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Rare Rolex Milgauss watch fetches record $2.5 mln at Geneva auction


A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists.

The stainless steel watch, produced in 1958 and designed to re-sist magnetic fields, features a black honeycomb dial, rotating bezel and a seconds hand shaped like a lightning bolt. The Milgauss was one of the highest priced timepieces sold during a weekend of watch auctions in Geneva.

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It was sold by Phillips Auctioneers on Saturday for 2.24 million Swiss francs to a bidder in the room, a record for any Milgauss, and double the pre-auction high estimate of 1 million francs. A similar version from 1958 sold at Christie’s in 2013 for 317,000 francs.

Another, sold by Phillips in 2022, fetched just over 300,000 francs.
The winning bidder, who topped a rival offer from the US, bought the watch on behalf of Rolex, according to people familiar with the matter. Contacted by Bloomberg News, Rolex declined to com-ment.

It’s not unusual for luxury watch companies to buy their own time-pieces at auction for their archive collections or museums.
The result shows watch collectors are still willing to pay record values for rare, vintage Rolex timepieces in top condition, said Tony Traina, an editor at Hodinkee, the US-based online watch magazine and retailer.

Rolex discontinued the latest version of the Milgauss in March. The anti-magnetic watch was created for people working in laboratories and was never as popular as Rolex’s other ‘Professional’ models made for deep sea divers, pilots, or race car drivers.

The watchmaker was approached in the early 1950s by scientists at Geneva’s Conseil Européen pour la Recherche Nucléaire, better known as CERN (and now home to the Large Hadron Collider), according to a research article by Logan Baker, senior editorial manager at Phillips’ digital marketing department.

The CERN scientists asked for a wristwatch that could tell the time accurately even in the presence of strong magnetic fields. Rolex produced the first Milgauss in 1956. With a soft iron cage sur-rounding the movement inside the case, it was named for its ability to withstand exposure of as much as 1,000 gauss or ‘mille gauss’ in French.

“No one famous wears a Milgauss, said Traina, who also co-hosts a podcast about watch auctions and the secondary market called Significant Watches. “It’s the watch for scientists. It’s the watch for nerds.

During the weekend auctions, Sotheby’s sold a yellow gold Rolex Daytona nicknamed the ‘John Player Special’ for its resemblance to the colors of the 1970s British tobacco-sponsored Lotus Formula One racing team, with a so-called ‘Paul Newman’ dial, for 2.24 million francs. That’s the same price as the Milgauss and the highest price ever paid at auction for a John Player Special Daytona.
Christie’s sold a limited edition Patek Philippe, Nautilus 5711 made for Tiffany & Co. with the jewelery brand’s signature blue colored dial, for 2.23 million francs. The same model was sold for about $6.5 million in 2021 while another sold for 3.17 million francs in 2022.

Read more: Most expensive watches in the world: 5 of the top luxurious timepieces

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Arabian Saluki Beauty Contest at ADIHEX 2024: A celebration of ancestral elegance

The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) announce the return of the prestigious Arabian Saluki Beauty Contest, a unique initiative aimed at highlighting the significance of purebred hunting dogs and fostering a connection between the new generation and their rich ancestral heritage.
Under the esteemed patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC), this iconic event is scheduled from 31st August to 8th September, 2024, at ADNEC Centre Abu Dhabi, celebrating the blending of deep Emirati cultural traditions with cutting-edge innovation and technology across 11 diverse sectors.
A highlight of this year’s event is the Arabian Saluki Beauty Contest. One of the world’s oldest and most revered dog breeds, the Arabian Saluki stands as a symbol of wild hunting and desert traditions in the Middle East. Known for its grace, speed, and intelligence, this distinctive breed has been a faithful companion to the Bedouin people for over 5,000 years, serving as both a hunter and guardian. The Saluki’s agility and loyalty have made it an integral part of hunting and racing traditions, especially within the Arabian Peninsula.
The Arabian Saluki Centre was established in Abu Dhabi in 2001 alongside the Emirates Falconers’ Club, marking the first facility of its kind in the Arabian Gulf region and the Middle East, to revive the tradition of desert hunting using Saluki dogs, a cherished aspect of desert heritage.
ADIHEX was the first cultural event in the Arab region to honour the bond between Man and his loyal companion, which has been by our side for thousands of years. The Arabian Saluki Beauty Contest is a unique initiative designed to promote interest in purebred hunting dogs and to strengthen the new generation’s connection to their ancestral heritage and traditions and to serve as a testament to this unique bond.
With its origin steeped in history, this fascinating dog’s name is believed to be derived from the city of Saluk in Yemen or the Bani Saluk tribe. Renowned for its endurance and elegance, the Saluki can reach speeds up to 75 kilometres per hour, maintaining this pace over distances up to almost five kilometres. The breed is cherished for its unique physical characteristics, including a slender body, deep chest, long legs, and two distinct coat types: ‘Al Hoss’ (smooth) and ‘Aryash’ (feathery).
The Arabian Saluki Beauty Contest, held during ADIHEX, is more than a beauty pageant. It celebrates the essence of the Saluki by focusing on the dog’s personality, skills, reflexes, and sensory response. Unlike typical dog competitions, this contest evaluates the Saluki’s breed characteristics, behaviour, overall appearance, structure, hunting skills, and psychological traits. Judging criteria include the dog’s gait, head, eyes, mouth, ears, coat, colour, and general impression.
The Arabian Saluki Beauty Contest is an integral part of ADIHEX’s mission to preserve and promote the cultural heritage of the UAE and the wider Arab world. This contest not only showcases the beauty and abilities of the Saluki but also plays a vital role in raising awareness about the importance of preserving traditional hunting practices and the Saluki’s role in them.
This year’s competition will feature four categories: ‘Smooth (Hoss) Males,’ ‘Feathery (Aryash) Males,’ ‘Smooth (Hoss) Females,’ and ‘Feathery (Aryash) Females.’ The event is scheduled to take place during ADIHEX 2024, and, per the rules, participants must ensure their dogs are healthy, microchipped, and vaccinated.
The Saluki’s enduring legacy is celebrated through this competition, which draws participants and spectators from across the region and beyond. It provides a platform for Saluki enthusiasts to connect, share their passion, and celebrate a breed that has remained virtually unchanged for millennia, reflecting the diverse hunting landscapes and traditions of the Middle East.
Aside from the alluring Arabian Saluki Beauty Contest, as the largest edition of ADIHEX to date, the 21st edition will showcase thousands of brands across 11 diverse sectors, offering a dynamic platform for new business opportunities and captivating audiences of all ages. This exhibition celebrates the thrill of an adventurous outdoor lifestyle, allowing visitors to explore falconry, hunting, equestrian sports, veterinary products, fishing and marine sports, environmental preservation, cultural heritage, arts and crafts, and the latest in technology and innovation across all the represented sectors.

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Sharjah Ruler directs allocation of beach for women in Khorfakkan’s Al Luluyah area

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has ordered the allocation of a 500-metre beach for women in Al Luluyah area of Khorfakkan, providing them with complete privacy. The project will include a service building that includes a cafe, a medical clinic and a prayer room for women. His Highness the Ruler of Sharjah also directed the construction of a pedestrian bridge linking Al Bardi 6 and Al Batha areas in Khorfakkan, to facilitate the movement of citizens, and modifications will be implemented on the internal roads in the Hayawa area.

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