Watchuseek Blog

Thursday, November 17, 2011

German Chancellor’s Rolex fetches $171,760.00 at Sotheby’s

We know things are not exactly rosy in the Eurozone these days, however that is not the reason why former German Chancellor Konrad Adenauer’s Rolex Ref 6305/1 has been sold off.

This historic 18K yellow gold automatic centre seconds wristwatch with date and bracelet (ref. 6305/1) was sought after by at least three bidders in the room. 

After five minutes of competitive bidding, the hammer finally came down on lot 132 with a final price of $171,760, almost tripling the pre-sale estimate of $66,500-89,000.

Presented to the then German Chancellor Konrad Adenauer in 1955, this historic watch has been kept in its original condition by the Chancellor’s descendants and appeared tonight for the first time on the market.

Engraved on the back with Konrad Adenauer’s name, the watch is accompanied by its original leather folder and a letter dated 16 September 1955 from Rolex’s founder Hans Wilsdorf to the German Chancellor.

Sotheby’s autumn sale of Important Watches brought in $7,231,524. Strong prices were achieved for highly complicated timepieces and vintage wristwatches.

Tracing the development of watchmaking from 1574 to the present day, the sale also confirmed strong interest from international collectors for antique pocket watches.

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