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Extremely Rare Rolex “Padelone” Sold for $1,45 Million at Christie’s Auction

Extremely rare Rolex “Padelone” Ref 8171 was highlight at Christie’s last auction of fine watches for 2013 in New York. Estimated at $25o,ooo- $350,ooo, this triple calendar wristwatch was actually sold for $1,45 million – more than four times its high estimate. This sale caps a very strong year for vintage Rolex. The Rolex “Padellone” is so collectible for many reasons. Firstly it is rare – only about 1000 examples were ever made. Secondly the size at 38mm was usually large for that time (sincewe are talking 1950s here).

Ultra-Rare 1950 Sleeping Beauty Rolex Sells for Record-Breaking $1.14 Million at Christie's

The Italians even nicknamed the 8171 ‘Padelone’ or frying pan because of the large diameter. The watch is especially rare not only for the case (steel-very few watches were made in that metal) but also because of the usual dial layout. The dial is a two-tone dial with four baguette diamonds.

Christie’s last New York sale of Important Watches in 2013 brought in a total of $12,926,175, selling 91 percent by lot and 95 percent by value.

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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