A dealer will often recut / refinish the case with a grinding wheel or dremel to bring the case back to a finish similar to its factory original. This removes quite a lot of metal and can only be done so many times before you’ve no case left. Collectors hate it but inexperienced buyers love the idea of a vintage watch that “looks like it is new”. Unsuspecting buyers often think they’re buying a mint (barely worn) watch but actually it’s a refurbished one.
So basically this sale is aimed at dealers, not collectors.
A dealer will often recut / refinish the case with a grinding wheel or dremel to bring the case back to a finish similar to its factory original. This removes quite a lot of metal and can only be done so many times before you’ve no case left. Collectors hate it but inexperienced buyers love the idea of a vintage watch that “looks like it is new”. Unsuspecting buyers often think they’re buying a mint (barely worn) watch but actually it’s a refurbished one.
So basically this sale is aimed at dealers, not collectors.