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Rare 1999 Platinum Rolex Daytona Auctioned with $1.7 Million Estimate

A rare 1999 platinum Rolex Daytona, featuring a mother-of-pearl dial and diamond markers, is auctioned at Sotheby's Geneva with an estimated price of up to $1.7 million. It is one of only four privately commissioned Rolex watches ever made. The other three similar watches have sold for over $3 million each. Experts note that custom commissions are extremely rare for Rolex. The watch is believed to have been created during Patrick Heiniger's tenure as CEO. This auction highlights the high value of exclusive luxury timepieces in the collectibles market.

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Rare 1999 Platinum Rolex Daytona Auctioned with $1.7 Million Estimate

A rare 1999 platinum Rolex Daytona, one of only four privately commissioned timepieces, is set to auction at Sotheby's Geneva on Sunday with an estimated price of up to $1.7 million.

The Unique Timepiece

  • Crafted from platinum, a material Rolex did not use for Daytona models until 2013.
  • Features a mother-of-pearl dial set with 10 diamond hour markers.
  • Unlike standard Rolex collections, this watch was custom-made for a private client.

Auction Details

  • When: Sunday
  • Where: Sotheby's Geneva
  • Estimate: Up to $1.7 million
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Rarity and Commission

  • Only four such watches are known to exist, all created for the same family with unique dials.
  • This particular piece is the final one to be offered for sale.
  • Private commissions are exceptionally rare for Rolex, known for its standardized production.

Previous Sales

  • The three other watches from this set have already been sold, each fetching over $3 million.

Expert Insight

Pedro Reiser, senior watch specialist at Sotheby's, emphasized the uniqueness: "It's very unusual to come across a commission... but not in the space of Rolex pieces where you barely can come across any commission whatsoever."

Historical Context

  • The watch is believed to have been produced under the leadership of Patrick Heiniger, Rolex's CEO from 1992 to 2008, a period marked by significant growth and brand secrecy.
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