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

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  • Manufacturer: Rolex
    Year: Circa 1975
    Reference No: 1665
    Movement No: D77’673
    Case No: 4’063’004, inside caseback stamped 1665
    Model Name: Sea-Dweller “Double Red, MK IV”
    Material: Stainless steel
    Calibre: Automatic, cal. 1570, 26 jewels
    Bracelet/Strap: Stainless steel Rolex Oyster bracelet “93150”, endlinks stamped “585”, max length 180mm
    Clasp/Buckle: Stainless steel Rolex Oyster deployant clasp stamped “VG”
    Dimensions: 40mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed

  • Catalogue Essay

    Introduced in 1967, the Rolex Sea-Dweller ref. 1665 was the first model to feature a gas escape valve that was available to the public developed initially from the ref. 5514 made exclusively for COMEX. Regarded as a major breakthrough, the newly patented gas escape valve developed in collaboration with COMEX allowed for a much deeper depth rating of 2000ft. Early examples of the reference featured two red lines of texts above its depth rating, hence earning its nickname the “Double Red”. In 1977, Rolex replaced the “Double Red” dials with the more common dials with white texts.

    The present example Rolex Sea-Dweller ref. 1665 “Double Red” from circa 1975 with a 4 million serial features a correct Mk4 dial of which the “Double Red” letterings are vivid and clear, while the font of the red lettering is notably larger on the top line. The Rolex coronet is large, with clearly-defined spikes and a more pronounced “O” under the coronet.

  • 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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Ref. 1665
A very fine and rare stainless steel diver’s wristwatch with center seconds, date, gas escape valve, “double red” MKIV dial and bracelet

Circa 1975
40mm diameter
Case, dial, movement, bracelet and clasp signed

HK$155,000 - 250,000 

Sold for HK$441,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XII

Hong Kong Auctions 5-6 June 2021