Explorer II Ref.1655 w/ new service dial hands case

[thresholdstudios]

I have been offered privately a Explorer II Ref.1655 that has been completely overhauled by Rolex in 2016. When I say completely, I mean completely: case. dial, hands, crystal, bracelet are all new service parts from Rolex. There are no traces of previous ownership externally. I am in a quandry about buying it as it looks "too new". The owner is asking £10K which I think is too much or am I mad not take up the offer of a "as new" vintage piece? I'm thinking that £6K is about right for this piece as it has absolutely no patina. The service papers are with the watch.

I would appreciate some advice.

Cheers.

[actionkwj]

That's a vintage design but not a vintage watch. Have no idea how you would value that outside of straight parts value and even that is relative - how difficult would it be to part and sell it all? In other words how liquid is such a purchase?

Interesting topic and will look forward to comments from those more knowledgeable

[AS1]

Should be in vintage forum but for whatever it's worth I just don't see any reason to plunk down thousands of pounds for this piece... it's sort of a meaningless piece at this point in my view. I would save your money and put it towards a truer 1655.

[janice&fred]

Originally Posted by AS1

Should be in vintage forum but for whatever it's worth I just don't see any reason to plunk down thousands of pounds for this piece... it's sort of a meaningless piece at this point in my view. I would save your money and put it towards a truer 1655.

i agree to a point. i'm a stickler for "as-found" original pieces and am not at all attracted to overly restored watches but the watch described by the OP is indeed worth "thousands of pounds". of course i don't feel it's value should approach an all original example but it's far from "meaningless" since it is made up of factory produced parts installed by rolex service. a quick recollection of all those "watchco" seamaster 300's assembled with original factory parts shows that watches of this configuration do indeed command good value. there would be many buyers for the 1655 the OP mentioned, as it's just a matter of price and lots of people wouldn't mind a factory fresh 1655 whether we like it or not, tho naturally in the vintage section of this forum most of us would balk at the notion

[rootbeer7]

Originally Posted by janice&fred

i agree to a point. i'm a stickler for "as-found" original pieces and am not at all attracted to overly restored watches but the watch described by the OP is indeed worth "thousands of pounds". of course i don't feel it's value should approach an all original example but it's far from "meaningless" since it is made up of factory produced parts installed by rolex service. a quick recollection of all those "watchco" seamaster 300's assembled with original factory parts shows that watches of this configuration do indeed command good value. there would be many buyers for the 1655 the OP mentioned, as it's just a matter of price and lots of people wouldn't mind a factory fresh 1655 whether we like it or not, tho naturally in the vintage section of this forum most of us would balk at the notion

I agree, plus most of us here are WIS but in the real world you'd have a genuine everyday timepiece that would attract many only interested in the vintage look. I wouldn't pay £10k though.

[thresholdstudios]

Thank you for your repsonses so far. I'm in a real quandry about this one. A "new" Ref.1655 is an appealing idea. Would I buy a vintage Jag E-type, fully restored? Sure I would. Would I prefer an unrestored car with genuine patina? (most probably). Vintage watches are a little different though aren't they, where "patina is king" and nothing else will do. It's all down to price I guess as it's only worth what someone is prepare to pay. I'm afraid an offer of £6K might insult him though. Don't think I would pay more. What do you guys think? I think my money would be better spent on a 5513 Sub but I've always been attracted to the 1655's "non-confirmist" appeal. (this is a guy who likes Bristol Cars!)


Cheers.
Steve.

[bubbaK]

If you like the piece and wanna enjoy wearing it, buy it!

If you wanna flip it and make a buck, pass.

[thresholdstudios]

Never say never but I'm not at all interested in flipping it and I know it wouldn't be valued as highly as an "original" but the more I think about it, the more I like the idea that I can put my own stamp on it - it is unique in the sense that it is (movement aside) brand new. It's just weird to see a watch of this vintage in this condition to be honest - dare I say it but it almost looks fake (I know it isn't as I have seen the official Rolex service papers). The 1655 has been a 'grail' piece for a very long time so I'm very torn about whether I should pull the trigger on it.

Cheers
Steve.

[Navy Sailor]

A 1655 that doesn't look its age just doesn't seem right to me.

[crowncollection]

I would pass

[Gina Marie]

Value imho is between 7 to 8 k usd. I think someone is selling a service dial hand and bezel right now for 3k. Movement is 1500 at most. Replacement case.....well you can see the value on the service receipt.....

[RGAmos]

It would indeed be interesting to know what Rolex charged for the restoration. This cost would serve as a reference for actual value today.

[rootbeer7]

Further to my last post (Mick P my wife feels the same way about my 'knackered' 1665), I'd show your friend this thread and explain why you're offering £6k.

[ar.parask13]

Steve,

If you are looking for excuses to get it you will find a million!
Trust me I have been there.
Point is you are sinking some money in it. Would you be able to get it back if you sold it?
I know you said you are not going to flip it, this is a keeper etc etc!
Out of curiosity how many of us have said this and flipped a piece afterwards? I know I have done it and not just once!


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[Al1969]

Welcome aboard. Post some pics.