Historic 1968 Rolex GMT Is a Bankable Investment

We love watches where you can trace the history since new, especially when that story has a military connection. So this 1968 Pepsi bezel Rolex GMT owned by Commander John Carr is a winner in terms of investment potential we think.

It is being auctioned later in May by Gardiner Houlgate and here is the spec from their website;

Rolex Oyster Perpetual Date GMT-Master ‘Pepsi’ stainless steel gentleman’s bracelet watch, ref. 1675, circa 1968, serial no. 1870xxx, ‘Pepsi’ bezel insert.

‘Swiss -T<25’ black dial with twenty-four hour hand, dot markers, Mercedes style hands, sweep centre seconds and date aperture, cal. 1570 26 jewel movement, no. D167xxx

Expanding bracelet, the inside case back stamped ‘1675’ and dated ‘I.68’, bezel 40mm diameter.

Comes with the original box, guarantee booklet and chronometer certificate, Rolex service receipt for 1989, and tag.

Commander John R Carr was born in 1912 in Patagonia. Following the death of his father John returned to Britain and served at the Dartmouth Naval College. He served the navy during the war, rising to the rank of Commander, and retired in 1962.

He then went to work for Shell in Europe as Superintendent of Diving, and was the project director of an international group investigating the effect of mixed gas diving on the ability of men to work at great depths, called Capshell.

It was a collaboration of the Italian, US and British Navies, Shell and Italian diving firm Micoperi. This project was at the forefront of modern oceanography and paved the way for the oil industry to work in the deep sea.

The medical side of the research took place in Zurich and after the project was finished John was gifted this Rolex from the team. He passed away in 2001.

ORIGINAL CONDITION, NOT RESTORED

What we like about this watch is that it has NOT been restored or refurbished with modern hands, bezel or other bits by well-meaning technicians at Rolex. Yes the crystal has scratches, the case has marks and there is some dust inside the watch, but that makes it undeniably authentic, a true piece of watch history.

Clean it now and then, have it serviced but not restored – and then store it away safely. This is better than  money in the bank, we guarantee it will almost double in value in a decade – try getting that return from NatWest.

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