27 Dec '13, 7pm

WATCHES: 1950 Sleeping Beauty Rolex Sells For a Record Breaking $1.14M | via @DJBOBBYTRENDS

Awakened from her long slumber, a 1950 Sleeping Beauty Rolex timepiece recently fetched 1.14 million, four times its estimated value and set a new world record when it was sold at Christie’s New York. The stainless steel ref. 8171 Rolex was initially estimated to fetch $250,000-$350,000. The timepiece, previously nicknamed the “Padellone” (Big Frying Pan in Italian) is one of the most complicated Rolexes ever made. It features a triple date and moonphase display. Only 1000 pieces were ever made, but it wasn’t until the recent sale that the model was put in the same league as its counterpart Ref. 4113, an oversized stainless steel chronograph made in 1942 that became the world’s most expensive Rolex ever when it sold at auction for $1.16 million in Geneva.

Full article: http://www.djbobbytrends.com/watches-1950-sleeping-beauty...

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