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A Rare Rolex Submariner Sold for Over £200,000 at Auction

November 17th, 2020
Rolex submariner Gardiner Houlgate

Gardiner Houlgate auctioneers in Wiltshire sold a rare Rolex Submariner Reference 5512 for £210,000 to a collector based in Hong Kong. This Submariner 5512 features an incredibly rare “3-6-9” dial.

The original owner of the watch worked as a medical attendant at the former Shirebrook Colliery, Mansfield. He is known to purchase the Submariner on his 40th birthday.

However, the fascinating fact is that the miner purchased this Rolex Submariner with a rare dial only for £70 in 1964. And today, the watch fetched more than £200,000 at auction.

The Rare Rolex Submariner 5512

The auctioneer and director at the Wiltshire auction house, David Hare, was extremely contented by the result. He asserted that –

The sum of £210,000 is overwhelming for a timepiece that cost only £70 nearly 54years ago.

Moreover, this Rolex Submariner watch had much sentimental attachment with the family of the late owner. Eventually, the family was overjoyed with the price that their sentimental piece fetched at auction.

It was unexpected for them as the family never confronted anything like this ever before.

The Rolex Submariner Reference 5512 featuring the unique “3-6-9” dial layout is indeed rare. However, Gardiner Houlgate has earlier sold nine iterations of this particular model. In May 2016, a Rolex Submariner with the similar Explorer 3-6-9 dial hammered down for £ 192,000.

However, the daughter and son-in-law of the original owner who also resides in Mansfield sold this rare Rolex Submariner.

David Hare said in a statement –

“It never ceases to amaze me that, after 60years, we are still able to discover such rare pieces.”

The Reason Behind the Watch’s Six-Figure Value

The coal miner at the Shirebrook Colliery in Mansfield purchased this unique Submariner 5512 in 1964 as his 40th birthday present. After he died in 1995, the timepiece passed down to his daughter and son-in-law.

And this sentimental piece sold for £210,000 in total that left the miner’s family elated. However, the most significant reason behind the new six-figure price of the timepiece is the scarce 3-6-9 Explorer dial.

Rolex produced the Submariner 5512 versions with this face during the early 1960s for a shorter period. So the Submariners flaunting this unique Crown 62 dial type is very limited in numbers.

The fact is that when Rolex received these watches for servicing, they replaced the original dial with a new one. So Submariners featuring their original “3-6-9” dial are extremely rare to find.

And fortunately, the Mansfield miner’s Submariner Reference 5512 is one of those that retain it, contributing to its new six-figure value. Additionally, the watch had its original box, booklet and also, the original owner’s scanned pictures strapping his pride and joy.

The son-in-law of the miner stated –

“Things like this just don’t happen to us. Having worked all our lives to be able to enjoy retirement, this will give my wife and I the added financial security we’ve dreamt of”.

The original owner actually shifted to Mansfield for working in the mines during the Second World War as a part of the then-government conscription programme “Bevin Boys”.

However, he then worked as a bus driver of East Midlands for a time. Later, he rejoined as a medical attendant in the mines. In 1955, the miner died.

David Hare added, “This sale proves it’s worth checking through your drawers to see what’s there”. And it is indeed a piece of wise advice.

Check through your drawers too to see whether there is an old or vintage Rolex watch that you no longer intend to use. Instead of letting it gather dust lying in the drawer, you can decide to sell your Rolex watch and raise cash that you can further use to invest in a new one or any other things.

Your old Rolex timepiece can fetch you hundred thousands of pounds. So get a free valuation today from trusted Rolex watch buyers in London at The Luxury Hut.

Fill up our online form, providing all details on your watch and get a free quote shortly. Or call on 0207 242 5411 now for an instant appraisal over the phone.

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