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Rare Rolex Milgauss Fetches Record $2.5 Million at Auction

Rolex Prices to Drop Further as Supply Surges

A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists.

The stainless steel watch, produced in 1958 and designed to resist magnetic fields, features a black honeycomb dial, rotating bezel and a seconds hand shaped like a lightning bolt. The Milgauss was one of the highest-priced timepieces sold during a weekend of…


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