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Vintage Rolex Submariner Dive Watch for sale - Final sale price over $66,000

3.6K views 36 replies 11 participants last post by  BigTime738  
#1 ·
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This is AN AWESOME READ - http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120652944121

Read the story and all the way down to the question and answers. Expand (read more) to see all the questions.

What a cool auction.

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[align=center]VINTAGE ROLEX SUBMARINER DIVE WATCH[/align] [align=left]This is a one-owner watch, purchased by me at the Navy Exchange on Kwajalein Atoll in 1958. It has served me well, but Father Time having caught up with me, I no longer dive. For the last several years it has been sitting in a dresser drawer, and now it's time for somebody else to take itover.[/align] [align=left]I've been wearing the watch the last week or so, and it keeps good time. Cosmetically, it has a few issues. The crystal bears some obvious scratches; the hands are no longer bright and shiny, and the number indicators are a touch yellowed. I can't vouch for its water-tightness.[/align] [align=left]It seems to me that with a trip to the nearest Rolex service establishment it might be restored to its original beauty. I haven't done it because now that I'm in my ninth decade, I'm downsizing and need to unload a lot of what are really just souvenirs. So here's your chance to pick up a rare iconic timepiece.
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[/align][align=left]The successful bidder should contact me by phone when bidding is concluded. I will email my phone number to the winner at the conclusion of the auction. Also, I will pay shipping and insurance. [/align]Many of you have inquired regarding the history of the watch. It's intertwined with my personal history, of course, and at the risk of being very boring, I'll recount it. I was drafted out of my residency training in 1957, and assigned to the U.S. Navy (2 1/2 of the best years I ever spent in my life) I went through the Aviation Medical training program at Pensacola, became a navalflight surgeon and selected The Naval Station on Kwajalein Atoll in the Marshall Islands as my duty station. We did a lot of scuba diving there, and I bought myself a dive watch at theNavy Exchange. That watch is the present one under discussion, and I paid $70.00 for it. I wore it almost exclusively for the next decade, throughout my neurosurgical residency. I went into private practice in Waco, Texas in 1964, and I practiced for 35 years, finally retiring in 1998. I wore the watch intermittently during that time. I suppose I wore it for an aggregate total of four or five weeks a year. In 1980-1990 I did a lot of scuba diving in the Bahamas, and since this was the only dive watch I ever had, I used it a lot. This to me was just a comfortable old watch of which I was very fond. For the last few years, it has been sitting in a drawer, and since we are downsizing, I thought I might sell it andget $50 or $100 for it. I didn't have a clue regarding the actual value of the piece, and it's a real shock to find it to be a very valuable and desirable item.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120652944121 for more to read
 
#2 ·
#5 ·
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This is one crazy auction! I too noticed the 31-61k leap in bidding, not sure what the rationale there was?!
If you read the FAQs on the sale, one person brought up the fact that this same guy who is seemingly so clueless about watches sold a 70's Omega for over 3 grand in 2009. I'm a cynic at heart though... if you take it all at face value its a delightful story and I wish him all the best!
 
#9 ·
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mushypeas wrote:
This thing is gonna go nuclear in the last few minutes... I bet it'll go for $84,500. Anyone else care to hazard a guess?!?! :)
I just made sure I logged off, I could not afford a mistake. I would not hazard a guess. My opinion it's already $30,500 over priced. Don't look now but the price in now $31, 011
 
#10 ·
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I didn't realize it was that easy to simply retract bids on eBay, it seems to have happened a lot on this item! It ain't over yet though. Despite its age and history this watch doesn't really do much for me personally, but it sure seems to have a following out there.
 
#11 ·
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mushypeas wrote:
I didn't realize it was that easy to simply retract bids on eBay, it seems to have happened a lot on this item! It ain't over yet though. Despite its age and history this watch doesn't really do much for me personally, but it sure seems to have a following out there.
Same bidder bid $31K & $61K outbidding themselves $30K, why I made sure I was logged off e-bay
 
#12 ·
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It is super rare and a collectible. The value is relative to the demand of people who want it obviously.

What probably happened is that the one bidder has a high amount in at 60K - someone else drove it up, which kept putting him in the lead. Then they pulled out and it dropped back to his last highest bid.