Preliminary identification

Vintage Rado Golden Horse Quartz Wristwatch, Ref. 113.9503.2

Photo reference

4 uploaded photos

Overview

This is a classic two-tone Swiss dress watch featuring Rado's iconic dual-seahorse insignia and pivoting red anchor logo. Housed in a gold-plated case with a beads-of-rice style bracelet, it represents the brand's transitional era bringing historical flagship designs into precision quartz movements.

Story

Introduced in 1957, the Golden Horse was Rado's breakthrough line that conquered Asian and European markets. By the 1980s, Rado adapted this icon with Swiss quartz tech while keeping its legendary twin seahorses emblem.

Maker / Origin

Founded in 1917 as Schlup & Co. in Lengnau, Switzerland, the company launched the brand name Rado in the 1950s. They quickly distinguished themselves as pioneers of avant-garde case engineering, scratch-resistant materials, and distinctive dial motifs like the rotating anchor. Today, Rado is celebrated globally as the 'Master of Materials' within the Swatch Group.

Condition & Value

Very good to near-mint vintage condition with sharp case edges, clear dial, intact original caseback sticker, and minimal visible wear on the gold plating. The operational state of the quartz movement (battery life/clean circuit) will determine final market value.

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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.