How would you react after finding out you're the proud owner of a $700,000 Rolex?
A guest on a recent episode of “Antiques Roadshow” was literally floored when he heard how much his Rolex was worth.
After finding out the value of a Rolex he purchased in 1974 for $354.97 at a 10% discount (a month’s salary in the military at the time), the guest, identified only as David, fell over backwards in a flurry of emotions.
The appraiser, Peter Planes, informed the man that the watch he purchased while stationed in Thailand was a model made popular by Paul Newman in the 1969 series “Winning” and valued at $200,000.
But that’s not all! Since the watch was inscribed with the word “Oyster,” making it a Oyster Cosmograph, also known as a Daytona, it was was worth an additional $200,000, bumping the total value up to $400,00 and making it “extremely, extremely rare.”
Finding out that you own a $400,000 watch is overwhelming enough, but it didn’t stop there.
Since the Rolex was in near-perfect condition – the foiled sticker on the back was still in tact, according to Planes – the value jumped between $500,000 and $700,000.
David’s reaction upon hearing the news was nothing short of relatable: he closed his eyes and uttered a word that was bleeped out.
“Half a million dollars, 700,000 dollars — that’s life-changing for somebody,” Planes told The Washington Post.
In other words, David made a very solid investment during his time in the Air Force.
He told the show that he became interested in watches after seeing airline pilots wearing them.
While he initially bought the watch because it was waterproof, upon arrival, he figured it was too fancy to “take down in the salty water” and stored it in a safety-deposit box. He only took it out a few times before getting it appraised.
Planes added that the watch, which was appraised during a season highlight in a village in West Fargo, N.D., was one of the greatest he’s ever seen in the show’s 24 season run.
In comparison, the exact watch Newman wore in the series was auctioned off in 2017 in a record 12-minutes for $17,752,500, the publication reports.
“Antiques Roadshow” airs on Mondays at 8 p.m. ET on PBS.