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Rolex Submariner with Explorer Dial

As time goes on, highly-desirable, rare watches in original condition get more and more difficult come by, so when one does come along, it is easy to get excited about its emergence.

If you are a fan of vintage Rolex timepieces, you will be aware of just how sought after the Explorer dial Submariners are. Well, one of these exceptional watches will be offered at auction by the original owner, and the incredibly lucky man, who did not want to be named and has owned the Submariner since 1963, came within an inch of losing around 90% of its value two decades ago.

Rolex Submariner with Explorer DialAs reported in the Daily Mail last week, the owner bought the reference 5513 in 1963, and came perilously close to having the Explorer dial replaced, a move that could have knocked off hundreds of thousands of dollars from its current value.

“The owner had a lucky escape after he got it serviced 20 years ago when he asked the watchmaker to change the dial. But the company was unable to do the work. He later found out the repair would have knocked off 95% of the value.”

“The pensioner, who did not want to be named, has owned the watch since 1963, when his wife bought it for him for £69.10 – around £1,000 in today’s money – to celebrate the birth of their first child.”

It cannot be overstated as to how fortunate the owner was that the work was never carried out on his Explorer dial Submariner, as it is the original dial, which thankfully remained intact, that holds the value in the watch. It was only later on that he discovered that this mistake could have cost him dearly.

The auction will be hosted by Gardiner Houlgate, a specialist auctioneer based in Corsham, and they sold another Explorer dial Submariner in May this year for an impressive £192,000. As of yet, no official estimate has been placed on the watch, but strong interest is to be expected.

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