Sotheby’s held the “Important Watches” last week. A piece of distinctive Rolex Reference 16516 fake with lapis lazuli dial was sold at a high price of 25,375,000 Hong Kong dollars.
In fact, the estimated price of this platinum case imitation Daytona is 4,000,000 HKD to 8,000,000 HKD. While the final price is almost three times of the estimated price, creating the auction record of modern Rolex.
Sotheby’s called this watch as “historically significant model and may be a unique and lonely watch in the world.” The precious watch was launched in 1999 and it was equipped with the El Primero movement of Zenith. Since 1988, Rolex began to use the movement of Zenith. Later in 2000, it adopted the self-manufactured automatic chronograph movement.