I would agree that the condition of this watch is up there - probably in the top 5% I've seen in the past few years. IMO when the condition is such, the premium should be at least 100% of an equivalent average example. If it is in the top 1% of examples the premium should be 200% or more.
Let's take as an example the auction prices of the comic book Amazing Fantasy #15 (the one featuring the first appearance of Spiderman)
Comics are rated from 1-10 where 10 is pristine.
Condition Price
4.5 $11,950
5.5 $16,759
6.5 $26,290
7.5 $52,281
8.0 $83,650
9.0 $191,200
9.6 (best) $1,100,000
That's why it is always condition, condition, condition!
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