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BOB’S WATCHES

ROLEX BLOG

9 Rolex Watches that Shattered their Estimates at Phillips Auction

December 1, 2015

BY Paul Altieri

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Phillips auction

Images courtesy of Phillips

A recap of the Phillip’s Hong Kong Watch Auction: One

Right on the heels of their very successful Geneva Watch Auction: Two, Phillips just hosted another watch auction but this time on the other side of the world in Hong Kong. The auction had a spectacular array of important and rare men’s and women’s timepieces from brands such as Rolex, Patek Philippe, A. LANGE & SÖHNE, Van Cleef & Arpels, Breguet, and Audemars Piguet.

The most expensive watch sold at the event was naturally the Patek Philippe 3450 (estimate: $ 1,031,885 – $2,063,770)., which was touted as the highlight of the auction. It sold right in the middle of its low and high estimate at $1,552,987.

 

Phillips HK Watch Auction

Daytona Paul Newman 6263 “Panda” , Daytona Paul Newman 6264 “John Player Special” & Chronograph 6036 “Jean-Claude Killy”. (Images courtesy of Phillips)

Interestingly, the two of the three highest valued Rolex of the night – Daytona Paul Newman 6264 “John Player Special” (estimate: $322,464 – $451,450) and Chronograph 6036 “Jean-Claude Killy” (estimate: $206,377 – $309,566) – did not sell, while the most expensive Rolex of the night – Daytona Paul Newman 6263 “Panda” (estimate: $206,377 – $309,566) sold just shy of its high estimate at $299,246.

Some of our favorite Rolex models going into the auction were the yellow gold GMT-Master 6542 (estimate: $134,145 – $185,739) with original bakelite bezel,  the Submariner 5510 “Big Crown” (estimate: $61,913 – 77,391) and the GMT-Master 1675 (estimate: $25,797 – $38,695) sporting a transitional case without crown guards. Each achieved a strong sale number at $190,898,  $72,554 and $41,920 respectively.

GMT-Master 6542 & Submariner 5510 Big Crown

GMT-Master 6542 & Submariner 5510 “Big Crown” (Images courtesy of Phillips)

Some Rolex Day-Date models did exceptionally well at the auction including a Day-Date 1804 with the logo of a Japanese bespoke tailoring service, M. Kubo, on the dial, a Day-Date 118238 with a coral stone dial, and a Day-Date 1811 “Stella”.

As expected, the stainless steel Daytona Paul Newman 6262 performed well, selling for $146,000 – $200,000 above its high estimate. A surprising star of the Rolex line up was the Sea-Dweller 16600 “Tiffany & Co.” which sold at almost four times its high estimate for a final price of $32,250.

Here’s a recap of some of the Rolex watches that sold beyond their high estimates at the Phillip’s Hong Kong Watch Auction: One.

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1. Cosmograph Daytona Paul Newman 6262

Cosmograph Daytona Paul Newman 6262

Cosmograph Daytona Paul Newman 6262 (Image courtesy of Phillips)

Circa: 1971

Estimate $79,971 – $128,985.  Sold for: $146,011

 

2. Cosmograph Daytona 6263

Rolex Cosmograph Daytona 6263

Cosmograph Daytona 6263 (Image courtesy of Phillips)

Circa: 1986

Estimate $51,594 – $77,391 Sold for: $106,413

 

3. Cosmograph 6239 “Solo”

Cosmograph 6239 Solo

Cosmograph 6239 “Solo” (Image courtesy of Phillips)

Circa: 1963

Estimate $51,594 – $77,391. Sold for: $96,739

 

4. Day-Date 1804 “M.Kubo”

 

Rolex Day-Date 1804 M.Kubo

Day-Date 1804 “M.Kubo” (Image courtesy of Phillips)

Circa: 1960

Estimate $58,043 – 77,391. Sold for: $114,474

 

5. Day-Date 118238 “Coral Stone Dial”

Rolex Day-Date 118238 Coral Stone Dial

Day-Date 118238 “Coral Stone Dial” (Image courtesy of Phillips)

Circa 2010

Estimate $32,246 – 51,594. Sold for: $87,065

 

6. Day-Date 1811 “Stella”

Day-Date 1811 Stella

Day-Date 1811 “Stella” (Image courtesy of Phillips)

Circa: 1974

Estimate $23,217 – $32,246. Sold for $58,043

 

7. Submariner 6536-1 “Small Crown”

Rolex Submariner 6536-1 Small Crown

Submariner 6536-1 “Small Crown” (Image courtesy of Phillips)

Circa: 1956

Estimate $15,478 – $19,347. Sold for $35,471

 

8. Prince 912

Prince 912

Prince 912 (Image courtesy of Phillips)

Circa: 1939

Estimate $10,318- $15,478. Sold for $45,144.

 

9. Sea-Dweller 16600 “Tiffany & Co.”

Rolex Sea-Dweller 16600 Tiffany & Co. at phillips auction

Sea-Dweller 16600 “Tiffany & Co.” (Image courtesy of Phillips)

Circa: 1993

Estimate $6,191 – $8,255. Sold for $32,246.

As with any auction, there were some hits and some misses at the Phillip’s Hong Kong Watch Auction: One, and that is part and parcel of collecting vintage Rolex watches. We are now gearing up for what should be two very exciting watch auctions by Sotheby’s and Christies taking place this month in New York City.

 

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