24 Oct '16, 11am

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A rare Rolex watch which was bought 50 years ago for £69 is now set to sell for more than £100,000 A rare Rolex watch which was bought 50 years ago for £69 is now set to make its owner more than £100,000. The 1963 Rolex Oyster Perpetual Submariner, a stainless steel bracelet watch with a special explorer dial, is one of only a handful of its type which were sold at the time. Earlier this year, a similar model sold for £192,000. Now another owner is putting his watch on the market, and hopes to secure a six-figure sum. The pensioner, who did not want to be named, has owned the watch since 1963, when his wife bought it for him for £69.10 - around £1,000 in today's money - to celebrate the birth of their first child. In 1963, the cost of a top flight football season ticket was £8.50 and the average cost of a house was £2,500. The man wore it regularly for decades, until he re...

Full article: http://www.dailymail.co.uk/news/article-3866968/Time-cash...

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