A rare Rolex, forgotten about by the owner, has been valued at £10,000 by Charterhouse Auctioneers in Sherborne and entered into their August two day auction.
“The owner, who lives in Somerset, inherited the watch nearly 15 years ago after a family member passed away.” Commented Richard Bromell. “We have previously sold items successfully for him and he contacted us for a home visit to look at a group of watches and jewellery. Whilst he knew the Rolex would have value, he was very surprised at the estimate of £10,000.”
The owner, who does no wear a watch, put the Rolex away in his chest of drawers for nearly 15 years. Out of sight and out of mind, he came across it over during the last lockdown. When restrictions were lifted, he took advantage of the free home visit service Charterhouse offer for clients looking to sell at auction.
The Rolex Explorer reference 5504 dating from 1964 comes to auction with its original guarantee from Watches of Switzerland in Broadmead, Bristol.
Although the Rolex watch guarantee expired 56 years ago, it is still expected to sell for £10,000 in the Charterhouse auction of watches, silver and jewellery on Thursday 5th followed by wine, port & spirits with antiques and interiors of Friday 6th August.
Charterhouse are now accepting entries for this two day auction of watches, silver and jewellery followed by wine, port & whisky with antiques and interiors on the 5th & 6th August, automobilia and enamel signs on 18th August and coins, medals, stamps, clocks and collector’s items on 9th & 10th September.
Richard Bromell and the team of experts at Charterhouse can be contacted for valuations and to arrange a free home visit at The Long Street Salerooms, Sherborne 01935 812277 firstname.lastname@example.org or via www.charterhouse-auction.com
1964 Rolex Explorer hidden away in a drawer for years estimated to sell for £10,000 at the Charterhouse auction on Thursday 5th August.