Rolex Oyster Perpetual Date ref 1501 with engine bezel from 1970

Very good condition Rolex Perpetual Date with ref 1501 from 1970. The watch has a round grey dial with silver baton for each hour. The cyclop window for the date is at 3 o’clock. The watch has stick hands for hours and minutes. The watch comes with engine bezel and Rolex crown. It is a stainless steel screwed back case with engraved inside “Montres Rolex SA – Geneva Switzerland Patented – Stainless Steel – 1501 – 1.70”. It is an automatic movement with caliber 1570 with 26 jewels. The watch comes with a stainless steel oyster strap with reference 357 and double folder clasp buckle

History

In 1905, Hans Wilsdorf founded in London “ Wilsdorf & Davis” a wholesaler company. The same year, he signed a contract to distribute the Aegler wristwatches brand in UK. In 1908, he creates his own brand called “Rolex” abbreviation of “Rolling Export”. In 1914, Wilsdorf won a class “A” rating certificate from the Kew observatory in England. In 1914, “Les Fils de jean Aegler become Rolex Watch Co. Aegler SA, Manufacture d’Horlogerie”. In 1920, Wilsdorf founded “Montres Rolex SA” in Geneva. In 1926, he patented a watchcase with a screw down crown. In 1927 the “Oyster” was born when Mercedes Gleitze crossed the Channel in 15 hours and 15 minutes. In 1931, came the “Perpetual”, then the “Datejust” in 1945. Since 2000, Rolex makes its own movements and produce over 700,000 watches a year many being iconic like the Daytona, Submariner or the Prince to name a few.

Technical details

Rolex automatic movement with caliber Rolex 1570 with 26 jewels and 18,000 A/h.

Measurements

Diameter excluding winding crown: 34mm
Length including lugs: 41mm

Price: $4,300