Insurance

[ttquattroman]

Hi Guys,

Any idea what value an EP120 should be insured for? Need to re do my contents insurance soon.

Thanks

Peter

[StampeSV4]

Think mine's insured for £10k, which is what I understand the last one sold for.

Mind you, bearing in mind the number of people hunting for one, that might be a bit light - £10k certainly wouldn't be enough to tempt me to sell.

Regards

Jon'.

[Jonny]

Originally Posted by StampeSV4

Think mine's insured for £10k, which is what I understand the last one sold for.

FYI but the last sale of an EP120 that I've managed to track down is £6.4k (from Australia). That was a couple of months ago.




Like most urban myths, the '£10k EP120' would appear to be just that - a myth!

[ATG]

and that would mean that the only sales information available on the EP120 is on the internet..?

I myself have been involved in the resale of one for £9K but its a mute point as hardly anyone who owns one will part with it but I imagine will leave it in the family for their offspring.....

[StampeSV4]

Originally Posted by ATG

and that would mean that the only sales information available on the EP120 is on the internet..?

I myself have been involved in the resale of one for £9K but its a mute point as hardly anyone who owns one will part with it but I imagine will leave it in the family for their offspring.....

Exactly!

If you can find any for the original rrp, just let me know and I'll take two. Dream on...

By the way, the £10k EP is not an urban myth either, that was a genuine "non-internet" sale. If you want one - which you do judging by your WTB ad' - that's the sort of figure you'll have to pay.

Regards

Jon'.

[Jonny]

Originally Posted by StampeSV4

Exactly!

If you can find any for the original rrp, just let me know and I'll take two. Dream on...

By the way, the £10k EP is not an urban myth either, that was a genuine "non-internet" sale. If you want one - which you do judging by your WTB ad' - that's the sort of figure you'll have to pay.

Regards

Jon'.

Jon,

I also used to be under the impression that £10k was the going rate for an EP120. It was AM94 who corrected me on this point. There is obviously a difference between what people think that they are worth and what people are willing to pay.

The £6.4k price is a fact. (You can ask Claus, the seller, yourself). The £10k price is a myth. ("I heard this, I heard that, my mate told me etc etc"). If you really want a laugh, you should hear what a certain Bremont AD told me that they were now worth. Pure Jackanory!

[StampeSV4]

Remember we are talking about insurance values here.

Whatever you think about the £10k sale, the fact remains that one has definitely sold for £9k by the very person who knows more about what these are really worth than anyone.

So to go back to Peter's original question about insurance, £10k is probably about right, particularly if you want to replace it swiftly and need to prise one out of the owner's hands, rather than waiting for a distress sale.

Regards

Jon'.

[Jonny]

Ah, true, true. But I was responding to the "which is what I understand the last one sold for" part of your post.

Anyway, I guess that we now have an actual 'acid test'. Since we have started discussing this matter a few days ago, a forum member has put an EP120 up for sale on here (and on Altitude). (And although I've got WTBs currently out on both sites, the seller hasn't bothered to contact me directly about it!) Anyway, the asking price is £9k. So, I guess that once/if it sells, we will all get a very good idea of the current market value of EP120s.

[thxultra]

I've got mine insured for around £10k but dont have to give individual prices for each item just a grand total of them all together.

I think the resale value of these watches is really what ever anyone's prepared to pay as you can't buy from a dealer anymore. I also think they're a bit more special as it was bremont's first limited addition, it was the first DLC watch and the run is less than what they do now.

[ttquattroman]

Thanks Guys,

I have now taken all of the advice provided here and increased the insurance to 10K+.

Once again many thanks

Peter