The Rolex Cosmograph Daytona 116506. The name alone conjures images of unparalleled luxury, precision engineering, and a legacy steeped in motorsport history. This isn't just a watch; it's a statement, a testament to horological excellence, and a coveted piece of wearable art. With a price tag exceeding $107,000 in the secondary market, the 116506 commands attention and respect, demanding a closer look at what sets it apart. This article will delve into the intricacies of the Rolex 116506, exploring its retail price, comparing it to its successor, analyzing reviews, and examining its place within the broader Rolex Daytona family.
Rolex 116506 Retail Price: A Mythical Figure
Determining the original retail price of the Rolex 116506 is a challenging task. Unlike many other Rolex models, the 116506 was notoriously difficult to obtain at its original retail price. The watch was highly sought after, and authorized dealers rarely had it in stock. Those fortunate enough to purchase it directly from an authorized dealer likely paid a price significantly below the current secondary market value, but the exact figure remains elusive and varies depending on the year and specific retailer. However, it's safe to say that the original retail price was considerably lower than the current market value, making the appreciation of this timepiece even more remarkable. The scarcity and high demand have pushed the price far beyond any initial retail figure, solidifying its position as a highly valuable collectible.
Rolex Daytona 116506 Price: A Market Driven Phenomenon
The current price of a pre-owned Rolex 116506 is a significant factor in understanding its desirability. As mentioned earlier, prices consistently exceed $107,000, often reaching much higher depending on condition, box and papers, and the specific retailer. This price is influenced by several key elements:
* Limited Production: Rolex produces a relatively small number of platinum Daytona models compared to its steel or gold counterparts. This scarcity naturally drives up demand.
* Exclusive Material: The use of platinum, a precious and rare metal, adds significantly to the watch's value and exclusivity.
* Collector Demand: The 116506 holds a special place in the hearts of collectors. Its sleek design, iconic status, and impressive performance make it a highly sought-after piece.
* Investment Potential: The consistent appreciation of the 116506 in the secondary market has further fuelled demand, making it an attractive investment opportunity for many.
The price of the 116506 is not merely a reflection of its material cost but a testament to its overall desirability and the powerful brand recognition that Rolex commands.
Rolex 116506 Price: A Comparative Analysis
Comparing the price of the 116506 to other Rolex Daytona models highlights its position at the pinnacle of the collection. While steel Daytona models, like the 116500LN, are significantly more affordable, the 116506's platinum case and the added prestige of the material justify the considerable price difference. Even gold Daytona models, such as those in yellow or rose gold, fall considerably short of the 116506's value. The price differential emphasizes the exclusivity and rarity of the platinum model.
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