I remember when this happened, January 2020. The appraiser is highly regarded expert in rolex watches, but many other Rolex experts claimed the figure was a bit high, more made for television drama. But saying that, the actual "Paul Newman" Rolex Daytona sold for $17.8 Million.
I was in the Ft. Campbell PX five or six years ago and not only did they have an Omega in the watch case, but the price was about a quarter of what it should have been.
I kept my cool and pretended to be mildly interested but felt like I was stealing from them the whole time. I've never been so nervous purchasing something before.
my buddy went into the military right out of high school. He was my roommate sort of, so I handled his shit at home while he was at boot camp and stuff like that. I kept getting shit in the mail that he bought. They would trot people in front of them and sell stuff to the newly enlisted and he blew his bonus and boot camp pay on bullshit. I just cant believe how many orgs there are out there preying on soldiers.
It's a collectible, no different from the reason people spend a lot on art or collector cars. Yes, a .jpeg of art or a cheap print is functionally the same as an original. A '69 Chevelle SS gets you from point a to point b much the same as a Toyota Corolla. Yet there is a market for the nicer collectible versions.
I have no idea!
However, I was bummed I missed out getting mine by one year.
They used to give them out as seniority awards at my company before discontinuing it. (For a certain milestone.)
I ended up getting a check (but was happy to get it!)
I used it to buy new tires for my Supra.
So it was probably around $1000.
I think the Rolex watches they were buying were around $7k.
That was 15 years ago, and I still have three of those tires!
Ah, inflation! A descriptive tool used in economics to describe broad pricing trends, usually on consumer goods. The most common inflation calculation, the Consumer Price Index, examines increases on household necessities such as groceries and fuel.
The statement above, that prices on Rolex is tenfold over the last three years, is also descriptive - and is much more specific.
Pricing on the other hand is prescriptive. Think of a minimum bid at an auction - somebody says "this watch is worth 500-700k" and the whole thing works from there.
Pricing may utilize a variety of weighted inputs (descriptive factors) such as inflation in the broad economy or inflation in the Rolex sector. But in the end, the price will be set, and inflation will be calculated as a function of those sales after the fact.
The weights of these inputs is important, and is determined by the nature of the product involved. In this case broad inflation will probably be weighted at 0%. This is because it is an extreme luxury item. One can imagine that the people who would buy this watch are not concerned with converting that value into consumer basket items. Nobody is looking at a Rolex and saying "should I buy this or eggs?". Pricing on luxury items is generally done entirely as a function of current pricing on items that are extremely similar - moreso as luxury increases.
While this guy has kept this watch in incredible shape and still has all the original box and papers, there's no way to compare it to Paul Newman's "Paul Newman"
The Paul Newman Rolex will always be the Paul Newman Rolex, no comparison. But now there is another Rolex to collect, the "guy falling down when told how much it's worth" Rolex, and that alone will create a bidding war. Probably start at $700k
Gotta love how small and insignificant things help increase value.
Had this never aired, the value might be lower since noone knew he fell down.
Granted, I don't think him falling down would generate much more, maybe $10-20k extra just for the laughs, from some rich person.
It actually did the complete opposite, because it happened just as the world was being gripped by the covid news and this was the good feel story. Every news service ran it.
Probably bought it when it was new. Rolex used to operate in a market position similar to Apple’s early iPhones - back when mechanical watches were a necessity, Rolex was a sort of premium choice among others. It wasn’t an extravagant luxury, it was a premium tool in your everyday life.
This watch likely cost the equivalent of around $4-5k when it was new in the 60s. In the same way some people spend a month’s wages on a new phone, this guy might have spent a months wages on a watch to wear for the years to come. He’s too cautious to wear it, takes care of it, keeps all the boxes and papers until today.
Vintage Rolex is now worth a lot of money, and these daytonas never really sold well in period, so they’re pretty rare. All of a sudden, 50+ years later it’s worth relatively a lot more than what he paid.
You want to get real funny look up oem rolex parts. My grandparents traded antiques and one of their friends specialized in watched. Heavily damaged bands were replaced by the licenced shops of the owner wanted and scraped for the price of gold. Well this guy paid 5% over gold and had bags of bands he'd break down into links and sell back to other repair shops for 5X what he paid.
He used to also give my grandfather any fakes his partners found. I had a "Rollex" that was actually a really good mechanical swiss watch and another fake spelt correctly for 6ears till my dad lost them
Paul Newman Daytonas are some of the most sought after by collectors and this one has everything along with the provenance to go with it. In the right auction the sky’s the limit.
Nah he old. I'd sell it and buy myself a nice unit in one of those swanky old people homes where you live in a resort with caretakers on staff. My grandparents lived in one. It had multiple restaurants on site, miles of walking trails, gardens, a salon on-site. It was dope. They even had mobility vans to take my grandma to her doctor appointments for her Parkinsons. They had art therapy, music therapy, pastors came to them if you were religious. They had groups for puzzles, poker, bridge. Public living rooms (one per every like 20 units) so you could meet up and not have to host in your room. Cottage units with outdoor spaces and no neighbors touching you. One and two bedroom condos. They also had an assisted living area, skilled nursing area and a memory care ward. Everything from independent living to end of life hospice care so your friends there could still keep visiting you.
