Hello all,
My friend and I recently acquired this 1963 Tudor diver, and we are trying to figure out the best way of going about selling it or having it fixed up ourselves. As you can see, this one is pretty beat up, and it needs a new crystal, crown, pearl, and possibly a servicing. At first it wasn't running right away, but as time goes by it seems to be working better and better (I'm guessing it was just kept in a drawer for a long time).
Anyways, I've done a good amount of research and know this is a ref. 7928 with pointed crown guards, but the prices for these watches seem to be all over the place! There's currently only two on Ebay at the moment from 1963, asking 20k and 18k, and the 18k isn't even running correctly, but they both look great. Then you look at other sites and see some from 1963 that sold for 5k, 4k, 8k, and up to a few 15k and they all label them as original with no repro parts.... One of my questions is this...Am I missing something? Were there any very slight variations that can make this watch upwards of 15k? What is the average price for a 1963 tudor in great re-finished condition?
Secondly, I have a coin dealer who is interested in purchasing it as it is, then he plans on fixing it up. I've read that it costs at least $800 just for the servicing of one of these watches, then he would have to buy a crown of the period ($300? I believe?), and a crystal. So my guess is it would cost about 2k to get it looking good, while keeping the original parts. Does that sound realistic? What price do you think it would be? More or less? Basically I'm wondering if I sell it to him for 4k or 5k, and he puts 2k into making it look nice, will he then have a 10k-15k watch? Or do they really max out in price less than that? Keep in mind I don't plan on selling the band to him, which is probably at least another 1k by itself.
That's a lot of questions, so please forgive me! Also, I know most forums do not like you talking price but I hope this is okay just to get an understanding. I'm not looking to sell it here. Thank you all very much for any input!
Eric
