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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.

New Rolex 2020 Watches on Trend Right Now

November 11th, 2020
sell Rolex datejust 41

Rolex is synonymous to luxury and fame. It is allegedly the most esteemed watch brand that has set a standard in the horology industry with its avant-garde creations over the years.

However, it is indeed a matter of patience to acquire a Rolex watch. The most sought-after Rolexes can have you on a waiting list of up to nearly 5 to 6 years. And it is obvious as demand surpasses supply.

Why Rolex has so much craze? This Geneva-based Swiss watchmaker produces timepieces with incredible durability and precision. They are Superlative Chronometer certified. However, another significant fact that escalates the demand of Rolex watches is –

Rolex is one of the few watch brands whose watches retain value and also, appreciate over time, making them worthy of investment.

Nevertheless, the brand introduced its new 2020 watches that come with the incredible power of attraction, and you cannot afford to miss it. So let’s take a look at the most popular Rolex watches that are on the trend this year.

The Rolex Watches that Are Moving Forward

Rolex has a wide array of iconic watch collections in its catalogue. However, the models that are evoking the most vehement passion from collectors in 2020 are the Rolex Submariner and the GMT-Master. These are two of the cornerstone and ultimate professional watches available in the brand’s catalogue.

  • Stainless steel models are more popular than the gold editions.
  • The moderate price of steel watches is one of the significant reasons.
  • Moreover, people typically prefer this material more for regular use.

Rolex revived the Submariner lineup and introduced the new 41mm Submariner versions. Eventually, the 41mm size has become one of the most famous case diameters, appealing to both men and women.

The new Rolex Sky-Dweller also comes with equally attractive features to lure its global enthusiasts.

sell rolex submariner date

The New Rolex Submariner Date

Among the Rolex 2020 launches, the watch that is celebrating unanimous craze and praise across the world is the Oyster Perpetual Submariner Date in stainless steel.

What boosts its appeal is the green Cerachrom bezel encircling the upgraded 41mm case.

  • Interestingly, Rolex also offered its cousin Oyster Perpetual Submariner a similar updated silhouette.
  • Moreover, both the models house new movements that have a non-magnetic escapement.
  • Rolex offered the Calibre 3235 movement in the Submariner lineup for the first time, powering the new 41mm Submariner Date version.

On the contrary, the Calibre 3230 made its debut with the updated Oyster Perpetual Submariner version.

sell rolex oyster perpetual watch

The New Oyster Perpetual Gains Blink

Rolex also flashed its popular Oyster Perpetual collection for 2020, introducing it in 41mm size for the first time. And the 41mm is the unmistakably popular diameter for this year.

However, the 36mm Oyster Perpetual version is no lagging behind. The brand unleashed this lineup offering vibrantly colourful dials, including turquoise and coral.

Furthermore, Rolex launched a grey Rolesor edition of the Oyster Perpetual Datejust 31 for 2020. What’s more tempting is that the new Datejust also comes in coloured dials – White lacquer, Anthracite, Mint Green, and Aubergine.

The Calibre 2236 powering the new grey Rolesor Datejust, serves as the cherry on the top. This movement features a Rolex’s patented silicon balance-spring.

So which is your favourite among these Rolex novelties? What model are you looking to own to be on vogue? Well, no matter which one you choose, you will have to wait patiently. The waitlist is as usual long.

However, if you are looking to sell your Rolex watch, fill up our online form now to get a free competitive quote shortly. We buy all genuine and authenticated Rolex watches for a fair and accurate price in the pre-owned market.

Explore More:

Rolex Introduced New Datejust 31 Watches for 2020

The Discontinued Rolex Submariner Hulk Price Skyrockets in Pre-owned Market

November 3rd, 2020
sell rolex submariner hulk

The news and images of the new Rolex 2020 watches spread like a bonfire on all social media platforms. And one of the most significant launches this year is the new Rolex Submariner.

The watchmaker upgraded its iconic Submariner lineup for the first time in eight years. However, while the new 41mm Submariner made its debut, Rolex discontinued the popular Submariner Reference 116610LV or “HULK” along with all previous Submariner generations.

Now:

With the discontinuation of the Submariner Hulk in 2020, the second hand market exploded. And it is turning crazier than ever.

The private sales listing price of Hulk is known to have increased immediately by a skyrocketing £3,867 approx overnight.

Discontinuation of Hulk: The Second hand Market Storm

The rumours about the discontinuation of the iconic Hulk started at the end of 2019. Since then, the prices of this beloved Submariner began to ascend.

