28 Nov '17, 4pm

It's got a bit of wear and tear, but read

London auction house Fellows has set a new house record for a vintage Rolex in its November Watch Sale, with a Rolex Oyster Perpetual Milgauss from 1958 selling for a hammer price of £110,000. The watch, which had been in single ownership since purchase, had been expected to fetch between £40,000 to £60,000. Although there was a bit of wear to the item, this didn’t stop enthusiastic bidders throwing their hats into the ring, bidding on the phone, in the room and on the internet. Watch specialist Steven Yambo said, “This is a stunning result for the watch. We’re delighted that we could do so well for our clients.” Asked why the watch sold for so much money, Yambo replied, “It is very rare to find a Rolex Milgauss nowadays. This is the first one we have had for sale, hopefully it’s not the last!” About the Rolex Milgauss The name Milgauss is derived from mille, one-thousand,...

Full article: http://www.antique-collecting.co.uk/rolex-sets-new-house-...

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