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emkwan · 15 June 2016, 03:56 PM

Hi guys...

Wanted to pick the brains of more qualified and experienced members of this forum. So I've been browsing locally for a Rolex GMT Master ii 116710LN. I've found an individual seller and went to see the watch. It's in pretty scratched up state for a 5 year old watch. The guy has a box that's beat up also but it comes with the paperwork. No warranty on the watch. Guy is young and said he wore his Rolex all the time and was told scratches 'add' to the value lol, he seriously believed that I think...

Anyway, Its scratched both on PCL and the brushed part. There is also a scratch on the crystal that's subtle. A lot of gunk/dirt on the bracelet also which I suspect is sweat etc... yuck! Now I've checked with the local RSC and seller is happy to take the watch there to be verified it's legit. I've also got quotes for polishing which are around $136 and crystal replacement (tho im thinking of delaying this to service in 2 years time) around $326.

Now the interesting thing is this guy is desperate to sell to fund another watch. Now I've given the guy my price which is around $5000 mark. Factoring in the 'repairs' - I wanted to know what the forum thought + any other things I should be concerned about?! My intention is buy to use... then possibly in the future sell it off.

Here's a pic of the current condition.

Danny83 · 15 June 2016, 04:07 PM

I would rather spend 1000 to 1200 dollars more and get one in better shape under warranty.

emkwan · 15 June 2016, 04:08 PM

Quote:

Originally Posted by Danny83

I would rather spend 1000 to 1200 dollars more and get one in better shape under warranty.

Thanks Danny... Too much hassle you think. Even at that price?!

Gotgolf52 · 15 June 2016, 04:19 PM

I wouldn't buy beat up watches or anything for that matter. Move on to the next one or spend another grand and get a good shape watch.

Muzz · 15 June 2016, 04:21 PM

Very good condition would pull 5800 (from what I have experienced). If everything checks out, I personally would be a player at 4800 ish after you factor in the glass replacement. I would however get it serviced at that time as well, only because you would get the RSC polish and warranty.

masyv6 · 15 June 2016, 10:48 PM

Quote:

Originally Posted by Muzz

Very good condition would pull 5800 (from what I have experienced). If everything checks out, I personally would be a player at 4800 ish after you factor in the glass replacement. I would however get it serviced at that time as well, only because you would get the RSC polish and warranty.

x2. I'd only buy the watch if it's still a good deal after you send it in for servicing.

frequentflyer · 15 June 2016, 04:38 PM

So you're basically going to be in for $5500 (20000 dirhams) which doesn't sound too bad if it has box and papers. I'd go with the cash and try for a little lower.

emkwan · 15 June 2016, 04:51 PM

Quote:

Originally Posted by frequentflyer

So you're basically going to be in for $5500 (20000 dirhams) which doesn't sound too bad if it has box and papers. I'd go with the cash and try for a little lower.

True... think the comment on getting it serviced is important to rule out any issues. Factoring that in and its increasing cost by 4000 dirhams plus. the guy originally wanted 26000 for it

Thatguy · 15 June 2016, 04:52 PM

As long as there are no deep gouges in case or bracelet and due to crystal scratch 4500-4800 would seem about right as it is due a service soon as well.

Sent from my iPhone using Tapatalk

versatile1 · 15 June 2016, 04:55 PM

Quote:

Originally Posted by thatguy

as long as there are no deep gouges in case or bracelet and due to crystal scratch 4500-4800 would seem about right as it is due a service soon as well.

Sent from my iphone using tapatalk

x2

TickTopia · 15 June 2016, 04:59 PM

Quote:

Originally Posted by thatguy

as long as there are no deep gouges in case or bracelet and due to crystal scratch 4500-4800 would seem about right as it is due a service soon as well.

Sent from my iphone using tapatalk

x3

emkwan · 15 June 2016, 05:07 PM

Quote:

Originally Posted by Thatguy

As long as there are no deep gouges in case or bracelet and due to crystal scratch 4500-4800 would seem about right as it is due a service soon as well.

