Dubai ruler’s Rolex watch sold in competitive auction for $130,000

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An auction organized by Christie’s Auction House witnessed a competitive bid on a Rolex watch which was designed and made for Dubai Ruler and Vice President of the UAE, Sheikh Mohammed bin Rashid al-Maktoum.

The auction was held at Jumeirah Emirates Towers on Friday. The watch, made from rare stainless steel, was sold for $130,000, which equates to Dhs 466,360, reported The National.

Another watch which was in competition with the Rolex make, was one belonging to Egypt’s late King Farouq. The watch, which was sold for an astounding $750,000, or Dhs 2.754 million, was a Patek Philippe.

According to one of the bidders from China, the auction was one of the most “competitive.”

“I am interested in buying unique watches showcased during the auction. If I was lucky to get one of these watches, I will keep them and not consider selling them,” said the bidder.

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