The Hong Kong Watch Auction: TWO | Page 353

282. Rolex A very rare stainless steel wristwatch with sweep centre seconds, black lacquer ‘exclamation’ dial and bracelet 勞力士,非常罕有,不銹鋼自動上弦鏈帶腕錶,配中心秒針及黑色漆錶盤, 型號5508,1961年製 Manufacturer Year Rolex 1961 Reference No. Movement No. Case No. Model Name Material Calibre 5508 85’165 763’059 Submariner Stainless steel Automatic, 1530, 26 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, 170 mm. maximum length, end link stamped 7206 Clasp/Buckle Stainless steel Rolex folding deployant clasp stamped 4.68 Dimensions 38 mm. diameter Signed Case, dial and movement signed Estimate HKD 120,000-250,000 USD 15,000-31,000 Literature For another example of a reference 5508 with ‘exclamation’ dial, please see 100 Superlative Rolex Watches by John Goldberger, page 186. HK_WATCHES_MAY16_330-389.indd 343 Reference 5508, the ‘small crown’ Submariner, was introduced in 1958 and ceased production in 1962. This reference was the last model to carry the 100m depth rating. This example has a gilt chapter ring, Mercedes hands, and a glossy lacquer dial which is correct and all these attributes are in excellent condition. This watch is particularly rare as it displays an exclamation mark at 6 o’clock, which collectors identify as signifying a lower radium amount. By this time, Rolex realized the health hazards of using radium on their dials, and gradually switched to tritium. The case and lugs are particularly thick on this example, and the watch also carries the correct bezel with the individual first 15 minute markers. The bezel is furthermore still retaining its pearl. 22/04/16 16:09