Saturday, May 14, 2016, wasn’t an ordinary day in Geneva. On this particular day, when the 1942 Rolex Antimagnetique Reference 4113 sold for nearly $2.5 million (more precisely: 2.405,000 Swiss francs) at the unique Start-Stop-Reset auction of stainless steel chronographs, Phillips managed to set the world record for a Rolex wristwatch at the auction.
And what could truly throw those unfamiliar with the auction scene today is that this “ancient Rolex” is embedded in stainless steel rather than a precious metal. Rarity, however, is a much more significant consideration than products in the globe of high-powered auctions.
Furthermore, the 1942 roller chronograph which was estimated to be worth around $600,000 but sold for a whopping $2.5 million dollars becoming one of the most expensive Rolex to ever be sold one.
Of only 12 ever produced this was given out as gifts to famous race for drivers in the UK and Italy the watch features a split second chronograph which was ideally suited for drivers who needed to keep track of their lap times.
Finally, to this day the 1940 relaxed chronograph is the only split chronograph ever produced by Rolex.
Check out our list of The Most Expensive Rolex Watches