Christie's Auction Brings in Record Breaking Rolex Watch Price at $1.2 Million

Written By: Paul Altieri

During the May, 12 Christie’s auction in Geneva a very rare 1949 Rolex Oyster Perpetual watch reached a record breaking price of $1,220,632. The watch is officially the most expensive Rolex wristwatch ever sold.

1.2 million rolex watch — $1.2 Million Rolex Watch from Christie’s Auction

What could possibly justify the price tag you might ask? This is no ordinary Rolex watch. Considered one of the most important pieces ever manufactured by Rolex, this special wristwatch has a number of fascinating features. This unique watch was designed by a famous Geneva artist named Marguerite Koch and features a cloisonné enamel dial. The dial depicts a whale and ship sailing through a sea of heavy waves.

About Paul Altieri

Paul Altieri is a vintage and pre-owned Rolex specialist, entrepreneur, and the founder and CEO of BobsWatches.com. - the largest and most trusted name in luxury watches. He is widely considered a pioneer in the industry for bringing transparency and innovation to a once-considered stagnant industry. His experience spans over 35 years and he has been published in numerous publications including Forbes, The NY Times, WatchPro, and Fortune Magazine. Paul is committed to staying up-to-date with the latest research and developments in the watch industry and e-commerce, and regularly engages with other professionals in the industry. He is a member of the IWJG, the AWCI and a graduate of the GIA. Alongside running the premier retailer of pre-owned Rolex watches, Paul is a prominent Rolex watch collector himself amassing one of the largest private collections of rare timepieces. In an interview with the WSJ lifestyle/fashion editor Christina Binkley, Paul opened his vault to display his extensive collection of vintage Rolex Submariners and Daytonas. Paul Altieri is a trusted and recognized authority in the watch industry with a proven track record of expertise, professionalism, and commitment to excellence.