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

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  • Manufacturer: Rolex
    Year: Circa 1998
    Reference No: 16589SACI
    Case No: U355’790
    Model Name: Cosmograph Daytona
    Material: 18K white gold, diamonds and sapphires
    Calibre: Automatic, cal. 4030, 31 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K white gold Rolex Oyster deployant clasp
    Dimensions: 40mm diameter
    Signed: Case, dial, movement and clasp signed
    Accessories: Accompanied by Rolex guarantee stamped by German retailer Wilhelm Nonhoff dated 15th December 1999, Japanese retailer Mondiale Ginza purchase guarantee, leather holder, leather passport holder, 2000-2001 calendar card, instruction manual, hangtags, additional crocodile strap, fitted presentation box and outer packaging.
    Literature: A similar example of reference 16589SACI prominently illustrated in Daytona Perpetual by Pucci Papaleo, pp.191.

  • Catalogue Essay

    The birth of the Rolex modified Zenith automatic self-winding movement Cosmograph Daytona in 1988 embarked a whole new approach to the idea of a sports chronograph by adding jewels to the crown brand. From the bejewelled reference 6270 and 6269, Rolex began to offer their iconic models without a shy of extravagance. Requiring specific techniques and methods to execute cutting, polishing and setting, each gemstone involves talented artistry and craftsmanship behind each hand-set bedazzled timepieces. In 1997, the range of exotic haute-jewellery Daytonas further expanded with reference 16589 most notably cased in white gold with baguette-cut stone bezels paired with a matching leather strap and flip-lock deployant buckle signified with the number “8”.

    Adorned with 24 baguette-cut sapphires set uniformly on the sectioned bezel with an opulent twist, the present ref. 16589 SACI is fitted with a stunning full paved diamond dial, like twinkles in a blue lagoon, 8 individual sapphire-set hour markers contrasted with a modern touch of Arabic numerals shimmers in grace. Incredibly eye-catching and dazzling, the present timepiece in a cool attire of blue is preserved in excellent condition with strong and crisp hallmarks behind the lugs. Offered by a Japanese collector, the present ref. 16589SACI is an absolutely well-preserved heirloom, the case still retains its original green factory sticker attesting to its original condition. Furthermore, the timepiece is accompanied with its original guarantee and full set of accessories.

  • 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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Property from a Japanese Collector


Ref. 16589SACI
A very rare and attractive diamond and sapphire-set white gold chronograph wristwatch with baguette-cut sapphire bezel, guarantee and fitted presentation box

Circa 1998
40mm diameter
Case, dial, movement and clasp signed

HK$630,000 - 1,300,000 

Sold for HK$2,016,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XIII

Hong Kong Auctions 25-26 November 2021