Rolex watch sold for record price at auction

Rolex remains a very popular Swiss brand Keystone

A rare Rolex split-seconds chronograph watch has fetched a record price at a Christie’s auction in Geneva, being sold for SFr1.04 million ($1.16 million).

This content was published on May 17, 2011 minutes

Produced by Rolex in 1942, the watch is one of only 12 models created, of which only eight are known to have survived.

The Rolex wristwatch (reference 4113) has a nickel-finished lever movement, 17 jewels, silver matte dials and applied pink gold Arabic and baton numerals.

It features several complex technical features, including a split seconds chronograph mechanism operated through two rectangular chronograph buttons in the band and a round chronograph button in the crown.

The timepiece was part of 420 lots sold by Christie’s in the western Swiss city on Monday.

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