I don’t think that’s an MK3 insert, more like a kissing 40 from what I can see which would be an MK1.
Pics aren’t the best.
Not going to happen, offered 4K base on you all’s suggestions and he says d for that amount he will just keep it.
$4k is an insult....there is value in that watch.
The information was laid out for you. The dial alone would be worth $3-4K. The bracelet, with correct clasp, easily worth another $1-1.5k. Case another $1k and lastly, the aforementioned MK1 insert another $1k. And I’m not even including any value on the movement.
parts alone are worth more.
In this condition is worth close the 10/11k
Even like this, once a proper service is perfomed it would be a great watch for that price especially with that case.
Since they are very very hard to find, it might take a wile and a big chunk of money to find the proper dial.
Btw, this is a 5512 close in serial to that watch with a great case and the right dial, which i think should be for this watch as well.
https://www.chrono24.com/rolex/submariner-5512-4-lines-chapter-ring-exclamation-mark--id12695082.htm
If i were you (and of course if the wallet agree) i would go back to the gentleman and offer 10k which would be a fair price for both
Everyone has a different opinion, but I would never pay $10k for that watch. It will never be correct. And the condition of case, insert, and bracelet is less than good. The dial might be nice, but it's the wrong dial. And given the condition of the crystal, you can't really even tell if the dial is good. You can't expect to sell a watch for top dollar under those conditions.
The value in parts may well be $6k-$7k if you are a good seller with a reputation and you can get top dollar. It could take a lot of time and effort to sell everything off, and don't forget eBay and PP fees. If you are selling a broken parts watch, I don't think you can expect to get full-blown retail, and I don't think $4k was an insulting offer. I'm not looking for an argument, just expressing my own opinion.
We are all expressing our educated opinion 😉
I said 10k because i remenber seeing from known dealer (info disclosed) a couple of 5512 not this old, not with pointed crown guard (but in similar condition) and most important with and incorrect dial (when the right one would have been a chapter gilt) at price between 9 to 11k.
So i personally think that this watch right now can be worth around 9+1k for the service, total 10.
Sure thing, it will take a lot of time, research and money to find all the proper part and i don't know if he is looking to resell it.
Thanks gentlemen, your enlightening professional opinions really make me feel better.
Everyone has a different opinion, but I would never pay $10k for that watch. It will never be correct. And the condition of case, insert, and bracelet is less than good. The dial might be nice, but it's the wrong dial. And given the condition of the crystal, you can't really even tell if the dial is good. You can't expect to sell a watch for top dollar under those conditions.
The value in parts may well be $6k-$7k if you are a good seller with a reputation and you can get top dollar. It could take a lot of time and effort to sell everything off, and don't forget eBay and PP fees. It's one thing to list hypothetical prices for parts, it's quite another thing to take the risk and actually sell them.
If you are selling a broken parts watch, I don't think you can expect to get full-blown retail, and I don't think $4k was an insulting offer. I'm not looking for an argument, just expressing my own opinion.
