Damaged sub-mariner

T TTG

So total $4,300. That does not sound bad for a 1680. Buyer should be able to make some $$ from it..

watchknut

Wow...so many unknowns. Not worth it in my book, and I like to gamble.

Darlinboy

That was no bargain.

T TTG

If you have the know how, a watchmaker that can re-do the movement...why not. Well that takes care of the movement issue.
Then you have the case, which appears solid based on the picture. Unlike other lugs that look like toothpicks..
As you mention "unknown," indeed. For instance, they do not mention the serial. What if this watch is dated earlier than the white dial in place, i.e., a red sub series. That is another hike in price.
The dial does not appear to be damaged based on the one picture, i.e, the white writing is in place, plots, and minute markers.
A new crystal, overhaul, as is...easily $5-6K for a quick flip, or just wear as a nice beater in the $4k range..
Not bad.

watchknut

Bas

Based on that pic, how can you say the dial is not damaged? You cannot clearly see 25-30% of it, and if there is damage, then you are looking at $1k+ for a decent dial. Red serial??? Not much value there as a red dial is $4k+. Again, too many unknowns, unless of course you handled the watch...if the buyer was on the floor then chances are it was a simple fix.

Still, at that number, best case you are at $4800-5k, and it has a toasted bracelet...so head only...probably sell for $6-7k.

A lot of work when $4.3k can buy a lot of watches that would be a simpler fix and the same of better upside.

I don't really care, as this is all hypothetical sense no one on here handled the watch, let alone bought it.

T TTG

I did not say the dial is not damaged and I explained why (based on what can be seen) - "The dial does not appear to be damaged based on the one picture, i.e, the white writing is in place, plots, and minute markers."
Your comment about the red serial $4k + is correct, so what... Red subs are bringing in over $10k, so there goes that argument.
Indeed many unknowns, I accept that. You are correct bracelet is shot but it has a clasp...There is value there.
There is value in the watch, otherwise it would not have been bidded that high..
That is the greatness of this hobby, seeing the glass half empty versus half full analogy..
I am trying to bring perspective that there is value in the watch, even selling for parts...

watchknut

Now one disagrees that there is value...most of would rather invest in another watch with less risk based on one picure.

Some upside, but not enough to get most on here to open their pocketbooks.

T TTG

I agree that most here "may" not have the knowledge.
So just trying to bring another perspective to this particular issue..

watchknut

A lot of us have the knowledge, and that is the reason that we made the statements we did.

Even though this is the Omega Forums, many of us are deep in Rolex too.

Foo2rama

I think the point is best case with repair it's not a steal. I agree the winner saw it in person and has an idea about the dial. I see the picture and it sure looks like water damage to me.

Or 2 people with no clue of repair costs got into a bidding war.

There are safer and more affordable ways to get into a sub.

Foo2rama

Looks to me that buying this watch and restoring it will cost more then buying one.

ATWG

@TTG, you bring a valid perspective. With Rolex prices at nauseatingly high levels, there is definitely value in this watch. Its certainly not for everyone, but believe me, the buyer will make money on this transaction. Why do you think junk yards exist!! Someone see value in an item that is otherwise deemed worthless only to be converted into a something usable in the future.

T TTG

Thanks, not all see it that way.
There is comfort zone for everyone and this obviously is out of many here.

watchknut

No, it is not out of a comfort zone, it is out of the "I don't want to fυck with this watch for that kind of money..." zone. For that money I consistently find better watches with far better margins and much less hassle.