A special limited edition Rolex Sea Dweller, one of only 78 custom made to celebrate 50 years of Italy’s Sommozzatori, or Polizia di Stato diving team, will be auctioned off by Artcurial in Monte Carlo on July 22.

The extremely rare watch comes with a custom dial emblazoned with the Italian police divers’ octopus emblem and the legend ”POLIZIA DI STATO, SOMMOZZATORI 1958-2008″ as well as a military patent engraved on the back.

The auction house expects it will bring in $80,000 or so.

That must be some octopus….