Monday, 11 December 2017

Current location: News | Watches & Jewellery

Rare Rolex watch sold for $65,000 in UK auction

The Rolex watch was found to be a rare variant from the second world war

A rare Rolex watch bought at a car boot sale has sold for £46,000 ($65,339), after it was found to be a rare variant from the second world war.

It was auctioned by Wright Marshall in Cheshire on March 21.

It was originally bought for just £10 ($14) by the consignor's father and was expected to sell for around £500.

Rolex Italian watch
The watch was made between 1941 and 1943

It was later identified as a Rolex 17 Rubis Panerai 3636, produced in a limited run of 618 for the Italian navy during world war two.

Niall Williams, a spokesman for the auction house, told the Daily Mail: "It came to us on a valuation day by a chap with it in his pocket. The wind-up mechanism didn't work properly and so wasn't in perfect condition…

"When I told the vendor afterwards it sold for £46,000 he thought I had said £4,000 to £6,000 and I had to repeat it three times before he believed me."

Please sign up to our free newsletter to receive exciting news about watch and jewellery auctions.

More watches and jewellery news

Your collecting

View our stock items for sale  |  Portfolios for sale

Guides and analysis

Investing in Watches and Jewellery  |  10 reasons to invest in collectibles  |  Which asset is right for you?

Images: Wright Marshall

Last updated: 22 March 2016