Sent from my iPhone using Tapatalk

Appreciate the advice. Factoring all this in its pushing the price up to 17500 my offer + 5000 + 500 Rolex verification to 23000 - I've seen better condition GMT's in UAE for sale on the used market for around same price.

joli160 · 15 June 2016, 05:59 PM

This watch does not look beat up imho. Only a minor scratch on the crystal and some scuffs on the bracelet is not a big issue imho. Easy DIY fix

henry333 · 15 June 2016, 06:35 PM

From the two photo it doesn't look that bad.. A polish and a good cleaning will do

Daytona88 · 15 June 2016, 09:16 PM

Quote:

Originally Posted by henry333

From the two photo it doesn't look that bad.. A polish and a good cleaning will do

This

Sal_UKSheffield · 15 June 2016, 07:23 PM

Emkwan i follow your youtube channel! Show us a pic of your OP and your AP... Big fan!!

mapalfa · 15 June 2016, 07:47 PM

Doesn't look bad to me either. Get the price down a bit and give it a good bath.

If you're really bothered by the "gunk" then you can pick up a cheap ultrasonic cleaner for next to nothing and give the bracelet the full-on spa treatment.

As above, save the polish and crystal replacement until it goes into RSC.

S.C · 15 June 2016, 08:00 PM

If you travel to the Uk Emkwan from Abu Dhabi you can get tax back. My parents live in Dubai so I use there card to get tax back when I buy my watches in Dublin. Got a brand new sub date for 22,000 dirhams.

Gaijin · 15 June 2016, 09:02 PM

I'd get the price a bit down like, ok not a bit but at least 500 or more to make this doable. Needs a complete service in my opinion.

Cru Jones · 15 June 2016, 09:07 PM

doesn't look bad at all....

anyway, knock a couple hundred off, buy it, send it for a service and enjoy the "new" watch.

brandrea · 15 June 2016, 09:19 PM

Quote:

Originally Posted by Cru Jones

doesn't look bad at all....

anyway, knock a couple hundred off, buy it, send it for a service and enjoy the "new" watch.

I agree, overall it doesn't look too bad to me.

Jacobson · 15 June 2016, 09:24 PM

@EMKWAN.

Go and see Mr Hiren at Mashoom jewellers (Gold Souk).

He usually has some great prices

AK797 · 15 June 2016, 09:26 PM

I don't like marks on the crystal, usually means the owner didn't care about the watch at all, I've had that before and that always jarred with me, so I'd pass and save all the hassle.

Chadridv · 16 June 2016, 02:04 AM

Quote:

Originally Posted by AK797

I don't like marks on the crystal, usually means the owner didn't care about the watch at all, I've had that before and that always jarred with me, so I'd pass and save all the hassle.

I agree with this.

The pricing isn't far off, but for me I'd prefer to save a little more and get something in better shape, potentially still under warranty.

Anthon · 16 June 2016, 03:57 AM

Quote:

Originally Posted by AK797

I don't like marks on the crystal, usually means the owner didn't care about the watch at all, I've had that before and that always jarred with me, so I'd pass and save all the hassle.

Indeed. I wouldn't care too much about PCL scratches etc, but a scratched crystal? How did that happen?

mash_taylor · 16 June 2016, 06:11 AM

Quote:

Originally Posted by Anthon

Indeed. I wouldn't care too much about PCL scratches etc, but a scratched crystal? How did that happen?

I have a similar scratch from my finances engagement ring, it can happen!

Thatguy · 16 June 2016, 08:22 AM

Quote:

Originally Posted by Anthon

Indeed. I wouldn't care too much about PCL scratches etc, but a scratched crystal? How did that happen?

My sub has a scratch on the crystal. No idea how it happened. Will be fixed at first service.

