ROLEX SUBMARINER 5508 HELP

erpin9 · Oct 25, 2016

The pictures of a Rolex Submariner 5508 with gilt chapter ring dial was sent to me by watch agent. Owner swears its in all original condition. I have checked other 5508s ( of similar quality to the one offered ) for sale

on the net and prices are very inconsistent. This particular watch is offered at $20k. Is the price reasonable? Any red flag? Thanks.

watchknut · Oct 25, 2016

I researched one of these last year, and am by no means an expert, but it looks very good imo. I could be completely wrong...possibly newer lume pip?

Great looking watch.

TTG · Oct 25, 2016

With the not so great pictures looks in pristine condition. Looks all original. Excellent gilt dial/hands, bracelet, bezel..
As with due diligence, you want to pop the caseback and look at the movement and inside the CB for a model/date stamp. Also take into account service history on the price..
I would question if this particular model came with a red triangle insert or if that is even a red triangle (check to see if just rubbed off). Again, not the best picture.
As mentioned, pip looks replaced.

calalum · Oct 25, 2016

For me the price is too high in that condition.

brunik · Oct 25, 2016

IMO is a little bit pricy... but looks in good conditions for a watch that has what? 60 years?.

TTG · Oct 25, 2016

I think the two pictures do not do this watch justice. Looks like a very nice original and pronounced chamfer.
If you search available sites, the asking prices range in the $28-45K. A couple of these are polished to oblivion..
There is one other listed at $17k, head only but the case was cut about 1/8th+ in its lifetime..
Good luck !

erpin9 · Oct 25, 2016

T TTG
I think the two pictures do not do this watch justice. Looks like a very nice original and pronounced chamfer.
If you search available sites, the asking prices range in the $28-45K. A couple of these are polished to oblivion..
There is one other listed at $17k, head only but the case was cut about 1/8th+ in its lifetime..nt
Good luck !

Thanks for the comment. My watch agent told me that the acrylic glass is badly scratched but the dial is in very good condition. The case, he said, looks like it has not been polished. He is arranging for me to see the watch in person next week. By then I can take more photos of the watch including the inner case back and movement.

ulackfocus · Oct 25, 2016

My sole questions is if you have a watch agent why do you ask here? Isn't the agent paid to do all the homework? So do we get a cut of his fee?

😗 😉

watchknut · Oct 25, 2016

U ulackfocus
My sole questions is if you have a watch agent why do you ask here? Isn't the agent paid to do all the homework? So do we get a cut of his fee?

😗 😉

Maybe it is a watch picker...although an agent has a nifty sound to it.

erpin9 · Oct 25, 2016

U ulackfocus
My sole questions is if you have a watch agent why do you asked here? Isn't the agent paid to do all the homework? So do we get a cut of his fee?

😗 😉

My watch agent is also a watch dealer and his expertise is more confined to modern watches. When he encounters a vintage watch for sale, he takes photos and sends it to me. If I am interested he arranges for me to view the watch. Other than that, the sole discretion of verifying the authenticity and originality of the watch is my responsibility. This is why I seek the comment and opinion of members of the OF because I believe that there are many here who are more knowledgeable than myself. We are dealing with a lot of money here so all the help I can get from this great community is more than welcome and highly appreciated.

ulackfocus · Oct 25, 2016

watchknut
Maybe it is a watch picker...although an agent has a nifty sound to it.

"Agent" has a more expensive sound to it! 😜

erpin9
My watch agent is also a watch dealer and his expertise is more confined to modern watches. When he encounters a vintage watch for sale, he takes photos and sends it to me. If I am interested he arranges for me to view the watch. Other than that, the sole discretion of verifying the authenticity and originality of the watch is my responsibility. This is why I seek the comment and opinion of members of the OF because I believe that there are many here who are more knowledgeable than myself. We are dealing with a lot of money here so all the help I can get from this great community is more than welcome and highly appreciated.

You should have come back with "I thought you were only asking 1 question - that's 3." and dropped the mic / exited the stage. ::psy::

Faz · Oct 25, 2016

I wouldn't dare make any assessment based on those pics. A serious agent would have sent hi-res scans of the dial (full front) and many angles of the case and crown. Looks good from this angle but that's all that can be said at this point.

Cheers,

Traveler · Oct 25, 2016

You would think after all the business you have put through this bloke - it must be hundreds of thousands of $ - he could have at least got a decent camera phone by now .....

Faz · Oct 25, 2016

Traveler
You would think after all the business you have put through this bloke - it must be hundreds of thousands of $ - he could have at least got a decent camera phone by now .....

+1...Serious $$$ demands serious photos..Bare minimum.

TTG · Oct 25, 2016

At least he is getting first dibs on it, as he is given the chance to see the watch next week.
I am sure it will not disappoint..

watchknut · Oct 25, 2016

If i had this agent I would be pissed because I would be broke and constantly wanting another watch...oh wait...that is me now!

TTG · Oct 25, 2016

watchknut
If i had this agent I would be pissed because I would be broke and constantly wanting another watch...oh wait...that is me now!

Sounds like a great contact! LOL
Big Boys Toys are hard to find out there!

erpin9 · Oct 25, 2016

watchknut
If i had this agent I would be pissed because I would be broke and constantly wanting another watch...oh wait...that is me now!

Very true indeed. He has found me great watches which has cost me a bundle too. Is there a rehab center for watch addicts?

DeepBlue · Oct 25, 2016

Maybe it is time you contact a watch agent that has knowledge of vintage watches.
You spend serious money, so getting a serious watch agent seems the right thing to do.

I enjoy hunting rare pieces down by the way, the fun seems to be gone when someone else does that for you?

erpin9 · Oct 25, 2016

DeepBlue
Maybe it is time you contact a watch agent that has knowledge of vintage watches.
You spend serious money, so getting a serious watch agent seems the right thing to do.

I enjoy hunting rare pieces down by the way, the fun seems to be gone when someone else does that for you?

I live in the Philippines and there are not many dealers here of vintage watches. If you hunt in the national classified ads or local internet want ad listings, you will hardly find high end vintage watches being offered. Most of the time, sellers of, let say, known vintage Swiss brands will go to a pre-owned watch store that specializes in high end brands and offer their watches.

There is a place however, here in the city of Manila where it is sort of the clearing house for used watches. About 100 stores that deals in used watches, watch parts and watch repairs are housed in one small area. This is where most of the used modern and vintage watches are brought by sellers who want to dispose their watches quickly. This is also where I have dealers/agents that knows exactly what I am looking for. If they call about a certain watch which I don't like, I pass it on to my other watch collecting buddies.

There are also a lot of foreign buyers from Hong Kong, Thailand, Malaysia, Australia, etc.. that hangs around in the area and compete in buying watches with the local shop owners. Many great watches have passed thru this place. Stories and pictures from the old time shop owners about rare watches that they bought and sold before can really get you excited or saddened because you missed out on a nice opportunity.

ROLEX SUBMARINER 5508 HELP

erpin9

watchknut

TTG

calalum

brunik

TTG

erpin9

ulackfocus

watchknut

erpin9

ulackfocus

Faz

Traveler

Faz

TTG

watchknut

TTG

erpin9

DeepBlue

erpin9

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