Eric Clapton's Rolex Sells for Record-Shattering $505,000
The other day we reported on the world records set at Antiqorum's recent $8.5 million Rolex auction, where the top-priced timepiece fetched $248,000. At Sotheby's Important Watches auction on April 23, however, that record was shattered by the sale of an ultra-rare 1971 "Albino" Rolex Daytona that formerly belonged to rock & roll icon Eric Clapton. Eclipsing its pre-sale estimate of $100,000 - $150,000, the Daytona went for a whopping $505,000 including buyer's premium. Though the total proceeds from the Sotheby's sale, $6,588,451, were far less than Antiquorum's, the Clapton sale set a record for the Daytona and was the second-highest price ever achieved at auction for a Rolex watch. This model is known as the "Albino" because both the background and subsidiary dials are in a monochrome silver color, as opposed to the usual contrasting variations found on more common examples.
The second through fifth highest prices paid at the Sotheby's auction were all for Patek Philippes, ranging from $445,000 - $217,000. The sixth highest was also a Rolex, a so-called "James Bond" 1959 Submariner, which brought in $211,000.
Reader Comments (Page 1 of 1)
Annamari Apr 27th 2008 6:24PM
Does Eric Clapton receive part of the proceeds.
JPS Apr 27th 2008 5:30PM
I believe the person who put it up for auction purchased it from Clapton, so probably not.
Annamari Apr 27th 2008 6:28PM
That's life in the fast lane. Thanks for your reply.