An election-year history of the ultimate power watch
Three score and zero years ago, rolex brought forth a timepiece on the European continent conceived in quality and dedicated to the proposition that not all watches are created equal. The 1956 Rolex Day-Date soon became known as the Rolex President, having been worn by LBJ (and sharing a scandalous connection to JFK). Since then, it has earned the vote of a diverse array of potentates, including Forbes 400 member Warren Buffett, Jay Z and Tony Soprano.
-Michael Solomon
1951
Five years before the introduction of the Rolex Day-Date, the company presented General Dwight D Eisenhower with an 18-karat, yellow-gold Rolex Datejust to celebrate its 150,000th chronometer. The watch was engraved with the initials ‘DDE’ and five stars for his rank, and once appeared with Ike on the cover of Life magazine. It failed to sell at auction in 2014, though, despite reaching a bid of $475,000.
1956
Rolex introduced the Day-Date, the first watch to display the date and have the day of the week spelled out in a window. Available in 18-karat gold or platinum, it came with a newly created band: The President Bracelet.
1962
The same night Marilyn Monroe sang ‘Happy birthday, Mr. President’ to John F Kennedy at Madison Square Garden, she reportedly gave him a Rolex Day-Date with the inscription ‘JACK, with love as always from MARILYN, May 29th 1962’. JFK told an aide to “get rid of it,” but in 2005 the watch resurfaced at auction (with the box and love poem Monroe had placed in it) and sold to an anonymous bidder for $120,000.
1963–66
Lyndon Johnson became the first US president to wear the Day-Date. In 1966, Rolex advertised the watch—which cost $1,000 at the time (roughly $7,400 today)—emphasising its connection to the Oval Office.
(This story appears in the 11 November, 2016 issue of Forbes India. To visit our Archives, click here.)