$100,000 Rolex GMT From 1958 Restored!

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Joined
Nov 15, 2005
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Greenville, SC: USA
damn.... that is just too much for me to comprehend...... I spent 5 hours disassembling and assembling a Sig P239 yesterday and it was once again a real learning experience trying to figure out all the parts and how they go (had help from the internet) and that is not even a drop of water in a 55 gallon drum to what that guy is doing. I wonder how much he is charging the owner.... I'd say at least 10K?
 
Joined
Jan 2, 2005
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Northern Illinois
When I was in Vietnam back in 1970, you could buy a stainless steel Rolex from the PX for about $150. I think that the stateside retail price then was about $600 for the same watch. I wasn't sure whether to buy the Rolex or buy a good camera and I ended up buying a new Pentax camera for about the same $150. That camera long ago went into the trash can and I wish now that I had bought the Rolex instead. It probably would be worth enough, if I had kept it well, to buy myself a nice additional motorcycle with the proceeds.
 

pyth0n

Buckeye
Joined
Sep 11, 2007
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1,347
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Florida
damn.... that is just too much for me to comprehend...... I spent 5 hours disassembling and assembling a Sig P239 yesterday and it was once again a real learning experience trying to figure out all the parts and how they go (had help from the internet) and that is not even a drop of water in a 55 gallon drum to what that guy is doing. I wonder how much he is charging the owner.... I'd say at least 10K?
I have a Wittnauer Chronograph I needed cleaning & every quote was for $800. Of course any parts needed would cost more. The value of the watch runs from $3K to $5K. So cleaning alone for this $100K Rolex would surely be costly. Ten K is probably about right.

P.S.
Now I understand why.
 
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Joined
Dec 3, 2021
Messages
644
Location
Georgia
Thanks for sharing this, that was very interesting. I have a 1982 vintage stainless and gold 3/4 size. Had it serviced and cleaned back in 2014 just after I retired from my full time job. For some reason I quite waring it and it's been in the gun safe ever since, I even saved the box and all the paper work. If I remember correctly it was $1,500.00 for the service back then and I can see why it was, what an ordeal of tiny parts. I've thought about selling my time piece a time or two, if it was worth what that is I'd be putting it in the wind for sure.

Rolex 1 IMG_1212.jpg

Rolex 4 IMG_1216.jpg
 

KIR

Sparks, NV
Joined
Mar 2, 2022
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1,603
Decades ago, I took a vacation, took off my watch and spent most of it in a hammock in the back yard listening to ball games, reading and drinking iced tea. Since '71 I have been wearing an MIA bracelet and did not really like wearing a watch on my other wrist. I figured there are enough people who wear watches, I could always ask them or clocks on the walls somewhere (except in casinos where I worked for almost 30 years.) While Rolex seems to be the ultimate in watches, I never liked their logo or anyone else's on the watch face. I was once given a Seiko and it seemed subtle to me. It had no numerals, roman or otherwise, just the name in small letters above the center point and of course a window for day and date. It has a silver metal band. I use to like black suede bands, but the sweat made them wear out within several months. Finally, if one wants the time, just look at your cell phone. It appears to have everything anyone would want on it. I find them interesting in that they made them smaller and smaller and then all of a sudden they started making them larger. Presumably to watch videos.
 
Joined
Nov 5, 2007
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Dallas, TX
Wow! Just watched the whole video. He really does make it look easy.

There is another guy on YouTube that restores older watches. Both guys are fun to watch.

I have a Victorinox watch. It much be about 15 years old. I can appreciate what this guy is saying about the patina on a well worn watch.
 
Joined
Apr 3, 2012
Messages
5,534
I love watching that guy. He explains everything so well and has a real appreciation for watches.

Rolexes are funny, to us they are the ultimate. To watch guys they are not that special. Unless its a really rare one like that one.

I squirell away a little money here and there. Originally it was for a Rolex for my self. Emptied out the fund to buy my wife a diamond tennis bracelet. Built it up a little more and bought an M1A for myself. I really talked myself out of a Rolex. They just aren't practical and aren't even great at keeping time.

I bought this Citizen's Eco drive instead. It is Solar powered. Should run 20 years, so $10 a year.
IMG_5105.jpeg


You could buy one every two years, and still save money over just having the Rolex serviced!
 

RSIno1

Hunter
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Sep 17, 2013
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Southern California
the last Rolex (the only Rolex) I ever owned was ten dollars, brought back from Mexico. It lasted two weeks. Should've sent it to this guy.
That was a Lorex. I've got a pretty good knock off Daytona I swapped a brick of 22LR for during the big ammo shortage.
My everyday is a Tag Heuer Formula 1.
 

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RC44Mag

Buckeye
Joined
Jul 18, 2022
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Long Island
Great vid, love seeing these old watches find new lives. Like the analogy of finding a barn Ferrari because it's true. There are still gems out there to be found. I was always into quality watches but mainly just Rolex and Omega. Wanted a Rolex Submariner for as long as I can remember. In 2008 it was time, got myself a new Sub 14060M Its the no date model and an improved version of the Bond Sub wore in the early episodes. Paid a shade over 5K for it and it appreciated about double in value since which is fine by me because I wouldn't mind if it didn't appreciate. We'll likely never see them go up like they have the last 50 years. still love seeing them though. A couple years ago on the Road Show a Vietnam Era Vet who bought one while overseas and was worth a huge bundle of Ben Franklins. Now I just need a Speedmaster and I'll be set watch wise, well maybe thrown in a Stainless Daytona.
 
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Joined
Nov 30, 2016
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Midlothian, Va.
I have the Oyster Perpetual Datejust, it was my 25 year anniversary gift from work (9 years ago), wear it almost every day and it's due for a good cleaning and maybe some buffing on the band for my upcoming retirement. Keeps great time just have to wear it everyday to keep it wound or give it a good shake every morning. Don't think I would have ever bought it for myself but I wasn't going to turn it down or bury it in my dresser like most of my coworkers did. Of course I kept the box and all my paperwork, lessons learned from this forum and watching antiques road show.
 
Joined
Dec 9, 2013
Messages
225
Great video, that Antique Roadshow video was pretty amazing also.
Never worked on the Rolex but used to rebuild and repair Bulova Accutron's. Still have some in my collection, a few being 18k and 14k gold. It was a fun hobby until I lost vision in my right eye. Depth perception is a must with the tiny parts in these watches. Still tinker in the winter by the fireplace. Just don't do it as a business anymore.
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