Auctions

Two Rolexes With Ties to Titanic Head to Auction

AuctionsNov 06, 2024

Two Rolexes With Ties to Titanic Head to Auction

The Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.

Alfred ‘Al’ Giddings Rolex Submariner watches Titanic
Underwater cinematographer Al Giddings (left) routinely wore his Rolex “Red” Submariner (right) during his adventures, including dives to the Titanic wreckage site. It will be offered alongside Giddings’ gold Rolex Submariner at Sotheby’s December watch auction.
New York—Two Rolex watches that have been worn across the globe, from the North Pole to the underwater wreckage site of the Royal Mail Steamer (R.M.S.) Titanic, will make their auction debut at Sotheby’s next month.

Both pieces come from the collection of Emmy Award-winning underwater cinematographer Alfred “Al” Giddings, known for his role as co-producer and director of underwater photography for James Cameron’s 1997 Oscar-winning film “Titanic."

The Rolexes on offer include a steel 1680 Submariner that Giddings worn on several of his dives to the site of the Titanic wreckage, and a gold 1680 Submariner that he lent to actor Bill Paxton for his character Brock Lovett to wear in the blockbuster film.

Giddings, trained to dive in 1959, was the first to dive with mixed gases to the site of the Andrea Doria in 1969, as well as the first to discover, dive, and penetrate the Japanese I-169 submarine in Truk Lagoon in 1973, according to Sotheby’s. 

Since Robert Ballard’s 1985 discovery of the R.M.S. Titanic, Giddings has completed 17 dives to the site, which has only been seen by fewer than 250 people in the world, said Sotheby’s.

For more than a dozen of those dives, Giddings wore his Rolex Ref. 1680 Submariner, which is estimated to sell at auction for $20,000 to $40,000.

Al Giddings Rolex Ref. 1680 Submariner
The Rolex Ref. 1680 “Red” Submariner owned and worn by Al Giddings, circa 1976


Giddings’ model was a “Red Sub,” a version featuring red Submariner text on the dial that was only produced for the first part of the Ref. 1680’s production run, according to watch marketplace Bob’s Watches.

Giddings said of the Rolex, “The appropriate diving watch was the thing to have, and this watch performed flawlessly, emphasis [on] flawlessly, for all those years, both underwater in different pressure environments and different submersibles: on Titanic, on the Andrea Doria, shipwrecks of Truk Lagoon, Bikini Atoll, the North Pole, Antarctica. 

“There really was no competition; it was simply the best.” 

Giddings Rolex Submariner
Al Giddings standing on top of the Alvin submersible, which went to wreckage of Titanic in 1986, wearing his Rolex “Red” Submariner


Sotheby’s said it isn’t often the auction house comes across a Rolex Submariner with such “distinguished dive and exploration history.” 

In some ways, the watch is the “ultimate evolution” of what the Rolex Oyster is supposed to be—a waterproof wristwatch—but in other ways, it was the beginning of a legend that would go on to define the “dive watch genre,” becoming an icon on the seas and in Hollywood. 

 Related stories will be right here … 

Giddings began developing innovative cameras, lighting, optical systems, and other gear from a young age.

He later worked with National Geographic and the BBC, as well as on documentaries and major motion pictures like the James Bond films “For Your Eyes Only” with Roger Moore and “Never Say Never Again” with Sean Connery, and another Cameron film, 1989’s “The Abyss.”

In 1992, Giddings and a Soviet-American team of scientists, technicians, and dive experts put together detailed footage of the Titanic wreckage for the documentary “Titanic: Treasure of the Deep,” a film that, while being screened for the Academy in Hollywood, inspired Cameron to collaborate with Giddings again in making “Titanic.”

Another of Giddings’ projects was documenting the research of Dr. Sylvia Earle, a highly regarded marine biologist, oceanographer, and explorer he worked closely with for several years. 

Giddings’ ability to capture the underwater world was integral in bringing her work and research to life, Sotheby’s said.

Rolex, continuing its involvement in deep-sea exploration, sought photos of Earle for a campaign.

At the time, the watchmaker had an employee named T. Walker Lloyd who was a former Marine and prominent diver. He also happened to be friends with Giddings.

Giddings sent his photos of Earle to Rolex as a favor to his friend, and Lloyd thanked him with a watch.

Al Giddings Rolex Ref. 1680 Nipple Dial Submariner
The circa 1984 yellow gold Rolex Ref. 1680/8 “Nipple Dial” Submariner owned by Al Giddings and worn on screen by Bill Paxton in “Titanic”


“About a month went by, and a box came in the mail that just said, ‘Enjoy, T. Walker Lloyd.’ And it was this gold Rolex. I was in shock,” Giddings said.  

“I think at the time they were $10,000.” 

The timepiece, a yellow gold Rolex Ref. 1680/8 “Nipple Dial” Submariner, is estimated to sell at auction for $30,000 to $60,000. 

Giddings wore this watch sparingly but did use it on dives to important locations, and it was the watch Paxton wore in “Titanic,” Sotheby’s said. 

Giddings also had a cameo in the movie as one of the Mir submersible operators speaking with Paxton.  

“I finished my part of the movie and went back to Montana,” Giddings said.  

“Eight or 10 months later, I started scratching my head, ‘Whatever happened to my gold Rolex?’ and got ahold of Jim’s office. And a week or two later, it came in the mail with a thank-you note, from Fox.” 


“Al Giddings has lived an extraordinary life, brimming with experiences that only the most intrepid adventurers could dream of. For 50 years, these watches have journeyed with him across the globe, from the icy realms of the North Pole to the profound depths of the ocean. 

