What time is it? Watches and horology

Saw this in Reddit.
Ad for a Rolex GMT for $240, guessing it was mid 50s, adjusted for inflation etc. that makes the cost around $2300 in today's buttons.
What's the RRP these days?

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That was my guess, but seems counter-intuitive to me.

Perhaps two wrongs do make a right?

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.

Understood, thanks!

I know bugger all about watches, but that’s rather nice, and it seems like a good price to me. Is it?

I'll take two, thanks...

$8,950 roughly.

Great first mechanical watch, good price.

Passed my BHI diploma after two years of night school and a hell of a lot of work at home in my spare time.

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Congrats Roddy! Get yerself a beer!

That is huge! Congrats!

Amazing! Perhaps motivation was lacking for the quartz module? ;)

congrats!

Big congratulations Roddy, that's a seriously impressive achievement. What are your plans next?

Also, buy yourself one of these to celebrate

#thenakedwatchmaker

Impressive, career change ahead. Well done.

Very cool.
Congratulations!

Congratulations. Is it now that the fun begins?

Big pat on the back for you ol chap.

Cheers. Pay day soon, think I might treat myself.

Thanks all for the kind messages. I'll just carry on as normal which is one day a week at the watch school doing servicing, and adding to my collection which is a bit out of control. I think it would be a cool thing to do as a job when retired, but that's 30+ years away.

ooh cool! It was a Sinn 140a that I was after. I found one, then talked to a few people that had owned them. Turns out there were a few design flaws which I didn't fancy taking on, so I've bumped it off the wish list.

Very interesting movement in the one you posted though, a close relation to the Omega 1040 in my omega 176.007 I guess, with the centre minute chrono hand. Thanks again, I'm tempted ;)

Edit: the Lemania 5012 is a variant of the 5100. Family tree looks like this if you're interested.

I took a half link out of my tailnaster bracelet as it was slightly too loose, put it back in as then it was slightly too tight. Am I screwed, or is there a way of Goldilocks-ing this situation?

Get bigger/thinner wrists?

No micro-adjustment in the clasp?

Don’t think so?

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Get a spare larger link and replace for two smaller ones?