29 Nov '16, 3am

Record Set for Most Expensive #Rolex Sold in Asia, at Just Over US$1m. More here:

Record Set for Most Expensive #Rolex Sold in Asia, at Just Over US$1m. More here:

Share Facebook Twitter Pinterest Weibo Mail Instagram Rolex Milestones: 38 Legendary Watches That Shaped History , Phillips’ evening sale on November 28 was its first thematic auction in Asia, becoming a milestone in itself, just a year after another record was set for a Patek Philippe ref. 2499 . A total of HK$60.9m or US$7.84m was raised during the sale, with the stainless steel Rolex ref. 8171 “Padellone” accounting for HK$7.88m or US$1.02m, all fees included, setting the record for the most expensive Rolex sold at auction in Asia. It went to an prominent Asian collector, who was bidding on the phone via Sam Hines, Phillips’ watch chief in Asia. Translating as “frying pan”, the Padellone gets its name from its wide, 38mm case. The specimen at Phillips was in stainless steel, the most desirable metal of an already rare model. Produced for a brief period in the 1950s, the...

Full article: http://watchesbysjx.com/2016/11/record-set-for-most-expen...

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