Sent from my iPhone using Tapatalk

1William · 15 June 2016, 09:55 PM

Seems like a lot of work and time away from a new purchase to save a little money. You can find a good example that is not in this rough condition. I would pass and go find a better example. It will also save you a lot of personal time.

CHOSEN1 · 15 June 2016, 10:15 PM

pass

cab56 · 15 June 2016, 10:43 PM

My rule for buying used items (expensive cars, expensive watches) is to assume that two (2) repairs will be needed and to adjust my offering price accordingly. If no repairs are need, my cost was a good price. If they are both needed, then my total cost was a fair price with no regrets.

As as I got older (and I had less time/interest for "the hunt" and "small to medium" amounts of money mattered less), I simply asked myself "will XXXX dollars matter to me next year? Will I even remember?"

For this GMT, the cost (purchase plus RSC service) is too close to the going price for nice GMTs. I would look for a nice GMT with proof of service and not bother with this watch.

15 June 2016, 03:56 PM	#1
emkwan Banned Join Date: Mar 2016 Location: Abu Dhabi - Dubai Watch: Rolex 116710 BLNR Posts: 375	ADVICE NEEDED: Beat Up Rolex BUT Well Priced Hi guys... Wanted to pick the brains of more qualified and experienced members of this forum. So I've been browsing locally for a Rolex GMT Master ii 116710LN. I've found an individual seller and went to see the watch. It's in pretty scratched up state for a 5 year old watch. The guy has a box that's beat up also but it comes with the paperwork. No warranty on the watch. Guy is young and said he wore his Rolex all the time and was told scratches 'add' to the value lol, he seriously believed that I think... Anyway, Its scratched both on PCL and the brushed part. There is also a scratch on the crystal that's subtle. A lot of gunk/dirt on the bracelet also which I suspect is sweat etc... yuck! Now I've checked with the local RSC and seller is happy to take the watch there to be verified it's legit. I've also got quotes for polishing which are around $136 and crystal replacement (tho im thinking of delaying this to service in 2 years time) around $326. Now the interesting thing is this guy is desperate to sell to fund another watch. Now I've given the guy my price which is around $5000 mark. Factoring in the 'repairs' - I wanted to know what the forum thought + any other things I should be concerned about?! My intention is buy to use... then possibly in the future sell it off. Here's a pic of the current condition.

15 June 2016, 05:59 PM	#13
joli160 2024 SubLV41 Pledge Member Join Date: Apr 2013 Location: NL Watch: Yachtmaster Posts: 14,738	This watch does not look beat up imho. Only a minor scratch on the crystal and some scuffs on the bracelet is not a big issue imho. Easy DIY fix __________________ Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.

15 June 2016, 04:07 PM	#2
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,302	I would rather spend 1000 to 1200 dollars more and get one in better shape under warranty.

15 June 2016, 04:19 PM	#4
Gotgolf52 "TRF" Member Join Date: Nov 2015 Location: Paradise Island Watch: Daytona 116520 Posts: 999	I wouldn't buy beat up watches or anything for that matter. Move on to the next one or spend another grand and get a good shape watch.

15 June 2016, 04:21 PM	#5
Muzz "TRF" Member Join Date: Mar 2014 Real Name: Steve Location: TO CAD, HCMC VN Watch: MP 18946 Posts: 7,292	Very good condition would pull 5800 (from what I have experienced). If everything checks out, I personally would be a player at 4800 ish after you factor in the glass replacement. I would however get it serviced at that time as well, only because you would get the RSC polish and warranty.

15 June 2016, 04:38 PM	#7
frequentflyer "TRF" Member Join Date: Dec 2010 Location: UAE Watch: GMT IIc, 16750 Posts: 286	So you're basically going to be in for $5500 (20000 dirhams) which doesn't sound too bad if it has box and papers. I'd go with the cash and try for a little lower.

