22nd Mar, 2023 11:00 EDT

Jewelry and Watches Featuring the Estate of Alan I and Dianne Kay

 
Lot 85
 


Lot 85 - A Men's Rolex Presidential with Diamond Bezel

85

A Men's Rolex Presidential with Diamond Bezel
18038, c. 1978

An 18K yellow gold men's Rolex Presidential 18038, with Presidential day date dial, diamond hour markers, and gold hands. The bezel is set with fifty-seven near colorless round-cut diamonds and two baguette-cut diamonds. Total estimated weight of diamonds: 0.70 carats.

Length: 7 3/4in.; Gross Weight: 82.8 dwt.

Provenance

Property of a Philadelphia, Pennsylvania attorney.

Sold for $25,200
Estimated at $10,000 - $15,000


 

An 18K yellow gold men's Rolex Presidential 18038, with Presidential day date dial, diamond hour markers, and gold hands. The bezel is set with fifty-seven near colorless round-cut diamonds and two baguette-cut diamonds. Total estimated weight of diamonds: 0.70 carats.

Provenance

Property of a Philadelphia, Pennsylvania attorney.

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Rolex

At just 24 years of age, Hans Wildorf founded a timepiece company in London. At this time, wristwatches were both inprecise and relatively new to the market, but Wildorf had a vision of making them both reliable and stylish. 

The name Rolex came to Wildorf while he was riding on the top of one of London's notorious double-decker buses. He said "a genie whispered Rolex in my ear", easily pronouncible in any language, and completely unique.

After World War One, Wilsdorf and his associate Alfred Davis moved the business to Geneva, Switzerland due to its more favorable tax rates. Their legacy as one of the leading Swiss watchmakers has persisted since then.

Following Wilsdorf's death in 1960, the company's ownership was passed to the Hans Wilsdorf Foundation. One of the foundation's works is as a private trust, which donates a percentage of the shares to various charitable causes.