A rare Rolex triple calendar moonphase (Ref. 6062) once owned by Bao Dai, the last emperor of Vietnam, was sold for $ 5 million (CHF5,066, 000) at a Philips Auction at the Hôtel La Réserve in Geneva on the night of May 13. This record beat the previous highest price paid for a Rolex, a rare Ref. 4113 split-seconds chronograph that fetched $2.5 million at a Philips auction in May 2016.

One of three black 6062 models with diamond markers.

Following an eight minute bidding war, between ten bidders in the room and three on the telephone, the iconic Rolex Reference was finally sold for CHF 5,066,000 to a phone bidder. The auction, which occurred in a packed saleroom, in front of watch enthusiasts and collectors from around the world followed weeks of eager anticipation. The watch was hammered for CHF 4. 3 million, but the buyer's premium pushes it over the $ 5 million mark. You can read our initial report about Bao Dai Rolex here.

“A watch that was originally discovered at Phillips in 2002, it was an absolute honor to offer the Rolex 6062 “Bao Dai” for the second time in my career. The combination of the iconic name Rolex, its extraordinary rarity and originality, crowned by the imperial first owner, this world auction record result is a testimony that Phillips’ stringent approach of bringing only the finest quality collectors watches to the market is the winning formula,” said Aurel Bacs, the famed auctioneer who presided over the sale.

The imperial provenances adds to the desirability of the watch

The iconic Rolex Reference 6062, “Bao Dai”, is widely considered by the collecting community and cognoscenti as being amongst the most valuable and desirable Rolexes ever made by the prestigious manufacturer. This Rolex triple calendar with moonphase in yellow gold is one of only three black dial models known to exist with diamond markers.

Bao Dai ruled from 1926 to 1955

Of the three, the Bao Dai is the only example to feature diamond markers at the even hours, making this piece truly unique. This is further enhanced by imperial provenance, having belonged to His Majesty Bao Dai, the last emperor of Vietnam. The “Bao Dai” first appeared on the market in 2002, when Phillips sold it for a then record-breaking price, making it the most expensive Rolex ever sold at auction.

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