One of the Rarest Rolex References of Them All: the Rolex Oyster Zerograph Monopusher Flyback Chronograph Reference 3346

Credits: Article and images by Ian Skellern @ Quill & Pad. See the original article here - https://quillandpad.com/2024/09/10/one-of-the-rarest-rolex-references-of-them-all-the-rolex-oyster-zerograph-monopusher-flyback-chronograph-reference-3346/

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In the spirit of go big or go home, let’s look at one of the most desirable timepieces ever to come up at auction: a Rolex Reference 3346 in stainless steel from 1937.

This Rolex was lot 36 in the 2016 Phillips Start-Stop-Reset auction, and it ended up hammering for 389,000 Swiss francs at the May sale.

This is what makes this 80-year-old timepiece so desirable:

It’s one of the rarest Rolex references ever with only this one model having surfaced
It was the very first Rolex chronograph in an Oyster case.
It was a calibrated rotating bezel, the template for all Rolex sports watches that followed.

Rolex Oyster Zerograph monopusher flyback chronograph Reference 3346 from 1937

This flyback chronograph was the most complicated movement that Rolex had ever made at the time, is was developed in-house and was patented.

It is the only flyback chronograph that Rolex has ever made.

It also happens to be the very first Oyster-cased chronograph that Rolex has ever made.

Rolex Oyster Zerograph monopusher flyback chronograph Reference 3346 from 1937

It includes the very first revolving bezel Rolex outfitted a watch with. This feature would not become a serial element at the brand until the 1950s.

Its California dial is a feature that is found on only one of two Rolex models. Ever.

The hammer price of 389,000 Swiss francs was near the middle of its estimate, which was between 250,000 and 500,000 Swiss francs.

Rolex Oyster Zerograph monopusher flyback chronograph Reference 3346 from 1937

For more information, please visit www.phillips.com/detail/ROLEX/CH080016/36.

I’d like to thank Paul Boutros and Alex Ghotbi from Phillips for their help in helping to select this exceptional and interesting piece from an auction consisting entirely of exceptional and interesting pieces.

* This article was first published 05 June 2015 at One Of The Rarest Rolex References Of Them All: The Oyster Zerograph Monopusher Flyback Chronograph Reference 3346