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Ultra-Rare Rolex Could Fetch Up to £120,000 at Auction

The Rolex 5513/5517 Military Submariner dive watch.

The Rolex 5513/5517 Military Submariner dive watch.

Photographer: Nick Brewster/PA Wire

The auction of an ultra-rare Rolex which had been sitting in its owner's drawer for decades could bring in as much as £120,000 when it goes under the hammer on Wednesday.

A Perthshire diving enthusiast, who wished to remain anonymous, took the government-issued Rolex 5513/5517 Military Submariner dive watch to Crieff-based antique dealer Nick Brewster, who said on "first sight of this exquisite watch, I felt that there was something about it".