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Rolex Submariner bought for £70 60 years ago sold for £40,000 at auction

Experts initially valued it at between £50,000 and £60,000 (Picture: SWNS/BNPS)
Experts initially valued it at between £50,000 and £60,000 (Picture: SWNS/BNPS)

A Rolex bought for £70 nearly six decades ago has sold for £40,000 at auction after appearing on Antiques Roadshow.

Peter Barnett, 57, inherited the timepiece from his father Simon Barnett, a Royal Navy search and rescue diver, just before he died in 2019 aged 80.

But he deemed it too valuable to wear day in day out, adding: ‘The watch is very precious to our family and it’s not a fashion piece. It was involved in a number of important rescue missions.

‘It’s been a hard decision, but I feel selling it was the right thing to do.’

BNPS.co.uk (01202 558833) Pic: TWGazeAuctions/BNPS Pictured: Simon Barnett wearing the Rolex watch during his service. A 'unique' Rolex wristwatch which a hero British rescue diver bought for ??70 and wore for almost 60 years has emerged for sale for ??45,000. Simon Barnett acquired the 1963 Rolex Submariner 5513 new in Singapore while serving on board the aircraft carrier HMS Victorious. He had it on in 1967 when he responded to a catastrophic incident where a Vixen fighter aircraft crashed into the Mediterranean.
Simon Barnett wearing the Rolex watch during his service (Picture: TW Gaze Auctions/BNPS)

The historic 1963 Rolex Submariner watch was bought by Simon, a chief petty officer, while he was deployed in Singapore in 1964.

It remained on his wrist throughout his 23-year career, helping him keep track of time while he was involved in a number of dangerous rescue missions.

Four years after his death, Peter decided to sell the watch after experts on Antiques Roadshow valued it at between £50,000 and £60,000.

While bittersweet, his appearance on the BBC show helped Mr Barnett piece together more of his father’s career in the navy.

Historic 1963 Rolex Submariner watch set to be auctioned on Friday May 12. See SWNS story SWLNwatch. A Rolex watch bought for ?70 nearly six decades ago and which featured on the BBC's Antiques Roadshow could fetch ?45,000 at auction tomorrow (fri). Peter Barnett, 57, inherited the timepiece from his father Simon Barnett, a Royal Navy search and rescue diver, just before he died in 2019 aged 80. But he's deemed it too valuable to wear day in day out, and has since decided to sell the watch with TW Gaze auction rooms.
The historic 1963 Rolex Submariner watch (Picture: SWNS)

And, after the show, a number of former servicemen got in touch to share the adventures they had with him.

The watch can be seen in countless photographs taken of Mr Barnett during his time in the Royal Navy, capturing its place in naval history.

Peter, a retired police officer and dad-of-one from Diss, Norfolk, added: ‘I would wear it all the time and I felt very close to my father while wearing it.

‘But after finding out how much it was worth, I couldn’t walk around with potentially £60k around my wrist.’

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