LOT #54395 |
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Rolex, Very Rare Ref: 16610, Submariner "Panama Canal", Stainless Steel, Ltd Ed. 19/75, Complete Set, Circa 1999. ...
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Sold on Oct 24, 2018 for:
$52,500.00
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Description
Rolex, Very Rare Ref: 16610, Submariner "Panama Canal", Stainless Steel, Ltd Ed. 19/75, Complete Set, Circa 1999Case: 40mm, three body case, with screw down case back, and rotating time elapsed bezel, No. A732681
Dial: gloss black dial with applied luminous hour markers, "Panama Canal" logo, luminous skeleton hands
Movement: Rolex Cal 3135, rhodium finish, 31 jewels, adjusted five positions and temperature, monometallic balance, shock absorber
Band: Rolex Oyster #93150, Endlink #501B. 12 links.
Signed: Rolex on case, dial, movement, bracelet
This timepiece is accompanied by its original outer and inner presentation boxes, punch certificate, Submariner instruction booklet, Oyster promotional booklet, multi-language instruction book, 2000-2001 calendar card, certificate of purchase from Mercurio Jewelers in Panama, deposit receipt, final purchase receipt, hang tags, and steel promotional anchor.
Rolex Submariner Ref. 16610 is perhaps one of the most common Submariner models available on the market today. However, this is not your common Ref. 16610. One of the very few Rolex authorized Limited Editions to come to market; this Panama Canal Submariner was only made in a series of just 75 individually numbered pieces commemorating the transfer of the Panama Canal from the US to the Republic of Panama. Not only did the limited production number make this timepiece nearly impossible to acquire when new, difficulties went further as the watch was only available to purchase from Rolex A.D's based in Panama. This particular Lot, numbered 19/75, is fresh to market from the original owner in unworn condition, and presented with every receipt, documentation, packaging and accessory provided when new.
Condition Report*:
Type: Rolex, Very Rare Ref: 16610, Submariner "Panama Canal", Stainless Steel, Ltd Ed. 19/75, Complete Set, Circa 1999
Signed: Rolex on case, dial, movement, bracelet
Model: Ref: 16610 Submariner
Dial: gloss black dial with applied luminous hour marker
Hands: luminous skeleton
Metal: stainless steel
Case #: A732681
Case Info: three body case, with screw down case back, and ro
Case Width: 40mm
Crystal: sapphire
Watch Movement: Rolex Cal 3135, rhodium finish, 31 jewels, adjusted five positions and temperature, monometallic balance, shock absorber
Band: Rolex Oyster #93150, Endlink #501B. 12 links.
Circa: 1999
Condition: This timepiece is presented in as new condition. Case, dial, movement, bracelet are in mint to near mint. Original caseback sticker is present, and unblemished. Movement runs and operates as it should. Service is recommended due to duration of not being in operation.
*Heritage Auctions strongly encourages in-person inspection of items by the bidder.
Statements by Heritage regarding the condition of objects are for guidance only and should not be relied upon as statements of fact,
and do not constitute a representation, warranty, or assumption of liability by Heritage. All lots offered are sold "AS IS".
Signed: Rolex on case, dial, movement, bracelet
Model: Ref: 16610 Submariner
Dial: gloss black dial with applied luminous hour marker
Hands: luminous skeleton
Metal: stainless steel
Case #: A732681
Case Info: three body case, with screw down case back, and ro
Case Width: 40mm
Crystal: sapphire
Watch Movement: Rolex Cal 3135, rhodium finish, 31 jewels, adjusted five positions and temperature, monometallic balance, shock absorber
Band: Rolex Oyster #93150, Endlink #501B. 12 links.
Circa: 1999
Condition: This timepiece is presented in as new condition. Case, dial, movement, bracelet are in mint to near mint. Original caseback sticker is present, and unblemished. Movement runs and operates as it should. Service is recommended due to duration of not being in operation.
Auction Info
2018 October 24 Watches & Fine Timepieces Signature Auction - New York #5369 (go to Auction Home page)
Auction Dates
October, 2018
24th
Wednesday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 6,428
Buyer's Premium per Lot:
25% on the first $250,000 (minimum $49), plus 20% of any amount between $250,000 and $2,500,000, plus 12% of any amount over $2,500,000 per lot.
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