Another Month, Another World Record...

Having turned down several low offers from pre-owned watch dealers for this bi-metal Submariner, the owner was recommended to contact Watch Collecting. A reserve was set for the Rolex Submariner 16613 Lapis Dial well above the highest received offer and a few days later the watch was professionally photographed and listed on the Watch Collecting platform.

Two days into the seven-day auction, the reserve on this ultra-rare, full-set version of the classic blue dial Sub was reached and still the bids kept climbing. With two days to go, the previous highest hammer price of £25,000 achieved by Kaplan of Sweden in 2018 was passed. The final day saw determined bidding from collectors driving the final hammer price to £64,200, more than double the previous record.

As the watch was bought via Watch Collecting, the seller pays no fees at all, receiving the full hammer price and the buyer pays only a 6% premium.The ability of sellers to achieve record values, not just at hammer, but for the overall achieved price in such a short period of time demonstrates the power of this new selling platform.