ROLEX | REFERENCE 116520 DAYTONA A STAINLESS STEEL AUTOMATIC CHRONOGRAPH WRISTWATCH WITH REGISTERS AND BRACELET, AWARDED TO THE GRANDE AMERICAN SPORTS CAR SERIES GTS CHAMPION CHRIS BINGHAM IN 2001
Estimate: 50,000 - 80,000 USD
REFERENCE 116520 DAYTONA
A STAINLESS STEEL AUTOMATIC CHRONOGRAPH WRISTWATCH WITH REGISTERS AND BRACELET, AWARDED TO THE GRANDE AMERICAN SPORTS CAR SERIES GTS CHAMPION CHRIS BINGHAM IN 2001
Caliber: cal. 4130 automatic, 44 jewels
Case: stainless steel, inscribed screw down case back
Case number: P470503
Closure: stainless steel Rolex Oyster bracelet with folding clasp, end links stamped 78490
Size: diameter 40 mm, bracelet circumference approximately 180 mm
Signed: case, dial and movement
Accessories: Rolex presentation box with outer packaging, Saleen championship winning race helmet customized for Chris Bingham, International Service Guarantee dated October 5, 2010, two booklets, bi fold wallet, hang tag, and polishing cloth
Case in good overall condition with surface wear and scuffing consistent with age and previous use. Lower right lug with a small nick. Lugs and bezel throughout with light scratches. Case back is personally inscribed "2001 GTS Champion Chris Bingham" with the Grand American Sports Car Series logo. Bracelet with equivalent wear and visible scuffs throughout. Crystal glazing with a visible scratch to toward the center.
Dial in excellent overall condition.
Chronograph operating. The movement is running at time of cataloging, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. Please note that Sotheby's does not guarantee the future working of the movement.
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 but rather the online condition report is a statement of subjective, qualified opinion (for example, information regarding colour, clarity and weight of gemstones are statements of opinion only and not statements of fact). 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 SALE/BUSINESS APPLICABLE TO THE RESPECTIVE SALE.
Christopher "Chris" Bingham (born December 15, 1971) is an American professional racing driver from Kirkland, Washington. He is a noted sports car driver but also competed in stock cars, with eleven Busch Series starts and one ARCA start in his career. Bingham began his professional racing career with four Indy Lights starts in 1997 and participation in the 24 Hours of Daytona in a GT3-class Porsche. He returned to Daytona and made his 12 Hours of Sebring debut in 1998, and in 1999 and 2000 Bingham drove for the Hybrid R&D Riley & Scott-Ford Le Mans Prototype team in the American Le Mans Series. In 2001 and 2002 Bingham drove the works Saleen S7R in the ‘Grand-Am Series' GTS class to back to back championships, including 11 class victories. Not only has Bingham won multiple races, but he has also competed in 14 Rolex 24 hours of Daytona events and LeMans 24 hours. The Rolex Sports Car Series was the premier series run by the Grand American Road Racing Association. It was a North American-based sports car series founded in 2000 under the name Grand American Road Racing Championship to replacing the United States Road Racing Championship with Rolex as series title sponsor. The championship ran a mixture of classes of sports prototypes and Grand Touring and debuted their custom prototype chassis, known as Daytona Prototypes, named after their premiere event, the Rolex 24 at Daytona.
Rolex has a long and storied relationship with motorsport. In the 1930’s, Sir Malcolm Campbell usually wore a Rolex during his nine-world speed record in the 1930’s, including five times at Daytona Beach, Florida. As he wrote to Rolex in a letter from that time, “I have now been using my Rolex Watch for a while, and it is keeping perfect time under somewhat strenuous conditions”,
Rolex first became the official timekeeper of the Daytona raceway in 1962, a year before the release of the Ref 6239 ‘Daytona’ chronograph’ a watch specifically designed for racers with its tachymeter scale prominently displayed on the watches bezel.
Rolex’s involvement in the Daytona 24hr and other series has included the presentation of a winners watch to the winning drivers as well as their team owners and mechanics. In the instance of the NAEC, Rolex only presented winners watches to the winning drivers, meaning each year, only 2 winners watches were presented, making them extremely rare and desirable.
As multiple Rolex winner Scott Pruett said “When you consider all the time, effort and energy that goes into trying to win, it is completely consuming, and a watch is a symbol of this commitment. If you win a trophy, it sits in your trophy case. However, when you win a Daytona, with “Winner” engraved on the back, there’s nothing more special.
“There’s no current driver or past driver who wouldn’t say the most memorable thing you can take away from this race is the watch.”
This is a unique opportunity to acquire a Rolex Daytona winners watch. The Rolex Daytona Ref 116520 first launched at Baselworld in 2000 and was Rolex’s first Daytona to feature a movement entirely made in-house. The full integrated, self-winding chronograph Cal 4130 replaced its predecessor, the Zenith based Cal 4030, and after five years of development and refinement, was more efficient, robust, serviceable and accurate than its predecessor. Presented to Chris Bingham after his championship winning season in the Saleen S7R in 2001, and complete with its box, outer packaging, papers, hang tag, cloth, and uniquely with the case back engraving honoring the championship winning season. In addition, the lot includes the championship winning race helmet that Bingham wore that season.