HIT ITV show Million Pound Pawn saw one lucky seller over the moon and flush with cash in the latest episode.
Security consultant and dad of three, Martin, showed pawnbroker Kathy his rare Rolex Daytona, which he originally bought for £20,000.
Martin was thrilled after his Rolex watch was sold for a jackpot of £26k
But what is so special about this item?
The model was one of Rolex’s most successful watches and the value of certain models like this have almost doubled in the last three years.
Martin admitted he had never worn the watch out of fear “of scratching it.”
Kathy looked at the box the Rolex was in and remarked: “This is your watch? Wow.”
The value of the watch had almost doubled in the last three years
Pawnbroker Kathy was impressed with the rare piece
Kathy then turned to her business partner, Stuart, for his advice and to check if the watch was genuine.
Luckily for Martin, Stuart confirmed “this is so sought after, there are so few of them about, everyone wants them. It’s totally genuine, absolutely perfect.”
He added: “Do you know what? I bet it won’t be here a week.”
Viewers later learnt that “Rolex factories shut down during the pandemic and with demand outweighing supply, prices surged.”
Stuart confirmed the watch was genuine
Martin also had a gold bar for Kathy to weigh and come back with a price. She confirmed “it’s pure gold all the way through.”
Kathy added, “We are seeing more gold being bought in because people are taking advantage of selling gold in this current climate”.
She revealed, “in the last two months, gold’s gone up £300 an ounce, it’s historically the highest it’s ever been, so, we’ll pay £15,000”.
Happy to accept a massive £41,000 for both the watch and bar of gold, Martin says, “I’m surprised at what a good investment I actually managed to do with the watch. All in all, it was a good deal.”
The exchange comes after another seller received a far less positive valuation and was left looking on in horror after her grandfather’s fake Rolex was smashed before her eyes.
Elsewhere, a woman was horrified by the meagre valuation her designer handbag collection received.
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