This watch, owned by Elvis Presley, fetched a record price for an Omega at a recent auction in Switzerland
This watch, owned by Elvis Presley, fetched a record price for an Omega at a recent auction in Switzerland

Elvis Presley owned Omega wristwatch sells for record breaking amount



A wristwatch that belonged to Elvis Presley has been sold at the Geneva Watch Auction: Seven, by Philips in Switzerland, setting a world record for any Omega timepiece ever purchased. After a long round of bidding, the 18K white gold watch featuring a manually-wound calibre, 44 cut diamonds on its bezel and a silvered ivory dial, reached a final price of CHF1.5 million (Dh5.5 million) and the Omega Museum in the Swiss town of Biel/Bienne became its proud new owner.

It has been described as the “most historically significant Elvis Presley-owned watch to ever appear on the market” and was presented to the artists by RCA Records in February 1961, at a charity luncheon and concert to celebrate his 75 million records sold worldwide – believed to be the first time that milestone had been achieved by anyone. As a reminder, the case back was engraved and included the words: “To Elvis, 75 Million Records, RCA Victor, 12-25-60.”

Presley was a known Omega fan and wore several over the years, including a Seamaster when he served time in the US Army, and the provenance of this one has been added to with photographs of ‘The King’ wearing it, as well as a certificate of authenticity from the founder and CEO of the Elvis Presley Museum, Jimmy Velvet.

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Read more:

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Give your Omega watch a new look with interchangeable straps 

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How to protect yourself when air quality drops

Install an air filter in your home.

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Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

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Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

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Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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World Cup qualifier

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