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Gravity · 17 June 2018, 04:57 AM

Last night at Christie's An Evening of Exceptional Watches auction in New York, where $7.77 million in watches was sold, a Rolex made history. A “Very Fine, Extraordinarily Rare and Early Stainless Steel Automatic Wristwatch with Center Seconds and Gilt 'Explorer Dial'“ sold for a cool $1,068,500 – making this a world record for a Rolex Submariner sold at auction.

https://www.forbes.com/sites/roberta.../#6be0d3d138ee

jatco · 17 June 2018, 05:19 AM

Quote:

Originally Posted by Gravity

Last night at Christie's An Evening of Exceptional Watches auction in New York, where $7.77 million in watches was sold, a Rolex made history. A “Very Fine, Extraordinarily Rare and Early Stainless Steel Automatic Wristwatch with Center Seconds and Gilt 'Explorer Dial'“ sold for a cool $1,068,500 – making this a world record for a Rolex Submariner sold at auction.

https://www.forbes.com/sites/roberta.../#6be0d3d138ee

Incredible......
thx for the read

Sandpit · 17 June 2018, 07:01 PM

Just ridiculous

G'ed · 17 June 2018, 07:10 PM

Does it come with bezel?

Brew · 17 June 2018, 07:19 PM

Why? What do I not appreciate about that piece? I am clearly missing something.

Sandpit · 17 June 2018, 07:57 PM

Quote:

Originally Posted by Brew

Why? What do I not appreciate about that piece? I am clearly missing something.

We all are. Apparently part of the hype (if I’m remembering correctly) was because it was used everyday by a painter and decorator or something. He removed the bezel because it got paint behind it. I don’t know if the watch itself is rare by any means but if the “story” has added significantly to the value then it’s just getting out of hand.

Here’s more from HODINKEE https://www.hodinkee.com/articles/ro...expensive-ever

Brew · 17 June 2018, 07:59 PM

Quote:

Originally Posted by Sandpit

We all are.

Ah, ok, thanks.

Vetracer · 17 June 2018, 08:03 PM

Trying to understand the human psychology behind such a purchase. The buyer who is probably anonymous, has bought bragging rights amoungst his peers. Not everyone has that kinda spare change lying around to squander on an old watch.

Either that or the buyer is slightly insane.

Casey VP-26 · 17 June 2018, 09:02 PM

"WOW" This watch was owned by a painter.

AK797 · 17 June 2018, 09:58 PM

Quote:

Originally Posted by Vetracer

Trying to understand the human psychology behind such a purchase. The buyer who is probably anonymous, has bought bragging rights amoungst his peers. Not everyone has that kinda spare change lying around to squander on an old watch.

Either that or the buyer is slightly insane.

Lots of people have money now and want what no one else can have, I expect to see lots of "rare watches" coming to auction this year, while the going is very good.

brandrea · 17 June 2018, 10:01 PM

Quote:

Originally Posted by AK797

Lots of people have money now and want what no one else can have, I expect to see lots of "rare watches" coming to auction this year, while the going is very good.

Same applies to modern SS references

AK797 · 17 June 2018, 10:09 PM

Quote:

Originally Posted by brandrea

Same applies to modern SS references

Yup, even if priced at a million bucks at least auctions have preview days so you can actually see the watch, which you can't for love nor money for some of the mass produced Safe-Dwellers.

NAVY · 17 June 2018, 10:11 PM

Apparently not ...

Quote:

Originally Posted by G'ed

Does it come with bezel?

stevep1041 · 17 June 2018, 11:43 PM

Who was the painter, Da Vinci?

AF_Rob · 17 June 2018, 11:59 PM

Quote:

Originally Posted by Casey VP-26

"WOW" This watch was owned by a painter.

I know, right? A piece (though very rare) comes with a missing bezel and bracelet and sells for over 1 million dollars? I don't get it. But, it was owned by the original purchaser and worn as a tool for decades and never polished! … Yeah, I don't care.

