Ready to purchase Presidential

[PHXSPEED]

Hello all, Im from AZ and im about to buy a watch from a very good friend. I want him to feel like i trust him (which I do) but its alot of money so im going to get some input/advice wherever i can before paying for it.

Ive been to a few rolex dealers here in the valley to try to get an idea of the current value of the watch but I know jewlers markup is quite a bit.

Please excuse me as im a bit nieve to these watches. Any help or info on how I should price/purchase this watch is greatly appreciated.

Thanks,
Lamar