Antiquorum auction house auctions 300 classic Rolex wristwatches

Antiquorum auction house had an auction that featured over 300 classic Rolex wristwatches from the private collection of Guido Mondani. The fabulous “Mondani collection of Rolex Wristwatches” took a tour of the world before being auctioned off in Geneva in two sessions on April 1 and May 13, 2006 There was enthusiastic response to Rolexes in the first half of its “Mondani Collection of Rolex Wristwatches” sale in Geneva. Phase one of the two-part auctions—whose second section will conclude in Geneva May 13—netted $3.676 million. All 152 lots were sold at 200 percent of their estimated value, with intense bidding from European and Asian buyers.

READ:  Omega Speedmaster Moonwatch "Apollo 15" 40th Anniversary Limited Edition unveiled

Ten lots fetched world-record prices. The sale’s top lot, selling for a world-record price of $286,211 including buyer’s premium, was Rolex’s “Oyster Chronograph Antimagnetic” made in 1941.The rare stainless-steel watch, also dubbed the “Medical Chronograph” or “Stainless Steel Monoblocco” boasts a black dial, round button chronograph, register and pulsometer. The next-highest sale was $242,787 for Rolex’s “Oyster Perpetual, Officially Certified Chronometer, made in 1953.
‘Mondani effect’ on bidding, catapulted the sales of Rolex fetching value beyond their estimates. Guido Mondani has been very strict about the watches purchased for his collection, constantly searching for the finest examples coming onto the market. Many of the watches come with their Original Certificate and Box.
Estimated value of the collection ranges between $12,000-$300,000

READ:  Jaeger-LeCoultre Rendez-Vous Art Haute Joaillerie watches will commemorate the 69th Venice Film Festival