Rolex - The Hong Kong Watch Auction: XII Hong Kong Saturday, June 5, 2021 | Phillips

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  • Manufacturer: Rolex
    Year: Circa 1985
    Reference No: 1024
    Movement No: D631’096
    Case No: 8’780’032, inside caseback stamped 1024
    Model Name: Oyster Perpetual
    Material: Yellow gold electro plated stainless steel
    Calibre: Automatic, cal. 1570, 26 jewels
    Bracelet/Strap: Yellow gold electro plated stainless steel Rolex Oyster bracelet, endlinks stamped “457”, max length 195mm
    Clasp/Buckle: Yellow gold electro plated stainless steel Rolex Oyster deployant clasp stamped “I”
    Dimensions: 36mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by Rolex guarantee stamped U.S. Navy Exchange Yokosuka dated 2nd January 1987, product literature, hang tags, green card holder, outer packaging and fitted presentation box.

  • Catalogue Essay

    The Rolex Oyster Perpetual was first released in 1950 utilizing either a cal. 645 and 1030, similarly featured in early Submariner and Explorer models. In 1959, the new references were introduced all of which from ref. 1003 - 1038 featured a 36mm diameter case with no date powered either by cal. 1560 or 1570. The series was discontinued in the mid-1980s.

    The present Rolex Oyster Perpetual ref. 1024 in yellow gold electroplated stainless steel from circa 1985 with its corresponding bracelet is preserved in excellent overall condition and is perhaps one of the last examples before the reference was discontinued. Measuring 36mm diameter, the signature Oyster case matched with a simplistic silvered dial accessorized with yellow gold indexes is a classic. Originally retailed by the U.S. Navy Exchange in Yokosuka Japan, the provenance of the present timepiece is also an interesting asset. Complete with its original guarantee and presentation box with corresponding hang tags, this no reserve lot is a value for buck timepiece nonetheless.

  • Artist Biography


    Swiss • 1905

    Founded in 1905 England by Hans Wilsdorf and Alfred Davis as Wilsdorf & Davis, it soon became known as the Rolex Watch Company in 1915, moving its headquarters to Geneva in 1919. Like no other company, the success of the wristwatch can be attributed to many of Rolex's innovations that made them one of the most respected and well-known of all luxury brands. These innovations include their famous "Oyster" case — the world's first water resistant and dustproof watch case, invented in 1926 — and their "Perpetual" — the first reliable self-winding movement for wristwatches launched in 1933. They would form the foundation for Rolex's Datejust and Day-Date, respectively introduced in 1945 and 1956, but also importantly for their sports watches, such as the Explorer, Submariner and GMT-Master launched in the mid-1950s.

    One of its most famous models is the Cosmograph Daytona. Launched in 1963, these chronographs are without any doubt amongst the most iconic and coveted of all collectible wristwatches. Other key collectible models include their most complicated vintage watches, including references 8171 and 6062 with triple calendar and moon phase, "Jean Claude Killy" triple date chronograph models and the Submariner, including early "big-crown" models and military-issued variants.

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Lot offered with No Reserve

Ref. 1024
A fine, well-preserved and unusual yellow gold electroplated stainless steel wristwatch with center seconds, bracelet, guarantee and presentation box

Circa 1985
36mm diameter
Case, dial, movement, bracelet and clasp signed

HK$16,000 - 32,000 

Sold for HK$50,400

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XII

Hong Kong Auctions 5-6 June 2021