, 11:20 AM   #1
Ultratrailrunner
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GMT Appraisal

I brought my new to me GMT 2008 LN into a respected, local watch shop for an appraisal. My insurance company asked for some documentation in order to provide an insurance value. Once I handed my GMT to the watch tech he began an examination of it. This particular shop is set up like a pharmacy. They are elevated above you, and their work stations are out of one’s sight line. I could hear him, but not see him.
This being my 1st watch purchase of such value, I was relieved to hear him commenting on its outstanding condition. He was amazed it was a 2008 vintage. Once the appraisal was complete, he handed me back my GMT. A firm handshake and heartfelt congratulations on such a wonderful Rolex and I was on my way.
Although I felt I had made a wise decision in my purchase, his comments eased any residual anxiety I was feeling.
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Old 6 April 2019, 11:51 AM   #2
ekw808
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Was there something in particular you were concerned about?


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Old 6 April 2019, 12:20 PM   #3
Soarer
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How close was the appraised value to the retail price?


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Old 6 April 2019, 01:17 PM   #4
shkure
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Cool story
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Old 6 April 2019, 11:38 PM   #5
Ultratrailrunner
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Quote:
Originally Posted by Soarer View Post
How close was the appraised value to the retail price?


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The appraised value was within $150 of what I paid for it. Basically it was appraised at value of a new GMT LN if they were available.
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