freddy333 Posted December 18, 2008 Report Share Posted December 18, 2008 Click this & I could cite dozens of similar examples bucking the urban legend that suggests the vintage Rolex market has crashed. Quote Link to comment Share on other sites More sharing options...
eunomians Posted December 18, 2008 Report Share Posted December 18, 2008 The market is still strong IMO Great news for us OEM collectors but bad for those who want to gain access to the party. Quote Link to comment Share on other sites More sharing options...
Nanuq Posted December 18, 2008 Report Share Posted December 18, 2008 One man's loss is another man's gain. I smell opportunity out the wazzoo. Quote Link to comment Share on other sites More sharing options...
freddy333 Posted December 18, 2008 Author Report Share Posted December 18, 2008 One man's loss is another man's gain. I smell opportunity out the wazzoo. If you have the wazzoos, you are The Man. Quote Link to comment Share on other sites More sharing options...
freddy333 Posted December 18, 2008 Author Report Share Posted December 18, 2008 SOLD @ $4,250.00 Quote Link to comment Share on other sites More sharing options...
hiker01 Posted December 18, 2008 Report Share Posted December 18, 2008 SOLD @ $4,250.00 ROLEX 1958 OYSTER GMT-Master "First Model" Case Only. Worn by Pussy Galore in the James Bond movie "Goldfinger" - Circa: 1958 ( III.1958 ) And how is he going to prove that? Or did I miss something? Quote Link to comment Share on other sites More sharing options...
Guest avitt Posted December 18, 2008 Report Share Posted December 18, 2008 And how is he going to prove that? Or did I miss something? Hmmm...I don't know... Quote Link to comment Share on other sites More sharing options...
hiker01 Posted December 18, 2008 Report Share Posted December 18, 2008 Hmmm...I don't know... ahhhhhhhhhhhhhhhhhh! Darn it! I gotta get me dem new glasses! LOL! Quote Link to comment Share on other sites More sharing options...
Shundi Posted December 18, 2008 Report Share Posted December 18, 2008 Hmmm...I don't know... LMAO@ that pic... looks gen to me Quote Link to comment Share on other sites More sharing options...
freddy333 Posted December 18, 2008 Author Report Share Posted December 18, 2008 Hmmm...I don't know... Quote Link to comment Share on other sites More sharing options...
Dizzy Posted December 18, 2008 Report Share Posted December 18, 2008 i noticed the older 16610's were getting cheaper... closer to the $3k mark... but i cant see vintage collector pieces falling in value Quote Link to comment Share on other sites More sharing options...
marsupilami Posted December 18, 2008 Report Share Posted December 18, 2008 looks like it smells like pussy :_) Quote Link to comment Share on other sites More sharing options...
JRB Posted December 19, 2008 Report Share Posted December 19, 2008 Forgive my ignorance here, but why the heck would anybody pay that much for a mangled part, when they could get a brand new original item for similar to the same cost? I just don't understand the attraction there. Any insight from collectors or those in-the-know would be appreciated. JSA Quote Link to comment Share on other sites More sharing options...
TwoTone Posted December 19, 2008 Report Share Posted December 19, 2008 One man's loss is another man's gain. I smell opportunity out the wazzoo. . Quote Link to comment Share on other sites More sharing options...
dieselpower Posted December 19, 2008 Report Share Posted December 19, 2008 @ JRB You can't buy these any more. Quote Link to comment Share on other sites More sharing options...
Nanuq Posted December 19, 2008 Report Share Posted December 19, 2008 Buncha smart-alecks. Okay I take back the wazzoo part. Quote Link to comment Share on other sites More sharing options...
alligoat Posted December 19, 2008 Report Share Posted December 19, 2008 A couple of things here, Freddy. This a vintage piece, but it seems to me that the appeal is to the franken builders. Who would collect a case alone? I'm figuring this case will show up again as a recreated 6542. And possibily some collector may be duped into believing it 's 'all original'. That's unfortunate, IMO. I do believe the top end vintage market will probably hold up better than the market in general thru this downturn. But there will be good buying oppurtunities for the people out there that are ready to take advantage of them. Quote Link to comment Share on other sites More sharing options...
freddy333 Posted December 19, 2008 Author Report Share Posted December 19, 2008 Forgive my ignorance here, but why the heck would anybody pay that much for a mangled part, when they could get a brand new original item for similar to the same cost? I just don't understand the attraction there. Any insight from collectors or those in-the-know would be appreciated. The 6542 has been out of production for 40+ years, is highly collectible & quite valuable. Good examples of this watch frequently sell for between $50k-$100k, even in this market. Therefore, parts for these watches tend to go for top dollar as well. Recently, 2 6542 bezel inserts (in very good (but not mint) condition) went for about $2,000 & $2,500, respectively. The GMT hand, by itself, will easily bring between $700-$1,800. Even a roulette (red/black) date wheel can fetch as much as $1,600. In fact, the parts for some vintage Rolex models have become so valuable that some have been dismantling & selling perfectly good watches as parts. Buyers for these are either collectors, who are looking to replace worn parts with better parts, or modders, who are building frankens or gens out of these spares (Work in progress) Buncha smart-alecks. Okay I take back the wazzoo part. Call me paranoid, but I detect a note of insincerity here. A couple of things here, Freddy. This a vintage piece, but it seems to me that the appeal is to the franken builders. Who would collect a case alone? I'm figuring this case will show up again as a recreated 6542. And possibily some collector may be duped into believing it 's 'all original'. That's unfortunate, IMO. True, which is why, when it comes to this hobby, knowledge is power. I do believe the top end vintage market will probably hold up better than the market in general thru this downturn. But there will be good buying oppurtunities for the people out there that are ready to take advantage of them. Very definitely. Quote Link to comment Share on other sites More sharing options...
alligoat Posted December 19, 2008 Report Share Posted December 19, 2008 Wow! I didn't realize the 6542 had gotten up to $50K-100K. At that point, $4250 for a case makes sense! Quote Link to comment Share on other sites More sharing options...
JoJo35 Posted December 19, 2008 Report Share Posted December 19, 2008 ROLEX 1958 OYSTER GMT-Master "First Model" Case Only. Worn by Pussy Galore in the James Bond movie "Goldfinger" - Circa: 1958 ( III.1958 ) And how is he going to prove that? Or did I miss something? It smells like fish? Quote Link to comment Share on other sites More sharing options...
ubiquitous Posted December 21, 2008 Report Share Posted December 21, 2008 I wouldn't say the market has crashed, but a correction is definitely taking place. But not on all refs. Quote Link to comment Share on other sites More sharing options...
freddy333 Posted December 21, 2008 Author Report Share Posted December 21, 2008 My, how quickly the (vintage gen) world changes. After seeing a couple of nice 6542s fetch high dollar figures within just the past 2 weeks, this jewel failed to garner a single bid above the bar the seller set at $45k (auction closed with 0 bids) This, combined with Patrick Heiniger's abrupt resignation (for 'personal' reasons) & Rolex's recent climb onto the Big Watch bandwagon (2 years after the fad had begun to fade), has me scratching my head about the future direction of this, hitherto, iconic brand. Quote Link to comment Share on other sites More sharing options...
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