Single Red Sub Mtrs first MK1

[scooba]

I apologise in advance if this is the wrong place to ask !.

I bought a MK1 Single Red Sub mtrs first full set two years ago. Now the guy who sold it to me would like to buy it back, I originally paid $22,500 for it . He has offered me that plus $50 for shipping.

TBH, I had always considered it a keeper but now have started thinking what could I buy next and to be fair am certain its staying , but a refund won't tempt me , The guy who sold it to me bought it form Andrew @ Shear time. I found a MK2 full set FS in the UK @ £21k marked reserved.

Any advice on current market value would be great Thx in advance

[rootbeer7]

It would appear that the high-end full-set unquestionable providence pieces are rising hugely. From RPR reports it appears that with the right piece it's a seller's market. Your collection is incredible so.......over to you

[fusionstorm]

If he's offering the same amount that you paid, then you already know he's going to flip it to someone else at a higher price.

I'll offer you $23K and my FedEx account number to ship it to me!

[AS1]

Originally Posted by fusionstorm

If he's offering the same amount that you paid, then you already know he's going to flip it to someone else at a higher price.

exactly! scooba no doubt at all that your piece has appreciated since you bought it.

[yannis]

Is it a full set you own? Can you post pics of your watch?

[scooba]

This is it , But I have also purchased a period correct 9315 bracelet as well dated 70 , http://www.sheartime.com/product/196...ner-ref-1680-2


The watch is amazing . Andrew Sold it to J for $22k , I gave J $22,500 in Oct 2014 , It owes me $23,500 with the additional bracelet.

[yannis]

Beautiful piece!!! I say keep it! :)

[scooba]

Originally Posted by yannis7777

Beautiful piece!!! I say keep it! :)

Thats my thought,

I have the guy who I bought it from asking me to sell it back , He has asked three times now, If I was to sell it ,I want all the money its worth, The idea of someone buying it and then selling it would piss me off. If it is fs I want every penny . The problem is watches like this set just don't come up often so how do you gauge its value ? .

[rootbeer7]

Originally Posted by scooba

Thats my thought,

I have the guy who I bought it from asking me to sell it back , He has asked three times now, If I was to sell it ,I want all the money its worth, The idea of someone buying it and then selling it would piss me off. If it is fs I want every penny . The problem is watches like this set just don't come up often so how do you gauge its value ? .

can you afford to keep it? then keep it, it's beautiful my friend

[tmw57]

That's one amazing watch. Rare with terrific provenance and from the best vintage Rolex dealer in the U.S.. Andrew's pieces are always superb.

It sort of irks me a bit that the guy who sold it to you didn't offer at least a few thousand more. So he gets to profit from two years of steep Rolex appreciation and you don't?!

I would not accept less than 26-27K for that watch. And unless there was a compelling reason to sell, I'd keep it..

Just my two cents. Good luck in any event..

[scooba]

I don't have to sell it,but would like to know what it's worth,I believe the saying is,it's only worth what someone will pay !

[seattleal]

Originally Posted by scooba

I don't have to sell it,but would like to know what it's worth,I believe the saying is,it's only worth what someone will pay !

Yes, but you can only find out what it's worth that way by putting it on the market, and then you are again faced with having to sell it if someone accepts your price.

I think you can read between the lines here that it's worth a lot more than you're being offered for it.

If it was my choice, unless I was really tired of it, or needed to sell it to fund something I wanted more, I would keep it.

[GB-man]

Originally Posted by scooba

I apologise in advance if this is the wrong place to ask !.

I bought a MK1 Single Red Sub mtrs first full set two years ago. Now the guy who sold it to me would like to buy it back, I originally paid $22,500 for it . He has offered me that plus $50 for shipping.

TBH, I had always considered it a keeper but now have started thinking what could I buy next and to be fair am certain its staying , but a refund won't tempt me , The guy who sold it to me bought it form Andrew @ Shear time. I found a MK2 full set FS in the UK @ £21k marked reserved.

Any advice on current market value would be great Thx in advance

Something doesn't add up as you stated you bought this watch several years ago just last year.

http://www.rolexforums.com/showthread.php?t=421441

This also stinks of a thinly veiled for sale ad which I find usual for such a tenured member but I digress.

[droptopman]

That is a beautiful and rare set you have there. As always it is worth what the market will pay. Only way to really find out is to list it for a price and see what you can get. I personally would not sell it for what you paid, as the market has increased since then. I think most of us would agree to that.

[scooba]

Originally Posted by GB-man

Something doesn't add up as you stated you bought this watch several years ago just last year.

http://www.rolexforums.com/showthread.php?t=421441

This also stinks of a thinly veiled for sale ad which I find usual for such a tenured member but I digress.

Hi Tom,

Thanks for that !, You sent me several messages by PM , you was going to make me a offer, but as you stated not purely for my entertainment , I am not here for entertainment , I just like the advice by learned members.

"Stinks of thinly veiled sales ad" , You came asking to buy the watch ! . I could sell it at least three times over if thats was my intentions . I would stick it up FS if I wanted to just sell it ,

Be under no doubt I own the watch , Is it FS ?, AS stated from the off I don't think so , It would take a massive silly offer to sell it, and I mean silly money , and as my reply to your PMs , I would ask you manage your expectations , Im trying to gauge its exact market value . I will go through my bank account and get the original transfer of funds , As you are trying to establish when I actually purchased it. Again I replied to this question acurately and honestly,but you seam to want to split hairs over the exact wording,timing of the purchase.

I can attach your PMs to remove any doubts ?.

[scooba]

For Tom aka "GB-MAN"

Transfer of funds dated 10/11/14 £13860 converted to $22500 to kk for 1680 single red

So I have now owned it in 14 -15-16 three calendar years or 20 months to be exact , What any of this has to do with my OP ?, I don't actually know,

Back to the Start what could it be worth ?, Oh and Tom it isn't FS my friend ! so please don't come asking again by PM .

