Officially the world's most expensive Rolex, it is the first Rolex ever to crack the million-dollar mark. This split seconds chronograph wristwatch ever made by Rolex, it was never available to the public. This Rolex Chronograph was Sold For A Record breaking $1.16 Million. An oversized stainless steel Rolex chronograph made in 1942 just set a new world record for the most expensive Rolex ever to be sold at auction when it fetched $1.16 million at Christie's Important Watches sale in Geneva yesterday, 18 May 2011.
Limited to 12 examples were known ever produced, of which estimated only eight are known to have survived.
According to Christie's research, the rare chronographs were produced exclusively as gifts to famous gentleman racing drivers in Italy and the U.K. in the early 1940s, such as Stefano La Motta, Barone di Salinella, who raced legendary cars like the Ferrari 166S Spyder and needed to keep track of their lap times.
The Reason why This Rolex could be sold at this price is because it is big, and has a very balanced arangenmnt on dial, a split second watch… only celebrities could have it. And The World Economy is still OK… and of course, this is Rolex who used to be not the first choice in the auction list.. Well, I am speculating that the Ferrari Red Rolex Day Date would in one day hit another prominent Auction Record… let’s wait for a bit more…