30 Nov '16, 1pm

Red hot #vintage #Rolex market shows no sign of cooling

Red hot #vintage #Rolex market shows no sign of cooling

The red hot market for vintage luxury watches shows no signs of cooling, with Phillips auction house recording record prices at this week’s specialist Rolex sale in Hong Kong. The sale was marketed as Rolex Milestones: 38 Legendary Watches That Shaped History, the first time an auction had been themed for a single brand by Phillips in Asia. Almost half of the Rolexes (47%) sold at prices above their high pre-sale estimate, with the average price per timepiece $200,000. Story continues below Advertisement The top lot of the sale, a Rolex Reference 8171 ‘Padellone’ in stainless steel, sold for just over $1 million, a new auction record for a Rolex in Asia. The top 10 lots were: ROLEX, Ref. 8171 ‘Padellone’. A stainless steel triple calendar wristwatch with moonphases, which sold for $1,015,732. 2. ROLEX, Ref. 4645. A yellow gold square wristwatch with cloisonné enamel dial d...

Full article: http://www.watchpro.com/red-hot-vintage-rolex-market-show...

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