As I said, premiums charged for "punch guarantees" and "service papers" are ludicrous. Many collectors/hobbyists seem to confuse papers with provenance. In that respect, I put more value on service papers than an old punch guarantee that changed hands 100 times. When I got into this hobby, I asked the question about how much does paperwork add to a watch's value. The consensus was 15-20%...Times have changed.
They are nice to have but would you pay 50 to 100% premiums for those? (and yes, some charge this). There's a run of the mill 16750 for 7K on another sales board. So that punch guarantee puts this watch in that range. I guess as long as people are willing to pay, the premium for papers will remain.
This message has been edited by Faz99Master from IP address 188.8.131.52 on Jun 28, 2011 9:46 AM