Veteran learns watch is worth £45,000 – ‘They wanted to make house upgrades’
Antiques Roadshow: Man breaks into tears at Rolex valuation
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While it’s known that certain brands and limited edition watches a worth a substantial amount, even certain dials and cogs in what was thought to be a normal watch can be worth thousands. The Rolex GMT Master II Sea-King which was given to certain Armed Forces members, and it is now worth £45,000. A spokesperson for a former Armed Forces member shared the story of how he learnt he had one of the limited Sea-Kings watches.
With only 123 in creation, the watches were originally valued between £4,000 and £5,000 when first given to the military members.
Now, the former member is the owner of a £45,000 watch.
“It’s a completely unique situation as Rolex have never done anything like this – to have had the chance to get this watch you had to have served in the armed forces.
“They wanted to make upgrades to their house and picked us to sell on their behalf,” commented the spokesperson.
But it’s not just these ultra-rare limited editions that can sell for a mini-fortune, Luxe Watches shared the top 10 most valuable, antique watches that Brits should be looking out for.
1940s to 1970s Omegas up to £4,300
Benrus Type 2 up to £3,600
Bulova Chronographs up to £3,600
Pre-war/mid-century American wristwatches up to £3,500
Wittnauer 7004A and 235T Chronographs up to £3,350
Smiths W10 up to £1,900
Vulcan Cricket up to £1,500
Wittnauer and Elgin Skin Divers up to £1,200
1970s Seiko 6139-6022 ‘Pulsations’ Automatic Chronograph up to £1,200
1960s Seiko 5740-8000 Hi-Beat 36000 up to £800
So, just how does one make money from an old watch?
Does it work?
Check if there is any ticking sounds coming from the watch which will indicate that it’s working. Any grinding sounds will mean it’s close to the end of its usefulness.
Serial numbers can be found on the caseback, inside the mechanism or between lugs of watch and can tell the owner a lot about the watch with a bit of research.
Even the biggest brands started out as small fry in the industry, and some of the biggest brands a hundred years ago have completely died out.
It’s worth knowing the brand and maker of the watch, some to look for include Breguet, Blancpain, Patek Philippe and Vacheron Constantin.
Type and material
Is it an antique pocket watch to stem-wind or jewelled? Additionally, stainless steel, solid gold and elaborately designed watches fetch a hefty price tag.
Heavier watches have more gold and potentially other hidden features of value.
Known as provenance, an ownership record of origin, history of owners and authenticity certificates can raise the price of any watch, having the proof of manufacturer alone could add some extra zeros.
Luxe Watches said owners should not try selling their watches on their own: “Ebay is full of gambles and lacks the expert touch. A lot of people attach astronomical prices to things not worth a fraction of it, while others misvalue family heirlooms and lose a huge amount of money.”
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