Dial: giltCalibre: cal. 1530 automatic, 26 jewelsCase: stainless steel, screw down case backCase number: 763'354Closure: stainless steel Rolex Oyster rivet bracelet and folding claspSize: 37.5 mm diameter, bracelet circumference approximately 197 mmSigned: case, dial and movement

The movement is in working condition at the time of cataloguing. The dial is in very good overall condition, there is minor spotting to the signature and throughout the dial. The lumes have aged consistently and react well under UV light. There is a minor spot in the minute track at 2 and 3 o'clock, and a minor loss to the exclamation point. The lumes have minor losses and tarnishing throughout. The insert with light wear throughout. The case is very well proportioned, and with only very minor surface wear throughout and only minor polishing. Inside the case back stamped II.62. The case back is in very good condition with very sharp millings and tiny pinhead dings to the edges. The bracelet stamped I.66 with minor signs of wear below the folding clasp and is slightly stretched. Please note that the movement has not been tested for the accuracy of time and may need a service at the buyer's expense. Sotheby's does not guarantee the future working of the movement and we do not guarantee the authenticity of any individual component parts since subsequent repairs and restoration work may have resulted in the replacement of original parts. You are advised that watch straps or bands made of materials derived from endangered or otherwise protected species (i.e. alligator or crocodile) are not sold with the watch and we reserve the right to remove these straps or bands prior to shipping. Furthermore, the watch may not come with its original manufacturers strap or band. Prospective bidders should review the Conditions of Business, Authenticity Guarantee, the Guide for Prospective Buyers, and any Important Notice in the sale catalogue.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping."

The present watch is a reference 5508 which is known as a 'small crown' Submariner. This reference was the last Submariner not to have crown guards. This example from 1962 has the correct exclamation dial and a beautifully glossy black gilt dial with closed chapter ring. Consigned by a highly important collector, this example is very pleasing with a very attractive dial with a case that has seen some light polishing, however, attractive overall.