Jul 5, 2026 – 8.31pmOn July 19 at 8pm, a Sydney auction house is hopeful of celebrating the sale of the most expensive watch ever purchased in Australia.First State Auctions is selling a collection of 28 rare Swiss watches, including high-end pieces from brands such as Audemars Piguet and Richard Mille. But attention will inevitably focus on one timepiece. Known as the Rolex “Rainbow” Daytona, the watch is an 18-carat gold chronograph with a multicoloured gem-set bezel, and it is estimated to sell for more than $500,000.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Rare Rolex ‘Rainbow’ Daytona set to break Australian auction records
A mystery owner, described as “a prominent Australian tech founder”, is selling a collection of Swiss watches that are expected to fetch more than $2 million.
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