Man auctions rare Rolex with no idea of its value

[sdchew]

Thought some of you folks might have an interest in this story

http://www.hodinkee.com/blog/2010/12...y-listing.html

[voltshin]

is this the watch they talking about?
Vintage Rolex Submariner Dive Watch - eBay (item 120652944121 end time Dec-05-10 19:30:56 PST)

[Ivanloh]

This watch is no joke.

[P88]

This is an amazing story! Imagine, sitting on a gold mine thinking its a dump site. Wonder any karang guni in Singapore encountered a similar situation....does not have to be a Rolex watch. ;-)

[Darkangel]

Ok...time to dig out the junk in my house!




Maybe I will find a daytona somewhere?

[Ivanloh]

Ok...time to dig out the junk in my house!




Maybe I will find a daytona somewhere?

sell me cheap cheap then.

[seiko.citizen]

chuck it up on ebay $9.95 bid, and see if you can replicate the bidding bonanza.

[KuchingKu]

Not all the vintage collectors believe the story. Some think it is a novel way of attracting attention to sell this Grail off at a high price. But, no doubt a nice watch.
Next up, maybe a comex found in a junkyard selling for 9.99.

[sdchew]

is this the watch they talking about?
Vintage Rolex Submariner Dive Watch - eBay (item 120652944121 end time Dec-05-10 19:30:56 PST)

Yupe that's the one. Looks like the dude got a nice retirement gift. Was talking to a friend of mine whose Dad had a Rolex back in the 60s. He's trying to find it now. Thou he suspects his Mum probably has it and is keeping it for sentimental reasons.

[P88]

Junk for one, antique for another. How many keep stamps when you were young? Who knows, it may be worth a fortune now. ;-)

[voltshin]

he's looking to sell 50-100 bucks to have some spare cash. now he's 60k richer.
maybe i should go dig out my dad's rolex. also around 40-50 years. he bought it when he's 19 and now he's 60+

[m33pok]

can anyone enlighten me on this...why is the price of the watch so expensive? those people pay so much because of_______

[sdchew]

can anyone enlighten me on this...why is the price of the watch so expensive? those people pay so much because of_______

Good question and sorry but I have no idea either. Not too sure whether anyone else could add to this?

[KuchingKu]

can anyone enlighten me on this...why is the price of the watch so expensive? those people pay so much because of_______

They can afford and want to own something of the past.

Same as picassos, but also same as green spot bottles. Some valued at millions, some cents. As valuable as what others are willing to pay.

[sdchew]

Some additional information about the watch

http://www.wristwatchreview.com/2010...bid-was-60000/