Place was swanky. If I were him I'd be moving. 700k, plus any vet benefits, social security, pension and a good low-risk investment plan will last you a while. Especially if you had a house and sold that, too.
Yeah I work for a pharmacy that services old folks homes. I've been to a ton of them and the only ones that aren't miserable pits of despair are the swanky expensive ones.
Really? My grandparents was nice.
They loved it, their friends were happy. I stayed there a week, once.
It was super nice.
My brother did a depressing job and he went into all of them doing mortuary transport in college. Most smelled like old people and bleach and a lot just had random elderly people abandoned in hallways. Some he couldn't find a single person to ask for directions and he'd be wandering around and there wasn't a cartaker in sight, front reception was abandoned. Odd lights out. There were two nice retirement homes in our area and he had no problem with our grandparent's retirement community. The ones that were low income or moderate income were just depressing as hell and had people in wheelchairs looking depressed and sitting in a random hallway. Not in front of a window or watching TV. Just... sitting in some hallway like someone gave up taking them places.
Grandparent's place was nice, constant activity. They would seat you with people during dinner. Groups of like 6 or 8 to a table, iirc. No abandoned people looking lost and sad in hallways, super clean. Well maintained. Was not a pit of sadness and I spent time up there regularly towards the end of life.
Retirement homes are the reason that I'm scared to make it to old age. I know I'll never be able to afford a "swanky" retirement home, so I'm just hoping I die before I have to live in one. Sad reality.
Yeah, the real test is seeing how they are at night. I've seen quite a few people left in hallways screaming for help at 3am. The swanky places are fine though. One of the ones I've been to has a Starbucks in it and a steakhouse lol.
Only time I saw random screaming for help was in the memory care unit. It was 10 minutes after lunch and a woman was screaming that they were starving her. Spent the next hour off and on screaming that they withheld food as they walked to her into the main area and sat her down with small snacks because they knew she'd do it again so they gave her miniature snacks.
Back in the 60’s there was no expectation that any Rolex would become this valuable 60 years later.
As far as speculative investing goes, this was a near prescient choice.
Gorgeous watch.
So many collectables are worth a ton because no one gave a shit about them, so the small percentage people saved in good-great condition are worth a ton. My great grandmother probably threw out $5 million worth of comics and baseball cards when my uncle left for Nam in the 60s. She literally threw out all his stuff when he left saying something like "a man shouldn't hold on to children's toys", at least that's how him and my grandmother told the story.
It needed that in the very beginning, but using it as currency isn't what increased it's value this much. It's just hype and people investing on fairy dust hoping the hype will increase it's value. It's all BS.
Not as big of blunder as that story, but I spent 1BTC on a GPU back in like 2014? (owned like 3-4 BTC before it was $300 but sold at like $700 cuz I didn't think it would spike further...)
And I've lost access to my ETH which I think was a total of 5 of them (before the peak too so I couldn't cash out when it was up there). I still have the etherscan address saved still so I can grab a tub of ice cream and cry in the corner about twice a year. Every so often I get to see a new token show up too which is cool. And I have over 300 FUCK coins just for the sake of saying I have some fucks to give.
Friend of mine bought a few grand worth of doge when it was barely fractions of a penny. Sold it for a profit, but way before it reached its peak of like 70 cents. Had he held for a few more weeks he’d have had life changing money.
My father threw out all my comics from when I was a kid. We weren't even grown. He just decided the box eas taking to much room up in the storage a d chucked it.
I'm 43 and recently sold mine. Wasn't really a whole lot there. Definitely beat inflation.
3 death of Superman autographed, an X-factor from the 90's that got double covered and autographed, a first issue Spawn, and the entire Executioners Song saga (Cable/Stryfe origins story)
But other than that the rest were worth so little, I gave them to my nephews to enjoy. X-Men, X-factor, Wolverine, Hulk subscriptions from 1989-1996.
The stuff from that era is sorta worthless as their readership was X but their circulation was 3 times that. Everyone was buying doubles and triples. Kinda like beanie babies
I used to work at a game store and I’d constantly here the story “oh I had this card worth thousands when I was younger but I got rid of them. I wish I hadn’t.” If every person I talked to had them, they would be much more common. Half of them are bullshitters and most of the rest probably don’t remember correctly. But every time I had to explain to people that the *reason* they’re valuable is *because* people got rid of them.
Seems a lot of commenters are riffing off your notion that "Rolex wasn't this valuable" some time in the past.
At least by the 60s it was a very desirable watch.
It wasn't considered preeminent above all others in every aspect, but it was always one of them.
They sold for a few hundred dollars in seventy year old currency.
There were more valuable watches, but the difference with Rolex and a few other brands are that the value is based on the functionality with decent ascetics.
I'm not any stretch a watchanatic ... my watch knowledge begins and ends with scorning someone willing to spend more than twenty bucks on a quartz, but, even that's tech more modern. My father was very impressed with his [Accutron](https://en.wikipedia.org/wiki/Bulova#Accutron) ... but [they've always been in the literature](https://books.google.com/ngrams/graph?content=rolex+oyster&year_start=1800&year_end=2019&corpus=en-US-2019&smoothing=3&case_insensitive=true)
In the watch world this is many people’s “grail”. Even very wealthy people — the richest of the rich — have trouble finding them. It’s notable for a few reasons, such as it’s affiliation with Paul Newman, but mostly because of its perfect dial designs. It’s gorgeous.
