35 Million! A New Record For Rolex Auctions Is Born

On May 13, 2017, local time, the auction house of Fine Arts and Bacs & Russo held the fifth Geneva Watch Auction: FIVE.

   The 93rd lot of this auction is the unique Ref.6062 ‘Bao Dai’. After eight minutes of bidding, this timepiece was finally sold for 5,066,000 Swiss francs (equivalent to approximately RMB 35.08 million), setting a Rolex auction. new record.
   After months of anticipation, watch fans from all over the world gathered together to witness this historical moment in the auction hall of the Geneva Reserve Hotel.
   Ref. 6062 ‘Bao Dai’ is regarded by collectors as one of the most valuable and worthy Rolex watches. This is a three-calendar moon phase gold watch. There are only three Ref.6062s in the same version (black dial, diamond hour markers), and ‘Bao Dai’ is the only one with diamonds set at the even hour markers. .
   The original owner of this watch is the last emperor of Vietnam, Bao Dai. When this watch appeared on the market in 2002, Filix was sold at a record price, making it (at that time) the most expensive Rolex timepiece at auction. At that time, the auction price was $ 235,000, in other words, the value of this watch has increased 21 times 15 years later.

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