At a time when this rumour was becoming more of a reality, the price of the Hulk Submariners hit a record of nearly £11.99K. And on the eve of the launch of the new Rolex 2020 watches, the prices reached about £12.76K – £13.15K level.

Rolex introduced the Submariner “Hulk” Reference 116610LV at Baselworld watch fair in 2010. And it became an instant hit upon its debut.

While it flaunts a vibrant and instantly-recognisable colour, the Hulk was considered to be a unique and very bold release from Rolex.

Indeed, the bright green colour of this Submariner appeared something novel and different from most of the other Rolexes.

Featuring a stainless steel case of 40mm, a striking green bezel and dial, the Submariner Hulk is a true classic that people have adored throughout its more than 50years long history. It is one of those exceptional Rolex watches that watch lovers will miss dearly, and those who missed the opportunity of buying it will regret forever.

After Rolex unveiled its new 2020 novelties, it has removed the incredibly coveted “Hulk” from its website. And today, in spite of the global pandemic and present global economic downturn, this discontinued Rolex is creating frenzy across various watch forums and on all sale listings.

The day when Rolex officially announced the discontinuation of Hulk, the market price of both unsold and sold listings has escalated overnight. However, the sold listings’ price is much lower in comparison to the unsold listings’ price.

The Perfect Outbreak

The Rolex Submariner Hulk has caused an outbreak in the “watches internet” after it has been officially discontinued. The new Submariner Kermit is undoubtedly enticing. But the ‘Hulk’ was the Submariner in a championship of its own.

Speculations regarding the discontinuation of Hulk have been passing over for many years. However, this year, it was heavily speculated. In fact, watch enthusiasts pretty much expected that Rolex is going to refresh its Submariner collection this year.

This is because the previous generation Calibre 3135 movement was powering all contemporary Submariners. However, Rolex unveiled the second generation Calibre 3235 movement in 2015 that offers 70-hour power reserve.

And the watchmaker has already equipped many of its mainstay collections with this second-generation movement, including the Sea-Dweller and the Yacht-Master.

Well, not all discontinued watches follow the same trajectory as the Submariner Hulk. The fact is that the Submariner is among the most popular and coveted Rolex collections. It already enjoys strong sales both in the retail and second hand market.

When it comes to the Hulk Submariner, it had appealed to many collectors when it first introduced, with its unique green colour. And over the years, its popularity has grown steadily, and today after discontinuation, the demand of Hulk has increased more. The watch has reached a jaw-dropping price level in the pre-owned market and it is expected that the price will continue to skyrocket.

With this in mind, for those who already own a Submariner Hulk and want to raise extra cash, it is ideally the best time to sell your Rolex watch to potential watch buyers and secure an excellent price.

Explore More:

A Guide to New Rolex Sky-Dweller Watches for 2020

Service Your Rolex Watch

October 19th, 2020
sell my rolex watch

Rolex makes its watches using the highest quality components and maintaining the highest standards. They are robust and durable, ensuring to last a lifetime.

However, like any other mechanical items, a Rolex watch also needs periodic maintenance and proper care. So experts recommend servicing your Rolex watch regularly at its specified service intervals.

This will keep your luxury timepiece in its perfect mechanical condition, retaining its sheen at the same time for many years. And it will add to the overall value that you are likely to obtain when you sell your Rolex watch in the pre-owned market.

Reasons to service your Rolex watch

Generally, mechanical watches need servicing because lubricants break down with time. While the primary motive is to reduce friction, watchmakers use various specialised lubricants throughout their watch’s movement.

Eventually, the movement functions smoothly with little friction as much as possible. Now:

  • If the lubricants seize up, it can augment the friction and eventually, damage the components.
  • Earlier, a watch was recommended servicing every year or two.
  • However, as the lubricant system or materials improved, the service interval has increased significantly over the decades.

Today, Rolex uses modern movement designs and new lubricants. Thus, the service interval of a Rolex watch has increased to at least every ten years for ensuring top-notch performance.

sell rolex watches

How often should you service Rolex watches?

All contemporary Rolex watches require servicing about every ten years. While they are built to last for years, your Rolex watch may function smoothly far longer than its recommended service time.

  • However, it is better to get it serviced before it begins to show any problems.
  • This will help in minimising wear and keep your timepiece in the best condition as much as possible.

On the contrary, you may require servicing an old or vintage Rolex watch more frequently, especially if you wear it daily.

However, many vintage Rolex watches are highly collectable. And their collectability and value is significantly dependant on their main features being original.

