Phillips to offer legendary $1.5 million Rolex 'Bao Dai' wristwatch



2017-03-28 09:10:22

Phillips is set to offer one of the world's most legendary Rolex watches in their upcoming Geneva auction.

Leading the sale is a Rolex Reference 6062 'Bao Dai', regarded as one of the world's most valuable and sought-after Rolex watches.

The watch was originally owned by His Majesty Bao Dai, the last emperor of Vietnam, who acquired it in Geneva in 1954, whilst attending the Geneva Conference seeking peace in Indochina following the Korean War.

The yellow gold timepiece is one of just three examples with a black dial and diamond markers, and is the most complicated Oyster-cased watch Rolex ever made, with day, date, month and moonphase indications.

Both remarkably rare and offered with royal provenance, the watch is expected to sell for more than $1.5 million.

"It is an absolute privilege to offer the Rolex 6062 'Bao Dai' for the second time in my career," said Senior Consultant Aurel Bacs.

"With its incredible Imperial provenance, stunning condition, and exceptional rarity, it’s a mythical watch that occupies the dreams of scholars, collectors, and enthusiasts all over the world.

"It comes to us as new from a private collector, and I am thrilled that Phillips in Association with Bacs & Russo has been chosen to auction such an important piece of History."

The current record price for a Rolex was set at Phillips in 2016, when a Rolex stainless steel reference 4113 split-seconds chronograph sold in Geneva for $2,453,100.

Further highlights from the sale will include one of only three-known gold Oyster Paul Newman Chronograph wristwatches, made circa 1969 and estimated at $811,440 - $1.62 million.

"This timepiece is one of the most important Rolex chronograph wristwatches in the world," said Bacs.

"It is not every day that an iconic wristwatch with such rarity appears on the market, and there is no telling when another will ever surface again."

The Geneva Watch Auction: FIVE takes place at the Hôtel La Réserve on May 13-1

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