Rolex - The Hong Kong Watch Auction: XIII Hong Kong Thursday, November 25, 2021 | Phillips

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  • Manufacturer: Rolex
    Year: Circa 1990
    Reference No: 16700
    Movement No: 5’985’620
    Case No: E514’318
    Model Name: GMT-Master
    Material: Stainless steel
    Calibre: Automatic, cal. 3175, 31 jewels
    Bracelet/Strap: Stainless steel Rolex Oyster bracelet stamped "78360", endlinks stamped "501,B", max length 200mm
    Clasp/Buckle: Stainless steel Rolex Oyster deployant clasp stamped "P11"
    Dimensions: 40mm diameter
    Signed: Case, dial, movement, bracelet and clasp signed
    Accessories: Accompanied by Rolex guarantee stamped Prouds, Fiji dated 28th May 1995, instruction manual, product literature, 1994-1995 calendar card, hang tag, green card holder, green passport holder, outer packaging and fitted presentation box.

  • Catalogue Essay

    Introduced in 1988, the Rolex GMT-Master ref. 16700 featured modern aesthetics and technical upgrades during its transitional period. Featuring a sapphire crystal for the first time in the lineage of the reference, it provides enhanced robustness and durability. Furthermore, it features white gold luminous indexes instead of the luminous material directly applied on the dial and an upgraded case design to enhance its imperishability. The reference was discontinued in 1999 marking the end of the GMT-Master line and gave birth to the GMT-Master II model.

    The present example Rolex GMT-Master ref. 16700 with an “E” serial from circa 1990 is offered in excellent overall condition and it is complete with its full set of accessories.

  • Artist Biography

    Rolex

    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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1092

Ref. 16700
A fine and attractive stainless steel dual-time wristwatch with center seconds, date, bracelet, guarantee and presentation box

Circa 1990
40mm diameter
Case, dial, movement, bracelet and clasp signed

Estimate
HK$78,000 - 120,000 
€8,600-13,300
$10,000-15,400

Sold for HK$126,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
WatchesHK@phillips.com

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021