With this in mind, servicing a vintage Rolex model is often a dubious matter. In that case, it is recommended that owners should at least store their vintage watches in a secure box, preferably in its original box.

The Rolex Servicing Process

It would help if you never try to service your Rolex watch by own at home. Keep in mind that your luxury watch houses a highly precise automatic movement and other delicate components. It needs specialised equipment as well as substantial knowledge for proper servicing.

  • Thus, service your Rolex timepiece only by a professional or by Rolex itself.
  • While servicing, the watch is entirely disassembled, including its case and movement.
  • Everything is cleaned, oiled and then, re-assembled.

If ever you decide to sell your Rolex watch to raise fast cash, make sure to provide the service receipt along with other essential documents (if any). This may increase the value and eventually, the final price that you are likely to receive for your pre-owned Rolex watch.

Want to sell Rolex watches in London for the best price? Fill up our online form now to get a free competitive quote shortly. Or call on 0207 242 5411 for an instant valuation over the phone.

Christie’s “The Dubai Edit” Watch Auction Will Sell Rolex Limited Editions

October 13th, 2020
sell rolex watches

Christie’s will carry out the special “Watches Online: The Dubai Edit” digital auction for the UAE market between October 15 and 29. The auction event will provide customers with the opportunities of virtual viewings and online bidding.

Moreover, people who want to see the watches in person can book an appointment at the Dubai office of Christie’s in Dubai International Financial Centre. The timepieces on sale will be available for viewings between 10 am and 8 pm until October 14.

The Dubai Edit watch sale consists of 161 lots, and Christie’s billed it as “the most valuable online watch sale ever” with a total estimate of about £3.84million.

However, this particular auction for the UAE market will feature unique Rolex watches that will not only appeal to dedicated auction-goers but also the first-time bidders.

Watches Online: The Dubai Edit – Highlights

The director of Christie’s watch department in Dubai, Remy Julia, will turn up with a Rolex that was exclusively created for the British Royal Navy in 1977 for serious collectors.

The steel Rolex Submariner Milsub Reference 5513/17, enlisted as the lot 155, was equipped with specifications of British Ministry of Defense.

  • For instance, the watch features a legible symbol for the radioactive isotope Tritium. It is indicated as a circled T.
  • Moreover, this Submariner Milsub comes with a marked case-back, displaying a Ministry of Defense unit number, issue numbers and military broad arrow symbol.

It is one of the most valuable timepieces on sale at this Christie’s Dubai auction, having an estimate between £107,278 and £183,920.

Another Rolex watch as chosen by watch experts of Christie’s is a steel and white gold Sky-Dweller.

  • Listed as lot 132, Rolex made this Reference 326934 for the UAE Ministry of Defense.
  • And it is estimated to fetch between £19,162 and £38,324.

However, Lot 127 consists of white gold and diamond Rolex Day-Date. This Rolex Reference 1803, sporting an oxblood dial, was developed for the Sultanate of Oman. The auction house estimates it to fetch from £38,324 to £61,306.

Another Rolex at Christie’s The Dubai Edit auction is a steel Daytona, also created for the Sultanate. Enlisted as Lot 128, this Daytona Reference 116520 has an estimate between £22,984 and £50,000.

rolex watch auction

Another unique Rolex watch with military provenance as chosen by watch expert Mathieu Ruffat is an extremely rare gold Day-Date.

  • This Rolex Reference 18238 of 1995 is listed as Lot 23 and was made for the UAE Armed Forces.
  • However, this “very rare” watch comes with a champagne dial that flaunts the UAE flag complete with a golden eagle in the centre.
  • The dial also displays a star for all seven emirates.

This gold Rolex Day-Date Reference 18238 is estimated to sell for £9,194 – £13,792.

There is also a highly coveted Rolex Submariner from 1961 on sale. It is a steel Submariner Reference 5512, Lot 154 with pointed crown guards and a rare black gloss dial.

  • However, the dial exhibits two lines of gilt printing.
  • While a watch like this can be very rarely spotted in the market, its demand is expected to be higher.
  • It is evaluated to fetch between £22,990 and £38,317.

Other Unique Watches on Christie’s Dubai Watch Sale

Christie’s “The Dubai Edit” watches sale will also include two Patek Philippe watches and an Omega.

The Omega watch is a pink-gold and diamond Seamaster, flaunting a portrait of Bahrain’s Sheikh Isa Bin Salman AI Khalifa on the dial. It has an estimate of £7,662 – £11,493.

On the other hand, The Dubai Edit is offering two Patek Philippe watches.