“No other timepieces boast such extensive underwater exposure, particularly the steel model, which has accumulated tens, if not hundreds of thousands of hours, beneath the waves. If there exists a maritime counterpart to a watch that has journeyed to the moon, these are it,” Sotheby’s Global Head of Watches Geoff Hess said.

The watches will make their auction debut at Sotheby’s Important Watches sale on Dec. 6 in New York. 

They will be on be public view at Sotheby’s York Avenue galleries on Dec. 5. 
Lauren McLemoreis the associate editor, gemstones at National Jeweler, covering sourcing, pricing and other developments.

The Latest

Karl Getschel and Bob Yanega of Smyth Jewelers
IndependentsAug 14, 2026
Smyth Jewelers to Open Fourth Location

The family-owned jeweler will open a new showroom in Bel Air, Maryland, this fall.

Stock image of a gavel
CrimeAug 14, 2026
Wife of Man Convicted in Jeweler’s Murder Sentenced for Conspiracy

Amanda Ileana Hernandez is married to Carlos Hernandez, one of two men in prison for the 2024 murder of Michigan jeweler Hussein Murray.

Paul Morelli Wavey Vine Earrings
TrendsAug 14, 2026
Paul Morelli’s Latest ‘Wavey Vine’ Earrings Embrace Color

The reimagined jewel, our Piece of the Week, trades the diamonds in the original 1998 design for blue, pink, yellow, and green sapphires.

1872-x-1052-July-ad (1).png
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying Events

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Cover.jpg
Supplier BulletinAug 13, 2026
Your Piece Could Be the One Editors Talk About

Sponsored by American Gem Trade Association

Weekly QuizAug 13, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Two Pandora Talisman pendants
FinancialsAug 13, 2026
Pandora’s ‘Talisman’ Collection Shines, Lab-Grown Diamond Sales Fall

In the United States, second-quarter sales were flat amid soft consumer sentiment and lower in-store traffic.

Picture of 2,488 carat rough diamond next to tweezers, a golf ball, and a loupe
SourcingAug 13, 2026
2,488-Carat Diamond, Largest Found in Botswana, Has a New Owner

Lucara Diamond Corp., which recovered the “Motswedi” diamond from the Karowe mine, sold the stone for an undisclosed amount.

Brought-To-By-Article-Top-Image.jpg
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center Stage

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

John Hardy Heishi Collection Campaign Imagery
CollectionsAug 13, 2026
John Hardy Infuses ‘Icon,’ ‘Heishi’ Collections with Color

The expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.

Jean Dousset Westfield Valley Fair
Lab-GrownAug 13, 2026
Jean Dousset Opens Third Store

The lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.

Legacy emerald
SourcingAug 12, 2026
Eshed-Gemstar on the Painstaking Process of Cutting ‘The Legacy Emerald’

The gemstone supplier and manufacturer acquired the remarkable 104-gram Zambian emerald at Gemfields’ auction in May.

Surveillance image of jewelry thieves
CrimeAug 12, 2026
Elderly NYC Woman Targeted in Jewelry Swap Scheme

Two suspects offered to trade the woman a “winning” lottery ticket for her jewelry.

The Finsch Diamond Mine in South Africa, owned by Petra Diamonds Ltd.
SourcingAug 12, 2026
Another Diamond Mine Poised to Close

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

Stock image of gavel, handcuffs, and law books
CrimeAug 12, 2026
Jewelry Store Employee Gets 20 Years to Life in Choking Death of Boss

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Beth Miller Frederick Goldman
MajorsAug 12, 2026
Frederick Goldman Names New SVP of Sales

Longtime industry executive Beth Miller has taken on the role.

Jamie Cygielman
MajorsAug 11, 2026
Signet Jewelers Selects Mattel Exec to Lead Zales, Banter

Jamie Cygielman will take on the role on Aug. 24.

Richard Moore
IndependentsAug 11, 2026
Polly’s Fine Jewelry Co-Owner Richard Moore Dies at 69

Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.

National Jeweler columnists Duvall O’Steen and Jen Cullen Williams
ColumnistsAug 11, 2026
Creative Connecting: How to Sell Colored Gemstones to Gen Z

Duvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.

NAJA logo
Events & AwardsAug 11, 2026
NAJA Announces Lineup For 2026 Fall Virtual Conference

The mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.

Honest Hands Workbench Ring Builder
TechnologyAug 10, 2026
Colorado Jeweler Launches Customization Tool He Built Himself

Honest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.

QVC Group logo
MajorsAug 10, 2026
QVC Exits Chapter 11 Bankruptcy, Names New Interim CEO

QVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.

State Property Lorenz Station Bracelet
CollectionsAug 10, 2026
State Property Puts a Ripple in the ‘The Voyager’ Collection

The brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.

Ostbye receiving Vendor of the Year trophy at 2026 IJO show
MajorsAug 10, 2026
And IJO’s 2026 Vendor of the Year Is …

Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.

1872-x-1052-July-ad (2).png
Supplier BulletinAug 07, 2026
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying Events

Sponsored by Stratus Estate Buyers

Blue Nile President Pamela Cloud
MajorsAug 07, 2026
Retail Veteran Pam Cloud Appointed President of Blue Nile

Cloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.

Paulo Garcia
MajorsAug 07, 2026
Pandora Appoints Paulo Garcia as New CFO

Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.

Etsy office Dumbo Brooklyn
MajorsAug 07, 2026
Etsy to Lay Off 12% of Workforce

Etsy CEO Kruti Patel Goyal explained why the company is letting go more than 200 employees as its performance improves.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy