Rolex 2001 no paperwork/box but insurance valuation
Discussion
Im considering buying a rolex but it doesnt have paperwork or box but has the insurance valuation, its a 16700 model - is this a good idea for the right price?
I can assume over those years people can lose the paperwork or on another angle is it fake due to this although I will be going through it with a fine toothcomb.
I can assume over those years people can lose the paperwork or on another angle is it fake due to this although I will be going through it with a fine toothcomb.
As above really.
B&P is nice to have, but there are a LOT of fake boxes and papers out there.
A lot of people who have one watch will chuck boxes out as they are bulky and pretty useless if you keep the watch it houses on your wrist 24/7. Why keep papers when the warranty expired getting on for 16 years ago?
I would be more interested in seeing and willing to pay a premium for recent service history any day.
B&P is nice to have, but there are a LOT of fake boxes and papers out there.
A lot of people who have one watch will chuck boxes out as they are bulky and pretty useless if you keep the watch it houses on your wrist 24/7. Why keep papers when the warranty expired getting on for 16 years ago?
I would be more interested in seeing and willing to pay a premium for recent service history any day.
My view
Insurance valuation means diddly squat - I got 3 with a past purchase depending on what value I needed v cost of adding to home insurance
I would suggest to buyer that sale is dependent on a Rolex service and split cost 50/50
Can you ask Rolex for a certificate of authenticity whilst service is done? What do they charge if so?
Insurance valuation means diddly squat - I got 3 with a past purchase depending on what value I needed v cost of adding to home insurance
I would suggest to buyer that sale is dependent on a Rolex service and split cost 50/50
Can you ask Rolex for a certificate of authenticity whilst service is done? What do they charge if so?
I sold my GMT 2 (1998) early last year, at the time they were advertised between £5k and £6k.
I was offered (trade buy) £3.5k, I sold it via SOR (small dealership) they sold it for £5k (I think) and returned me £4k.
They told me, if it didn't have all the boxes, tags etc - it would be worth min £500..perhaps £1k.
Prices since then seem to have jumped to £7k to £8k
I was offered (trade buy) £3.5k, I sold it via SOR (small dealership) they sold it for £5k (I think) and returned me £4k.
They told me, if it didn't have all the boxes, tags etc - it would be worth min £500..perhaps £1k.
Prices since then seem to have jumped to £7k to £8k
briniuk said:
Im considering buying a rolex but it doesnt have paperwork or box but has the insurance valuation, its a 16700 model - is this a good idea for the right price?
I can assume over those years people can lose the paperwork or on another angle is it fake due to this although I will be going through it with a fine toothcomb.
Given you're asking questions about boxes & paperwork, what makes you think you have the expertise to identify a fake? Are you going to take the back off?I can assume over those years people can lose the paperwork or on another angle is it fake due to this although I will be going through it with a fine toothcomb.
Adam B said:
My view
Insurance valuation means diddly squat - I got 3 with a past purchase depending on what value I needed v cost of adding to home insurance
I would suggest to buyer that sale is dependent on a Rolex service and split cost 50/50
Can you ask Rolex for a certificate of authenticity whilst service is done? What do they charge if so?
Had mine serviced two years ago and it cost around £450. Took about 5 weeks. Insurance valuation means diddly squat - I got 3 with a past purchase depending on what value I needed v cost of adding to home insurance
I would suggest to buyer that sale is dependent on a Rolex service and split cost 50/50
Can you ask Rolex for a certificate of authenticity whilst service is done? What do they charge if so?
The good thing is Rolex won't service it if it's not the real thing.
You also get it polished back to "as new" condition", a years warranty and a nice box.
55palfers said:
Had mine serviced two years ago and it cost around £450. Took about 5 weeks.
The good thing is Rolex won't service it if it's not the real thing.
You also get it polished back to "as new" condition", a years warranty and a nice box.
Yes but I know all that as I have one. But some sort of CoA would save the same hassle if the OP sells on, hence my question .The good thing is Rolex won't service it if it's not the real thing.
You also get it polished back to "as new" condition", a years warranty and a nice box.
Adam B said:
55palfers said:
Had mine serviced two years ago and it cost around £450. Took about 5 weeks.
The good thing is Rolex won't service it if it's not the real thing.
