Rolex Submariner Valuation
Discussion
Can anyone help with an approx valuation of a friends Submariner.
He had it valued for insurance purposes by an official Rolex dealer in Edinburgh.
They valued it it's replacement value of approx £5500. I feel this is far too low.
The watch is a non date version between 30 - 40 years old. It is in immaculate
original condition. He inherited from his father and has intention of ever selling.
Many thanks in advance.
He had it valued for insurance purposes by an official Rolex dealer in Edinburgh.
They valued it it's replacement value of approx £5500. I feel this is far too low.
The watch is a non date version between 30 - 40 years old. It is in immaculate
original condition. He inherited from his father and has intention of ever selling.
Many thanks in advance.
That tends to be how Rolex AD's value them.
It sounds like he has either a 5512 or a 5513. The value will depend on condition, whether he has box and papers, and what type of dial it has. If you provide more detail and perhaps some pics there are chaps on here who would be able to give a good idea of value.
It sounds like he has either a 5512 or a 5513. The value will depend on condition, whether he has box and papers, and what type of dial it has. If you provide more detail and perhaps some pics there are chaps on here who would be able to give a good idea of value.
Without anymore to go on, other than it being a 30-40yr old non-date Submariner (5513), it's not possible to be definitive. Looking at watches on offer for sale, there are 19 watches on Chrono24 that fit the criteria (1971-1982 and <£5k).
http://www.chrono24.com/en/search/index.htm?dosear...
I'd say that it would appear that the valuation is correct. What do you think the watch is worth if £5500 is far too low? The only way it would be worth more is if was a Milisub or a Comex issued watch. Images and further details will help.
Sorry Callum....
http://www.chrono24.com/en/search/index.htm?dosear...
I'd say that it would appear that the valuation is correct. What do you think the watch is worth if £5500 is far too low? The only way it would be worth more is if was a Milisub or a Comex issued watch. Images and further details will help.
Sorry Callum....
Thanks for the replies. The watch is not and never will be for sale, so the value is academic.
I have several high end watches including a Submariner and Seadweller of similar vintage. I have worked in the Oil and Subsea Construction industry most of my life. My friend told me that he had it valued earlier in the week and that was the value he was given. I thought that the value seemed too low. I had to have my watches valued and authenticated a few years ago for insurance purposes also and the values I was given were a lot higher, hence the query. I am not an expert by any means and have no intentions of ever selling either.
I have several high end watches including a Submariner and Seadweller of similar vintage. I have worked in the Oil and Subsea Construction industry most of my life. My friend told me that he had it valued earlier in the week and that was the value he was given. I thought that the value seemed too low. I had to have my watches valued and authenticated a few years ago for insurance purposes also and the values I was given were a lot higher, hence the query. I am not an expert by any means and have no intentions of ever selling either.
bry1975 said:
If its a Comex or mil sub the price could be £20K-£50k+
My pals collection.http://diving-watch.org/MY-COLLECTION-OF-DIVING-RO...
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