Could you imagine waking up one day to being rich? Well, one man, David did after being told that his Rolex was worth $400,000. Antiques Roadshow, a long-running television show, made a stop in West Fargo, North Dakota, and made one man richer.
After being told that his watch, which he purchased in 1974 for only a few hundred dollars, was worth $400,000, David, almost passed out from excitement! The appraiser, Peter Planes, was able to point out the details about David’s watch, pointing to it being extremely rare.
Antiques Road Show Almosts Makes Man Pass Out
According to David, he was serving in the US air force abroad when he purchased the watch in 1974. He goes on to explain that the pilots who were servicing commercial airlines all wore Rolex watches. After getting into scuba diving, he was on the search for a watch that could hold up to water.
In November of 1974, he bought the watch for $345.97. At the time, it was worth about one month’s salary for David. Fortunately, he rarely wore the watch. Taking into consideration the price for the watch, he chose to keep it in a safe box for 30-40 years. David was telling the appraiser that he would take it out every once in a while to look at it, but never really wore the watch.
For 30 or 40 years, it stayed in a safety deposit box untouched, with the exception of David taking it out “two or three times to look at it” before he brought it into the show. Not only did David have the watch, but he had all the receipts as well as the watch’s original packaging and papers that alone were worth $2,000.
According to Planes, collectors love that type of Rolex because Paul Newman wore it while acting in the movie Winning. He goes on to say that the kind of watch Newman was usually wearing sales for $150,000 to $200,000. However, David’s watch was more special. Due to its pristine condition, it was worth more than the $400,000 that it would go for at an auction. Those at the Antiques Road Show were able to note that David’s watch was worth between $500,000 to $700,000.