MFI — Item detail · high-value collectible (richer v4)
Springboard: v3 item page + inherit-deep "as INHERIT data" + rolex high-value example. Richer: provenance timeline, valuation comparables, insurance link, bequest + substitute — all preserved & enriched; chattel tax layer added lightly + honestly (counts for IHT; no CGT on a personal watch).

Rolex Submariner Date, Ref. 116610LN

Jewellery & Watches · Watches 40mm · Oystersteel Discontinued (2020) High-value item

What this is

Maker

Rolex SA · Wikidata Q62288

Model / reference

Submariner Date 116610LN

Movement

Cal. 3135, COSC certified

Case

40mm Oystersteel (904L)

Bezel

Cerachrom ceramic, unidirectional

Serial number

Z8****2 (engraved rehaut)

Box & papers

Full set (box, warranty card, hangtags)

Current location

Home safe (Spaces › Home safe)

Photos INHERIT guided

Recommended views for Jewellery & Watches (from category-guidance.json)

✓

Overview

✓

Dial close-up

✓

Serial no.

✓

Box & papers

Condition

Caseback

Condition

Overall grade

Very good — light wear

Last service

Rolex UK, May 2023 (stamped card)

Bracelet stretch

Minimal

Crystal / bezel

No chips; bezel rotates cleanly

Plain English: "Very good" means it has been worn but cared for — no damage that lowers the value.

Valuation INHERIT comparables

£9,200 High confidence

Source: OpenInherit AI · based on 23 verified comparable sales · valued 14 June 2026

The 116610LN is one of the most actively traded watches in the world — 23 verified sales in the last 90 days. The full set (box & papers) adds roughly £500–£800 over a watch-only example.

116610LN
Full set 2019

£9,100

Watchfinder · Feb 2026

Excellent, full set

WF: W016845

94%

116610LN
Full set 2017

£8,750

Chrono24 · Mar 2026

Very good, full set

C24: 38291047

91%

116610LN
Full set 2016

£8,200

Subdial · Jan 2026

Very good, full set

Subdial: SD-8827

90%

116610LN
Watch only

£7,400

eBay · Feb 2026

Good, watch only

eBay: 3847291055

68%

Provenance & ownership INHERIT record

A clear chain of ownership protects the value and makes the executor's job simple.

March 2018 · Purchase

Bought new from Rolex Authorised Dealer

Watches of Switzerland, Manchester. Paid £6,600. Original purchaser: David Richards.
📄 Receipt on file
May 2023 · Service

Full service by Rolex UK

Movement serviced, gaskets replaced, 2-year service guarantee. Stamped service card retained.
📄 Service card on file
June 2026 · Valuation

Valued for the estate

£9,200 against 23 comparable sales. Documented here for the will and for the executor.

Recommended actions INHERIT rules

🛡️

Confirm it is a specified item on your insurance

Worth over £5,000. Home contents policies often cap a single item — this watch should be listed by name and value.

High

📷

Add a condition photo

A close-up of the bracelet and clasp. Condition can move the value by £500–£1,500.

Medium

As INHERIT data open standard

Everything on this page is structured, portable data — not locked into MFI. This is what powers it.

Feature	INHERIT source	What it does here
Identity & brand	`asset.maker` → Wikidata Q62288	Links the maker to an open reference so the record is unambiguous
Photo guidance	`category-guidance.json` → recommendedViewTypes	Shows which photos this category needs; ticks off what you have
Valuation + comparables	`valuation.json` → comparables[] with matchScore	23 comparable sales with a match %, each citing its source listing ID
Provenance	`asset.provenance[]` → dated events + documents	Purchase, service and valuation history, with documents attached
Bequest	`bequest.beneficiary` + `bequest.substitute`	Who inherits it, and who inherits if they cannot
IHT estate value	`tax.iht.estateContribution` (E&W)	Adds £9,200 to the estate total used for the IHT calculation
CGT treatment	`tax.cgt.chattelExemption`	Flags the watch as an exempt personal chattel — no CGT on death

Who this is left to

James Richards

Son

✓ Specific gift in your will

If James cannot inherit, this passes to his children equally (substitute gift). You can change this at any time.

Insurance

PolicyAviva Home · #AV-4471

Listed as specified item✓ Yes

Sum insured£9,500

RenewsSept 2026

This item & tax

Counts toward your estate+ £9,200

Capital Gains Tax on deathNone

Inheritance Tax: a watch is part of your estate, so its £9,200 value is included in the total used to work out IHT.

Capital Gains Tax: a watch is a personal chattel (a personal possession), so there is no CGT to pay on it when it passes on death. Plain English — you do not need to do anything here.

Computed against INHERIT · E&W Tax · reviewed: Stable

Valuation is an estimate based on comparable sales and is not a formal insurance or probate valuation. Tax figures are a guide computed against the INHERIT E&W Tax module and shown for planning only — they are not tax advice. We will never charge your card automatically.

Built on INHERIT v2

This demo is built on INHERIT v2 — an open standard for describing an estate. We show you honestly which parts of this screen the standard can hold today, which are planned, and which are still gaps.

