ROLEX | 'PANAMA CANAL' SUBMARINER, REF 16613 LIMITED EDITION STAINLESS STEEL AND YELLOW GOLD WRISTWATCH WITH DATE AND BRACELET MADE TO COMMEMORATE THE TRANSFER OF THE PANAMA CANAL FROM THE UNITED STATES TO THE REPUBLIC OF PANAMA CIRCA 1999
'PANAMA CANAL' SUBMARINER, REF 16613
LIMITED EDITION STAINLESS STEEL AND YELLOW GOLD WRISTWATCH WITH DATE AND BRACELET MADE TO COMMEMORATE THE TRANSFER OF THE PANAMA CANAL FROM THE UNITED STATES TO THE REPUBLIC OF PANAMA
Calibre: cal. 3135 automatic, 31 jewels
Movement number: 38'426'061
Case: stainless steel and yellow gold, screw-down back
Case number: A'946'579, 57/75
Closure: stainless steel and yellow gold Rolex Oyster bracelet and folding clasp
Dimensions: 40 mm, bracelet circumference approx. 220 mm
Signed: case, dial and movement
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MVT: running at the time of cataloguing, date advances, seconds hack when the crown is pulled out.
CASE: in good overall condition with light surface wear throughout. With light marks to the case profiles and strap changing marks to the underside of the lugs. Factory sticker is on the back, inner-back stamped 2160, bracelet ref 93253 with light surface wear.
DIAL: dial and hands in great condition.
Please note that the movement has not been tested for the accuracy of time and may need a service at the buyer's expense. Sotheby's does not guarantee the future working of the movement and we do not guarantee the authenticity of any individual component parts since subsequent repairs and restoration work may have resulted in the replacement of original parts.
You are advised that watch straps or bands made of materials derived from endangered or otherwise protected species (i.e. alligator or crocodile) are not sold with the watch and we reserve the right to remove these straps or bands prior to shipping. Furthermore, the watch may not come with its original manufacturers strap or band.
Prospective bidders should review the Conditions of Business, Authenticity Guarantee, the Guide for Prospective Buyers, and any Important Notice in the sale catalogue.
Due to the ongoing situation with Coronavirus please note that the shipping of your watch may affected or delayed. We are monitoring the situation closely and will provide updates as the situation evolves.
The lot is sold in the condition it is in at the time of sale. The online condition report is provided to assist you with assessing the condition of the lot and is for guidance purposes only. The images of the lot also form part of the online condition report for the lot provided by Sotheby's. Any reference to condition in the online condition report does not amount to a full description of condition. The online condition report may make reference to particular imperfections of the lot but you should note that the lot may have other faults not expressly referred to in the online condition report of the lot or shown in the online images of the lot (for example, the online condition report may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome). Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. The online condition report may not refer to all faults, restoration, alteration or adaptation because Sotheby's is not a professional conservator or restorer but rather the online condition report is a statement of subjective, qualified opinion genuinely held by Sotheby's (for example, information regarding colour, clarity and weight of gemstones are statements of opinion only and not statements of fact by Sotheby's). Please also note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and wrist bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. In addition, certain images of the lot provided online may not accurately reflect the actual condition of the lot (for example, the online images may represent colours and shades which are different to the lot's actual colour and shades). For these reasons, the online condition report is not an alternative to taking your own professional advice regarding the condition of the lot. Prospective buyers should also refer to the Buying at Auction guide which includes important notices concerning the type of property in this sale. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species. Please be advised that wristbands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping. NOTWITHSTANDING THIS ONLINE CONDITION REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS (ONLINE ONLY).
The Rolex brand has over the years managed to build its tremendous exclusivity without relying on limited edition pieces. In addition to showcasing the sheer impact of the brand on consumers, this makes the scarce watches which Rolex produced in limited numbers highly collectable. Such pieces are very often commemorating a historic event or embarked on professional adventures to be used as reliable tools.
The present Rolex Submariner 16613 in stainless steel and gold was produced in 1999 in only 75 numbered pieces, specifically for Mercurio Joyero, a retailer in Panama. This extremely rare commemorative watch celebrates the actual transfer of the Panama Canal from US control to the hands of the Republic of Panama. The Panamanian community celebrated this national pride on December 31, 1999, as the 1977 treaties, allowing the US to build and operate the canal in exchange for a fee, was abrogated.
The collectable Submariner bears minor cosmetic differences which quickly set it apart. The dial bears a matching gilt emblem representing the Panama Canal, flanked by the words "Panama Canal / Canal de Panama". The back of the watch displays a simple limited edition number engraved to its periphery. The present example is numbered 57/75.
With Rolex producing close to a million watches per year, the absurdly low number of examples for this edition makes it a genuine modern Rolex treasure.