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New Auction Record With the Most Expensive Wristwatch Ever Sold in Denmark!

Press Release   •   Dec 01, 2017 15:31 GMT

Rolex: A gentleman's wristwatch of 18k gold, ref. 6062 "Stelline". Automatic movement with triple calendar and moon phase. Movement no. 32883. Circa 1953. Hammer price: 1,527,500 (€ 205,000) including buyer's premium.

A Rolex wristwatch from the early 1950s achieved a Danish record price at Bruun Rasmussen Auctioneers Thursday evening, where the price passed a million Danish Kroner and continued all the way to DKK 1,527,500 (€ 205,000) including buyer's premium.

"This is Rolex's most rare wristwatch – the star-studded "Stelline" from 1953, which with a price of DKK 1,527,500, is the most expensive wristwatch ever sold in Denmark," says a very happy Casper Behrendtzen, head of Bruun Rasmussen's wristwatch department.

The watch was introduced in 1950 and was only in production for three years. The vintage watches from the 1950s-70s are in great demand at auctions all over the world, and this was certainly also the case Thursday evening at Bruun Rasmussen Auctioneers in Copenhagen with Rolex' crown jewel, "Stelline", which means starlet or small stars in Italian.

Included in the auction was also one of the world's most sought-after sports watches – the iconic Nautilus 3700 from Patek Philippe, which was sold for DKK 481,000 (€ 65,000) including buyer's premium. The watch is from 1977 and designed by legendary watch designer Gerald Genta. The 3.05 mm ultrathin movement was made by Jaeger-LeCoultre and is still the world's thinnest automatic clockwork with a central rotor.

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Bruun Rasmussen Auctioneers is one of Scandinavia’s leading international auction houses, and one of Denmark’s oldest. It all started on 6 October 1948, when Arne Bruun Rasmussen conducted the first traditional auction in the saleroom at Bredgade 33 in Copenhagen. Today, Jesper Bruun Rasmussen stands at the helm of the family-run business together with the third generation of the family, his son Frederik and daughter Alexa, and the company’s CEO Jakob Dupont.

In 2004, the first online auction was launched, and today the auction house has expanded to include departments in Copenhagen and Aarhus and representations in Sweden, Germany, France, Belgium, Luxemburg, Spain, Italy, Thailand and the US. About 100,000 lots are put up for auction each year at the traditional auctions and daily online auctions. Here you can bid on everything from art, antiques, modern design and jewellery to books, coins, stamps, wine and weaponry.