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Value of Box, Papers, Bracelet and Receipt; Maybe 50%


excellent message, Fabrizio. I believe that you have focused on a point that we all are aware of, but have never articulated or discussed in detail. Of course it varies greatly by the time period that we are considering, but I would think that for the mainstream of what we are collecting (60's and 70's Heuer chronographs), there might be a premium of 50% for box, papers, bracelet and receipt.

Have a look around the vintage Rolex world, with the sacred "punched papers" and chronometer certifications, and you realize that these are the items that make the old watches so "collectible". As a device to tell time, there is a certain value (say, $8,000 for a nice McQueen Monaco). With the historical artifacts and ephemera, the value increases considerably (say, to $12,000).

We should fine-tune the analysis, but the 50% premium seems like a good starting point / rule of thumb.

Jeff

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

: Dear all, also based on the recent glamorous sales of the last
: unworn Monaco and the Carrera Dato, I have been thinking about
: how much extras such as box, papers etc. can add to a watch.
: Of course what matters most is the watch itself and its core
: conditions; also our beloved MOaT for Heuers clearly states that
: quotations provided are for mint or near-mint watches but w/o
: box or papers. How much the latter ones add was wisely withheld,
: as it's quite personal.

: On the other hand, a 'nice package' indeed adds a lot to the main
: object, and we have plenty of examples. It's especially so when
: it's coming in terms of items that are rare by themselves such
: as, for Heuers, the fabled red boxes or original instructions.
: By the way, additional items of most Heuer seem to be rather
: hard to find, regardless of the period and perhaps items of the
: so-called transition period (from Heuer to TH)are even rarer
: than '70's stuff...

: So guys should you provide a good 'guesstimate', how much in terms
: of percentage do you think a good set of box and papers adds to
: the original value of the watch? What's the opinion of the
: experts out there? If we find there's a meaningful consensus
: then maybe this information might be embedded for future
: reference...

: Points should be heeded IMO are:
: 1. How old is the watch?
: 2. Are the items perfectly matching also as for period (e.g. an
: original box could be of a different period)
: 3. How scarce are overall the extras? If they're quite common they
: don't add up so much.

: If we think of Stewart's Monaco all the above are fulfilled so it's
: a big plus, in other cases the value added can be far less.

: Cheers.

: Fabrizio

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