Rolex without papers

[insurance_jon]

Assuming I know the watches provenance, how much would a 2012 Rolex gold with black face and bezel gmt master 2 be worth. It without papers but has the original purchase receipt

The watch is from a friend and The price he has offered is substantially cheaper than I can find for ones with papers. Watch will be kept for a few years, not to resell. Just want to know if I'm buying at a fair price

Edited by insurance_jon on Thursday 14th January 22:40

[insurance_jon]

I know for certain it's not stolen. He's just lost the papers. We insured when he bought it, he just has more watches than he needs.

[insurance_jon]

desolate said:

It's a difficult one as it's a private sale. I would say about 2/3rds of the sticker price average of a few dealers. Maybe a touch less.
Edited to add - if I knew and trusted the seller and intend to keep the watch the lack of papers wouldn't bother me in the slightest.

Edited by desolate on Thursday 14th January 23:14

That's pretty much what he's suggesting. So we are in the right ball park

[insurance_jon]

Well I took the plunge and picked it up this morning. 2008 GMT master 2 gold