Ultra-rare Rolex could fetch up to £120,000 at auction

The MilSub Rolex, which sat in its owner’s drawers for decades, is expected to bring between £80,000 and £120,000 at auction on Wednesday.

The watch, known as a MilSub, was issued to a former Royal Navy diver in the 1970s by the Ministry of Defence and was bought from him by the current owner in the early 1980s.

The auction of an ultra-rare Rolex which had been sitting in its owner’s drawer for decades could bring in as much as £120,000 when it goes under the hammer on Wednesday.

A Perthshire diving enthusiast, who wished to remain anonymous, took the government-issued Rolex 5513/5517 Military Submariner dive watch to Crieff-based antique dealer Nick Brewster, who said on “first sight of this exquisite watch, I felt that there was something about it”.