Rolex

1946 Rolex Oyster Perpetual "Bubble Back" 18K RG (Ref. 3131)

$ 10,500

Few vintage Rolex designs capture the brand’s early ingenuity quite like the Oyster Perpetual “Bubble Back.” Introduced in 1931, Rolex’s Perpetual rotor helped establish the foundation of the modern automatic wristwatch. These early movements paired a traditional manually wound base with an automatic winding mechanism, requiring a distinctive domed case back to accommodate the additional height. That practical solution gave rise to one of the most recognizable silhouettes, and affectionate nicknames, in vintage watch collecting.

This 1946 ref. 3131 brings that history into particularly elegant focus, pairing a solid 18K rose gold Oyster case with a superbly preserved “Chronometer” dial. Arabic numerals at the even hours lend the dial a balanced, unmistakably period character, while the warmth of the rose gold complements the watch’s sculptural proportions.

Combining an important chapter in Rolex’s development with the charm of its early designs, this Bubble Back offers an appealing alternative to the brand’s later sports models. Refined yet full of personality, it remains as compelling on the wrist today as it is within a thoughtfully assembled vintage collection.

SPECS

Stock # RLXOPBB3131
Brand Rolex
Style Oyster-Perpetual "Bubble Back"
Model 3131
Serial 39XXXX
Size Men's / Unisex
Material 18K Rose Gold
Dial Cream "Aged"
Millimeters 32
Strap 2pc Leather Strap

CASE & BRACELET

The 18K rose gold case remains exceptionally well-preserved for its age, retaining notably thick lugs and strong proportions that faithfully preserve its original design. It shows only minor evidence of prior polishing and gentle signs of wear. The smooth 18K rose gold bezel remains remarkably crisp, with similarly light wear, while the original gold “Rolex Oyster” screw-down crown remains intact. The distinctive domed case back is equally well-preserved, exhibiting only minor signs of use. The watch is supplied on a two-piece leather strap.

DIAL & HANDS

The original non-luminous cream-colored “Chronometre” dial remains in exceptional vintage condition, displaying minimal wear and attractive, even aging throughout. The rose gold gilt markers and numerals remain beautifully preserved, complementing the dial’s warm tones. The original feuille hands are in excellent overall condition, with the minute hand showing slightly more wear than the hour hand. A blued steel center seconds hand adds a subtle touch of color to complete the watch.

ACCESSORIES 

None. The watch is running, but the service history is unknown. A movement service can be purchased upon request.