The Rolex Daytona 116500LN has cemented its place as a grail watch for collectors and enthusiasts worldwide. Its iconic design, robust performance, and enduring legacy have propelled it to legendary status, making securing one a significant achievement. This article delves into the specifics of a particular Rolex Daytona 116500LN listing in New York, priced at $29,857, and then explores the broader landscape of this highly sought-after timepiece, covering its discontinuation, pricing, specifications, and value appreciation.
The New York Listing: A Closer Look
The Rolex Daytona 116500LN offered in New York, at a price point of $29,857, presents a compelling opportunity for serious collectors. Described as a "Panda" dial variation – referring to its contrasting black sub-dials against a white background – this 2017 model comes as a full set, meaning it includes the original box and papers. The "Very Good" condition designation suggests the watch is in excellent shape, though a thorough inspection by a qualified watchmaker before purchase is always recommended. The reference number 116500LN confirms its identity as the coveted ceramic bezel version of the Daytona. The automatic movement ensures reliable timekeeping, a hallmark of Rolex's precision engineering. The year 2017 places it within the production run before the model's eventual discontinuation, adding to its potential desirability among collectors.
This specific listing highlights the fluctuating nature of the pre-owned luxury watch market. While the asking price may seem high to some, it's crucial to understand the factors influencing the cost of pre-owned Rolex Daytonas, particularly this specific reference. These factors will be explored in detail later in the article, but it's important to note that condition, completeness (full set versus incomplete), and market demand significantly impact the price. The fact that this is a "Panda" dial further enhances its value, as this particular dial configuration is highly sought after by collectors.
Rolex Daytona 116500LN for Sale: The Market Dynamics
The Rolex Daytona 116500LN is consistently one of the most sought-after watches on the secondary market. Finding one for sale requires diligence and often a degree of patience. Numerous online marketplaces, reputable watch dealers, and auction houses list these watches, but the prices vary significantly. Factors influencing the price include:
* Condition: An immaculate, unblemished example will command a higher price than one showing signs of wear. Scratches, dents, or issues with the movement will all impact value.
* Completeness: A full set, including the original box, papers, and any additional accessories, is considerably more valuable than a watch sold without these elements.
* Dial Variation: The "Panda" dial, as mentioned earlier, is highly desirable, commanding a premium over other dial variations.
* Year of Manufacture: While the 116500LN is discontinued, watches from earlier years might hold slightly higher value for some collectors.
* Market Demand: The overall demand for the Rolex Daytona 116500LN fluctuates, influenced by factors such as current economic conditions and trends within the luxury watch market.
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