The vintage Rolex market has officially surged by as much as 30-40% in the last few weeks because of the Rolex Tripple Date moon phase “Bao Dai”, Reference 6062. The Rolex market has been off the charts soaring in the last 10 years especially but this puts the Rolex vintage watch market in a whole NEW stratosphere.
The Rolex Reference 6062, “Bao Dai”, is widely considered by the collecting community and cognoscenti as being amongst the most valuable and desirable Rolexes ever made by the prestigious manufacturer. This Rolex triple calendar with moonphase in yellow gold is one of only three black dial models known to exist with diamond markers. Of the three, the Bao Dai is the only example to feature diamond markers at the even hours, making this piece truly unique.
Phillips in Association with Bacs & Russo, has set a new world record for any Rolex wristwatch at auction. Following an eight minute bidding war, between ten bidders in the room and three on the telephone, the iconic Rolex Reference 6062, “Bao Dai” sold for CHF 5,066,000 (roughly the same in USD’s) to a phone bidder.
Aurel Bacs, Senior Consultant, said: “A watch that was originally discovered at Phillips in 2002, it was an absolute honour to offer the Rolex 6062 “Bao Dai” for the second time in my career. Phillips has now surpassed its own world auction record for a Rolex, set in this saleroom 12 months ago. The combination of the iconic name Rolex, its extraordinary rarity and originality, crowned by the imperial first owner, this world auction record result is a testimony that Phillips’ stringent approach of bringing only the finest quality collectors watches to the market is the winning formula.”
For the record, this watch sold originally sold in 2002 by Philipps and set a world record at that time for $235,000. This NEW world record of $5,060,427 is now officially the most expensive Rolex ever sold at auction and is nearly 15 times what it sold for in 2002!
Below are the official specs of the watch
Reference No: 6062
Movement No: N32’589
Case No: 916’366
Model Name: “Bao Dai”
Material: 18K yellow gold
Calibre: Automatic, cal. 9 3/4”’, 18 jewels
Bracelet/Strap: 18K yellow gold “Jubilee” bracelet, max length 220mm. Further accompanied by a leather strap.
Clasp/Buckle: 18K yellow gold deployant clasp, stamped 2-53
Dimensions: 36mm. Diameter
Signed: Case, dial, movement and bracelet signed
Provenance: Phillips, de Pury & Luxembourg, Geneva, November 18, 2002
Literature: The present ref 6062 is documented and illustrated in “100 Superlative Rolex Watches” by John Goldberger