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WORLDWIDE Chapter 149 Message Board Forum Index » Pocket Watch Value Line for Collectors » Henry Capt Minute Repeater with independent Center Seconds Goto page 1, 2  Next
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Henry Capt Minute Repeater with independent Center Seconds
PostPosted: Mon Oct 26, 2015 2:15 pm Reply with quote
Neilywatch
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Joined: 16 Oct 2010
Posts: 5102




This Watch is being offered for sale from the boyfriend of a business acquaintance of mine.

It has been in his family since new - 1859!!

There are 3 brothers depending on the offers they will either sell or one will buy out the other 2's share in the watch and keep it in the family.

I have personally inspected the watch and the issues are as follows:

The watch was just serviced. It repeats properly and runs and keeps time.
The case has heavy wear - it is a medium gauge case.

The Key is broken.

Unfortunately the major issue with this watch is the dial. It had 2 chunks missing from it and whoever serviced it attempted to fix the missing chunks and after doing so the reglazed the entire dial. Upon close inspection it does not look like a good repair.

He is asking for offers. I had told my business acquaintance - his girlfriend - that the watch had a fair market value of about $4,500, but this was before they had the watch serviced ( and the dial botched up).

You all can PM me or place your 2 cents here on the thread.

Thanks Much!

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PostPosted: Mon Oct 26, 2015 3:00 pm Reply with quote
interstatetime
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My two cents is that there is no way this watch should leave the family. There is obviously some desire to keep the watch. The person who wants the watch will buy the others out.

I think the watch with the dial as described would bring $2,500 tops. It is not a super desirable brand and, although the independent seconds with its second barrel is a cool complication...nobody gives a damn.

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PostPosted: Mon Oct 26, 2015 6:01 pm Reply with quote
StephanG
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If one brother really wanted it, and not just to sell, the other 2 should give it to him.

None of them paid for it.

They can have something else instead.

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PostPosted: Mon Oct 26, 2015 6:51 pm Reply with quote
Neilywatch
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Hi Steve -

I am not privy to the particulars of the bequest behind this watch, and i don't know the family - so I am not sure how they are going to settle this watch.

They are trying to come up with a value to the watch so they can make an informed decision.

I am hoping more people would chime in - I personally find this watch very tempting. I've never owned anything like it.

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PostPosted: Mon Oct 26, 2015 8:24 pm Reply with quote
Jon
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Maybe these folks need money, BUT is money above sentiment and/or family history/value?

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SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Mon Oct 26, 2015 8:28 pm Reply with quote
Neilywatch
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I don't think it is money - the condo my acquaintance lives in goes for about $800,000.

He was thinking after he got it restored it would be a $10-$15,000 watch.

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PostPosted: Mon Oct 26, 2015 8:31 pm Reply with quote
Neilywatch
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Jon -

Care to a put a price on this watch?

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PostPosted: Mon Oct 26, 2015 8:34 pm Reply with quote
StephanG
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I have my Fathers watch and my Grand Fathers watch and value is of no importance.

My brother has Grand Fathers watch from the other side.

I just find it sad that such things have to come down to the dollars.

If Fathers felt like that they would never have kids cause THEY cost a fortune buy the time you are done. Shocked

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PostPosted: Mon Oct 26, 2015 9:04 pm Reply with quote
Jon
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Maybe 3K retail, as a KW is not the same value as a SW.

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Jon "the truth" Hanson
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American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Tue Oct 27, 2015 5:59 am Reply with quote
Bryan
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The dial is awful - it really kills the watch. I'd say b/w 2-2.5k wholesale.

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PostPosted: Thu Oct 29, 2015 5:45 pm Reply with quote
Neilywatch
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Anybody else?

any more opinions/valuations/offers?

I'd like to bring her 3-4 numbers.

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Neil - Crazy for Walthams!
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PostPosted: Fri Oct 30, 2015 5:36 am Reply with quote
interstatetime
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Neilywatch wrote:


He was thinking after he got it restored it would be a $10-$15,000 watch.


Put it on eBay as a Buy It Now. You know what damaged dials do to the value of watches. I have a really difficult time imagining that this watch would bring more than $5,000 if it were nice.

I think what you are getting here is a pretty consistent value in the $2,000-3,000 retail range....but what you are really getting is that the value is much higher as a family heirloom than anything else. Why not just tell them that that's what the experts said.

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PostPosted: Fri Oct 30, 2015 3:27 pm Reply with quote
Neilywatch
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To all -

Thanks for the input.

I sent what I learned in an email to my business acquaintance, and she forwarded the email to her boyfriend.

However, she did say they were going to look for more offers. I guess they were very disappointed to hear what they considered to be low estimates of value on this watch. They are going back to whomever did the repairs and ask them to make an offer on it - I know who it is - and I am biting my tongue at the moment.

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PostPosted: Fri Oct 30, 2015 5:06 pm Reply with quote
Jon
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Location: Boston, Ma




Neil, quite often those who solicit repair in a retail environment estimate worth VERY high as to justify over priced repairs.

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Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Fri Oct 30, 2015 6:20 pm Reply with quote
geno
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Joined: 28 Oct 2005
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Neilywatch wrote:
To all -

Thanks for the input.

I sent what I learned in an email to my business acquaintance, and she forwarded the email to her boyfriend.

However, she did say they were going to look for more offers. I guess they were very disappointed to hear what they considered to be low estimates of value on this watch. They are going back to whomever did the repairs and ask them to make an offer on it - I know who it is - and I am biting my tongue at the moment.
When people don't know values, they always chase the so called higher offer, it's never higher enough to sell. Suddenly they are experts when they deem the value too low. Geno
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Henry Capt Minute Repeater with independent Center Seconds
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