We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
I watched a best-of AR and one appraiser explained the high dollar items almost always say they aren't going to sell it. And they almost always change their minds a couple years later because it becomes too much of a worry. In one minute that guy's watch became more valuable than probably his house and everything in it, incuding the cars parked outside.
I got a Timex for Christmas in circa 1954 and it came apart about a month later and I noticed that part of the watch was made from a tin can with the labeling still on it. I have never bought a Timex and never will.
Half a million to $700,000 is quite a change from the roughly $350 it cost to buy it - and significantly because he never wore it. I'm happy for the owner!
It reminds me of people who buy a Ferrari and put it on stands in the garage for a few years and then sell it for several thousand more dollars. It makes sense in investment/dollar terms but isn't a car, especially a Ferrari, for driving? Isn't a Rolex for wearing?
"Half a million to $700,000 is quite a change from the roughly $350 it cost to buy it - and significantly because he never wore it. I'm happy for the owner!"
Yes, I saw the show too and it struck me that buying the watch in the first place - it cost about a month's USAF pay - must have made him think for a moment. That $350 represented a lot of money in the early Seventies.
He could not have known that his decision to buy and store the watch would result in such an incredible return. That effectively makes him a better investor than most of the high-priced financial experts on Wall Street!
Frankly, I think he should sell the thing for the highest price he can get right now and enjoy that money.
This is the Cinderella story that makes watching Antiques Roadshow fun. That guy may not have thought he had his retirement savings all lined up, but now he does.
The collectibles market is fickle and hard to understand, but anything scarce can catch the attention of people with money who are willing to speculate in it. It's all just a variety of stamp-collecting, a sign of how much we hunger for things to be unique.
When I was in the trans-Atlantic flying business in the 50s-60s, some guys I crewed with would buy a Rolex Oyster over there every couple of trips and add it to their collection. They said that some day those things would be worth a lot of money. I don't know whether any of them are still alive to cash in. The guy in the vid doesn't look like anyone I crewed with.
You know what's funny? This guy is still holding on to his military identity. Notice the camo headband. Old guys do that because as a veteran, they feel that they are "somebody" and that as a civilian, they are a "nobody". It's also a great way to advertise for more bennies. Veterans are not special to me; most of them never saw one day of combat. They just want the accolades and the money.
My late father-in-law was in the Korean War and fought in the terrible Battle of Chosen Reservoir where there the Marines and Army troops fought two enemies - the Chinese and the incredible cold. He didn't say much about it other than to remark that their weapons ceased to work at those temperatures. I'm also a vet but served as a linguist on USAF reconnaissance flights probing the Soviet Union. When I'd go out with my FIL he'd always have his Korean vet ball cap on which displayed his Combat Infantry Badge and other vets would come up to him and they'd exchange pleasantries, while I would stand aside and vicariously enjoy how he got such a kick out of interacting with other people who "understood".