Advertisement

  1. ITV Report

Rare Rolex sells for £100,000 at Corsham auction

The Rolex Submariner 5513 has a rare Explorer 3-6-9 dial. Photo: Gardiner Houlgate

An exceptionally rare Rolex watch bought for £69 in 1966 sold for just under £100,000 at auction in Wiltshire.

The Rolex Submariner 5513 with a rare Explorer 3-6-9 dial, bought from a jewellery shop in Doncaster, fetched £99,200 including buyer’s premium at Gardiner Houlgate auctioneers in Corsham.

It was bought by buyer from the UK, who fought off stiff competition on the phone from America and Hong Kong.

The Rolex Submariner 5513 has a rare Explorer 3-6-9 dial. Credit: Gardiner Houlgate

Right now, the market for vintage Rolexes from the 1960s up to the early 1980s is very buoyant, particularly since the impact of Brexit has increased their values. Taken as a whole, the Rolexes we’ve sold today have gone for more than we’d expected. Some sold for 2–3 times what we’d forecast, which is exceptional.

– David Hare, Auctioneer