You also get it polished back to "as new" condition", a years warranty and a nice box.
Yes but I know all that as I have one. But some sort of CoA would save the same hassle if the OP sells on, hence my question .The good thing is Rolex won't service it if it's not the real thing.
You also get it polished back to "as new" condition", a years warranty and a nice box.
briniuk said:
Im considering buying a rolex but it doesnt have paperwork or box but has the insurance valuation, its a 16700 model - is this a good idea for the right price?
I can assume over those years people can lose the paperwork or on another angle is it fake due to this although I will be going through it with a fine toothcomb.
There are many reasons for not having a box and papers - it doesn't mean it's a fake. I lost boxes and papers for 3 watches when I was burgled a few years ago (for example). The watches were in a safe and not stolen.I can assume over those years people can lose the paperwork or on another angle is it fake due to this although I will be going through it with a fine toothcomb.
It should be reflected in the price and secondly you may find it hard to sell in the future.
I don't buy watches with selling them in mind, so it wouldn't trouble me as long as it was authenticated.
ETA - You should definitely have it authenticated by a dealer... there are a lot of fakes around and an insurance valuation means nothing. I have my watches insured, but the insurance company have never asked to see the watches or any receipts, so the insurance thing means nothing.
Edited by NDA on Sunday 19th August 15:06
Some of the fakes are good enough to fool even experienced jewellers, so an insurance valuation from one is worthless.
There are ways to spot a good fake, and they are obvious once they are pointed out. Easy to miss unless you know what to look for.
I have one which was passed off to the trade as the real thing. The buyer only became aware when they sent it off for a service at a non-Rolex repair centre. This was a guy in the trade, who has been dealing in "high-end" watches for many years. He had opened it up and checked the movement. He lost out big time, to the tune of several thousand pounds.
I bought it from him out of curiosity for peanuts, and it looked pretty convincing - apart from the balance. It had the normal regulating lever, rather than the Microstella regulating screws that Rolex use. Everything else looked right inside the case, although the calibre number was in the wrong place by about 1mm (slightly obscured by a bridge).
On the outside, the serial number between the lugs was different to that engraved on the rehaut. Just one digit different, a 6 swapped for an 8, IIRC.
There are ways to spot a good fake, and they are obvious once they are pointed out. Easy to miss unless you know what to look for.
I have one which was passed off to the trade as the real thing. The buyer only became aware when they sent it off for a service at a non-Rolex repair centre. This was a guy in the trade, who has been dealing in "high-end" watches for many years. He had opened it up and checked the movement. He lost out big time, to the tune of several thousand pounds.
I bought it from him out of curiosity for peanuts, and it looked pretty convincing - apart from the balance. It had the normal regulating lever, rather than the Microstella regulating screws that Rolex use. Everything else looked right inside the case, although the calibre number was in the wrong place by about 1mm (slightly obscured by a bridge).
On the outside, the serial number between the lugs was different to that engraved on the rehaut. Just one digit different, a 6 swapped for an 8, IIRC.
I'm fairly certain they don't give out certificates of authenticity.
You could walk into Rolex St James's and ask them to replace the bezel insert for £50 quid or whatever it is these days. (ISTR paying £35 a couple of years ago for a new insert for a 16710.)
Obviously they'll only replace the bezel on a genuine watch.
The receipt they give you for this will act as a certificate of authenticity.
You could walk into Rolex St James's and ask them to replace the bezel insert for £50 quid or whatever it is these days. (ISTR paying £35 a couple of years ago for a new insert for a 16710.)
Obviously they'll only replace the bezel on a genuine watch.
The receipt they give you for this will act as a certificate of authenticity.
Jollyclub said:
I'm fairly certain they don't give out certificates of authenticity.
You could walk into Rolex St James's and ask them to replace the bezel insert for £50 quid or whatever it is these days. (ISTR paying £35 a couple of years ago for a new insert for a 16710.)
Obviously they'll only replace the bezel on a genuine watch.
The receipt they give you for this will act as a certificate of authenticity.
You could walk into Rolex St James's and ask them to replace the bezel insert for £50 quid or whatever it is these days. (ISTR paying £35 a couple of years ago for a new insert for a 16710.)
Obviously they'll only replace the bezel on a genuine watch.
The receipt they give you for this will act as a certificate of authenticity.
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