A veteran brought in a 1974 Rolex watch to find out how much it could go for in an auction today. He originally bought the watch for $345.97 and playfully collapses on the show when he finds out how much its worth. The appraiser tells the veteran that his watch could now go for $400,000. However, because of the watch’s near-perfect condition, it could be valued at $500,000 to $700,000.
The man brought in his unworn Rolex Oyster Cosmograph Reference No. 6263 to Antiques Roadshow to find out its value. Turns out it has quite a bit! The former US Air Force Veteran says he originally bought the watch because he heard it was a good brand for scuba diving. He ordered it through the Air Force base exchange in November 1974 and it would arrive in April 1975.
Veteran collapses when he finds out how much his Rolex is worth
After receiving the watch, the veteran decides to keep it away in a safety deposit box. He thought it was just too nice to take into saltwater, considering he had to use a month’s salary to pay for it (even with a 10% discount). The man had also saved the warranty papers and pretty much all the other paperwork that came with it, making the value of this Rolex watch incredible.
Appraiser Peter Planes says that collectors love this type of watch because Paul Newman wore it in the 1969 film, Winning. “It’s an absolute fabulous find. It’s one of the rarest Paul Newman models, and in this condition, I don’t think there’s a better one in the world,” Planes says.
A rare find with a priceless reaction
Planes says that this watch is ‘extremely rare‘ since it was not worn and includes all documentation. “This appraisal hits the Roadshow trifecta: an extremely rare item, a personal backstory that shines a light on our country’s history, and a fantastic guest reaction,” says Marsha Bemko, the show’s executive producer.
“For the first time ever, we had a guest so overcome by the valuation of his treasure that he falls to the ground in surprise. But don’t worry, he gets back up to finish the appraisal!”