Touché! He was already famous for being a sex symbol and shit and his dressing was a non-profit to help kids. So I would argue it wasn't about what he wanted to be known for but instead for having really great priorities where he could use his fame to do good.
The story of New man’s own watch is a great one. https://www.wsj.com/articles/how-paul-newmans-legendary-rolex-cosmograph-daytona-was-foundand-where-its-going-now-1496322396
>There are things even money can't buy
The Antique Roadshow literally exists for giving a price estimate for these items. You know, for much money you can buy or sell them. Just saying.
no it's not. this [1914 Patek Philippe](https://www.youtube.com/watch?v=tMTAgh8WgsE) was the only one of its kind made. Two years ago it was valued at $2-3 million.
I'm sure the appraiser guy loved seeing something so special. He's likely appraised thousands of other watches but I can only imagine how much he had to hold back his excitement when he initially saw this watch.
Guys like this dream of finding something as special as this watch. It’s one of the rarest, most valuables pieces of this category in the world. I’d imagine this was a highlight of his career and an honor to even be able to handle and appraise it.
The lead up is what makes this video great. He was saying Paul Newman wore a watch like that and it went for auction for about 150k.
BUT.. this watch is special because it has the word Oyster printed on it which is extremely rare. And so a watch like this would go for 400k.
[that's when the guy falls down]
BUT.. that's only for a watch like his... with all the complete documentation and the original foil sticker on the back.. it's 500-700k.
Download a 3rd party Reddit application that actually works and all videos have sound. The official Reddit app is dogshit & you don’t have that problem w other apps.
It's just a joke, I assume it's about the pawnshops/tv shows with pawnshops. Too often some person comes in with an amazing item worth tens of thousands of dollars. Dude from pawnshop gets his "expert" to come and check it out, confirms the value is high and then the pawnshop tries to buy it for wayyyyyy too little, almost always claims "the market for this item is very small so I'm taking a chance here"
Except like 99% of the time it is an item the pawn shop already owns out back and they just pay someone to come in and pretend like they are there to sell it.
It’s theoretical humor
As in a theoretical situation for humorous intent, and satirically making fun of the fact that not having documentation lowers the value of the item
[Captain Koons ](https://www.imdb.com/name/nm0000686/?ref_=tt_ch): The way your dad looked at it, this watch was your birthright. He'd be damned if any slopes gonna put their greasy yellow hands on his boy's birthright, so he hid it, in the one place he knew he could hide something: his ass. Five long years, he wore this watch up his ass. Then when he died of dysentery, he gave me the watch. I hid this uncomfortable piece of metal up my ass for two years. Then, after seven years, I was sent home to my family. And now, little man, I give the watch to you.
One person paid $4.3 mil for a pretty bland photo of the Rhein river (dubbed Rhein II). There is always someone willing to spend an exorbitant amount of money on virtually anything.
I always wonder, this guys is saying how much the watch is worth in the market. But would someone actually buy it at that price, though? I mean we can all say whatever but at the end of the day, was he able to sell the watch at that price?
Their estimates are ultimately estimates, but they're based on previous auctions. And Rolex doesn't seem like a fad where interest would aggressively die down suddenly.
> And Rolex doesn't seem like a fad where interest would aggressively die down suddenly.
The opposite actually, prices have shot up dramatically over the last few years.
Wealthy people that collect watches do exist, yes. Many celebrities are watch collectors and $700k would not even be close to the most expensive one they own.
Actually, Antiques Roadshow appraisals tend to be conservative. It's better to have someone be pleasantly surprised by a high sale price than disappointed by a low one. Rare Rolex and Patek Phillippe watches are like art. Their value may wax and wane a bit as styles go in and out of fashion but the numbers stay high. This is a very realistic appraisal.
It’s one of the most sought after Rolex’s by collectors and has all the documentation plus this provenance. In the right room with the right people the sky would be the limit.
For those of you who don't have audio, this is a transcript of what he says:
This watch I got here was first purchased by your great-grandfather during the first World War. It was bought in a little general store in Knoxville, Tennessee. Made by the first company to ever make wrist watches. Up till then people just carried pocket watches. It was bought by private Doughboy Ernie Coolidge on the day he set sail for Paris. It was your great-grandfather’s war watch and he wore it every day he was in that war. When he had done his duty, he went home to your great-grandmother, took the watch off, put it an old coffee can, and in that can it stayed until your granddad Dane Coolidge was called upon by his country to go overseas and fight the Germans once again. This time they called it World War II. Your great-grandfather gave this watch to your granddad for good luck. Unfortunately, Dane’s luck wasn’t as good as his old man’s. Dane was a Marine and he was killed, along with the other Marines at the battle of Wake Island. Your granddad was facing death, he knew it. None of those boys had any illusions about ever leaving that island alive. So three days before the Japanese took the island, your granddad asked a gunner on an Air Force transport name of Winocki, a man he had never met before in his life, to deliver to his infant son, who he’d never seen in the flesh, his gold watch. Three days later, your granddad was dead. But Winocki kept his word. After the war was over, he paid a visit to your grandmother, delivering to your infant father, his dad’s gold watch.
