Rather expensive watch

[jmb]

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 August 23, 2015 by jmb

[droptopman]

Lol, "we entertain all offers".

[Nanuq]

I made an offer, hope he accepts "Ken's Left Nut"! I'll post photos if I win. Of the watch.

[Sub007]

Looking at the wear this has been someones daily beater once....1.1 million OMG that is crazy 

[jmb]

I made an offer, hope he accepts "Ken's Left Nut"! I'll post photos if I win. Of the watch.

I'm glad you clarified that! 

[swift7777]

Madness.

[freddy333]

Considering that watch originally retailed for less than $250 & frequently went for half that (often as a 'sweetener' to close the sale on another Rolex), that is quite a return on investment. You just cannot lose on vintage Rolex or Patek.

[danielv2000]

I guess John Mayer passed on this one so it's being offered to the plebs!

[ubiquitous]

Ehhh... Bob Maron. I would pass too!

[JoeyB]

So, freddy sold his watch...

[freddy333]

Never.....or, maybe just once.

[Revere]

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 August 24, 2015 by CarlosFFF
clarification

[tienbang]

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.  

[StormTooper4]

That's Bonkers

[508-Fanatic]

I am pretty sure they had an article on this @Hodinkee where Rolex and many experts could not verify the authenticity of this RCO and Maron still snatched it up...because....Maron.

[panda06]

just put that price to be number one in the research list...

free advertising

[gasebah]

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 August 27, 2015 by gasebah
Typos.

[508-Fanatic]

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

[gasebah]

 

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. :-)