Very interesting Vintage Sub On Ebay

[panerai153]

Saw this post over on another genuine forum, clicked on the auction, and read the story. It's really intersting, and a stunning example of and early big crown Submariner. The watch is a one owner, being sold by and elderly gentleman (in his 90's) who bought it at a Navy Exchange in the South Pacific in 1958.

Read the story, look at the photos, but by all means drop down and read ALL the plantive appeals to end the auction early. Just shows you what stories some of the "Collectors" can concoct.It's pretty obvious just from looking at the starting price (9.95 USD) and the shipping (4.95 USPS Priority in a flat rate box!) that this old gentleman had no earthly idea what he has.

Here is the Link Vintage Submariner Dive Watch

[lhooq]

Now I have the phone numbers of three guys with a lot of cash lying around! Hmm... Should I go with water filtration, chimney repair, or good ol' advance-fee letter fraud?

Great story, and I hope the guy gets a fair price for the Sub. If Mulholland wins, I wonder what sort of mark-up we'll see when it goes on sale next week?

[freddy333]

Very interesting & also interesting that it caught mulholland's eye. I hope it turns out to be as good (& gen) as it looks in the seller's less-than-revealing pics.

[panerai153]

The seller is in Texas,Mulholland is in Florida.He probably hoped a direct flight to GBI in Houston, went out and looked over the watch himself! I believe I would if I was paying north of 60k for a watch.

i wouldn't be surprised if Steve kept this one around for a while in his private collection. Even the high end stuff is stil a little depressed,so holding on to it for a while until the economy improves may be his plan, but if The Euro implodes like it's looking, i wouldn't want to be holding a lot of high dollar stuff. Remember what happened to the exotic car market back in the 1990's when the Japanese economy crashed. A lot of folks got left holding the bag to the tune of millions of dollars when the (ex) super wealthy buyers quit bidding!

[Ronin]

I agree the comments/questions make for an equally interesting read.

I wonder if we should have a BET as to what it sells for.

[alligoat]

Pretty amazing, 5 days and it's up to $61K! I guess it's a 6538.... but the guy give no description...

[Dizzy]

Awesome!! I wonder what its gunna get up to???

Steve M witll prob buy it or Rolex will buy it. A watch with history like this one is worth a lot.

[highoeyazmuhudee]

its mind boggling that something made out of metal and plastic is worth so much, when something else isnt.

craziness, the intrinsic value man puts on something

[JoJo35]

The watch is a one owner, being sold by and elderly gentleman (in his 90's) who bought it at a Navy Exchange in the South Pacific in 1958.

...Just shows you what stories some of the "Collectors" can concoct. It's pretty obvious just from looking at the starting price (9.95 USD) and the shipping (4.95 USPS Priority in a flat rate box!) that this old gentleman had no earthly idea what he has.

Here is the Link Vintage Submariner Dive Watch

Thanks for the heads up regarding the messages attached to the auction. A dealer outright lied in a message to this senior seller. I think it's an outright disgrace, and in my opinion is no different than knocking down an old lady and stealing her purse. This certainly has made me lose any respect I had for this dealer. Thanks again for posting the link.

JJ

[panerai153]

Thanks for the heads up regarding the messages attached to the auction. I personally know one particular dealer who outright lied in a message to this senior seller. I think it's an outright disgrace, and in my opinion is no different than knocking down an old lady and stealing her purse. This certainly has made me lose any respect I had for this dealer. Thanks again for posting the link.

JJ

I actually saw the link on the Rolex Forum, went to Ebay and read the auction. I thought it was pretty interesting, as it was and older gentleman who was the original owner, and basically treated the watch as all of us who bought Rolex watches back in the 50's and 60's did. It was a watch,period! Bought to be worn every day under every conceivable condition. only after I went back and started reading the comments did my anger boil over. I thought some of those pleas to end the auction were out and out despicable attempts by dealers, who all DAMN well knew what the watch was worth, to cheat and old guy out of a valuable watch. But you didn't see any of them offering to buy at 60-70k, they were all trying to steal the watch. It is pretty evident that he caught on real fast, because some of his comments were pretty terse.

It will be interesting to see how this one plays out. I would bet the last few minutes of this auction are going to be real interesting.

[JoeyB]

He paid $70 for it at the Navy Exchange in 1958 and was hoping to get $50 out of it! It's over $61,000, someone offered $80,000 to end the auction now. I hope the good doctor gets 6 figures. 

[Stephane]

[Justasgood]

I made an offer of his original purchase price and a New Quartz diver........fingers crossed

[sneed12]

I posted this story on another forum that I frequent... it motivated one of the guys on that forum to go dig in HIS sock drawer, and he produced this nice 5513:

[Justasgood]

um, that's a 5512. Probably from Mary back when they made 1:1 replicas.

Does it have a slow beat 2846 in it?

Pearl is off too.....and the endlinks are wrong. Rehaut is a bit wokky as well.

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I am kidding of course. Maybe I should start wearing socks.

[freddy333]

[Nanuq]

um, that's a 5512. Probably from Mary back when they made 1:1 replicas.

Does it have a slow beat 2846 in it?

Pearl is off too.....and the endlinks are wrong. Rehaut is a bit wokky as well.

Hey, I personally don't like how the word ROLEX is spelled backwards on the left side in the second picture.

[Justasgood]

Hey, I personally don't like how the word ROLEX is spelled backwards on the left side in the second picture.

Damn 'Nuq, eyes like an eagle. Another detail that screams FAKE!

[Dizzy]

I looked in my sock drawer and found....

.32 cents and some paper clips.

[theblueprince]

Nice that he's gonna get some good $ out of it after not having a clue. Although having been a doctor for 50 odd years i'm sure he's not hard up! Not sure why people on forums are saying the watch has amazing history etc? OK, it's good that he's the original owner but as far as i can see it's a simple case of guy in Navy buys a diving watch, wears it to go diving and for general use over the years and is now selling it. Pretty boring and straight forward really.

Edited December 4, 2010 by TheBluePrince

[JoJo35]

Damn, just bid 62k but got outbid

[Nanuq]

Heck, I don't have $62k in Monopoly money.

Hey I wonder if he would take some CrazySaleCash?!

[JoJo35]

I like it, but this is getting close to four line territory

[JoJo35]

ok, going for 63k

[JoJo35]

WooHoo! TOP BIDDER! big crown here we come