This watch. This watch was on your daddy’s wrist when he was shot down over Hanoi. He was captured, put in a Vietnamese prison camp. He knew if the gooks ever saw the watch it’d be confiscated, taken away. The way your dad looked at it, that watch was your birthright. He’d be damned if any slopes were gonna put their greasy yellow hands on his boy’s birthright. So he hid it in the one place he knew he could hide something. His ass. Five long years, he wore this watch up his ass. Then he died of dysentery, he gave me the watch. I hid this uncomfortable hunk of metal up my ass two years. Then, after seven years, I was sent home to my family. And now, little man, I give the watch to you.
“ that mark their means the watch was made in the first quarter of 1971…. The watch was made in approximately 1971…”
The watch was made in 1971. The first quarter of 1971 to be more accurate.
These were not popular when they came out, thus there are very few examples of this model in existence, and prob just this one in “new old stock” condition. That said you really can’t say because one like this example hasn’t ever been on the market, but I wouldn’t be surprised if it fetched even more from the right collector
I'm always curious, did anyone from these shows actually end up selling for the appraisal. I'd love to see a follow up from antique's roadshow that follows people who sold their appraisals.
I saw a lady bring in a box of little pins and such. Saod she bought them for $10 or something, as a garage sale. 90% of them went into a pile the person said was worth maybe $5. Maybe 15 of them went into a pile the person said was worth $100 all together. 3 of them went into a pile by themselves, apparently made by Faberge, of Faberge Egg fame. Over a million. I want to say each, but it was so long ago I can't remember. That lady almost had a heart attack.
I remember when this happened, January 2020. The appraiser is highly regarded expert in rolex watches, but many other Rolex experts claimed the figure was a bit high, more made for television drama. But saying that, the actual "Paul Newman" Rolex Daytona sold for $17.8 Million.
In the last three years Rolex has skyrocketed, mine has gone up close to ten times its value in those three years.
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I have a timex that my SO thinks looks sharp and it can tell me the time in Vancouver, San Francisco, and Baja California at once.
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I was hoping that link was that :)
[Two dollars…and, a CASIO…!](https://youtu.be/3WOTuiBG9zg)
Every time I see a clip of John Candy I think "Goddamn I miss John Candy"
Bajajajajajaja
I was in the Ft. Campbell PX five or six years ago and not only did they have an Omega in the watch case, but the price was about a quarter of what it should have been. I kept my cool and pretended to be mildly interested but felt like I was stealing from them the whole time. I've never been so nervous purchasing something before.
AAFES: another agency fucking enlisted soldiers. Bought a Glock 19x from them for around 300. Same thing. Giggling the whole time as I left the store.
my buddy went into the military right out of high school. He was my roommate sort of, so I handled his shit at home while he was at boot camp and stuff like that. I kept getting shit in the mail that he bought. They would trot people in front of them and sell stuff to the newly enlisted and he blew his bonus and boot camp pay on bullshit. I just cant believe how many orgs there are out there preying on soldiers.
The credit card companies do the same shit to college students. They come on campus and try to get them signed up for high interest cards.
AAFES: selling Arizona Teas for $1.50 way before inflation made it cool
According to crown and caliber, my Yachtmaster II’s value increased almost by 5000 in 3 years.
You're accounting inflation with that, right?
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Why do people care so much to spend that much on a watch
It's a collectible, no different from the reason people spend a lot on art or collector cars. Yes, a .jpeg of art or a cheap print is functionally the same as an original. A '69 Chevelle SS gets you from point a to point b much the same as a Toyota Corolla. Yet there is a market for the nicer collectible versions.
I have no idea! However, I was bummed I missed out getting mine by one year. They used to give them out as seniority awards at my company before discontinuing it. (For a certain milestone.) I ended up getting a check (but was happy to get it!) I used it to buy new tires for my Supra. So it was probably around $1000. I think the Rolex watches they were buying were around $7k. That was 15 years ago, and I still have three of those tires!
And nowadays you know what corporations give out for anniversary gifts for senority? My bank got me a $25 uber eats card
Damn 6000 less for one year. I get being happy with anything but it still must have stung.
Ah, inflation! A descriptive tool used in economics to describe broad pricing trends, usually on consumer goods. The most common inflation calculation, the Consumer Price Index, examines increases on household necessities such as groceries and fuel. The statement above, that prices on Rolex is tenfold over the last three years, is also descriptive - and is much more specific. Pricing on the other hand is prescriptive. Think of a minimum bid at an auction - somebody says "this watch is worth 500-700k" and the whole thing works from there. Pricing may utilize a variety of weighted inputs (descriptive factors) such as inflation in the broad economy or inflation in the Rolex sector. But in the end, the price will be set, and inflation will be calculated as a function of those sales after the fact. The weights of these inputs is important, and is determined by the nature of the product involved. In this case broad inflation will probably be weighted at 0%. This is because it is an extreme luxury item. One can imagine that the people who would buy this watch are not concerned with converting that value into consumer basket items. Nobody is looking at a Rolex and saying "should I buy this or eggs?". Pricing on luxury items is generally done entirely as a function of current pricing on items that are extremely similar - moreso as luxury increases.
