Vintage Gruen: 1910's and prior » Dietrich Gruen (Up/Down)

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Dietrich Gruen (Up/Down) [message #7993]

Wed, 19 April 2017 19:03

rwlewis_ct27
Messages: 7
Registered: April 2017

Gruen Apprentice

Model name :Dietrich Gruen
Type :Pocket Watch
Period/date :
Gender :Gents

Case Maker :
Case Material :18K SG
Case Serial :1010979
Case Style no :

Caliber :
Movement Maker :not known but Meylan or Aggasiz are possibilities
Movement Serial:

Bracelet :

Other info :

Hello,
Earlier I was unable to post pics of my watch so thanks to info I gleaned from other members postings, I emailed them to myself which allowed me to change the file size (I think) Confused

.

YIPEE!! The pics uploaded with no problems. For all you collectors and watch admirers, please enjoy. As I stated in an earlier post, I am hoping someone can narrow down an insurance value for me. I think it's value is somewhere between $9000.00 and $19,500.00, depending on several variables I don't know the answers to; current gold prices, how many were manufactured, how many are in circulation, etc. It is my understanding from a collector in a different forum that most or all the production records were lost when the Norwood facility closed, so there may be no way to get the answer I am looking for, but any info is definitely appreciated.

Thanks,
Bob L.

index.php?t=getfile&id=3300&private=0

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[Updated on: Sun, 04 February 2018 17:27] by Moderator

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Re: continuation of my earlier posts........ [message #8014 is a reply to message #7993]

Tue, 25 April 2017 11:28

Timeticker
Messages: 568
Registered: June 2013
Location: Somewhere in the world

Gruen Master

Um, yeah......that's worth a small fortune!!!! I do not see these chromos that often. Maybe Barney, Mr Hurt, or some of the others can weigh in on the value. I have no idea what this may be worth, but its a beautiful watch, and of considerable value.

Kindest Regards,
Tomas

People you thought were your best friends will stab you in the back to your face!

Love them anyway.
A "Paradoxical Commandment"

[Updated on: Tue, 25 April 2017 11:30]

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Re: continuation of my earlier posts........ [message #8020 is a reply to message #8014]

Tue, 25 April 2017 20:07

rwlewis_ct27
Messages: 7
Registered: April 2017

Gruen Apprentice

Thanks Timeticker. It seems my watch is too rare to get a value narrowed down. I think I will go ahead and pass this heirloom to my son so he can decide (and worry)(lol). Thanks again.

Bob L.

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Re: continuation of my earlier posts........ [message #8021 is a reply to message #8020]

Tue, 25 April 2017 20:33

Barney Green
Messages: 1755
Registered: February 2014
Location: Wolfsburg, Germany

Gruen Authority

Bob,

it is not easy to determine a value of a vintage watch. A vintage watch is always exactly worth what someone is willing to pay for it. Your watch is pretty rare and technically outstanding. Plus it is in pristine shape, so I assume that a number of serious collectors would be interested. That should lead to a sales price in the 3 to 5k$ range.
I personally would not spend that money currently but I know others might do...

Best regards
Barney

Gruen, Gruen, Gruen ist alles was ich habe... Gruen, Gruen, Gruen is all I have...(German folklore song)

[Updated on: Tue, 25 April 2017 20:34]

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Re: continuation of my earlier posts........ [message #8023 is a reply to message #8021]

Tue, 25 April 2017 22:15

afire
Messages: 1350
Registered: May 2013
Location: Wisconsin

Gruen Authority

I tend to agree with Barney's ballpark estimate. And, Bob, I also agree that it's too rare to really pin down an accurate value, which leaves Barney's estimate just that - an estimate. I can't imagine that it wouldn't fetch at least $3000, but at the same time, wouldn't be shocked to find that the right buyer would pay significantly more than $5000 either. Just doing a little preliminary searching, wind indicators in general do seem to add a significant premium. But there are so many variables that it's way beyond my scope of knowledge to say how that would translate to this watch. Most of us here have a pretty good grasp of the wristwatch market. Speaking for myself, my limited knowledge of pocket watch values is largely incidental to my searching for wristwatches. And I suspect the same is true for many others here. On the other forum, somebody mentioned Art Bissell. He's not a member here or at vintagewatchforums.com, but if somebody could get you in touch with him, I'm sure he'd have a good grasp of what this watch could likely fetch. Gruen pocket watches are his specialty. And he could probably educate you on the finer points of that movement.

