A rare Rolex just sold for more than $5 million to an unnamed buyer at the Phillips Auction in Geneva. We envy the lucky buyer that ended up with this rare watch. The watch was once owned by the 13th Emperor of the Vietnamese Nguyen Dynasty. It is one of the most expensive and unusual Rolex watches in the world and considered by experts to be the most valuable Rolex on the market.
Called the Bao Dai, after its former owner, the watch was purchased in Geneva in 1954 during peace negotiations. This is one of the most important watches in the world. It was a very rare creation for Rolex. It is in excellent condition and features an Oyster case that has never been polished.
Featuring an in-house movement driving a triple date calendar with moon phase indication, this was one of the most complicated watches of its time. It is crafted in 18-karat yellow gold. The Bao Doi features diamond indexes and a black dial. There are only three black dial watches in existence. This is the only one in the world that has diamond indexes for even numerals. Also, is is the only Rolex that features the trademark crown below the diamond.
Ten bidders were in the running for the watch at the Hotel La Reserve in Geneva. The bidding war lasted an entire eight minutes. The watch had only changed hands once before, back in 2002, for what was then a record-breaking $369,000.