I was in the checkout line at Target and noticed that the woman in front of me had a Rolex gold watch like mine.
Now before you start thinking that I am some rich bitch, the watch was a gift from one of my ex-husbands with a contribution from my father, who gave me an old Rolex watch he bought in 1954 for $500. I had "traded" my ex's Rolex Submariner for an updated model for his birthday and told my Dad that it had gone up in value. When my Dad heard this, he told me about his watch. I convinced him to take it to Rolex and get it cleaned so he could wear it (at the time he was wearing a Timex). To his surprise, Rolex told him that it would cost him $250 to clean and recondition it, and his response to that was he could buy 5 Timexes for that price. When they told him it was worth $2000 (today it probably would be worth triple that price), he gave it to me to use as a trade-in. Sadly, my Dad passed away the following year, so I wear it for sentimental value, since it is the worst timepiece as far as accuracy I have ever owned.
Anyway, I had a discussion with this lady in front of me at Target about something I had seen on t.v. about how muggings have gone up dramatically because of the economic situation, especially if you are wearing expensive gold jewelry. I told this lady that I was having my watch reappraised because it was probably now worth more than my car. She said she should probably look into having hers reappraised also.
Then we started talking about the ridiculous prices Rolex dealers, especially jewelry stores, charge you to clean the damn things and the lady behind me chimed in that she knew of a place locally where the certified watchmaker charged a lot less. I asked her if she knew him and she said he was her fiance.
When my appraiser came today, I told her the story and she said she knew him well and had done business with him and that he had several fiancees over the years but never married any of them, but that is another story.
What struck me later is that it was ironic that two Rolex wearers were shopping at Target, whereas before this recession, maybe neither of us would have been so cost conscious, and that we would end up networking with another lady in line on how to save money on watch repairs. Go figure.
Now I have to figure out how, on a small retirement and Social Security, I am going to pay for the increased insurance premium.
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