Birth year purchase

[clew84]

Hi,

I am considering looking for a 1971 Rolex Sub (not the red - can't quite do that) and was wondering what I should expect to pay, any questions I should ask a seller (if I ever find one), and any other points you might have. For some reason the idea of buying a Sub from my birth year appeals to me.

And if money were no object, I would find a 1971 DRSD and call it a day!!

Thanks,
Chris

[1000ftSub]

Good Question, it really all depends on what condition the watch is in, if it comes with the papers, box, etc. I really wish i could give you a ball park figure on how much it may cost. Sorry i could not be more help

[clew84]

Originally Posted by 1000ftSub

Good Question, it really all depends on what condition the watch is in, if it comes with the papers, box, etc. I really wish i could give you a ball park figure on how much it may cost. Sorry i could not be more help

Those are fair points - the question was pretty broad. Let's say that it is in good condition but not great, has box and papers but may or may not have service record. I don't have one in mind but just trying to get a ballpark. Assume I am buying it to keep and occasionally wear - it does not have to be in heirloom quality condition. Again, a little vague I know and I will be doing some research but thought I would throw it out to you guys as well.

[Damage Inc.]

A wild (& as such probably not too accurate) guess...~$4k+ depending on many factors.

And then you should also consider what it may cost to have it serviced!

[springer]

A 1971 Submariner, model 5513, with box, papers, and booklets will set you back about $8000 on up for average condition, and five figures on up in excellent condition. A watch only, with an original band and dial in decent condition, would be on the north end of $5000. If you find one for less, and it is in great condition, so much the better for you.

It is very hard to find early 1970's Submariners with the complete package.

The good news is - if you purchase one in very good condition - it can only appreciate in value. Paying a little more now usually brings extra dividends later.

Attached are pics of my 1972 vintage 5513, minus the box.

[sakuraba]

Vintage subs with with all the goodies are hard to find. Good luck on your search.

BTW, nice 5513, John.

[Some Pair]

...nicey nice 5513 Springer!

[harryc]

jealous, i wish i had everything for my 5513

[springer]

Originally Posted by Some Pair

...nicey nice 5513 Springer!

Thanks gentlemen. They are out there, but the prices aren't coming down any.

[mike]

Originally Posted by springer

A 1971 Submariner, model 5513, with box, papers, and booklets will set you back about $8000 on up for average condition, and five figures on up in excellent condition. A watch only, with an original band and dial in decent condition, would be on the north end of $5000. If you find one for less, and it is in great condition, so much the better for you.

It is very hard to find early 1970's Submariners with the complete package.

The good news is - if you purchase one in very good condition - it can only appreciate in value. Paying a little more now usually brings extra dividends later.

Attached are pics of my 1972 vintage 5513, minus the box.

:thumb sup:

[springer]

Originally Posted by Cpalms

I have to disagree, the vintage rolex market, like many markets went parabolic through 2007. Since, it has been nothing but down as far as I can tell. I think the prices quoted above are aspirational at best. Frankly, I think there are deals to be had.

This link is to all the 5513's sold at the last Antiquorum auction in NYC in Sept (the next one is tmrw coincidently)...scroll down and remember there is a 20% buyers premium tacked on to the closed sale prices.

http://beta.antiquorum.com/catalog/2...=0&grading=any

There is always buyers for quality merchandise. Yeah, the market tanked, prices are down, but you still "get what you pay for." None of the watches you noted are complete with accessories and most are close to the prices I noted - selling from $4500 to $6,000. Thanks for your input cpalms.

[springer]

Originally Posted by Cpalms

first you said:



Then you said:



I don't understand what you are talking about? can you explain please...

Prices are down from the highs from a couple years ago. Buy quality and you won't look back. It should do well when the market fully recovers. Buy what you like and enjoy. Thanks for your interest.

[Damage Inc.]

Get up on the wrong side of the bed Cpalms?
John's a good guy...let it be. You two disagree on this point, no need for personal attacks.

[springer]

Originally Posted by Cpalms

Oh wait, now I understand, you (Springer) sell vintage Rolexes. Your posts are all over the for sale forum. You have HUGE conflict of interest and it directly benefits your business if prices are artificially elevated. In the stock market this is called pump and dump!!

the moderators should act accordingly....

Quite the contrary, I have sold two vintage Rolexes here, both were GMT's and neither was advertised for sale on the forum - but were purchased by forum members. And, by the way, nobody put a gun to their head before they pulled the trigger and purchased.

I wish I had some magical wand and could inflate prices, but thanks for your confidence in me.

[greekbum]

cpalms share with us your vintage collection and if you care tell us where you think prices are going etc.Are you a buyer? A seller? A collector? or an armchair quarterback? We are all here for our love of vintage Rolex. Springer is a good guy and if you know more than us please share your knowledge. I think prices got stretched and are back to reality.The plastic Daytonas,DRSD, and a few others are way down but than again how did they get so high to begin with.The under 5k are holding strong IMHO

[Some Pair]

Sure CPalms, you or anyone may come along a deal or "steal one" at a real low price sometimes.
It happens in most any market. Homes, Classic Auto's & Rolex too!

