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Sun, Dec 22, 2024 | Jumada al-Aakhirah 21, 1446 | DXB
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Dubai: Rolex with Sheikh Mohammed's signature sold for Dh1.1 million
Made around 1978, the luxury watch features UAE's coat of arms and Dubai Ruler's Arabic signature, who was at the time the Minister of Defence
Supplied photos
Dubai has become a top destination for collectors of arts, supercars, watches and other luxury items. Hence, many auction houses now choose to sell their rarest items in Dubai to get the best rates. The inaugural auction of rarest cars and watches by RM Sotheby’s in Dubai surpassed $17 million (Dh62 million).
Among watches, the highlight selling item was the Rolex Daytona UAE, which sold for an astounding $300,000 (Dh1.1 million). Made around 1978, the watch features the UAE coat of arms and the Arabic signature of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, who was at the time the Minister of Defence.
Rolex Daytona UAE
Besides the luxury watch, the auction witnessed three supercars going under the hammer for more than Dh10 million each.
The top seller was one of just three in existence, the 2016 Koenigsegg Agera RSR, bought for $3.38 million (Dh12.4 million). Powered by a 5.0 V-8 that produces 1,160 horsepower, the supercar had covered only 993 kilometres.
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The second highest seller was the 2009 Mercedes-Benz SLR McLaren Stirling Moss, achieving $3.211 million (Dh11.784 million), another world-record auction price for the model. Rounding off the top three sellers in Dubai was the 2023 Aston Martin Valkyrie Coupé. The most powerful Aston Martin ever produced was grabbed for $3.07 million (Dh11.266 million).
Aston Martin Valkyrie Coupé
“We have been working hard over the past few years to grow our presence in the region and are enthused with the interest generated in our inaugural sale as well as the excellent results. It underlines the passion for collector cars in the region and the growing appeal of acquiring cars in a live auction environment supported by the growing number of related events,” said Peter Wallman, chairman of RM Sotheby’s UK and EMEA.
Top Ten Dubai Sales
| 2016 Koenigsegg Agera RSR | $3.38 million |
| 2009 Mercedes-Benz SLR McLaren Stirling Moss | $3.21 million |
| 2023 Aston Martin Valkyrie Coupé | $3.07 million |
| 2017 Lamborghini Centenario LP770-4 Coupé | $2.142 million |
| 2022 Ferrari 812 Competizione | $1.467 million |
| 2014 McLaren P1 | $1.00 million |
| 2018 Mercedes-Maybach G 650 Landaulet | $792,500 |
| Rolex Daytona UAE (Ref. 6263) | $300,000 |
| 2015 Rolls-Royce 'Silver Spectre' Shooting Brake | $280,625 |
| 1993 Ferrari 512 TR | $275,000 |
Katia Nounou Boueiz, senior director and head of Sotheby’s UAE, said the inaugural auction in Dubai included 10 watches.
Among the other rarest supercars, the 2017 Lamborghini Centenario LP770-4 Coupé went for $2.142 million (Dh7.86 million), and the 2022 Ferrari 812 Competizione, one of just 999 in existence, was grabbed for $1.467 million (Dh5.383 million), exceeded its pre-sale high-estimate.
Lamborghini Centenario LP770-4 Coupé
In total, RM Sotheby’s inaugural Dubai auction grossed $17.381 million (Dh63.788 million) with 88.9 per cent of all lots sold out.
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Waheed Abbas
Waheed Abbas is Assistant Editor, covering real estate, aviation and other business stories that directly affect the lives of UAE consumers. He frequently reports human interest stories, too.
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