12 Rare Vintage and Modern Rolex Watches To Be Auctioned Off at Bob's Watches
ORANGE COUNTY, Calif., Sept. 10, 2018 /PRNewswire-PRWeb/ -- Bob's Watches today announced in collaboration with Wind Vintage their very first public online auction. This highly unusual and non-traditional "Box & Papers Online Auction" consists of 12 rare vintage and modern Rolex watches that all include their box & papers from the original purchase. The lots consist of highly desirable timepieces, some of which are extremely hard to buy due to multi-year waiting lists. And others that are more infamous like the Rolex "Paul Newman" ref. 6239, made famous by the actor Paul Newman, whose personal watch sold last October at Phillips Auction House for $17.8 million.
Bob's Watches is now auctioning off 100% certified authentic Rolex watches with no buyer's premium, something traditional auction houses cannot offer and typically includes an additional 25% charge on top of the hammer price. This alone greatly increases the value of bidding on a watch at Bobswatches.com versus a traditional auction house. Each watch also comes with a 1-year service guarantee, lifetime authenticity guarantee, and free shipping to buyers within the US, all of which are not common when purchasing from those auction houses.
The watches chosen for this first auction range between both vintage and modern, and many of them come with unique stories handed down from their original owners. Paul Altieri, Founder & CEO of Bob's Watches, and Eric Wind, Owner of Wind Vintage collaborated to bring the auction to fruition. Wind brings a wealth of experience and knowledge having authored at Hodinkee for many years, and worked at Christie's auction house in New York, NY.
"We have realized that sometimes we'll put a watch on the website, and within minutes, it sells. It does not give everyone an equal opportunity to buy that watch," says Altieri. "Also, it's become increasingly more difficult to price these watches, and so in that sense, [the auction format] allows the market to take the watches to their proper valuation. We think an auction is a much more democratic way of offering some of the higher demand watches."
"There are a few things that are different about our approach with this online auction," said Wind. "First, there is no buyer's premium, which for most auction houses is 25% up to a certain level. All of the watches are certified to be authentic and have a lifetime warranty. That's something that the major auction houses don't typically do."
Of the 12 pre-owned Rolex watches up for auction, the GMT-Master II 126710, the 2018 version of the "Pepsi" watch, and the Daytona 116500LN are anticipated to be two of the most coveted timepieces, considering neither of them are currently available for purchase at authorized Rolex dealers due to an estimated minimum of two to three year waiting lists. To register and bid in the Bob's Watches online Rolex auction, visit http://www.bobswatches.com/auctions.
About Bob's Watches
Bob's Watches is a leading online retailer of vintage and pre-owned Rolex watches through its propriety exchange model that offers people the ability to buy, sell or trade their luxury watch safely and conveniently. Having entered the luxury watch space back in 2010, Bob's Watches has exchanged over 60,000 watches and has sustained a 5-star rating on verified transactions. The Company is best known for transparently displaying the buy and sell prices for timepieces on their website, affording consumers the ability to shop around, helping to ensure they get the best possible prices for their watch. Bob's has become the go-to resource for pre-owned Rolex pricing industry-wide combining world-class e-commerce experience with daily engaging content. Paul Altieri, its Founder & CEO, is broadly considered to be a foremost voice in the wristwatch industry and is regularly quoted in the press. See http://www.BobsWatches.com
For more information, visit http://www.bobswatches.com/about-us and follow @BobsWatches on Instagram and Facebook.
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SOURCE Bob's Watches
