Money: Rolex Explorer watch fetches four times its estimate at auction - PressFrom - United Kingdom
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MoneyRolex Explorer watch fetches four times its estimate at auction

06:50  14 august  2019
06:50  14 august  2019 Source:   msn.com

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The Rolex Explorer sold by Fellows on Tuesday (Fellows/PA). The stainless steel watch , with a black dial, engraved case back, and distinctive three Fellows watch specialist Steven Yambo said: “This Explorer is an incredibly early model with a lovely aged dial, so it isn’t a surprise that it sold for this

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Rolex Explorer watch fetches four times its estimate at auction © Provided by The Press Association The stainless steel Oyster Perpetual Explorer bracelet watch had an estimate of £4,800 – £5,800 (Fellows/PA)

A vintage Rolex Explorer watch created after the first ascent of Mount Everest has fetched more than four times its estimate at auction.

The winning bidder forked out a total of £31,900 for the Oyster Perpetual Explorer bracelet after a price war started for the 1954 timepiece on Tuesday afternoon, said auctioneers Fellows.

The stainless steel watch, with a black dial, engraved case back, and distinctive three, six and nine Arabic numerals sold for a hammer price of £25,000, with the rest coming from fees.

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Rolex Explorer watch fetches four times its estimate at auction © Provided by The Press Association The Rolex Explorer sold by Fellows on Tuesday (Fellows/PA)

It had an estimate of £4,800 to £5,800.

Fellows watch specialist Steven Yambo said: “This Explorer is an incredibly early model with a lovely aged dial, so it isn’t a surprise that it sold for this amount.”

The model, reference 6150, was popular with serious mountaineers after a prototype was successfully used in the first ascent of Everest to see how it would cope with extreme altitudes, temperatures, and pressure.

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In 1953, the Swiss luxury watchmaker sponsored the daring bid of Sir Edmund Hillary and sherpa Tenzing Norgay to become the first men to reach the summit, with Sir Edmund wearing an early version of the Oyster Perpetual.

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A Rolex watch which was once rescued from a cement mixer has sold for £230,000 at auction . Image caption Chris Elmy, from Lockdales Auctioneers , said the watch had an estimated value of Image copyright Lockdales Auctioneers . Image caption The watch had been bought by its original

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A Rolex advert at the time reads: “The Rolex Oyster Perpetual that accompanied the victorious British Everest Expedition.

“Waterproof, self-winding and a miracle of accuracy, this watch is the highest achievement of the watchmaking industry.”

Rolex Explorer watch fetches four times its estimate at auction © Provided by The Press Association Sir Edmund Hillary enjoys breakfast during a climb in his native New Zealand (PA)

The word “Explorer” was added to the watch range after the successful 1953 climb.

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