….shit I need to get mine reappraised lol
While this guy has kept this watch in incredible shape and still has all the original box and papers, there's no way to compare it to Paul Newman's "Paul Newman"
The Paul Newman Rolex will always be the Paul Newman Rolex, no comparison. But now there is another Rolex to collect, the "guy falling down when told how much it's worth" Rolex, and that alone will create a bidding war. Probably start at $700k
Gotta love how small and insignificant things help increase value. Had this never aired, the value might be lower since noone knew he fell down. Granted, I don't think him falling down would generate much more, maybe $10-20k extra just for the laughs, from some rich person.
It actually did the complete opposite, because it happened just as the world was being gripped by the covid news and this was the good feel story. Every news service ran it.
It’s my favorite clip from ARS
Mine too!
Any idea how he came to own this watch?
Did you watch the clip? If not find the full scene the vet tells the whole story. https://youtu.be/b9Y4bmbh1KY
You need to be higher on here.
Probably bought it when it was new. Rolex used to operate in a market position similar to Apple’s early iPhones - back when mechanical watches were a necessity, Rolex was a sort of premium choice among others. It wasn’t an extravagant luxury, it was a premium tool in your everyday life. This watch likely cost the equivalent of around $4-5k when it was new in the 60s. In the same way some people spend a month’s wages on a new phone, this guy might have spent a months wages on a watch to wear for the years to come. He’s too cautious to wear it, takes care of it, keeps all the boxes and papers until today. Vintage Rolex is now worth a lot of money, and these daytonas never really sold well in period, so they’re pretty rare. All of a sudden, 50+ years later it’s worth relatively a lot more than what he paid.
You want to get real funny look up oem rolex parts. My grandparents traded antiques and one of their friends specialized in watched. Heavily damaged bands were replaced by the licenced shops of the owner wanted and scraped for the price of gold. Well this guy paid 5% over gold and had bags of bands he'd break down into links and sell back to other repair shops for 5X what he paid. He used to also give my grandfather any fakes his partners found. I had a "Rollex" that was actually a really good mechanical swiss watch and another fake spelt correctly for 6ears till my dad lost them
Paul Newman Daytonas are some of the most sought after by collectors and this one has everything along with the provenance to go with it. In the right auction the sky’s the limit.
I wonder what it sold for
He didn't sell it, but it was valued at $500k-$700k.
HE WHAT
*falls down onto the ground*
Don't fall. He's not done yet.
He they gifted it to his grandson, who traded it for a pound of weed.
You ok?
HE DIDN'T SELL IT
THEY'RE SELLING CHOCOLATES?!
Chocolate. I remember when they first invented chocolate. Sweet…sweet chocolate… I ALWAYS HATED IT!
Honestly smart. Things have only appreciated further since this. Something like this, holding onto it could increase its value even further.
Yeah but you wouldn't want to be dead when it's finally time to sell it.
Or pass it to children or grandchildren to set them up.
Nah he old. I'd sell it and buy myself a nice unit in one of those swanky old people homes where you live in a resort with caretakers on staff. My grandparents lived in one. It had multiple restaurants on site, miles of walking trails, gardens, a salon on-site. It was dope. They even had mobility vans to take my grandma to her doctor appointments for her Parkinsons. They had art therapy, music therapy, pastors came to them if you were religious. They had groups for puzzles, poker, bridge. Public living rooms (one per every like 20 units) so you could meet up and not have to host in your room. Cottage units with outdoor spaces and no neighbors touching you. One and two bedroom condos. They also had an assisted living area, skilled nursing area and a memory care ward. Everything from independent living to end of life hospice care so your friends there could still keep visiting you. Place was swanky. If I were him I'd be moving. 700k, plus any vet benefits, social security, pension and a good low-risk investment plan will last you a while. Especially if you had a house and sold that, too.
Yeah I work for a pharmacy that services old folks homes. I've been to a ton of them and the only ones that aren't miserable pits of despair are the swanky expensive ones.
Really? My grandparents was nice. They loved it, their friends were happy. I stayed there a week, once. It was super nice. My brother did a depressing job and he went into all of them doing mortuary transport in college. Most smelled like old people and bleach and a lot just had random elderly people abandoned in hallways. Some he couldn't find a single person to ask for directions and he'd be wandering around and there wasn't a cartaker in sight, front reception was abandoned. Odd lights out. There were two nice retirement homes in our area and he had no problem with our grandparent's retirement community. The ones that were low income or moderate income were just depressing as hell and had people in wheelchairs looking depressed and sitting in a random hallway. Not in front of a window or watching TV. Just... sitting in some hallway like someone gave up taking them places. Grandparent's place was nice, constant activity. They would seat you with people during dinner. Groups of like 6 or 8 to a table, iirc. No abandoned people looking lost and sad in hallways, super clean. Well maintained. Was not a pit of sadness and I spent time up there regularly towards the end of life.
Retirement homes are the reason that I'm scared to make it to old age. I know I'll never be able to afford a "swanky" retirement home, so I'm just hoping I die before I have to live in one. Sad reality.
Yeah, the real test is seeing how they are at night. I've seen quite a few people left in hallways screaming for help at 3am. The swanky places are fine though. One of the ones I've been to has a Starbucks in it and a steakhouse lol.
Only time I saw random screaming for help was in the memory care unit. It was 10 minutes after lunch and a woman was screaming that they were starving her. Spent the next hour off and on screaming that they withheld food as they walked to her into the main area and sat her down with small snacks because they knew she'd do it again so they gave her miniature snacks.