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Re: continuation of my earlier posts........ [message #8024 is a reply to message #8023]

Tue, 25 April 2017 23:13

Gary
Messages: 2189
Registered: May 2013
Location: Seattle

Gruen Authority
Cheerleader

At my next chapter meeting I will ask a member who recently purchased the same up/down DG as yours. They purchased it at the national event last year.

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Re: continuation of my earlier posts........ [message #8025 is a reply to message #8024]

Wed, 26 April 2017 04:25

JackW
Messages: 1997
Registered: May 2013
Location: Denver

Gruen Authority
Head Janitor
Site Admin

Art is a member here but seems to have focused his forum participation elsewhere. I also emailed him and he sent his reply back via email but didn't offer anything that was overly insightful. He wrote, "Most of the Dietrich dial marked p.w. are from several high grade LeLocle sources not Gruen designs. Since they include a variety of complex and expensive movements not GRUEN designed I do not consider them GRUENs. Avoiding their expense."

All I know is based on hard work & writing by others. I can only aspire to augment this body of knowledge. If I am wrong it is because of my own failings. -me

"If I have seen farther it is by standing on the shoulders of giants." - Newton

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Re: continuation of my earlier posts........ [message #8026 is a reply to message #8025]

Wed, 26 April 2017 14:47

afire
Messages: 1350
Registered: May 2013
Location: Wisconsin

Gruen Authority

Interesting perspective. If applied to wristwatches, that would exclude a whole lot of great models.

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Re: continuation of my earlier posts........ [message #8027 is a reply to message #8026]

Wed, 26 April 2017 15:37

JackW
Messages: 1997
Registered: May 2013
Location: Denver

Gruen Authority
Head Janitor
Site Admin

I was a little underwhelmed by his response. Rolling Eyes

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Re: continuation of my earlier posts........ [message #8028 is a reply to message #8027]

Wed, 26 April 2017 15:51

timeliz
Messages: 602
Registered: May 2013
Location: Northern California

Gruen Master

I was under impressed myself.

I do feel good in that Bob has a better understanding of the value of his family heirloom treasure.

Some things are truely priceless.

"Some days are diamonds, some days are stones..." -John Denver

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Re: continuation of my earlier posts........ [message #8029 is a reply to message #7993]

Wed, 26 April 2017 16:56

JackW
Messages: 1997
Registered: May 2013
Location: Denver

Gruen Authority
Head Janitor
Site Admin

rwlewis_ct27 wrote on Wed, 19 April 2017 19:03

current gold prices

This type of watch, the vagaries of the gold market will not have as much impact as the shifting moods of collectors and the over-all economy.

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Re: continuation of my earlier posts........ [message #8030 is a reply to message #8029]

Wed, 26 April 2017 20:18

C. Hurt
Messages: 243
Registered: May 2013

Gruen Guildsman

I tend to agree with Barney's and Afire's value estimates, but I'm not sure that these are quite as rare as some believe. A google search on "Dietrich Gruen Wind Indicator" turns up several examples including one (in a later case and incorrect box) currently listed at Bogoff. There are at least three others sold in online auctions.

General consensus is that these were made by Lecoultre, although Meylan or Aggasiz are possibilities. Over the years that they were offered, they show up with minor variations that could be attributed to different makers. Jack Goldberg, Tom McIntire, Ben Hsiung and Ethan Leipsig are all pocketwatch collectors of far greater depth and means than me, and might be able to give more detail.

Regardless, a nice watch

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Re: continuation of my earlier posts........ [message #8031 is a reply to message #8030]

Thu, 27 April 2017 05:05

rwlewis_ct27
Messages: 7
Registered: April 2017

Gruen Apprentice

Many thanks to all of you for your insight and for sharing with me. To me this watch is priceless due to my family history and the information you have shared makes it even more valuable, to me and my loved ones. I can not thank you all enough.

Bob L.

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