Supported now1 entriesThe standard already has a place for this today.
Supported now · shared core1 entriesSupported by the part of the standard shared across our brands.
Planned2 entriesA change proposal covers this. Where we can check the standard’s own record, we show its status.
Gap — needs planning0 entriesOn the screen, but no change proposal covers it yet. These still need planning.
Not a standard concept0 entriesPage furniture, or something we decided the standard should not hold.

4 traced entries on this screen, from two overlapping traces

Each entry comes from either the screen’s feature list or the data the screen displays. The two traces overlap, so one feature can appear twice: these are entries, not a count of distinct features.

PlannedCondition grade, maker and provenance facets
ICP-0007 Valuation lifecycle enrichmentICP-0046 Multi-opinion / consensus valuation shapeICP-0014 Collector records bundleICP-0013 Condition gradingICP-0054 Asset-side external-registry enrichmentICP-0055 Asset enrichment facets: maker/external-id
traced from the data this screen displays
PlannedNamed item + its value
ICP-0001 Port v1 consumer-estate surface into v2 (approved in the standard)ICP-0030 Catalogue item-import adapter (pending in the standard)ICP-0062 Collections & asset disposition
traced from the data this screen displays
Supported nowHow the valuation was reached
Comes from: record.assets_registry.0.valuation_methodology
a field on the validated INHERIT v2 estate record
traced from the data this screen displays
Supported now · shared corecatalogue.item-detail
Shared core: shared-core#catalogue.item-detail
traced from the screen’s feature list

The 30 change proposals this demo relies on

A change proposal (ICP) is a tracked request to extend the standard. These are the ones behind the “Planned” features across all 32 screens — and the few already adopted and built. Where the standard has a written proposal we show its status from the standard’s own record; where it does not, we say so rather than guess.

ICP-0001 · TT-657 — Port v1 consumer-estate surface into v2 (approved in the standard)
ICP-0002 · TT-658 — IHT 36% reduced charity rate (approved in the standard)
ICP-0006 · TT-663 — Marketplace & dealer model (tracked; no written proposal yet)
ICP-0007 · TT-664 — Valuation lifecycle enrichment (tracked; no written proposal yet)
ICP-0008 · TT-665 — Delegation, stewardship & marketplace integrity (tracked; no written proposal yet)
ICP-0013 · TT-672 — Condition grading (tracked; no written proposal yet)
ICP-0014 · TT-673 — Collector records bundle (tracked; no written proposal yet)
ICP-0015 · TT-674 — Legal-assurance model (pending in the standard)
ICP-0016 · TT-681 — Professional engagement & marketplace data model (approved in the standard)
ICP-0019 · TT-684 — Executor / personal-representative appointment & powers model (pending in the standard)
ICP-0020 · TT-685 — Distribution-logic primitives: survivorship, age-contingent, abatement, cy-près (pending in the standard)
ICP-0021 · TT-686 — Wishes, directives & plan-assessment primitives (pending in the standard)
ICP-0022 · TT-1029 — Post-death estate-administration & will-lifecycle domain (pending in the standard)
ICP-0024 · TT-1031 — Nomination / expression-of-wish — non-testamentary transfer route (pending in the standard)
ICP-0026 · TT-1033 — Free-text→structured multi-entity extraction (pending in the standard)
ICP-0027 · TT-1034 — Living-Monitoring change-event model (pending in the standard)
ICP-0028 · TT-1040 — Couple / mirror-vs-mutual wills modelling (pending in the standard)
ICP-0029 · TT-1068 — Insurance-cover model (pending in the standard)
ICP-0030 · TT-1069 — Catalogue item-import adapter (pending in the standard)
ICP-0033 · TT-1131 — Executor pre-death readiness facet (tracked; no written proposal yet)
ICP-0034 · TT-1132 — E&W IHT spouse exemption (tracked; no written proposal yet)
ICP-0044 · TT-1143 — Steward/authority-grant remuneration facet + paid-helper undue-influence safeguard (tracked; no written proposal yet)
ICP-0045 · TT-1014 — general Media/attachment primitive (tracked; no written proposal yet)
ICP-0046 · TT-1144 — Multi-opinion / consensus valuation shape (tracked; no written proposal yet)
ICP-0047 · TT-1145 — Compute faith fixed-shares (tracked; no written proposal yet)
ICP-0052 · TT-1172 — Funeral & farewell domain (tracked; no written proposal yet)
ICP-0054 · TT-1174 — Asset-side external-registry enrichment (tracked; no written proposal yet)
ICP-0055 · TT-1175 — Asset enrichment facets: maker/external-id (tracked; no written proposal yet)
ICP-0061 · TT-687 — Heir collaboration & asset-claim resolution (tracked; no written proposal yet)
ICP-0062 · TT-688 — Collections & asset disposition (tracked; no written proposal yet)

Checked against a pinned copy of the standard’s change-proposal register (69 proposals, standard at main@f63ca72e116d), and against the standard’s own record of what it has adopted (24 written proposals, 66 computed rules). Sample estate — demo data, no sign-up.