What I find sad is you are trying to make out I'm up to no good ,

[scooba]

Originally Posted by droptopman

That is a beautiful and rare set you have there. As always it is worth what the market will pay. Only way to really find out is to list it for a price and see what you can get. I personally would not sell it for what you paid, as the market has increased since then. I think most of us would agree to that.

Thank You

[redfred]

Very surprised the way this thread has developed, started off by the OP requesting a simple 'whats it worth' from the great and the good and suddenly all sorts of ridiculous assumptions being made!
I would just like to say I have dealt with Paul (scooba) in the past and have known him for some time and a more genuine, honest guy you could wish to meet with a fantastic collection of beautiful watches (vintage and modern).
Paul do not sell the Red even you will struggle to find a better one and I know full well you would regret it! Good Luck in whatever you decide.

[scooba]

Originally Posted by redfred

Very surprised the way this thread has developed, started off by the OP requesting a simple 'whats it worth' from the great and the good and suddenly all sorts of ridiculous assumptions being made!
I would just like to say I have dealt with Paul (scooba) in the past and have known him for some time and a more genuine, honest guy you could wish to meet with a fantastic collection of beautiful watches (vintage and modern).
Paul do not sell the Red even you will struggle to find a better one and I know full well you would regret it! Good Luck in whatever you decide.

Hi Bob,

Thank You ,

I honestly would just appreciate a approx idea as to the value, Firstly as the previous owner keep asking would it be FS, Secondly my Wife has asked I make a list of what the items in my collection are worth should something awful happen to me, Hopefully I will be around a lot longer , Our lovely Neighbour was taken ill suddenly and he went down hill very quickly and we lost him two weeks ago , You just never know ,so shmbo suggested I list what things are worth or approx so she doesn't get ripped off when she sells my watches lol.

We have discussed my 6263 and agreed I may have paid a little ott at the time but now it may seam fair and finding such a nice example would be hard work , There are lots with damaged lume etc but the cream seams hard to find at sensible money. Taking that as a ref point I was thinking the 1680 would have at least been worth cost plus a few % pa gain.

The sort of money the 1680 could make wouldn't really interest me enough to sell it.

TBH if I sold it it would be offered to the likes of JP or someone who had previously enquired as to what would you need for it .

[redfred]

Hi Paul, Yep I am in a similiar situation to you, what I intend doing is listing everything I have with a full description including serial no.s and any relevent paperwork/boxes and just put a ballpark valuation. If anything happened to me my son wouldnt have a clue although he is aware they are worth a few quid!!
I would agree you paid a bit heavy on the 6263 at the time but I think with the price rises you are now winning. I tend to look on Chrono 24 to get a price guide.

[Zoran]

Originally Posted by scooba

I apologise in advance if this is the wrong place to ask !.

I bought a MK1 Single Red Sub mtrs first full set two years ago. Now the guy who sold it to me would like to buy it back, I originally paid $22,500 for it . He has offered me that plus $50 for shipping.

TBH, I had always considered it a keeper but now have started thinking what could I buy next and to be fair am certain its staying , but a refund won't tempt me , The guy who sold it to me bought it form Andrew @ Shear time. I found a MK2 full set FS in the UK @ £21k marked reserved.

Any advice on current market value would be great Thx in advance

I will just reply to your initial questions;
We can all be pretty sure the $22500 in today's market is low.
The condition, MK1 and full set are exceptional and difficult to find. These pieces rarely see the day of light in the FS add's and mostly get traded between collectors.
I would keep it if I was you. I would also buy it if it came up for sale.
A clear and transparent answer that most of us would give you here :thumbs:

Regarding value I would say that a MK1 full set is going to be North of 25.000€ here nowadays, in that condition.

[scooba]

Originally Posted by Zoran

I will just reply to your initial questions;
We can all be pretty sure the $22500 in today's market is low.
The condition, MK1 and full set are exceptional and difficult to find. These pieces rarely see the day of light in the FS add's and mostly get traded between collectors.
I would keep it if I was you. I would also buy it if it came up for sale.
A clear and transparent answer that most of us would give you here :thumbs:

Regarding value I would say that a MK1 full set is going to be North of 25.000€ here nowadays, in that condition.

Thank you

[GB-man]

Paul,

I made that statement on here at the high risk of being rude in order to warn other members who may also be making an offer.

A mint mk1 complete is very difficult to come by and no doubt other members have considered making you an offer as well.

I was concerned because of a combination of the discrepancy in when you stated it was acquired combined with a general lack of pictures in this thread and the former.

As you know, online fora are full of scams and one always has to approach things with some skepticism. I'm glad you appear to be vouched for and I'll assume you only made the "several years comment" after owning it for one year to mask the fact that you were trying to ascertain value increase after only 1 short year of ownership. No harm if that's the case.

As stated in our PM, I hope you decide to keep the watch. Very special piece that you may regret letting go

[scooba]

Originally Posted by GB-man

Paul,

I made that statement on here at the high risk of being rude in order to warn other members who may also be making an offer.

A mint mk1 complete is very difficult to come by and no doubt other members have considered making you an offer as well.

I was concerned because of a combination of the discrepancy in when you stated it was acquired combined with a general lack of pictures in this thread and the former.

As you know, online fora are full of scams and one always has to approach things with some skepticism. I'm glad you appear to be vouched for and I'll assume you only made the "several years comment" after owning it for one year to mask the fact that you were trying to ascertain value increase after only 1 short year of ownership. No harm if that's the case.

As stated in our PM, I hope you decide to keep the watch. Very special piece that you may regret letting go