Wednesday 14th August 2019 - Belle Gait
A vintage Rolex surprised when it went to auction with Fellows this week achieving 4 times its estimate!
We probably all recognise that a vintage designer wristwatch can fetch a pretty penny; especially when it’s a Rolex. Possibly one of the most well-known names in the watch industry, Rolex has come to attain this coveted position for a number of reasons.
One of the main reasons being that they hold their value; produced in limited numbers and sold only through authorised retailers meaning they are never sold at cheap prices – allowing the customer to retain that sense of luxury and exclusivity. They are inherently good watches, technologically sound and up to date, they will last the owner’s lifetime with proper care and service. Rolex have models available for every possible wearer from diver to driver and deemed as heirloom pieces; they truly stand the test of time.
But, imagine a vintage Rolex fetching 4 times its estimate..?! That’s what happened at one of our auctioneers’ sales this week! The hammer fell on the vintage Rolex Oyster Perpetual Explorer watch at a price of £25,000 this afternoon.
The stunning vintage 1954 Rolex, made of stainless steel was complete with the back of the case engraved and Arabic numerals 3,6 and 9 on the black dial. This particular model, originally called Rolex Oyster Perpetual, was made popular after a prototype was used in the first successful ascent of Mount Everest.
Sir Edmund Hillary and Sherpa Tenzing Norgay were sponsored by the Swiss company to climb to the summit of Everest and did so with Sir Edmund wearing an early Rolex Oyster Perpetual watch. The watch proved it was able to cope with the combination of extreme temperatures, pressure and the altitude encountered on Everest, the word Explorer was added to the watch after the successful climb and subsequently became very popular with serious mountain climbers.
Originally estimated at £4,800 to £5,800 the watch actually cost the auction winner a total of £31,900.
Fellows watch specialist Steven Yambo said: “This Explorer is an incredibly early model with a lovely aged dial, so it isn’t a surprise that it sold for this amount.”
Here at EasyLiveAuction we have a plethora of auctioneers and provide a platform for both buyers and sellers to come together to exchange these stunning vintage watches whether as a one-off gift or for the avid collector. Why not start your search today, and if you don’t find what you're looking for you can always set an alert.