The owner of a Rolex was left stunned after being informed by an Antiques Roadshow expert that the watch could sell at auction for £70,000.
The lady, who appeared on a recent episode of the popular antiques programme, had seen a similar watch on a previous episode, so decided to take hers along to find out more. The timepiece had been bought by the owner for £1,000. As expert Richard Price provided more information and told the woman how much the rare watch could be worth, she looked increasingly shocked.
The episode of Antiques Roadshow was filmed at RAF Congleton, Lincolnshire. Price explained that the watches were originally from the Ministry of Defence and were intended for military personnel, according to the War Department arrow on the back.
According to Price, the Rolex could be one of just 1,200 pieces made, which makes it a very rare watch, especially as it is believed that just a few hundred are still in existence. Price added that the watches had been selling for incredible prices when auctioned. At the time of the programme being filmed, Price gave an estimate of around £40,000, although it was later decided that the watch might fetch as much as £70,000 at auction. The owner of the watch was visibly shocked by the revelations, and said that she thought her husband would be pleased by the news.
The couple plan to sell the rare antique Rolex at auction in December, at Bonhams in London. An antique cabinet may be the most suitable place to display the watch, once it has been purchased by a new owner.
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