Revolution: The Evolution of the Role...

New York, Apr 17, 2008

LOT 69

Air-King, Ref. 5500, Adwoc Logo Rolex, ?Oyster Perpetual, Air-King, Precision?, Ref. 5500/1002. Made in 1980. Fine, center seconds, self-winding, water-resistant stainless steel wristwatch with a stainless steel Rolex Oyster bracelet.

USD 4,000 - 7,000

EUR 2,700 - 4,700

Sold: USD 6,000

C. Three-body, polished and brushed, screw-down case back and crown, polished bezel. D. Matte silver with applied gold baton indexes and luminous dots, outer minute/seconds divisions, Adwoc logo at six. Luminous gold baton hands. M. Cal. 1520, rhodium-plated, 26 jewels, straight line lever escapement, monometallic balance, shock absorber, self-compensating Breguet balance spring. Dial, case and movement signed. Diam. 34 mm. Thickness 11 mm. Approx. overall length 190 mm.


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Grading System
Grade: AA

Very good
Case: 3-7

Good

Oxidized
Movement: 3*

Good

Overhaul recommended, at buyer's expense
Dial: 2-01

Very good

HANDS Original

Notes

The Arab Drilling & Workover Company (ADWOC) was founded in 1980 and is based in Tripoli. They specialize in oil and gas exploration in Syria and Libya and as an OPEC associated company have consulted for many foreign oil companies.
The present watch is featured in ?Rolex, Collecting Modern and Vintage Wristwatches?, Guido Mondani Editions, pg 213.