15 June 2016, 04:52 PM	#9
Thatguy "TRF" Member Join Date: Oct 2012 Real Name: Wayne Location: California Watch: Rolex, PAM Posts: 3,302	As long as there are no deep gouges in case or bracelet and due to crystal scratch 4500-4800 would seem about right as it is due a service soon as well. Sent from my iPhone using Tapatalk

15 June 2016, 06:35 PM	#14
henry333 "TRF" Member Join Date: Jan 2013 Real Name: Hendricks Location: USA Watch: 116600 Posts: 826	From the two photo it doesn't look that bad.. A polish and a good cleaning will do

15 June 2016, 07:23 PM	#16
Sal_UKSheffield "TRF" Member Join Date: Dec 2014 Location: UK Posts: 1,284	Emkwan i follow your youtube channel! Show us a pic of your OP and your AP... Big fan!!

15 June 2016, 07:47 PM	#17
mapalfa "TRF" Member Join Date: Jan 2016 Real Name: Robin Location: West Wales Watch: ing the grass grow Posts: 571	Doesn't look bad to me either. Get the price down a bit and give it a good bath. If you're really bothered by the "gunk" then you can pick up a cheap ultrasonic cleaner for next to nothing and give the bracelet the full-on spa treatment. As above, save the polish and crystal replacement until it goes into RSC.

15 June 2016, 08:00 PM	#18
S.C "TRF" Member Join Date: Nov 2015 Real Name: S.C Location: Dubai Watch: DD 40 Posts: 156	If you travel to the Uk Emkwan from Abu Dhabi you can get tax back. My parents live in Dubai so I use there card to get tax back when I buy my watches in Dublin. Got a brand new sub date for 22,000 dirhams.

15 June 2016, 09:02 PM	#19
Gaijin 2024 ROLEX DATEJUST41 Pledge Member Join Date: Feb 2007 Location: Japan Watch: ing your back. Posts: 16,179	I'd get the price a bit down like, ok not a bit but at least 500 or more to make this doable. Needs a complete service in my opinion.

15 June 2016, 09:07 PM	#20
Cru Jones 2024 SubLV41 Pledge Member Join Date: Mar 2010 Location: Paris, France Posts: 35,255	doesn't look bad at all.... anyway, knock a couple hundred off, buy it, send it for a service and enjoy the "new" watch.

15 June 2016, 09:24 PM	#22
Jacobson "TRF" Member Join Date: Nov 2010 Location: USA, UK, UAE Posts: 670	@EMKWAN. Go and see Mr Hiren at Mashoom jewellers (Gold Souk). He usually has some great prices

15 June 2016, 09:26 PM	#23
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,368	I don't like marks on the crystal, usually means the owner didn't care about the watch at all, I've had that before and that always jarred with me, so I'd pass and save all the hassle.

15 June 2016, 09:55 PM	#28
1William 2024 SubLV41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 47,610	Seems like a lot of work and time away from a new purchase to save a little money. You can find a good example that is not in this rough condition. I would pass and go find a better example. It will also save you a lot of personal time.

15 June 2016, 10:15 PM	#29
CHOSEN1 "TRF" Member Join Date: Jun 2016 Location: space Posts: 510	pass

15 June 2016, 10:43 PM	#30
cab56 "TRF" Member Join Date: Feb 2015 Real Name: Chris Location: Canada Watch: many! Posts: 1,134	My rule for buying used items (expensive cars, expensive watches) is to assume that two (2) repairs will be needed and to adjust my offering price accordingly. If no repairs are need, my cost was a good price. If they are both needed, then my total cost was a fair price with no regrets. As as I got older (and I had less time/interest for "the hunt" and "small to medium" amounts of money mattered less), I simply asked myself "will XXXX dollars matter to me next year? Will I even remember?" For this GMT, the cost (purchase plus RSC service) is too close to the going price for nice GMTs. I would look for a nice GMT with proof of service and not bother with this watch.

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