Rolex appraisal

[Jamesw20]

Took my 1680-8 to AD for appraisal and they quoted me replacement with new 18k sub? Where can I get a legitimate appraisals the watch is worth more than new sub? Thanks

[TimeLord2]

I'm not quite understanding. Do you mean they said you should just buy a new one and never provided any kind of actual appraisal value? Also, where do you live? The other member may be able to recommend a great local place. I have a reference 1675 from about 1973 and took it to Rolex in Beverly Hills to get an estimate for service. I actually just wanted the authentication to document the watch in it's current condition. There was not much documentation. All that said, Rolex, along with their service estimate of both required and optional service options, will give you a replacement value in the event it's lost or damaged while at Rolex. That will also give you some documentation from Rolex regarding the authenticity. Actually getting it serviced there is another matter entirely and open for debate on the forum. Way open! good luck!

[Tools]

Insurance appraisals are usually for replacement cost with the equivalent model.

If you want a true market value you would need an expert that the insurance company would accept to build a justified appraisal for true value.

[TimeLord2]

Originally Posted by Tools

Insurance appraisals are usually for replacement cost with the equivalent model.

If you want a true market value you would need an expert that the insurance company would accept to build a justified appraisal for true value.

Too true! The "true value" is subjective. Rolex does not value vintage watches the way vintage enthusiasts do.

[Dan S]

A dealer will always just appraise a vintage watch at the replacement value of the current "equivalent". That's my experience as well.

Assuming this is for insurance purposes, I suggest you talk with your agent about exactly what they actually require in terms of documentation for appraised value, and what type of insurance they will provide (i.e. exactly what the claim process would involve). It's not always as simple as one might think.

[Fredrik]

Originally Posted by Tools

If you want a true market value you would need an expert that the insurance company would accept to build a justified appraisal for true value.

I use a local auction house. They are accepted by my insurance company and their appraisals are good. I pay a fixed amount plus one percent of the appraisal value for a first appraisal. Updated appraisals cost me a fixed amount. Fortunately I had my vintage Rolexes appraised before the prices skyrocketed...