I frequently get asked, does Rolex really hold it’s value? My answer is always YES it does! This couldn’t more true, especially at the recent Antiquorum Auction in New York on April 9, 2014, where the vintage Rolex Paul Newman Daytona fetched a staggering $231,750.
This is over 4 times the 50,000-70,000 projected estimate. The Rolex Cosmograph Daytona ref 6263/6269 was originally made in 1970 and was sold on March 6, 1972.
This watch is comprised out of a three-body, polished and brushed, screwed-down case back, buttons and crown, Triplock winding crown, tachometer graduation on the black bezel to 200 units per hour, The dial is Bicolor ivory and black with applied steel square indexes and luminous dots, subsidiary black dials for the seconds, the 12-hour and 30-minute registers, outer 1/5th seconds track.The hands are the original Luminous steel baton hands. The movement is Cal. 727, rhodium-plated, 17 jewels, straight-line lever escapement, monometallic balance adjusted to 3 positions, shock absorber, self-compensating Breguet balance spring, Microstella regulating screws. The watch is fitted on the timeless and iconic stainless steel oyster bracelet.
Accompanied by the original fitted box, guarantee (now void), copy of service invoice dated August 27, 2008, instruction manual, and a booklet. Property of the Original Owner.