Anybody who knows anything on these pieces knows that certain 5513's bring a premium, and some are "Frankenwatch's".

I can say that "Springer" has been a straight shooter and valued contributor for the 1.5 years I've been reading on this esteemed forum.

"Hey CPalms, show us what ROLEX piece(s) that you've pained over to clue us in. Thank you in advance"....

[deserted]

Ok!

[springer]

Originally Posted by Cpalms

Springer, you have a vested interest in the vintage market, regardless of how large or small, you still do. Either you honestly have no idea about the market or you are deliberately dispensing exaggerated price information. Either way your posts about prices are completely suspect.

http://rolexforums.com/search.php?searchid=1767993

Well, if you look at the thread, the only vintage watch listed is a 1982 Datejust and it is still for sale. I also sold two vintage boxes from all those posts. The rest is still here if anyone is interested.

[Lol-x]

Originally Posted by Cpalms

Oh wait, now I understand, you (Springer) sell vintage Rolexes. Your posts are all over the for sale forum. You have HUGE conflict of interest and it directly benefits your business if prices are artificially elevated. In the stock market this is called pump and dump!!

the moderators should act accordingly....

Originally Posted by Cpalms

In other words, you can't explain the BS you are spewing all over this board...

You better just act in a civil manner, because at the moment I'm viewing this as trolling, and accusing John (Springer) of pumping up the market and then dumping is just inflammatory and without justification. Where's he sold the watch that he's pumped up? The fact is he aint done that.

You have now been officially warned to cool off.

[greekbum]

Its good that you analyze trends.I have traded for a living since I was 21.Owning a vintage Rolex doesnt mean you have a vested interest in the vintage market.I own more than I can count at the moment and if I went in my backyard and threw them all in the water it wouldn't change my lifestyle.Most of us bought a watch to tell the time and we wanted a good watch.I dont know anybody that bought a watch with anything other than discretionary money.

[springer]

Originally Posted by Some Pair

Sure CPalms, you or anyone may come along a deal or "steal one" at a real low price sometimes.
It happens in most any market. Homes, Classic Auto's & Rolex too!

Anybody who knows anything on these pieces knows that certain 5513's bring a premium, and some are "Frankenwatch's".

I can say that "Springer" has been a straight shooter and valued contributor for the 1.5 years I've been reading on this esteemed forum.

"Hey CPalms, show us what ROLEX piece(s) that you've pained over to clue us in. Thank you in advance"....

Thanks Rick.

[mike]

Originally Posted by Cpalms

Like I said boys, I call them like I see them. No apologizes necessary ;)

Sadly I do too. Take six.

You were asked to cool it. This has become a personal attack on another member (I don't care who it is).

But, it should be noted in the examples you cite a service is recommended at the buyer's expense. I've always factored that into the overall cost of a given reference.

Auction results can, and have been, all over the place.

In the past pieces have gone for much less than the accepted value of the collecting community and on other occasions much more.

It's always interesting.

[greekbum]

I think the vintage market is made up of buyers and sellers.The buyers pick the price point they wish to pay and the sellers choose the price point they want to sell for.There is no MSRP in vintage watches and no 2 watches are alike.Since you have stated you dont own any vintage Rolex you must either be in the market and trying to talk down prices to buy a watch or you are an expert on price trends.If so please keep us posted on all the auction results etc and help make the vintage section more informed on recent price action.

[mike]

Originally Posted by Cpalms

Exactly. That is why we should work here as a community to get that price discovery necessary to reduce those surprises come purchase time or be able to recognize when you truly have a value on your hands. Therefore when egregiously bad information is dispensed (and others members including you the moderator back him up), a poster clearly going against the grain shouldn't be penalized for calling out another's error (i'll just call it an error, perhaps it's not pump and dump). Thanks for the six!

I'm sorry you feel that way. The value of anything is in the eye of the beholder. You are certainly entitled to your opinion as are others.

Perhaps this particular forum isn't for you.

[TonyD]

Wow. Everyone is cranky this week.

Back on topic.... I have always had a goal of getting a birth year watch. I was born in 1970. Harold (Lowflight) had an awesome Omega Moon Speedy from 1970 for sale a month or so ago. I am kicking myself for not buying it then.

Some day I am also planning to buy a 1970 Chevy Monte Carlo since that was also the car my father had.

Quick story. My father had the first year Monte Carlo, a 1970 model bought in late 1969. 350 motor with dual quad carbs. Dark green with a black vinyl top. My mom was driving it home one night and was the first car in a 20 car accident on the Mass turnpike. She was fine. The doctors came to tell her that she was ok and that they had also determined why she was sick in the mornings! It was me! I was in a car accident as a tiny baby. They had to use the insurance money from that car to buy a family car for the incoming baby.

[Welshwatchman]

Originally Posted by Cpalms

the moderators should act accordingly....

... and so the herd was trimmed.

[tudorman8276]

...as usual, John...a BEAUTIFUL watch!!!