Important Modern & Vintage Timepieces

New York, Oct 08, 2016

LOT 229

ROLEX REF. 5508 SUBMARINER TROPICAL DIAL STEEL Rolex Oyster Perpetual, 100m = 330ft, Submariner, case No. 764268, Ref. 5508. Sold on January 18, 1964. Fine and very rare, center seconds, self-winding, water-resistant, stainless steel diver's wristwatch with a stainless steel Rolex Oyster bracelet. Accompanied by the original Rolex box, anchor, cigarette card, numbered and dated guarantee.

USD 25,000 - 35,000

HKD 194,000 - 272,000 / CHF 25,000 - 35,000

Sold: USD 27,500

Three-body, polished and brushed, graduated bi-directional revolving bezel for the decompression times, screw down case back and Oyster crown. Brown with luminous round, triangular and baton indexes, outer minute/seconds track. Steel luminous Mercedes hands. Cal. 1530, rhodium-plated, 26 jewels, straight-line lever escapement, monometallic balance, shock absorber, self-compensating Breguet balance spring, index regulator.


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Grading System
Grade: AAA

Excellent

Case: 2

Very good

Movement: 3**

Good

Repair required, at buyer's expense

Dial: 3-10-01

Good

Patinated

HANDS Original

Notes

Dial, case and movement signed. DIAM. 38 mm. THICKNESS 13 mm. Property of the Original Owner From the original owner, a retired US Navy Marine 2/Lt, this ROLEX 5508 was purchased while on R&R in Hong Kong from ARTLAND JEWELERS in 1964, apparently