A rare Rolex fetches record $2.5 million at auction

Recently, a rare Rolex watch has set records by fetching $2.5 million at an auction. The watch is an extremely rare Rolex Cosmograph Daytona reference 6239, manufactured in 1969 with a stunning lemon-colored dial.

The auction was held by Phillips in Association with Bacs & Russo in Geneva, Switzerland. The auction struck a five-minute-long bidding war among three bidders. Ultimately, the watch was sold to a phone bidder, breaking the record for the highest price ever paid for a watch of its kind.

The Rolex Daytona is a much sought-after timepiece, especially for rare models. The Rolex Cosmograph Daytona reference 6239 is a significant model, and the lemon-colored dial made it even more valuable. The lemon color not only makes it aesthetically stunning but also incredibly rare, as Rolex only manufactured a few pieces with this feature. Moreover, this watch is the only known piece in existence, making it one-of-a-kind.

Interestingly, the previous owner of this rare watch was a medical doctor who had purchased it years ago for $200 from a fellow doctor. The watch was in excellent condition, which contributed to its high value. The watch’s worth was estimated to be between $1.5 and $3 million before the auction, but it exceeded all expectations by finally fetching $2.5 million.

The auction was a great success and saw several other unique and highly sought-after timepieces sold at record-breaking prices. This sale witnessed twenty watches being sold for over a million dollars each, showing the increasing interest in rare and singular timepieces.

In conclusion, this rare Rolex watch and its record-breaking sale have created quite a stir in the watch collecting world. The watch’s history and unique lemon-colored dial are what made it extremely valuable, and the record-breaking price it fetched has only added to its esteemed value. The sale has highlighted the growing interest in rare timepieces and the ever-increasing prices that collectors are willing to pay to own a piece of unique watch history.