[not quite] a million dollar Rolex!
Hi everyone, hope you all are enjoying your Memorial Day weekend. Just wanted to close the loop on my earlier post about the Rolex Split-Second Chronograph (Ref. 4113) that recently went up for auction by Christie’s auction house. As discussed, there was much speculation whether this would be the first “million dollar Rolex”, and yes indeed the record setting Rolex wristwatch sold for $1,163,340. But let me be a bit of a spoiler and note that this price included the buyer’s premium (the fee the Buyer pays to the auction house) of roughly $206,000 (~21.5%). The actual hammer price was $956,750 — just shy of the $1 million mark. Either way, this is the all-time high price paid for any Rolex at auction. Here’s a close-up look at the record setting Rolex Ref. 4113:
Lot Description: Rolex. An extraordinarily rare, oversized stainless steel split seconds chronograph wristwatch Signed Rolex, Chronographe, Antimagnetique, ref. 4113, case no. 051318, manufactured in 1942 Cal. Valjoux 55 VBR 17 2/3”’ nickel-finished lever movement, 17 jewels, silvered matte dial, applied pink gold Arabic and baton numerals, outer minute divisions, blue telemetre and black tachymetre scales, two subsidiary dials for constant seconds and 30 minutes register, oversized circular case, fluted lugs, snap on back, split seconds chronograph mechanism operated through two rectangular chronograph buttons in the band and one round chronograph button in the crown, case, dial and movement signed; 44 mm. diam.
If you want to see how the record setting Rolex sale went down, here is the 3 minute “action-packed” auction in its entirety:
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Actually it is quite boring, right? But if you’ve never seen a watch auction before, now you know!