Preliminary identification

Vintage Rolex-Style 'Pepsi' Bezel Watch (Unverified/Fantasy Model)

Photo reference

1 uploaded photo

Overview

This is a vintage-style wristwatch featuring a blue and red 'Pepsi' 24-hour bezel, a black dial with luminous hour markers, and a date window with a cyclops magnifier.

Story

In 1954, Pan Am pilots needed a watch to track two time zones simultaneously, birthing the iconic red-and-blue 'Pepsi' bezel. This piece captures that jet-age romance, even if its dial text tells a mixed-up story.

Maker / Origin

Rolex, founded by Hans Wilsdorf in 1905, revolutionized watchmaking with the waterproof Oyster case and the dual-time GMT-Master. However, this particular watch is an unverified imitation or 'frankenwatch' that combines elements of different Rolex models into one.

Condition & Value

The watch shows significant wear, including heavy scratching on the crystal, fading and scratching on the bezel insert, and wear on the metal casing and bracelet. The cyclops magnifier appears chipped or heavily scratched, which significantly reduces any novelty value.

Full Research

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.