Rolex Milsub bags top price at Gardiner Houlgate watch auction


Gardiner Houlgate’s February watch auction shows there is no end in sight to the robust demand for pre-owned and vintage watches.

David Hare, auctioneer and director for the company, say it was a very good sale with over 92% of lots selling.

Gardiner Houlgate is accepting watches now for its next watch auction on May 26.


Headline watches sold at the February auction were:

Rolex Oyster Perpetual ‘Milsub’ Submariner

Fine and Rare Rolex Oyster Perpetual ‘Milsub’ Submariner stainless steel gentleman’s wristwatch, made for the British Royal Navy, ref. 5513/5517 double reference, circa 1978, serial no. 5339xxx, bi-directional fully calibrated 60-minute recording bezel insert, matt black ‘Swiss – T <25’ dial with luminous markers, Mercedes hands and sweep centre seconds, signed ‘Oyster Perpetual , 600ft=200m Submariner, printed Tritium ‘T’ within a circle, cal. 1520 26 jewel, shouldered screw-down crown, the inner case back with serial number 5339xxx and ‘5513’, the case back with markings polished out, fixed bar lugs with a modern NATO type fabric type band, 39mm.

Estimate £60,000-80,000. Sold for £68,200.

Rolex Oyster Perpetual Submariner

Rare Rolex Oyster Perpetual Submariner stainless steel gentleman’s bracelet watch with the 3-6-9 ‘underline’ Explorer dial and pointed crown guard case, ref. 5513, circa 1963, serial no. 1009xxx, underline Swiss black dial with luminous hour baton markers, outer minute track, quarter 3-6-9 Arabic numerals and gilt dial printing ‘Rolex Oyster Perpetual Submariner 200=660ft Submariner‘, Mercedes hands with sweep centre seconds, Oyster case with revolving black calibrated bezel insert, pointed crown guards with screw-down crown, calibre 1530 26 jewel movement, the case inside back stamped ‘5513’ and dated ‘III.63’, jubilee bracelet with a large logo USA folding clasp, case, dial and movement signed, bezel diameter 40mm

 Provenance: During the Covid One Lockdown our client found the opportunity to carry out a tidy of house and home. On turning out a small family safe, they found this rare Rolex watch which had been forgotten about and had been there for some 30 – 35 years! The watch was a gift, along with two other items back in the 80’s, from an elderly gentleman and his wife in recognition of kindness to them in their later years

Estimate £70,000-100,000. Sold for £74,400.

Breguet 18ct pocket watch

Rare and fine Breguet 18ct pocket watch, No. 4833, circa 1904, with independent seconds, split second function and five minute repeating activated with two buttons and slide to the case band, stem wind on two spring barrels, gilt jeweled 19 lignes lever movement with compensated balance and hammers striking on gongs, signed and numbered white dial with Roman dial and outer Arabic track, blued steel hands, the cuvette signed and numbered, the case back with engraved monogram, case. 16230, 113.1gm, 51.5mm.

Estimate £20,000-30,000. Sold for £23,560.


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