A dive watch with missing (and unobtanium) bezel? I think they accidentally added a couple of zeros to the hammer price.
See the lot above it too. Looks like a painting with a £100-200 estimate that hammered at 12k. Someone doesn’t know what they’re doing, but I have no idea if it’s the valuer or the buyers.
I watched this auction thinking I could get it, and then it went nuts! Afterwards the auctioneer said, a local man had come to him with it, saying he'd bought it at a car boot sale for £100. Looks like he did quite well out of it.