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Sea-Dweller · 1967 to 1977 · Discontinued · Vintage

Rolex Sea-Dweller 1665

“Double Red”

–NOT RATED
NR
Vintage grade not rated: too few recorded sales to grade it honestlyToday's call · Not enough data

Not ranked: too few recorded sales

Retail (1975)$550
Typical sale today$31,000Typical range $29,000 to $32,500
Vs retail+5491%
1-yearn/a

Market range: 7 public auction results (Christie's) from the last 3 years, buyer's premium included.

Open in the interactive VaultLive eBay listings ↗︎

Market price history

20242025 $31,000

Median public auction result (Christie's) for each year with 2 or more sales, buyer's premium included. Dashed line marks the 1975 retail price.

Investment scorecard

Momentum50Measured price direction: the median recorded sale of the last 4 months against the median of 8 to 12 months ago. 50 means flat; small samples are pulled toward 50.
Liquidity17How easily it sells: recorded sales in the last 12 months (300 or more scores 100) and eBay's 90-day sell-through rate.
Scarcity77Demand against supply. For modern pieces, how far the market sits above or below current retail, plus a lift if production has ended. For vintage, how rarely one comes up for sale.
Value entry50Where the latest quarter's median sale sits inside its own 3-year range. Buying near the low scores high; buying at the high scores low.
Condition safety59How safe a typical example is: the age of the design, plus how tightly sale prices cluster (a wide spread means condition and originality swing the price).

The story

Born for COMEX saturation divers with the first helium escape valve, and nicknamed for the two red lines of text on the dial. It is one of the blue-chip references of vintage tool Rolex.

Four dial marks (Mk I through IV) each price differently, and the early 'Patent Pending' casebacks carry huge premiums. Expertise pays for itself here.

The helium escape valve was invented for this watch after COMEX divers kept returning Submariners with the crystals blown clean off: helium atoms seeped in during saturation dives and had nowhere to go on the way up. Rolex's fix, a one-way valve, is still on every Sea-Dweller today.

The 'Great White' all-white-text version succeeded the Double Red in 1977 and trades at roughly half the money, the standing value play within the reference. Patent Pending casebacks, Mk I dials, and COMEX-issued examples form the six-figure summit.

Our verdict: A for the patient collector. Scarcity is near-absolute and provenance is everything: buy the seller, the dial mark, and the paperwork.

Configurations

Sizes40mm
Case & braceletOystersteel (stainless)
Factory braceletOyster
Factory bezelsBlack aluminum dive bezel
Notable dialsTwo red lines 'Double Red' (DRSD); Later all-white 'Great White' (1977-83)
Caliber1575
Production1967 to 1977 (discontinued)

Recent recorded sales

SoldExamplePrice
May 11, 2026Christie's auction · Geneva live sale ↗︎
Double Red · sold for CHF 20,320
$25,925
Dec 9, 2025Christie's auction · New York live sale ↗︎
Double Red, tropical dial
$35,560
Apr 14, 2025Christie's auction · Online sale ↗︎
Double Red Mk4 · sold for HKD 239,400
$30,832
Nov 6, 2024Christie's auction · Online sale ↗︎
Double Red · sold for CHF 20,160
$22,904
May 26, 2024Christie's auction · Hong Kong live sale ↗︎
Double Red Mk3 · sold for HKD 252,000
$32,261
May 7, 2024Christie's auction · Online sale ↗︎
Double Red · sold for CHF 27,720
$30,488
Nov 6, 2023Christie's auction · Geneva live sale ↗︎
Double Red · sold for CHF 27,720
$31,094

Recorded eBay completed sales, logged at our last data refresh.

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