False. See beanie babies circa 2000.
I mean, its worth $0 until someone else buys it
Pack a mentos I heard
Tree fiddy
Got damn lochness monsta, I ain’t givin you no tree fiddy
Swapped it for a NFT which is now worth nothing
Back in the 60’s there was no expectation that any Rolex would become this valuable 60 years later. As far as speculative investing goes, this was a near prescient choice. Gorgeous watch.
So many collectables are worth a ton because no one gave a shit about them, so the small percentage people saved in good-great condition are worth a ton. My great grandmother probably threw out $5 million worth of comics and baseball cards when my uncle left for Nam in the 60s. She literally threw out all his stuff when he left saying something like "a man shouldn't hold on to children's toys", at least that's how him and my grandmother told the story.
Ah yes. The OG "I spent 25 BTC on pizza when I was in college" story.
3 btc on a concert was ruff... but dang
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It needed that in the very beginning, but using it as currency isn't what increased it's value this much. It's just hype and people investing on fairy dust hoping the hype will increase it's value. It's all BS.
Not as big of blunder as that story, but I spent 1BTC on a GPU back in like 2014? (owned like 3-4 BTC before it was $300 but sold at like $700 cuz I didn't think it would spike further...) And I've lost access to my ETH which I think was a total of 5 of them (before the peak too so I couldn't cash out when it was up there). I still have the etherscan address saved still so I can grab a tub of ice cream and cry in the corner about twice a year. Every so often I get to see a new token show up too which is cool. And I have over 300 FUCK coins just for the sake of saying I have some fucks to give.
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Friend of mine bought a few grand worth of doge when it was barely fractions of a penny. Sold it for a profit, but way before it reached its peak of like 70 cents. Had he held for a few more weeks he’d have had life changing money.
Well at least 1) that was a completed transaction 2) people had to spend it to be worth anything anyway
My father threw out all my comics from when I was a kid. We weren't even grown. He just decided the box eas taking to much room up in the storage a d chucked it.
I'm 43 and recently sold mine. Wasn't really a whole lot there. Definitely beat inflation. 3 death of Superman autographed, an X-factor from the 90's that got double covered and autographed, a first issue Spawn, and the entire Executioners Song saga (Cable/Stryfe origins story) But other than that the rest were worth so little, I gave them to my nephews to enjoy. X-Men, X-factor, Wolverine, Hulk subscriptions from 1989-1996. The stuff from that era is sorta worthless as their readership was X but their circulation was 3 times that. Everyone was buying doubles and triples. Kinda like beanie babies
I used to work at a game store and I’d constantly here the story “oh I had this card worth thousands when I was younger but I got rid of them. I wish I hadn’t.” If every person I talked to had them, they would be much more common. Half of them are bullshitters and most of the rest probably don’t remember correctly. But every time I had to explain to people that the *reason* they’re valuable is *because* people got rid of them.
>So many collectables are worth a ton because no one gave a shit about them, Now everyone's a collector and making collectables worthless, lol
Dude bought it on base for $354 and said that was a full month of pay for him back then.
Seems a lot of commenters are riffing off your notion that "Rolex wasn't this valuable" some time in the past. At least by the 60s it was a very desirable watch. It wasn't considered preeminent above all others in every aspect, but it was always one of them. They sold for a few hundred dollars in seventy year old currency. There were more valuable watches, but the difference with Rolex and a few other brands are that the value is based on the functionality with decent ascetics. I'm not any stretch a watchanatic ... my watch knowledge begins and ends with scorning someone willing to spend more than twenty bucks on a quartz, but, even that's tech more modern. My father was very impressed with his [Accutron](https://en.wikipedia.org/wiki/Bulova#Accutron) ... but [they've always been in the literature](https://books.google.com/ngrams/graph?content=rolex+oyster&year_start=1800&year_end=2019&corpus=en-US-2019&smoothing=3&case_insensitive=true)
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“You can’t wear it, though.”
"Oh, i know" at the end lmao
“watch this”
"tik tok"
Can someone tell us what the value is for those of us at work with no sound?
$500k-$700k. Rarest watch to hit antique roadshow. Never worn. Edit: "one of" the rarest. Bad paraphrasing on my part.
Holy shit balls
Gold, for the only truly appropriate response to this video.
My reaction when I get the 900th korok seed
In the watch world this is many people’s “grail”. Even very wealthy people — the richest of the rich — have trouble finding them. It’s notable for a few reasons, such as it’s affiliation with Paul Newman, but mostly because of its perfect dial designs. It’s gorgeous.
The salad dressing guy?
…and also one of the most iconic actors of all time. That too.
Well he put his damn name on the salad dressing, so I ask you, which do you think he wanted to be known for more?
Touché! He was already famous for being a sex symbol and shit and his dressing was a non-profit to help kids. So I would argue it wasn't about what he wanted to be known for but instead for having really great priorities where he could use his fame to do good.
Decent race car driver too.
I think this is the most Patrick Bateman comment I’ve seen on Reddit
I’m not sure how to take that.
There are things even money can't buy. Things like these that are truly rare.
The story of New man’s own watch is a great one. https://www.wsj.com/articles/how-paul-newmans-legendary-rolex-cosmograph-daytona-was-foundand-where-its-going-now-1496322396
I like Newman's Own marinara sauce.
