On May 12th, Phillips will host the "Geneva Watch Auction: XIX featuring the Guido Mondani Collection", including Lot 18, an especially "bling" Rolex (more details below). Link:
The pre-auction estimate is
CHF60,000 - 120,000, which Phillips converts to USD as $66,400-133,000.
This market resolves YES if the final sale price listed on the Phillips website is >$100,000 USD.
Resolution details
Example from a past auction: this Patek Philippe watch lists "SOLD FOR CHF304,800". This is the equivalent number I will use.
Note that this final listed sale price may include an additional buyer's premium.
If the watch is withdrawn before the auction, or it fails to sell, this market resolves NO. It only resolves YES with a listed sale price during this auction of >$100,000.
The sale price will likely be reported in CHF (Swiss Francs). If Phillips directly reports a USD price, I will use that, otherwise I will use the Yahoo currency converter on the day I resolve the market.
For reference, at the time of market creation, it would take 91,240CHF to surpass $100,000 USD.
Watch details
Manufacturer: Rolex
Year: 2007
Reference No: 116598SACO
Case No: M245531
Model Name: Cosmograph Daytona "Leopard"
Material: 18K yellow gold, yellow sapphires and diamonds
Calibre: Automatic, cal. 4130, 44 jewels
Bracelet/Strap: Rolex leather strap with "Leopard" print
Introduced at Basel Fair in 2004, reference 116598 SACO immediately captured the eyes and hearts of Rolex fans. Set with diamond hour markers contrasting against a leopard print dial and strap, the watch was something entirely different than anything Rolex had conceived in the past. This print inspired the watch's nickname, "Leopard" (see catalogue entry)
