25 Nov '12, 7am

New World Record For Rolex Single Red Prototype In Antiquorum Auction #antiques

:Antiquorum's auction of modern and vintage timepieces conducted on November 11 at the Mandarin Oriental concluded with an outstanding result of $9.1 million and several lots selling for multiple times their original estimates. The top lot of the auction was the rare Rolex single red prototype, Ref 1665 Sea-Dweller Submariner, appearing for the first time at an auction and property of a Japanese collector. It fetched an astounding $521,645 (converted to US dollars from Swiss francs and including buyer's premium), more than 400 percent its estimate. It is the highest price ever paid for a Rolex sports watch and for a Sea Dweller. One of only six known, the "Single Red" was produced in 1967. According to research, this may be one of the only two known examples with escape valve. These watches were the prototypes for subsequent production models of the Sea-Dweller. Their hist...

Full article: http://antiquesandthearts.com/Antiques/AuctionWatch/2012-...

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Rolex sets record at Antiquorum auction

Rolex sets record at Antiquorum auction

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