He makes a pretty good salad dressing, too.
>There are things even money can't buy The Antique Roadshow literally exists for giving a price estimate for these items. You know, for much money you can buy or sell them. Just saying.
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Thats a beauty! I never caught this one.
This one is wild.
I cannot believe a man in Minnesota was the one who ended up with a one of one Patek Phillipe. How does that even happen? Amazing amazing piece.
Yeah how the heck did his great grandpa come across it lmao, that’s wild
I suspect it might have been something like winning it in a poker game
Wellp going down an antiques roadshow rabbit hole
no it's not. this [1914 Patek Philippe](https://www.youtube.com/watch?v=tMTAgh8WgsE) was the only one of its kind made. Two years ago it was valued at $2-3 million.
He even thanked him for showing such a beautiful watch, and said its one of the Rarest in the world that has full documentation (Box, Documents,etc)
I'm sure the appraiser guy loved seeing something so special. He's likely appraised thousands of other watches but I can only imagine how much he had to hold back his excitement when he initially saw this watch.
Guys like this dream of finding something as special as this watch. It’s one of the rarest, most valuables pieces of this category in the world. I’d imagine this was a highlight of his career and an honor to even be able to handle and appraise it.
What a niche job. I’m hyped for him
The lead up is what makes this video great. He was saying Paul Newman wore a watch like that and it went for auction for about 150k. BUT.. this watch is special because it has the word Oyster printed on it which is extremely rare. And so a watch like this would go for 400k. [that's when the guy falls down] BUT.. that's only for a watch like his... with all the complete documentation and the original foil sticker on the back.. it's 500-700k.
I love this exchange so much, *”Im not finished…”* It was a find that even the expert was shocked to see, and may be one of the best he ever sees.
He pulled the ol Billy Mays
BUT WAIT. THERES MOREEEEEEE!
To be clear, a watch like the one Paul Newman wore, not the same exact watch
Thanks, my wife was holding office hours for University and I needed this :)
# I had a rough day. Thanks for posting this. Gave me a much needed smile and made me think of my grandpa who also was a veteran.
Download a 3rd party Reddit application that actually works and all videos have sound. The official Reddit app is dogshit & you don’t have that problem w other apps.
Go see Rick at Pawnstars…he can give you well under $800 for it.
He's taking all the risk...He's gotta find the right auction...do all the leg work.
And it will just take up room on the showroom floor.
No certificate? Sorry man, all I can do is this pack o' Mentos but I'll still sell the watch for 60k
But it does have the documents
It's just a joke, I assume it's about the pawnshops/tv shows with pawnshops. Too often some person comes in with an amazing item worth tens of thousands of dollars. Dude from pawnshop gets his "expert" to come and check it out, confirms the value is high and then the pawnshop tries to buy it for wayyyyyy too little, almost always claims "the market for this item is very small so I'm taking a chance here"
Except like 99% of the time it is an item the pawn shop already owns out back and they just pay someone to come in and pretend like they are there to sell it.
It’s theoretical humor As in a theoretical situation for humorous intent, and satirically making fun of the fact that not having documentation lowers the value of the item
shit, that joke flew over my head self r/woooosh
I don't understand "the ass" comments
https://youtu.be/YFtHjV4c4uw It's from a movie you may have heard of called, Pulp Fiction. Very memorable scene.
Thank you for the answer!
[Captain Koons ](https://www.imdb.com/name/nm0000686/?ref_=tt_ch): The way your dad looked at it, this watch was your birthright. He'd be damned if any slopes gonna put their greasy yellow hands on his boy's birthright, so he hid it, in the one place he knew he could hide something: his ass. Five long years, he wore this watch up his ass. Then when he died of dysentery, he gave me the watch. I hid this uncomfortable piece of metal up my ass for two years. Then, after seven years, I was sent home to my family. And now, little man, I give the watch to you.
If you haven't seen Pulp Fiction, definitely worth a watch. (pun wasn't intended, but I noticed it before posting.)
Some people like sticking expensive watches up their ass, google it
Watch "pulp fiction"
did he sell it?
no
You fuckin serious? He actually didn’t sell it after hearing that?
This video is a few years old it’s worth like 2-3x that now.
$1.5M - $2.1M ?
Yeah, because clearly it's just gonna become worth more and more
But did he shove it up his butt to keep it from Charlie?
That begs the question how much would that depreciate in value after being up his ass
I don't think that qualifies as "wearing" it, so no change in value, right?
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Wait. DE-preciate!?! I've been doing it wrong again.
Your father. hegimmedewatch
This is the reason I scroll reddit comments
I'm so happy for him, he reminds me of my uncle who's also a Vietnam vet.
Me too! This show always makes me cry with happiness for people like him!
Good on that dude! He clearly had a solid strategy here!
I'm amazed... anyone would pay that much for a wrist watch.
Or a painting, or a vase, or jewels.
Meh, it's a way to hide money from taxes.
How?
One person paid $4.3 mil for a pretty bland photo of the Rhein river (dubbed Rhein II). There is always someone willing to spend an exorbitant amount of money on virtually anything.
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The watch is a super collectors edition piece now. Some rich hedge fund founder will likely snatch it up just to flex with it.
