Important Collectors' Wristwatches, P...

New York, Mar 05, 2009

LOT 87

Ref. 16610 Panama Canal Rolex, Oyster Perpetual Date, "Submariner, Panama Canal" Superlative Chronometer Officially Certified, No. 67/75, Ref. 16610. Made in a limited edition of 75 pieces in 1999. Fine and extremely rare, center seconds, self-winding, water resistant, stainless steel diver?s wristwatch with a stainless steel Rolex Fliplock Oyster bracelet.

USD 20,000 - 30,000

EUR 16,000 - 23,000 / CHF 23,000 - 35,000

Sold: USD 24,000

C. Three-body, polished and brushed, screwed-down case back and crown, Triplock winding crown protected by the crown guard, graduated unidirectional revolving black bezel for the decompression times, sapphire crystal with cyclops lens. D. Black with applied luminous round, baton and triangular steel indexes, aperture for the date, special Panama Canal logo imprint. Luminous steel skeleton hands. M. Cal. 3135, rhodium-plated, oeil-de-perdrix decoration, 31 jewels, straight-line lever escapement, monometallic balance adjusted to temperatures and 5 positions, shock absorber, self-compensating free-sprung Breguet balance spring, Microstella regulating screws, hack mechanism. Dial, case and movement signed. Diam. 40 mm. Thickness 13 mm.


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Grading System
Grade: AAA

Excellent

Case: 3-9

Good

Scratched

Movement: 2*

Very good

Overhaul recommended, at buyer's expense

Dial: 1-01

As new

HANDS Original

Notes

This very rare collector watch was produced by Rolex Geneva to commemorate the transfer of the Panama Canal from US to the Republic of Panama on December 31, 1999. Only 75 examples were manufactured and sold worldwide.