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Rather expensive watch


jmb

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I saw this on fleabay this morning and 'bout fell outa my chair, don't ever remember seeing a BIN price this high B4!  If somebody has a pile-o-cash laying around, and decides they have to have it, please post up some pics after you get it!

http://www.ebay.com/itm/ROLEX-VINTAGE-DAYTONA-6263-BLACK-PAUL-NEWMAN-RCO-DIAL-STEEL-1969/201291047476?

Edited by jmb
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My numbers here might not be right, but from a quick google search I think they are:

I think this watch (famous RCO 6263, thought to be one of a kind so I think it's the same one?) sold for $1,089,106 USD in Nov 2013. Today, that money has a buying power of $1,115,747.41 USD. 

If this watch sells for the asking price, that means it will have yielded a profit of about $34,252 USD! Minus cost of insured shipping, of course...

All in all, a 3% ROI does not seem so good for such an ultra high risk investment. Maybe Bob Maron is thinking the Daytona bubble isn't doing so well.... ;)

with a little more googling it looks like there may be more examples of RCO 6263s out there, so maybe Bob is fetching a nicer profit than I think!!

Edited by CarlosFFF
clarification
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My numbers here might not be right, but from a quick google search I think they are:

I think this watch (famous RCO 6263, thought to be one of a kind so I think it's the same one?) sold for $1,089,106 USD in Nov 2013. Today, that money has a buying power of $1,115,747.41 USD. 

If this watch sells for the asking price, that means it will have yielded a profit of about $34,252 USD! Minus cost of insured shipping, of course...

All in all, a 3% ROI does not seem so good for such an ultra high risk investment. Maybe Bob Maron is thinking the Daytona bubble isn't doing so well.... ;)

with a little more googling it looks like there may be more examples of RCO 6263s out there, so maybe Bob is fetching a nicer profit than I think!!

I have never sold anything over a $1,000 USD on ebay before but I'm assuming there's still that 10% ebay fee tacked on to each sale so that ROI goes all the way to zero and then some.  

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How about all RWG Members put their money together and we pass it around like a moving cup. Everyone can wear it for a month or so, and then it is passed over to the next guy.

Edited by gasebah
Typos.
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That sounds like a good idea except for all the bodily fluids that would be on it... ;-)

LOL....that one took a while to settle in. :-)

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