Vintage Rolex Sells for Over $1 Million US at Phillips Auction
December 01, 2016
On November 28, 2016 Phillips held an auction in Hong Kong dedicated exclusively to vintage Rolex watches. Rolex Milestones: 38 Legendary Watches That Changed History presented various references that were expertly curated by John Goldberger, the author of 100 Superlative Rolex Watches. He flew across the globe to personally inspect all of the watches chosen for this auction and the result of his efforts was a collection of the rarest and most interesting vintage Rolex models of all time. The watch shown in the photo below, known as the "Padellone" which translates to "large frying pan" from Italian, sold for approximately $1,016,000 US, exceeding the estimate from Phillips prior to auction.
Rolex "Padellone" Reference 8171 (photo: Phillips) |
Half of the timepieces presented at the auction sold, including the "Paul Newman Oyster Sotto" which sold for approximately $753,000 US and the Paul Newman "Panda" with the tropical dial that went for about $629,000 US. Another ultra-rare Rolex that sold in Hong Kong is the Rolex Reference 4645 "Neptune" that went for approximately $753,000 US. To check out the rest of the watches that sold over the weekend, visit Phillips.com. For more information on the models mentioned in this post, visit the Rolex Models section of this blog.
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