The 5508 model, which auction house Fellows said is ‘beautifully aged’, features a spider dial, adding to the originality of the captivating timepiece.
The Rolex ‘4 liner’ was one the last old-style Submariners, without crown guards which later 5512 and 5513 models possessed.
This highly sought-after timepiece dates back to 1962.
The watch will be the highlight in Fellows’ Watch Sale, which takes place on October 15.
The Rolex Submariner 5508 is commonly known by collectors as the “small crown” model.
It is the last of the Submariner series to carry the “100m = 330ft” depth rating. The name ‘4 Liner’ refers to the four lines of text to the dial.
This particular variant is referred to as “SCOC,” meaning the text is in the order “Superlative / Chronometer / Officially / Certified” on its dial, showing that this watch is equipped with a chronometer grade movement.
Fellows has a history of selling rare Rolex models for high prices, with a Rolex Milgauss selling for £110,000 in November 2017, and a Rolex Explorer fetching a total of 31,900 in August 2019.
Steven Yambo, Senior Specialist from the Watch Department at Fellows Auctioneers, said: “I anticipate a lot of bids on this Rolex Perpetual Oyster Submariner purely due to its age and originality. I love a Rolex with an alluring spider dial, which certainly makes this stand out amongst others. We have many standout watches in our upcoming sale, so I’m hoping this rounds off a successful auction.”