Comex Rolex-

[Pesty]

I don't know much about Rolex other than I rather like some models. I noticed the debate about a comex model on teh wrist check thread ( seemed to get a little heated regarding valuation)

anyway this has poped up on ebay

140254731612

coments? I started a new thread as I didnt want to take the wrist check off topic. Is this the same or a different model to the one talked about?

Obviously and unfortunately not connected with this sale, just interested in the prcing of Rolex. Sadly a brand I will almost certainly never own

Edited by Pesty on Friday 22 August 21:18

[Dominic H]

Pesty said:

I don't know much about Rolex other than I rather like some models. I noticed the debate about a comex model on teh wrist check thread ( seemed to get a little heated regarding valuation)

anyway this has poped up on ebay

140254731612

coments? I started a new thread asd I didnt want to take the wrist check off topic

Sold at £55k.........

The seller also has a Rolex 5513 Military issue Submariner for sale at £55k.....

Hmmmmmm, do the pair, and what would you spend the £££'s on?

[Pesty]

What would I spend it on?
Although I rather like the watch I would not spend 56k on it but then again i'm not fully up on the history and importance of this model.

If I had over 100k to spunk on watches Id probably buy a few IWC/Breguet/Panerai/Blanpain and maybe a GO and JLC as well

but I dont collect watches for their historical merits I just buy ones I like. And lose cash on them

[mel]

The sad thing about the royal navy "issue" submariners is that were never actually issued as in given to divers they were only ever loaned and were shown on the individuals PLR (permanent loan record
) when you left the service you were expected to give the watch back and it would then be sold as military surplus, it was however fairly common for divers to become emotionally attached to their watches (you went through a lot togeather) and hence they would "lose" them when they left and accept the £60 odd "fine" for the replacement cost. Its certainly what I did and why I've still got my issue watch, just a shame I missed the rolex years by being about 5 years too late. I also knew of a stores cupboard that had dozens of the rolex and omega versions in it! Which would be nice at 50 odd K a pop!

[phumy]

Dominic H said:

Pesty said:

I don't know much about Rolex other than I rather like some models. I noticed the debate about a comex model on teh wrist check thread ( seemed to get a little heated regarding valuation)

anyway this has poped up on ebay

140254731612

coments? I started a new thread asd I didnt want to take the wrist check off topic

Sold at £55k.........

The seller also has a Rolex 5513 Military issue Submariner for sale at £55k.....

Hmmmmmm, do the pair, and what would you spend the £££'s on?

To be honest, would you sell something as prestigious as a Comex "worth" 55k on Ebay???

I think not, i would pass it through one of the high-end watch dealer/auctions. You can read about the scams daily on these forums to realise that EBay really isnt the place to sell something with this rarity.

In fact looking at the feedback given on the watch deal it seems it was a fake anyway.

[Dominic H]

phumy said:

To be honest, would you sell something as prestigious as a Comex "worth" 55k on Ebay???

I think not, i would pass it through one of the high-end watch dealer/auctions. You can read about the scams daily on these forums to realise that EBay really isnt the place to sell something with this rarity.

In fact looking at the feedback given on the watch deal it seems it was a fake anyway.

Would I sell a high ticket item on eBay? Yes, why not? Ebay is a global portal, with dealers/collectors watching 24/7. Have a look on ebay.com (US version), there are hundreds of six figure listing from bona fide sellers many finding buyers at market price. If an item is worth the asking price, it'll soon find a buyer. If not, I'm sure some sort of offer would be made.
Compare the costs of using ebay against one of the major auction houses. Ebay charge the following as a final value fee (sale fee), 7.5%of the initial £29.99 (£2.25), plus 4.5% of the initial £30.00 - £599.99 (£25.65), plus 1.9%of the remaining balance of the final selling price. Which works out to just over £1060. Compare this to an auction house who charge both a buyers fee and a sellers fee, often in the region of 15% of the hammer price (on £55k this is over £8500). Add to that a long list of catalogue/photography/insurance fees. Would I pay a 15% premium to buy an item at the market rate? No thanks.
A couple of Comex/Milisubs have found buyers on eBay Uk over the last 12 months. One included a buyer who travel to the UK from Australia to buy a 16610 Comex, without any concern.
With regard to the watch being fake, have you actually had a look at the 'buyers' feedback?
Have another look at the auction, the buyer elects to 'Buy it now' at 19:44.33 on 22nd Aug and within 30 seconds claims to have paid for the item, examined it and declared it fake. Looks like a perfectly good auction ruined by an idiot.

[phumy]

Dominic H said lots and said:

phumy said:

To be honest, would you sell something as prestigious as a Comex "worth" 55k on Ebay???

