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178

Rolex

Ref. 5514, inside case stamped 5513

Submariner "COMEX"

A very rare and fine stainless steel automatic diver’s wristwatch with Helium Escape Valve, Maxi dial and bracelet, made for COMEX

Estimate
CHF40,000 - 80,000
€43,100 - 86,200
$48,900 - 97,900
CHF82,550
Lot Details
Manufacturer
Rolex
Year
Circa 1977
Reference No
5514, inside case stamped 5513
Case No
5'230'224 and Comex issue number 806
Model Name
Submariner "COMEX"
Material
Stainless steel
Calibre
Automatic, cal. 1520, 26 jewels
Bracelet/Strap
Stainless steel Rolex Oyster bracelet, stamped 93150, endlinks stamped 580, max length 195mm
Clasp/Buckle
Stainless steel Rolex flip lock clasp stamped 93150
Dimensions
39mm diameter
Signed
Case, dial, movement and clasp signed, dial further signed "COMEX" and caseback signed "COMEX"
Catalogue Essay
COMEX models hold a special place in the hearts of vintage Rolex sports watch enthusiasts. During the pioneering days of deep-sea exploration, Rolex collaborated with experts in the field, including COMEX (Compagnie Maritime d'Expertises), a Marseille-based specialist diving company for the oil industry. This partnership led to the development of modified Submariner reference 5513 models in the mid-to-late 1960s, some of which were equipped with Helium Escape Valves. These early experiments paved the way for two iconic timepieces: the Sea-Dweller, with its thicker case for enhanced water resistance, and the Submariner reference 5514, which retained the thinner Submariner case but incorporated a Helium Escape Valve. These timepieces, marked with "COMEX" on their dials and casebacks, were never available for public sale, making them highly coveted among collectors. The ref. 5514, in particular, has become one of the most sought-after Submariner models due to its rarity and historical significance.

The present example is a stunning representation of the ref. 5514, featuring the COMEX name prominently on the dial and engraved on the caseback, along with the COMEX issue number, 806. Later examples, like this one, display the COMEX engraving around the edge of the caseback rather than straight across. Additionally, this watch features the largest "big numbers" style for the issue number, adding to its appeal.

What truly sets this watch apart is its exceptional condition. The case remains remarkably crisp and sharp, while the matte-black Maxi Dial is virtually flawless, with luminous hour markers that have aged to a warm sandy patina, perfectly matching the original hands. Finding a COMEX model in such outstanding preservation is exceedingly rare, making this an extraordinary opportunity for any serious Rolex collector to acquire a true piece of horological history.

Rolex

Swiss | 1905
Founded in 1905 England by Hans Wilsdorf and Alfred Davis as Wilsdorf & Davis, it soon became known as the Rolex Watch Company in 1915, moving its headquarters to Geneva in 1919. Like no other company, the success of the wristwatch can be attributed to many of Rolex's innovations that made them one of the most respected and well-known of all luxury brands. These innovations include their famous "Oyster" case — the world's first water resistant and dustproof watch case, invented in 1926 — and their "Perpetual" — the first reliable self-winding movement for wristwatches launched in 1933. They would form the foundation for Rolex's Datejust and Day-Date, respectively introduced in 1945 and 1956, but also importantly for their sports watches, such as the Explorer, Submariner and GMT-Master launched in the mid-1950s.One of its most famous models is the Cosmograph Daytona. Launched in 1963, these chronographs are without any doubt amongst the most iconic and coveted of all collectible wristwatches. Other key collectible models include their most complicated vintage watches, including references 8171 and 6062 with triple calendar and moon phase, "Jean Claude Killy" triple date chronograph models and the Submariner, including early "big-crown" models and military-issued variants.
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