  • The first one, Lot 90, is a 1980s keyless, skeleton timepiece (Reference 912), embellished with gold, pearls, rubies and diamonds.
  • This unique, ornate Patek is one of the only five iterations known to have been ever produced, having an estimate of £26,819 – £38,314.

Another Patek on sale is a scarce Nautilus in steel and gold from 1982. Patek Philippe has made no significant changes to the Reference 3700/11AJ since its debut in 1976.

However, the more interesting fact is that only 20 of this Patek Philippe Nautilus are known to have popped up in public. Thus, it makes the Reference 3700/11AJ on sale worthy of its estimate £19,149 – £26,809.

For those who are looking to sell Rolex watches in London for the best price, fill up our online form and get a free competitive quote shortly. Or call on 0207 242 5411 now to book an appointment and visit our Hatton Garden office in London to sell your Rolex in person.

5 Unknown Facts about the Vintage Rolex “Red Submariner” 1680

September 29th, 2020
sell Rolex submariner

The Red Submariner is one of the iconic Rolex watches that virtually all watch enthusiasts want to include in their collection. This rare, coveted vintage Rolex timepiece is difficult to find.

Considered as highly collectable, the Red Rolex Submariner commands a higher price than its non-red siblings. If you ever have the scope to get hands-on an original Red Sub Reference 1680, thanks to your lucky stars. This watch is indeed an excellent investment as it will retain great value with time.

So here we have jotted down some of the facts about the iconic Rolex Red Submariner 1680 that you probably do not know, especially if you are a new collector. However, these facts make the watch hold a historically significant place in the horology industry. Take a look!

  • It is the only Submariner to feature “SUBMARINER” text in red

Rolex ceased the production of the Red Submariner Reference 1680 in the 1970s. Since then, the brand offered all subsequent editions of the Submariner a wholly black and white dial.

Eventually, it becomes easier to identify the rare Red Sub timepieces. The colour and name instantly show up against the homogenous colour silhouette of the timepiece.

  • It is the first Submariner to receive a date functionality

The Rolex Reference 1680 was the first-ever Submariner to sport a date window at 3 o’clock side. Moreover, the Cyclops lens set above the date aperture offered better magnification.

However, while Rolex offered the watch an added date function, the brand also had to equip it with a new movement.

Thus, the Red Rolex Submariner Reference 1680 made its debut, housing the then-new Calibre 1575 movement.

  • It is the only Submariner Date model to sport an acrylic crystal

Rolex furnished the Red Submariner Reference 1680 with acrylic crystal. Interestingly, the watchmaker fitted every subsequent Date Submariner versions that start with the Reference 16800 with sapphire crystal.

This means that the Reference 1680 is the only Submariner Date edition to feature an acrylic crystal, thereby making it incredibly unique.

sell my Rolex submariner

  • The Red Rolex Submariner 1680 is available in seven dial types

What makes the Rolex Red Submariner 1680 collection more appealing is its dial variations. Indeed, Rolex offered this reference in seven different types of dials.

  • The Red Sub 1680 originally featured a Fat-Font bezel

Rolex unveiled the Submariner Reference 1680 initially offering a “fat-font” bezel. The bezel attained this moniker due to its thicker numerals on it.

However, this “fat-font” bezel showed the tendency of fading with time. Thus, the watchmaker replaced it with “thin-font” bezels during routine servicing.

Regardless, it is evident that spotting a Red Rolex Submariner Reference 1680 with the original “fat-font” bezel will be pretty challenging. However, it will be undoubtedly worth your effort.

Significant Features of the Rolex “Red Submariner” Reference 1680

  • Made of Stainless steel and comes with 40mm case diameter
  • Features a matte black dial with the name “SUBMARINER” engraved in the red hue
  • Fitted with Acrylic crystal and Cyclops lens above the date aperture
  • Comes with a 60-minute rotating bezel and the signature Oyster bracelet
  • Powered by Rolex Calibre 1575 movement
  • Water-resistant up to 200m (660ft).

Overall, these unique character traits mentioned above make the iconic Red Submariner 1680 one of the most coveted vintage Rolex watches in the world.

However, the market for vintage Rolex timepieces is booming today with surge prices. Thus, for those who are looking to upgrade their watch collection or simply, want to raise some fast cash, can decide to sell vintage Rolex watches with confidence.

Your luxury watch is likely to fetch you a premium from trusted vintage Rolex buyers at The Luxury Hut, especially if it is in excellent condition.

Fill up our online form now and get a free competitive quote. Or call on 0207 242 5411 for an instant appraisal over the phone.

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