The world of horology witnessed a seismic event recently when an ultra-rare, oversized stainless steel Rolex chronograph, crafted in 1942, shattered previous auction records, selling for a staggering $1.16 million. This remarkable price not only establishes a new benchmark for Rolex watches sold at auction but also underscores the escalating demand for exceptional vintage timepieces, particularly those boasting exceptional provenance and impeccable condition. The sale serves as a testament to the enduring legacy of Rolex, its unwavering commitment to quality, and the captivating allure of its historical pieces.
Record Setting Rolex Auction Price $1.16 Million 1942
The auction, held [Insert Auction House Name and Location here], saw intense bidding from collectors worldwide, driving the price far beyond initial estimates. The final hammer price of $1.16 million (including buyer's premium) represents a significant leap from previous records held by other coveted Rolex models. This extraordinary sum reflects not only the watch's inherent rarity and excellent condition but also its compelling history and the growing appreciation for vintage chronographs within the collector community. The previous record for a Rolex sold at auction was [Insert previous record and details here], highlighting the magnitude of this recent sale.
The 1942 Rolex chronograph, with its oversized case and distinctive design elements, stands as a captivating example of the brand's horological prowess during a period marked by both wartime constraints and innovative advancements. The precise details of the model number and specific features are crucial to understanding its value. [Insert detailed description of the watch's features, including case size, movement, dial details, crown, pushers, and any unique markings or engravings. Include information on its condition – any signs of wear, restoration work, or originality]. The meticulous documentation accompanying the watch, likely including service records and provenance research, significantly contributed to its high selling price. The story behind the watch, if known, adds another layer of desirability and contributes to its overall value.
Rolex Watch 1942 Chronograph Sets New World Record
The sale of this 1942 Rolex chronograph for $1.16 million decisively establishes a new world record for the most expensive Rolex ever sold at auction. This achievement underscores several key factors driving the current market for high-end vintage watches. Firstly, the rarity of the piece itself is paramount. Production numbers for this specific model from 1942 are likely extremely low, making the surviving examples highly sought after by serious collectors. Secondly, the condition of the watch plays a pivotal role. A well-preserved example, free from significant damage or extensive restoration, commands a far higher price than a watch requiring significant intervention. The pristine state of this particular chronograph, as evidenced by [mention specific aspects of its condition, e.g., original dial, hands, case, etc.], contributed significantly to its final price.
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