The guest of Antiques Roadshow was stunned by a rare Rolex watch worth £ 38,000. | Television and radio | Show biz & TV
Roadshow Antiques fans are all over the world, and PBS viewers saw appraiser Peter Plane take a closer look at a Rolex watch a few years ago. But it was no ordinary article as it exposed how the backstory won him a mind-boggling price.
The gentleman who brought it to the show said: “I brought you my Rolex watch, which was given to me as a gift by my uncle in 1975.
“He bought it from Tiffany’s in New York. He was a doctor who had moved to the Netherlands from New York, probably in the mid-1960s.
“And right before I went to college he noticed I wasn’t wearing a watch on my wrist, so he literally took it off his wrist, gave it to me, and that’s how it is. that I acquired it. “
Peter asked, “Do you know why he chose this watch model?
“I do not. Unfortunately, he passed away a few years ago, but he’s always been one of those people who always love new things, ”the guest said.
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And the guest explained: “About 18 months to two years ago, I took it to have it serviced at a Rolex dealer. The person at the jewelry store told me that if I send it to Rolex for repair, they will remove the dial, put a new face on the watch, and then keep the old dial. And I didn’t want to do that, so I took it to another watch repair shop.
“When Rolex typically restores a watch, they like to put new parts on it,” said Peter.
“They don’t like their old parts because people use them to make counterfeit watches with them, or they can take a real dial and put it on a fake watch.
“So they don’t want these coins floating around.
“In that case, I’m glad you haven’t changed the parts of the watch. What made you think that? Because most people would like the watch to be refurbished and shiny and new.
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The guest revealed, “It was particularly interesting to me that the watch was purchased from Tiffany’s in New York, and I thought that was a really wonderful feature of the watch. And I knew if they replaced him, he wouldn’t have that, and I thought that was particularly unique.
Peter then discussed the make and model: “Your watch is a GMT Master, as you mentioned. This is one of the previous versions. I looked for the serial number of the watch, it was made around 1963, 1964.
“I would say the initial retail price was between $ 275 and $ 350.
“There is an unusual dial on it. This is an earlier model dial, we call it golden dial. It contains some features which are really very interesting. One of them is at the very bottom of the writing, there is a little line, it’s underlined. Collectors call it an underlined dial.
“Plus, it’s very unusual for you to have the Tiffany name on the dial. It’s a co-branded watch – you have the name Rolex, and you have the name Tiffany. Tiffany no longer sells Rolex watches. They were selling Rolex watches, but one day Rolex decided that they no longer wanted to print Tiffany’s name on the dials. Tiffany said: “We are a brand and we don’t want to sell anything that is not named after us.”
“So they made the corporate decision to stop selling Rolex if they couldn’t have their name on the watch. The fact that it has the Tiffany name on the dial adds to the collection of the watch.
“What do you think the watch is worth? He asked and the guest said, “I have no idea.
“I’ve taken it to various Rolex stores every now and then, and heard it all from the first time I had it fixed in the early 80’s, $ 1,200, to people who told me. said well over $ 10,000. “
“Well, your particular watch, if you got Rolex serviced it and had them replace the bezel insert here, which is all faded, and replace the dial, polish it and make it look good,” your watch, today, would probably make around $ 10,000 to $ 12,000. If you had it fixed, ”disclosed Peter.
While it impressed the guest, Peter added, “I’m so glad you didn’t get it fixed this way.
“Collectors like totally original things. They want the original dial, even with the oxidation on it, even the discolored bezel is very collectable. Today in the retail market, your watch is worth $ 50,000.
“Oh, damn it,” the owner remarked. “It’s, uh … it’s absolutely beautiful to me.”
“I think the highest amount I have ever heard was $ 30,000, which I found crazy and outrageous, but the fact that it is worth $ 50,000 surprises me.”
“If the dial had no oxidation on it and it was really a mint dial, this is a $ 100,000 watch in today’s market,” Peter said.
As for the conversion, the watch is worth £ 38,000 at the time of this article’s publication.
Antiques Roadshow is available now on BBC iPlayer.