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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 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 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.
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.
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:
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.
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.
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.
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.
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.
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!
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.
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.
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.
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.
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.
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.
Among the most awaited 2020 releases of Rolex are the four new Oyster Perpetual Datejust 31 watches. Rolex unveiled the new Datejust references with 31mm case size, targeting a female audience.
Moreover, these new watches are encased in the signature “Rolesor” that merges 18ct white gold with Oystersteel. The elite Swiss watchmaker also offered them in different colourways. The Rolex Datejust 31 of 2020 is indeed becoming a more popular model in the range of women’s watches.
It is considered as an extremely versatile watch that comes with a wide range of options. Continue reading below to explore all the essential features of the new Rolex Datejust 31 watches of 2020.
Among the recent Datejust 31 models, the first reference sports a gem-set bezel and a sunray-finished aubergine dial. It also features Roman numeral “VI” embellished with diamonds at 6 o’clock position.
Moreover, each model features index hour markers, Roman numerals and hands, made up of 18ct white gold.
Rolex introduced the new Datejust 31 offering a 31mm case size. However, the watch comes with the brand’s patented Twinlock water-resistance system. Overall, it is water-resistant up to 100m (330ft).
Moreover, Rolex forged the new Datejust references out of the signature “Rolesor” – a unique combination of Oystersteel and 18ct gold.
Rolex equipped the new Datejust 31 watches with the self-winding Calibre 2236 movement.
And the brand’s proprietary paraflex shock-absorbers help in boosting the shock resistance ability of the movement. The movement offers 55hours of power reserve.
Rolex offered every reference of the white “Rolesor” Datejust 31 two bracelet options – the dressier Jubilee five-link bracelet or a sportier Oyster three-link bracelet.
On the other hand, the ones with dark grey and mint green-coloured dials come with the Jubilee bracelet and a concealed “Crownclasp”.
However, the new Rolex Datejust 31 with aubergine dial and diamond bezel retails for about £12,399. While the dark grey and mint green models are available for nearly £6,219, the white lacquer dial reference retails for about £6,026.
Regardless, are you looking to sell Rolex watches for the best price? Fill up our online form now to get a free competitive quote immediately.
Since its inception in 1905, Rolex has been relentlessly creating incredible pieces of technology and style that uplifted the standard of watchmaking. A Rolex watch is designed to underline one’s personality and style, working more than a mere timekeeper. Thus, it is no longer a paradox why Rolex is so expensive.
Rolex has indeed crafted some of the most versatile and best watches in the world. From the iconic Submariner, revolutionary Daytona to the composed Air-King and Cellini, there is a Rolex for every taste and lifestyle.
However, today we have listed some of the best casual Rolex watches for men that are prized for their classic aesthetics and minimalistic features. Also, they are indeed sought-after among collectors too.
Have a look!
The Rolex Day-Date President collection is most recognised and revered for their gold watches that portray status symbols.
In fact, the Rolex President Day-Date Gold is one of the most iconic editions of the collection. But it might not be a yellow gold watch that you would like to wear every day.
Thus, we have called attention to the Day-Date reference 118139 in this list of casual Rolex timepieces.
The watch is also water-resistant up to 100m. Moreover, the watch runs on the self-winding Calibre 3155 movement.
With a simplistic design, durable steel polish and self-winding movement, the Air-King 5500 has all characteristics required to be an ideal casual watch.
The watch features a 34mm case that ensures comfortable wear on the wrist.
And the signature Rolex coronet set at the 12-hour position on the dial creates a subtle statement.
The Rolex Oyster Perpetual has enjoyed one of the longest production runs.
The watch houses a perpetual movement that is equipped with the brand’s patented self-winding functionality.
However, Rolex offers the model in different dial colour options to choose from, including a classic white dial and a vibrant red grape-toned dial.
The reference 114300 measures a 39mm case. Interestingly, it is the largest case size option available today in the Oyster Perpetual collection.
No doubt, the Rolex GMT-Master II is today one of the most coveted tool models in the brand’s catalogue.
If you consider its historical significance and top-notch functionalities, you cannot go wrong a Rolex GMT-Master II watch.
However, the specific model that we would highlight for this list of casual Rolex men’s watches is the GMT-Master II 116710.
Moreover, the bezel features a ceramic insert, offering resistant to corrosion, fading and scratches.
The Submariner is ideally the most recognised Rolex model in the world. Those who aren’t still aware might be interested to know why Rolex Submariner is so popular.
The Rolex Submariner is available in a wide array of dial, bezel and metal options. However, the classic steel version with black dial and bezel yet remains the most coveted.
Thus, when it comes to casual Rolex watches, the Submariner Reference 16610 is a common choice.
For those who are looking to sell Rolex watches in London for the best price, get in touch with the trusted watch buyers at The Luxury Hut.
Fill up a simple online form, providing all the details of your Rolex watch and receive a free competitive quote shortly.
The Luxury Hut offers a quick and secure way to sell Rolex both online and via appointment.
Thus, you can also call on 0207 242 5411 to book an appointment and visit our office in Hatton Garden, London with your asset.
We will assess your watch precisely and make you a final offer on the spot. Accept and get paid instantly.
The outbreak of COVID-19 was expected to decrease the luxury watch sales both in the retail and second hand market. But fortunately, the pandemic could not significantly influence the high-end watch market by reducing their sales across the world.
Thanks to the digital marketing and online channels, it boosted online sales dramatically than ever before.
Luxury watches are available in stainless steel, platinum, and gold and also may come with a rugged coating for durability in harsh conditions.
However, they are not immune to the pandemic situation. Eventually, the overall exports of Swiss watches decreased by nearly 81.3% in April.
But the interesting fact is:
The grandeur, value and appeal of these high-end watches continued to prove influential, even during the lockdown time.
All these factors distressed the watch sales this year.
Although consumers were now more vigilant about spending because of COVID-19, Chinese dealers continued to sell watches online to especially local customers in the UK and the US.
However, at a time when Swiss watches’ exports were smashing into a low in April, British luxury watch dealers reported that they experienced a boost in the sales by about 82%.
Nearly 80% of their businesses come from domestic customers rather than passing traders or tourists.
It is further reported that –
Customers during the lockdown began shopping online from 8 a.m. till 10 p.m. And the scenario was the same every day.
Moreover, some watch specialists also stated that the level of conversion is much higher worldwide.
However, besides the watch, the demand for fine jewellery also remained virtually the same. This is mainly because both watches and jewellery typically retain their value well over the years.
Thus, they continue to be a wise investment for consumers who can afford them.
Well, many essential factors like the rarity, value and durability are keeping the sales of luxury watches buoyant even in this atypical year.
Whether it is in the retail or the pre-owned watch market, online platforms significantly boosted the watch sales during the crisis time.
Unlike any other luxury items, the watch industry has hardly suffered from severe damages due to COVID-19. However, the pandemic has significantly influenced the dynamics of the luxury watch businesses.
While the physical stores were closed, many brands like Vacheron Constantin and Panerai went online immediately to keep the sales up, communicate and forge a closer tie with customers.
Moreover, leading watch retailers and also, second hand watch dealers accelerated their digital investment. They made substantial efforts to upgrade their websites to boost online watch sales and reach more customers.
However, are you looking to sell your watch for the best price? Fill up our online form now to get a free valuation.
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