Like a lot of people, I get a good amount of my scrap from auctions. I have made some good buys, but for me its more about the rush I get when I'm bidding(witch costs me money sometimes). Every now and then I will come acrosswierd or exciting items that are not scrap that I will try to buy. I wasn't really feeling the auction today but decided to walk around and see if anything caught my eye, and it did. As I was about to leave, I passed one of the show cases and glanced in. There were a few watches that caught my eye and upon further investigation, one of them had Rolex markings. The owner was standing right there so I asked to see it. He told me it was a fake and when I looked closely it looked authentic, but being an ex Pawn Broker, I reconized some key markings that pointed to it being a fake. I decided to hang around to see what it would go for, and when the price went down to 5 dollars, I bid on it. There wasn't much interest in it until that point, but a few others bid after I did so I bid 15.
I endeed up buying the knock off Rolex for 15 dollars. I looked at it more and knew it wasn't real, but I took it to get looked at anyways. Turns out I was right, but I also found out there is a market for knock offs and the good knock offs (like I had) Could be valued up to 5 or 6 hundred. It Is a replica of a 45,000 dollar Oyster Perpetual Daytona. I think I got an awesome deal but I don't think I am going to sell it.
Thought Id share.
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