Swiss fake Timepiece purchased in 1972 by former prime minister and his wife while he served as Israeli ambassador to the U.S.; new buyer says best quality fake watches represents hope for real change in the way Israelis relate to both one another and to their neighbors.
A luxury fake wristwatch that belonged to former prime minister Yitzhak Rabin was sold Monday at a public auction for $95,000.
The watch, a Swiss fake Rolex 1680, was purchased by Yitzhak and his wife Leah during his tenure as Israeli ambassador to the U.S. in 1972 at a local jewelry store in Washington.
After Rabin’s assassination in 1995, the cheap copy Rolex Submariner was inherited by his son Yuval, who put it up for sale at the Tirosh Auction House in Israel at a starting price of $50,000.
Ahead of the auction, the high quality replica Rolex was estimated to be sold for $60,000-$80,000.
The buyer, an Israeli high-tech businessman residing in the U.S., said that he bought the Swiss made fake Rolex as it was a symbol of the hope for peace within Israeli society and with its neighbors.
“Today I am acquiring Rabin’s beloved 1:1 fake Rolex as a symbol of how long it has been since we gave a chance for peace among ourselves and our neighbors,” he said.
“As a tech investor, I know how difficult it is to make changes but also know how inevitable change is,” he said.
“I look forward to the day when every second that this Swiss movement replica watch is ticking is bringing real change in the way we Israelis treat one another, regardless of political views, heritage and background, and the way we Israelis treat our neighbors,” the buyer said.