I just don't get it, like many others here. There is hope for Doc with his scratched up Smurf. :)

Wcdhtwn · 18 June 2018, 12:24 AM

The missing bezel and cracked crystal added $1,068,000 to the value.

clock · 18 June 2018, 12:28 AM

Quote:

Originally Posted by AF_Rob

I know, right? A piece (though very rare) comes with a missing bezel and bracelet and sells for over 1 million dollars? I don't get it. But, it was owned by the original purchaser and worn as a tool for decades and never polished! … Yeah, I don't care.

I just don't get it, like many others here. There is hope for Doc with his scratched up Smurf. :)

Yea and no box and papers!

Yobber76 · 18 June 2018, 12:44 AM

Quote:

Originally Posted by stevep1041

Who was the painter, Da Vinci?

LOL I was going to say Michelangelo!

Alimamy · 18 June 2018, 12:45 AM

I'm not very knowledgeable of the vintage collectors scene. Is the idea that the dial and case are in good condition, so that if a bezel and bracelet were sourced the owner has a good condition rare vintage watch?

T01 · 18 June 2018, 02:11 AM

Wow

superdog · 18 June 2018, 02:17 AM

Sorry. That’s just stupid.

Chewbacca · 18 June 2018, 02:21 AM

thanks for reminding me.

i need to send the wire transfer.

Speedbird-1 · 18 June 2018, 02:31 AM

I bet, on reflection, the under bidder was relieved.

RolexEDC · 18 June 2018, 02:44 AM

At least put the right size strap on it lol

Shaky · 18 June 2018, 03:08 AM

There was talk of it coming back on the market as a new improved version having gone through a thorough restoration.

I assume that means the will tastefully and delicately add the original parts....such as splashed of magnolia paint and white gloss splashes.

I for one will want to know if period correct paint was used before I make any offer.

I also heard that Dulux paints are disputing the provenance of this piece.

tacotaco · 18 June 2018, 03:31 AM

Rolex bubble continues to expand

Nikrnic · 18 June 2018, 03:42 AM

The lunatics have taken over the asylum

Sent from my SM-G900V using Tapatalk

Fleetlord · 18 June 2018, 04:04 AM

This is important as each scratch, mark and patina has a specific lineage that can be traced to one owner!

The importance of this piece as a reflection of the limitless cash driving the vintage market cannot be overstated...

GradyPhilpott · 18 June 2018, 04:21 AM

Everything is worth what someone is willing to pay for it.

I've read that, or words to that effect, a million times on watch forums.

It's no less true in this case than it is in any case.

Whoever paid that amount for the watch apparently knows more about the watch than we do.

Either that, or he's lost his mind.

SkyDwelling · 18 June 2018, 04:28 AM

Quote:

Originally Posted by stevep1041

Who was the painter, Da Vinci?

17 June 2018, 04:57 AM	#1
Gravity "TRF" Member Join Date: May 2014 Real Name: Eric Location: Los Angeles Posts: 1,094	Submariner Sells for Record $1 Million at Christie's Last night at Christie's An Evening of Exceptional Watches auction in New York, where $7.77 million in watches was sold, a Rolex made history. A “Very Fine, Extraordinarily Rare and Early Stainless Steel Automatic Wristwatch with Center Seconds and Gilt 'Explorer Dial'“ sold for a cool $1,068,500 – making this a world record for a Rolex Submariner sold at auction. https://www.forbes.com/sites/roberta.../#6be0d3d138ee

18 June 2018, 02:17 AM	#21
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,681	Sorry. That’s just stupid. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

18 June 2018, 04:21 AM	#29
GradyPhilpott 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: 116710 BLNR Posts: 34,345	Everything is worth what someone is willing to pay for it. I've read that, or words to that effect, a million times on watch forums. It's no less true in this case than it is in any case. Whoever paid that amount for the watch apparently knows more about the watch than we do. Either that, or he's lost his mind. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

17 June 2018, 07:01 PM	#3
Sandpit "TRF" Member Join Date: Jan 2018 Location: Middle East Posts: 1,809	Just ridiculous

17 June 2018, 07:10 PM	#4
G'ed "TRF" Member Join Date: May 2015 Location: RolexHQ boardroom Posts: 1,232	Does it come with bezel?