I think not, i would pass it through one of the high-end watch dealer/auctions. You can read about the scams daily on these forums to realise that EBay really isnt the place to sell something with this rarity.

In fact looking at the feedback given on the watch deal it seems it was a fake anyway.

Looks like a perfectly good auction ruined by an idiot.

My initial point exactly, the owner now has no sale and negative feedback from some dork, im afraid thats the web auction world we live in now.

The owner will find it near on impossible to remove the feedback and he is still left with a watch and no buyer. I think biting the bullet and paying what is the correct amount for sellers dues is better. At least that way he end up with a decent "wedge" in his pocket, for something that could have increased 1000% over the years of ownership if he sells through a well established auction house.

Edited by phumy on Monday 25th August 02:36

[Pesty]

so some retard spends his time winning items then does not pay for kicks.

funnily enough a freind of mine is having similar problems after selling a car on ebay. The winning bidder now wants to pay less than bid.

[cerbfan]

I'm amazed these Comex Rolex's are worth so much they are not really all that rare are they. I know loads of people with one or more of them although I do work in the industry. Are they all so valuable?

[Vipers]

cerbfan said:

I'm amazed these Comex Rolex's are worth so much they are not really all that rare are they. I know loads of people with one or more of them although I do work in the industry. Are they all so valuable?

Not sure that they are not being rare, guess there are a number in circulation, however I think what makes them so valuable is that "Comex" was only the 2nd other logo on the front of a Rolex, cant recall the first one.

Either way, silly money really, unless someone offers you silly money to buy one off you. I think if you buy one now, you would have to keep an awfull long time to make a return on it.

Couple of sites to see

http://doubleredseadweller.com/milsubuserphotos.ht...

http://www.diving-watch.net/

Log in and drool...................

Edited by Vipers on Monday 25th August 19:52

[phumy]

cerbfan said:

I'm amazed these Comex Rolex's are worth so much they are not really all that rare are they. I know loads of people with one or more of them although I do work in the industry. Are they all so valuable?

If you work in the "industry" then you should know if they were rare or not.

[mel]

Bit harsh, I took the "work in the industry" bit to mean he works either as a commercial diver or around them which would be like a formula 1 driver saying "I didn't realise these cars were that rare or valuable, I know loads of people with them" i.e. in his world they're not rare & he would indeed know loads of people with them, if however he works in the watches industry then you're right I'd expect him to know how rare they were or how few were made of each type.

In fairness I used to work as an RN Clearance Diver and was around Milsub and Omega Mil dive watches all the time, we never really took much notice of them and 9/10 times we'd actually use our own watches (the classic casio G shock was the watch of choice!) It wasn't unusual for people to have 2 or 3 milsubs laying in desk draws or things, I certainly never appreciated that they had any great value (actually in comparison to the rest of the kit we were using they were the cheap bit). I also know a fair few people with milsubs and comex's but only because they've been given them by working "in the industry" they also have no appreciation for there value. Certainly if I'd known then what I know now I'd have worked harder to aquire a milsub as my actual issue watch missed the Rolex era by a few years, but as with all things there were still plenty floating around.

Edited by mel on Tuesday 26th August 09:37

[phumy]

Not harsh at all, i took it that he works in the watch industry

[mel]

Fair enough, but looking at his profile, Occupation: Subsea Project Engineer
Region: Aberdeenshire both of these scream to me that he's a North Sea underwater man so Comex watches would be common and un appreciated. But I can see that if you thought he was a watches man why the comment would appear a little odd.

[Maxf]

Vipers said:

[ I think what makes them so valuable is that "Comex" was only the 2nd other logo on the front of a Rolex, cant recall the first one.

I think there are 'Tiffany' branded Subs around and 'Pan Am' GMTs

[Shuvi]

Maxf said:

Vipers said:

[ I think what makes them so valuable is that "Comex" was only the 2nd other logo on the front of a Rolex, cant recall the first one.

I think there are 'Tiffany' branded Subs around and 'Pan Am' GMTs

There are no Pan Am GMTs.

Any Pan Am branded Rolex will be a fake, or a, 'FrankenWatch'. Genuine but modified.

Until the Oyster case, the majority of Rolex watch dials were unbranded and the seller could put their own name on the dial. Tiffany, Cartier, Asprey, etc. These companies continued to co-brand for some years after the Oyster dials were Rolex branded, Tiffany being the last to do so.

Names on Rolex dials is a long and complicated story, but interesting.

Too add.

There are of course the, 'Desk Jockey' GMTs, these all have a white face. Juan Trippe also had Rolex bang out a version with a dif' bezel colour combo. But, never Pan Am on them.

Edited by Shuvi on Tuesday 26th August 22:17