Thursday, March 31, 2011

World record amount paid for Rolex wristwatch

Antiquorum's most recent watch auction, "Important Modern & Vintage Timepieces", was held in Geneva on Sunday, March 27, with a result of  CHF 6,457,937 (USD 7,057, 360) for 564 timepieces, with 83 % sold.

One of the most notable sales was that of Lot 527 - Rolex "Oyster Perpetual" Ref. 6284, an extremely rare 14k yellow gold wristwatch with a cloisonné enamel dial of the two Americas by Marguerite Koch. The pre-sale estimate for this watch was CHF 130,000 - 190,000, but it realised a staggering CHF 662,500, a world record not only for a time-only Rolex watch, but a record for a Rolex cloisonné enamel dial timepiece as well.

Here is the description from the catalogue :

LOT 527

Rolex Ref. 6284 Two Americas Cloisonne Dial by Marguerite Koch Rolex, "Oyster Perpetual", Ref. 6284. Made in only six examples circa 1950. Exceptionally rare and fine, self-winding, water-resistant, 14K yellow gold wristwatch with cloisonné enamel map of the two Americas. 

Sold (including buyer's premium) : 662,500 CHF


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