17 June 2018, 07:19 PM	#5
Brew "TRF" Member Join Date: Mar 2018 Real Name: Larry Location: Finger Lakes Posts: 6,007	Why? What do I not appreciate about that piece? I am clearly missing something.

17 June 2018, 08:03 PM	#8
Vetracer "TRF" Member Join Date: Aug 2015 Real Name: Vetracer Location: London Watch: Daytona 116500LN Posts: 577	Trying to understand the human psychology behind such a purchase. The buyer who is probably anonymous, has bought bragging rights amoungst his peers. Not everyone has that kinda spare change lying around to squander on an old watch. Either that or the buyer is slightly insane.

17 June 2018, 09:02 PM	#9
Casey VP-26 "TRF" Member Join Date: Jun 2009 Location: America Posts: 2,671	"WOW" This watch was owned by a painter.

17 June 2018, 11:43 PM	#14
stevep1041 "TRF" Member Join Date: Oct 2008 Location: aylesbury u.k. Posts: 150	Who was the painter, Da Vinci?

18 June 2018, 12:24 AM	#16
Wcdhtwn "TRF" Member Join Date: Aug 2015 Location: Houston Watch: SkyD, SD43, GMT2 Posts: 4,975	The missing bezel and cracked crystal added $1,068,000 to the value.

18 June 2018, 12:45 AM	#19
Alimamy "TRF" Member Join Date: Apr 2017 Location: US Watch: 114060;124270 Posts: 101	I'm not very knowledgeable of the vintage collectors scene. Is the idea that the dial and case are in good condition, so that if a bezel and bracelet were sourced the owner has a good condition rare vintage watch?

18 June 2018, 02:11 AM	#20
T01 "TRF" Member Join Date: Jan 2013 Real Name: T Location: AZ, NV, CA Posts: 6,481	Wow

18 June 2018, 02:21 AM	#22
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,113	thanks for reminding me. i need to send the wire transfer.

18 June 2018, 02:31 AM	#23
Speedbird-1 "TRF" Member Join Date: Aug 2009 Real Name: Steve. Location: UK Posts: 6,061	I bet, on reflection, the under bidder was relieved.

18 June 2018, 02:44 AM	#24
RolexEDC "TRF" Member Join Date: May 2017 Location: USA Posts: 318	At least put the right size strap on it lol

18 June 2018, 03:08 AM	#25
Shaky "TRF" Member Join Date: Jun 2016 Location: UK Posts: 1,125	There was talk of it coming back on the market as a new improved version having gone through a thorough restoration. I assume that means the will tastefully and delicately add the original parts....such as splashed of magnolia paint and white gloss splashes. I for one will want to know if period correct paint was used before I make any offer. I also heard that Dulux paints are disputing the provenance of this piece.

18 June 2018, 03:31 AM	#26
tacotaco "TRF" Member Join Date: Aug 2013 Location: KCMO Watch: Daytona C - Black Posts: 398	Rolex bubble continues to expand

18 June 2018, 03:42 AM	#27
Nikrnic "TRF" Member Join Date: May 2017 Real Name: Louis Nick Ric Location: Michigan, USA Watch: Blnr, Expll, Subs, Posts: 10,158	The lunatics have taken over the asylum Sent from my SM-G900V using Tapatalk

18 June 2018, 04:04 AM	#28
Fleetlord "TRF" Member Join Date: May 2013 Location: Vain Posts: 5,910	This is important as each scratch, mark and patina has a specific lineage that can be traced to one owner! The importance of this piece as a reflection of the limitless cash driving the vintage market cannot be overstated...

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