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A purchaser precocious paid an eye-popping and record-setting amount astatine auction to onshore a Rolex that’s highly difficult to find.
The bid that won nan Rolex Reference 4113 split-seconds chronograph coiled up astatine $3.5 million, according to Monaco Legend Group’s auction house.
The eight-decade-old watch is considered highly uncommon because Rolex made a "highly constricted version of only 12 examples" for Reference 4113, Monaco Legend Group said. The exemplary represents nan watchmaker’s sole split-second chronograph.
This Rolex 4113 went up for auction this month, notching a $3.5 cardinal sale. (Monaco Legend Group)
The auction location identified collector Auro Montanari (who goes by John Goldberger, arsenic well) arsenic nan seller.
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The watch’s astir $3.5 cardinal value tag became nan highest-ever for its type. The erstwhile people was $2.6 million, notched successful 2016, according to Bloomberg, which earlier reported connected nan watch’s auction result.
Monaco Legend Group included this Rolex 4113 successful its "Exclusive Timepieces" auction. (Monaco Legend Group)
Montanari’s Rolex 4113 went up for waste past play arsenic portion of a larger watch-focused auction conducted by Monaco Legend Group that progressive a slew of luxury watches from different makers. The auction location held nan "Exclusive Timepieces" arena in glitzy Monte Carlo.
The estimated bidding scope for nan Rolex anterior to nan auction had been astir $3-$6 million, according to nan Monaco Legend Auctions website.
Montanari included a typical food weapon lawsuit opener successful nan batch for nan Rolex 4113, it said.
LUXURY WATCH MARKET DEMAND BOOSTED BY YOUNGER GENERATION OF BUYERS
Monaco Legend Auctions said on its website up of nan watch’s waste that it was a "testament to [the seller’s] impeccable sensation and dedication to nan creation of watch collecting."
The watch's $3.5 cardinal value group a grounds for its model. (Monaco Legend Group)
The watch sports "oversized sub-counters, dual standard and applied baton/Arabic numbers" connected its dials, according to nan auction house.
"We are very proud of nan World Record we achieved for this $3,500,000 connected this John Goldberger Rolex 4113 Split Seconds Chronograph," Monaco Legend Group said on Instagram.
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Rolex, nan watch’s maker, has been producing watches for decades. The luxury watch company, which traces its origins backmost to 1905, is besides not publically traded.
Earlier this month, Rolex officially introduced nan six caller variations of its watch models that it created for 2024.
