Jaeger-LeCoultre Memovox Polaris Watch, ca. 1968
GUEST:
This is a watch I got from my father when he passed away. That's 25 years ago, and it sat in my basement all this time. It took me a long time to find out that it's a LeCoultre. And I took it in to a dealer of the same brand of watch, LeCoultre, and they said it's authentic. And they suggested they could get it repaired for me if it needed to be repaired. I didn't know what to do at the time, and then, since then we moved, so it's been on hold.
APPRAISER:
Your watch is signed LeCoultre on the dial. So we know that was made for the U.S. market. The ones for the European market were made with a Jaeger-LeCoultre on the dial.
GUEST:
Okay.
APPRAISER:
This model is called the Polaris. They started making them around 1965. Yours has the broader, luminous markers on it. So that would probably put it around 1967, 1968. These were made for divers, and this is an alarm watch to tell a diver when they should come up. I've never been underwater to hear what it sounds like, but they actually make noise and vibration underwater so that the diver would know. They came with rubber straps because it was a diver's watch.
GUEST:
Oh.
APPRAISER:
So most people would look at that and say the bracelet's been added on. That bracelet on this watch is the original bracelet. Only for the U.S. market they put these bracelets on the watches. So you have an original bracelet.
GUEST:
Hm.
APPRAISER:
And what's really nice about that bracelet is, it's, it's very desirable to collectors and very rare. Now, the watch is a pretty rare watch. There was less than 1,800 of them made. Looking at the watch, you have some issues with the case. It's, it's been worn. The crystal, obviously, has got scratches. That needs to be replaced. That's not a big deal. If you look at the hands of the watch, we see where the luminescent material is getting darker. But still a nice watch. Right now, the market, I would say, is a little bit on the softer side. But in auction today, I would still put the estimate at $20,000 to $25,000.
GUEST:
(exhales) (laughing, voice breaking) Wow. Wow! Oh, that's great. Oh..
APPRAISER:
What would your dad think today if he, if he knew that?
GUEST:
Well, I... (sighs) I don't know. I mean, he got it from his neighbor, and, like, even if it was rare back then, it must have been a very nice gift for him to get. And he must have thought a lot of my father, so I'm proud of him.
APPRAISER:
Had this been totally mint, maybe if you had the box and papers, things like that, I would put an auction estimate of closer to $35,000 on it.
Appraisal Details
Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.
Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."
Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.
Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.
Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.
Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.
Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.