Rare Rolex Oyster Perpetual sets a world record by fetching $722,000

Switzerland saw a stunning array of rare as well as exotic watches being sold under the hammer. However, the evening’s prized catch was the Rolex “Oyster Perpetual,” a rare wristwatch set in 14-carat yellow gold that features a cloisonné enamel dial by Marguerite Koch, which depicts the two Americas. The pre-sale estimates for the stunning Rolex was set at CHF 130,000 – 190,000 ($142,100- 207,710). However, when the hammer came down on this exquisite watch, the new owner had forked out a staggering CHF 662,500 ($722,000), which was thrice its original estimated price. This sale has set a world record for a time-only Rolex wristwatch and a record for a Rolex cloisonné enamel dial timepiece. The entire auction earned as much as CHF 6,457,937 ($7,057,360).
Thanks Michelle Halpern

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