In a new record, a rare Rolex watch sold for more than $ 200,000
The American auction house announced the sale of a rare Rolex watch made in 1992, for more than 200 thousand dollars, in a new record for this type of auction, which deals with different types of historical watches.
The house explained in statment On its official website, the auction attracted 1,374 international visitors wishing to acquire this rare piece, which made the auctions of heritage and luxury watches top the house’s sales with more than 3 million dollars.
“We knew the market was exceptionally hot at the moment, but the results at this auction have exceeded even our most optimistic hopes,” said Jim Wolf, head of heritage watch auctions.
— Heritage Auctions (@HeritageAuction) November 22, 2021
“Demand for luxury Rolex watches is growing, and we’ve seen a strong performance of modern tourbillon watches, which is an indication that collectors are now focusing on some of the newer and more complex specialty watches.”
The historical watch consists of a base inlaid with gold and diamonds bearing the upper part, which contains precious stones of diamonds and emeralds, along with a central base of gold studded with diamonds.
The house witnessed a number of other auctions of different types of watches, the prices of which ranged from 30 to 90 thousand dollars, but in no way exceeded 100 thousand, which makes this auction a record.