Rolex Daytona - No papers

Rolex Daytona - No papers

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Irish

Original Poster:

3,991 posts

239 months

Thursday 10th April 2014
quotequote all
So folks - how much of a discount should you apply for the absence of papers? Assume if it had papers it would retain for £7,300 and is dealer verified as genuine.

yeti

10,523 posts

275 months

Thursday 10th April 2014
quotequote all
Irish said:
So folks - how much of a discount should you apply for the absence of papers? Assume if it had papers it would retain for £7,300 and is dealer verified as genuine.
If it had papers it'd be worth 6750, where does 7300 come from?

If you want to assume 7300, then just over 6 grand sounds right. 25% from papers is usual, although Daytona papers are rarely lost, never seen a modern one for sale without them!

Irish

Original Poster:

3,991 posts

239 months

Thursday 10th April 2014
quotequote all
yeti said:
If it had papers it'd be worth 6750, where does 7300 come from?

If you want to assume 7300, then just over 6 grand sounds right. 25% from papers is usual, although Daytona papers are rarely lost, never seen a modern one for sale without them!
Bi-metal - lost as criminal it was seized from not keen on handing over docs.....and I would not go looking. SOCA sale equivalent.

omegac

358 posts

219 months

Thursday 10th April 2014
quotequote all
Private or Dealer?

No one knocks 25% off for papers, even Haywood Milton, a well known dealer said a couple of hundred for papers. As for £6750 for a SS Daytona, maybe private, but not from the trade.

yeti

10,523 posts

275 months

Thursday 10th April 2014
quotequote all
omegac said:
No one knocks 25% off for papers, even Haywood Milton, a well known dealer said a couple of hundred for papers.
On what? I know of no Rolex, vintage or modern, where a watch with no papers would be worth two hundred pounds less than a watch with papers. Haywood Milton certainly knows his stuff, but the market doesn't bear out his comment.

So a bi-metal (undesirable) Daytona with no papers seized from a criminal. What age is it? No offence, but this is looking like a 5 grand watch.

michael gould

5,691 posts

241 months

Thursday 10th April 2014
quotequote all
25% is a bit heavy........it depends, if you a buying a 1974 sub then perhaps having no papers will make much difference ....but I would say 10-15% is not unreasonable......so £7000 watch becomes £6000-£6300......having it serviced by Rolex would get you some paperwork again.

omegac

358 posts

219 months

Thursday 10th April 2014
quotequote all
yeti said:
On what? I know of no Rolex, vintage or modern, where a watch with no papers would be worth two hundred pounds less than a watch with papers. Haywood Milton certainly knows his stuff, but the market doesn't bear out his comment.
I can't remember which watch was being discussed when he said that, but if say a 16610 was worth £4000 with b&p, I wouldn't expect to get it for £3000 without. Maybe 10% less at most. Once the warranty has expired, as long as I can prove authenticity, they're pretty superfluous on a modern watch.

Irish

Original Poster:

3,991 posts

239 months

Thursday 10th April 2014
quotequote all
yeti said:
On what? I know of no Rolex, vintage or modern, where a watch with no papers would be worth two hundred pounds less than a watch with papers. Haywood Milton certainly knows his stuff, but the market doesn't bear out his comment.

So a bi-metal (undesirable) Daytona with no papers seized from a criminal. What age is it? No offence, but this is looking like a 5 grand watch.
Yes, and at 5 grand I am in!

mrdemon

21,146 posts

265 months

Thursday 10th April 2014
quotequote all
Rolex box and papers seems to be worth £500 when I have looked at prices.
Def no more than that and not the 1k banded about here.

andy_s

19,400 posts

259 months

Friday 11th April 2014
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I have no idea why the papers are so important as to affect value.

Adrian W

13,871 posts

228 months

Friday 11th April 2014
quotequote all
Irish said:
yeti said:
On what? I know of no Rolex, vintage or modern, where a watch with no papers would be worth two hundred pounds less than a watch with papers. Haywood Milton certainly knows his stuff, but the market doesn't bear out his comment.

So a bi-metal (undesirable) Daytona with no papers seized from a criminal. What age is it? No offence, but this is looking like a 5 grand watch.
Yes, and at 5 grand I am in!
If you are interested in it because you like it and intent to keep it, then buy it, on the other hand if you are buying because you think it might be a good deal and intend to try and flip it don't!

I'm assuming they you are not a watch dealer, only thing worse that a Bi-Metal Daytona is one with diamonds.

yeti

10,523 posts

275 months

Friday 11th April 2014
quotequote all
mrdemon said:
Rolex box and papers seems to be worth £500 when I have looked at prices.
Def no more than that and not the 1k banded about here.
On what watch? A MilSub? A Comex? Or maybe a plexiglass Datejust?

Fact is, it's very easy to buy a watch without papers. It's a hell of a job selling it on though.

andy355

1,341 posts

238 months

Friday 11th April 2014
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What is generally meant by papers?

Original purchase receipt, warranty card, manuals?

Irish

Original Poster:

3,991 posts

239 months

Sunday 20th April 2014
quotequote all
http://m.ebay.ie/itm?itemId=141250241133

Link To the item. Too much money at this level but interesting to follow.

yeti

10,523 posts

275 months

Sunday 20th April 2014
quotequote all
andy355 said:
What is generally meant by papers?

Original purchase receipt, warranty card, manuals?
Whatever came with watch when new, it varies. Purchase receipt not required.

Zingari

904 posts

173 months

Sunday 20th April 2014
quotequote all
Bi-metal are so 1980s hence SS normally sell for more. Not my bag even at £5k

HarrySmash

459 posts

139 months

Sunday 20th April 2014
quotequote all
NeMiSiS said:
How stupid are they.

Model No.: 116523
Serial No.: Y148043
Year: 2002
Apologies and excuse my ignorance, but what have I missed?