Bonhams auction suggests UK luxury replica Rolex bubble is far from bursting2nd March 2022
Will the second hand fake Rolex bubble burst in 2022?
Not likely, if the results from one of the first major auctions this year are an indicator of what’s to come.
Bonhams in London attempts to make its Knightsbridge Watches and Wristwatches Sale an egalitarian affair with watches from across the centuries included, but mostly modern vintage replica watches for sale that an average enthusiast or collector can afford.
That theory was put under strain when a bidding way broke out over a 1975 AAA replica Rolex Submariner, owned from new by a former member of the Royal Navy, which eventually sold for £200,250/$268,000, three times its estimate.
It was the highest value for a single lot achieved by Bonhams Knightsbridge Watches department.
The auction was the most successful in history for Bonhams Knightsbridge, with a 96% sell-through rate and more than 1000 registered bidders.
The rare Swiss made replica Rolex military issue wristwatch, ref: 5513/5517, was one of a limited batch commissioned by the British Ministry of Defence in the 1970s, with enhanced specifications including thicker, sword-shaped hands for enhanced legibility.
The perfect fake Rolex UK was offered by its original owner who had a 27-year career in the Royal Navy, during which period he was the recipient of the copy Royal Humane Society award in 1975 and the Queens Commendation for Brave Conduct in 1981.
There were 23 Rolex replica watches for sale in the auction, all of which sold and they dominated the top ten most valuable lots in the sale.
An early example of the reference, recognised by its lack of date feature and glossy black dial with gilt text and featuring pointed crown guards, this super clone watch was offered by the family of the original owner.
Another military man, the owner purchased the Swiss movement fake Rolex new when on active service in the Far East with the Fleet Air Arm, including in the Indonesian Confrontation of the 60s in Sarawak and the jungles of North Borneo.
During active service the copy watch Paypal was covered by a special green translucent cover to protect the glass from sunlight and weather and since the 1970s had been safely stored away in a drawer.
The third Rolex Submariner replica for sale in the top 10, was an example of the 5508 reference, distinguished by its lack of crown guards, which was one of the last ‘James Bond’ Submariners.
Offered by its original and sole owner, this high quality fake Rolex featured the emblem of Saudi Arabia, engraved by Garrard, in commemoration of the vendor’s time working on an oil rig there, taking inspiration from the Saudi Arabian one Riyal note.
Penny Andrews, head of Bonhams Knightsbridge Watches, said: “We are thrilled with the sale, achieving a hat trick of our highest hammer, highest number of registrants and our highest value for a single lot at Knightsbridge. This is a fantastic start to the year!”