K449i1-1Sold for £140,000 (£168,00 inclusive of premium)

Following the recent World Record auction price for a Rolex Submariner selling for £192,000, quite amazingly following the media coverage and extensive marketing another ‘gem’ has surfaced.

Purchased in 1966, by the owners wife for the sum of £69.10, a hefty sum back then. It has remained in the family since and worn regularly, having a couple of services during this period. Thankfully, despite the owners complaints, the rare Explorer dial was left untouched and not replaced. What an expensive change that would have proved!

This fine example is very similar to that of the one sold in May, almost identical, but not quite the same.

The model is the slightly later 5513 version and dates 1963 opposed to 1962. The dial is also a different variation, the white ‘Swiss’ dial with the very rare upper underline, so rare that only a few examples have appeared on the auction market in recent times.

The watch will be sold in our Specialist Watch Auction on the 26th October. Further entries are now invited with the closing date set for the 3rd October. For further details please contact David Hare

Very Rare Rolex Oyster Perpetual Submariner stainless steel gentleman’s bracelet watch with 3-6-9 Explorer upper underline dial and pointed crown guards, ref. 5513, no. 1009xxx, circa 1963, gloss black white ‘Swiss’ dial with small minute markers, hour baton markers, quarter 3-6-9 Arabic numerals, gilded dial printing ‘Rolex Oyster Perpetual 200m=660ft Submariner’, Mercedes hands with sweep centre seconds, triplock crown, Oyster case with revolving black calibrated bezel insert, pointed crown guards with screw-down crown, calibre 1530 26 jewel movement, the case back stamped ‘5513’ and dated ‘III.63’, inscribed with various service references, riveted 7836 Oyster folded link bracelet with 380 end links, case, dial and movement signed, bezel diameter 40mmK449i1
This watch was purchased from Perry Greaves Limited, Birmingham on the 28th May 1966 for £69.10. It was a gift from the vendors wife just before the birth of their first child born in October 1966.
Complete with the Rolex box, purchase receipt, spare bezel and plexi-glass which were replaced during a previous service; also two family photographs depicting the vendor wearing the watch in 1967/68 and 1977.
These rare Rolex Submariners with Explorer dials were believed to be produced in very small numbers during the late 1950s and early 1960s. Following the success of Gardiner Houlgate selling the Rolex Submariner 5512 with Explorer dial for £192,000 (inclusive of premium) in May 2016, ex lot 50, this fine rare example is now offered for sale.