Rare Rolex Fetches Record $3.5 Million at Monaco Auction
- Only a dozen of the split-second Rolex chronographs were made
- Buyers are still willing to pay big sums for unique watches
A rare Rolex with a split-second chronograph sold for €3.3 million ($3.5 million) at auction in Monaco, a record price for the model.
The Rolex 4113, produced in 1942 and one of just 12 ever made and nine known to exist, was sold on Saturday at the Monaco Legend Group auction. The sale beats the model’s previous record of 2.4 million Swiss francs ($2.6 million) which was paid in 2016 at a Phillips auction in Geneva.