Breaking any previous records set at any watch auction including the world record just set less than 45 minutes ago by Lot 31 a super rare Rolex Daytona Paul Newman Tropical Oyster Sotto —selling for CHF 1,650,000 Swiss Francs at the Phillips Watches Start-Stop-Reset auction in Geneva—, lot 56 another ultra rare watch from Rolex just set a new world record selling for CHF 2,000,000 Swiss Francs at the auction taking place at the Hotel La Réserve in Geneva on May 14th, 2016.

This super rare Rolex watch is a ref. 4113 'Split Seconds' chronograph from 1942 with a 44 mm case size. The watch originally had an estimate of 800,000-1,600,000 Swiss Francs. It is known that only 12 examples were ever produced and all of them in stainless steel. This example sold in two occasions at auctions in 1996 and 2013, is a true gem.

Never offered to the general public for sale, it appears that Rolex used to gift these watches to car racing drivers during their involvement as sponsors of racing events.

Simply unbelievable how much vintage watches continue to fetch.

Sticker Price CHF 2,000,000 Swiss Francs —approximately $2.1 Million USD. For more info on Phillips Watches click here.