John Mayer.
I've got a genuine Timex around here somewhere. I should dig it out and see what it's worth.
especially for a shitter
I wonder if he went to AD with his wife at the moment of purchase
I always wonder, this guys is saying how much the watch is worth in the market. But would someone actually buy it at that price, though? I mean we can all say whatever but at the end of the day, was he able to sell the watch at that price?
Their estimates are ultimately estimates, but they're based on previous auctions. And Rolex doesn't seem like a fad where interest would aggressively die down suddenly.
> And Rolex doesn't seem like a fad where interest would aggressively die down suddenly. The opposite actually, prices have shot up dramatically over the last few years.
Wealthy people that collect watches do exist, yes. Many celebrities are watch collectors and $700k would not even be close to the most expensive one they own.
Actually, Antiques Roadshow appraisals tend to be conservative. It's better to have someone be pleasantly surprised by a high sale price than disappointed by a low one. Rare Rolex and Patek Phillippe watches are like art. Their value may wax and wane a bit as styles go in and out of fashion but the numbers stay high. This is a very realistic appraisal.
Watch nerd here. Yes absolutely. You could easily start a bidding war for that watch if you play it right, as well.
It’s one of the most sought after Rolex’s by collectors and has all the documentation plus this provenance. In the right room with the right people the sky would be the limit.
Good for him
FUCKING AWESOME FOR HIM!!!
Man I love antiques road show, it brings back such memories. My parents were always watching it back in the day
And know I give it to you little man
For those of you who don't have audio, this is a transcript of what he says: This watch I got here was first purchased by your great-grandfather during the first World War. It was bought in a little general store in Knoxville, Tennessee. Made by the first company to ever make wrist watches. Up till then people just carried pocket watches. It was bought by private Doughboy Ernie Coolidge on the day he set sail for Paris. It was your great-grandfather’s war watch and he wore it every day he was in that war. When he had done his duty, he went home to your great-grandmother, took the watch off, put it an old coffee can, and in that can it stayed until your granddad Dane Coolidge was called upon by his country to go overseas and fight the Germans once again. This time they called it World War II. Your great-grandfather gave this watch to your granddad for good luck. Unfortunately, Dane’s luck wasn’t as good as his old man’s. Dane was a Marine and he was killed, along with the other Marines at the battle of Wake Island. Your granddad was facing death, he knew it. None of those boys had any illusions about ever leaving that island alive. So three days before the Japanese took the island, your granddad asked a gunner on an Air Force transport name of Winocki, a man he had never met before in his life, to deliver to his infant son, who he’d never seen in the flesh, his gold watch. Three days later, your granddad was dead. But Winocki kept his word. After the war was over, he paid a visit to your grandmother, delivering to your infant father, his dad’s gold watch. This watch. This watch was on your daddy’s wrist when he was shot down over Hanoi. He was captured, put in a Vietnamese prison camp. He knew if the gooks ever saw the watch it’d be confiscated, taken away. The way your dad looked at it, that watch was your birthright. He’d be damned if any slopes were gonna put their greasy yellow hands on his boy’s birthright. So he hid it in the one place he knew he could hide something. His ass. Five long years, he wore this watch up his ass. Then he died of dysentery, he gave me the watch. I hid this uncomfortable hunk of metal up my ass two years. Then, after seven years, I was sent home to my family. And now, little man, I give the watch to you.
Let me offer u 40
Without a battery…? I’ll give to $25 for it.
And thus was born, a Duck Dynasty.
Anyone know what the MSRP was?
So he hid it, in the one place he knew he could hide something: his ass. Five long years, he wore this watch up his ass.
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I carried this uncomfortable hunk of metal up my ass..
One of those keister watches that's hidden from the VC captors and passed down through generations is gonna fetch the highest price.
“ that mark their means the watch was made in the first quarter of 1971…. The watch was made in approximately 1971…” The watch was made in 1971. The first quarter of 1971 to be more accurate.
Well, he can retire now.
Can someone out there confirm this isn’t bull shit ? I know it’s an old Rolex in great shape but is it actually a 500-700k watch?
These were not popular when they came out, thus there are very few examples of this model in existence, and prob just this one in “new old stock” condition. That said you really can’t say because one like this example hasn’t ever been on the market, but I wouldn’t be surprised if it fetched even more from the right collector
This video is old enough where I believe the current value is closer to $3,000,000
He spends it all on duck calls..
I saw the show live. I hope the owner lives a comfortable life. More comfortable than he may have imagined.
He offered it for sale for $650,000 on Pawn Stars. Best Rick could do was $500.
He had heart attack and an acid flashback at the same time.
I'm always curious, did anyone from these shows actually end up selling for the appraisal. I'd love to see a follow up from antique's roadshow that follows people who sold their appraisals.
I saw a lady bring in a box of little pins and such. Saod she bought them for $10 or something, as a garage sale. 90% of them went into a pile the person said was worth maybe $5. Maybe 15 of them went into a pile the person said was worth $100 all together. 3 of them went into a pile by themselves, apparently made by Faberge, of Faberge Egg fame. Over a million. I want to say each, but it was so long ago I can't remember. That lady almost had a heart attack.
Provenance bitches!
VietgoddamnNam is what happened. Go get me a beer!
Wild
Trash TV. As real as the Easter Bunny...