This is a watch that looks like it is worth multiples of the original retail price.  Louis Erard is known for creating the most classic Regulator watches there is. The condition is great and fitted a new 21mm leather band. 
 
Details:
 
Brand: Louis Erard
Model: Regulator Anniversary 1931
Reference: 206
Year: 2012 (Approximation)
Material: Stainless Steel
Dimensions:  40mm
Crystal:  Sapphire
Movement: Manual Wound 
Bracelet/Strap: Aftermarket Leather Band 
Box/Papers: No/No