Rolex Daytona

Ref: 116500LN, 2018

ABOUT THE WATCH

The Oyster Perpetual Cosmograph Daytona is the ultimate tool watch for those with a passion for driving and speed.


Introduced in 1963, the Cosmograph Daytona was designed to meet the demands of professional racing drivers. It is an icon forever joined in name and function to the high-performance world of motor sport. More than 50 years after its creation, the Cosmograph Daytona remains in a class of its own among sport chronographs and continues to transcend time.


DETAILS

  • 2018 Rolex Daytona
  • Model/reference no. 116500LN
  • Stainless steel case
  • Stainless steel Oyster bracelet with Oysterlock clasp
  • Black dial with black ceramic bezel
  • Automatic movement, 4130 calibre
  • Very good condition, with light signs of wear
  • With original box and papers
  • Provenance: purchased by the current owner from a Rolex Official Retailer
  • Price on application – £20,000-£30,000

ABOUT THE BRAND

The story of Rolex is intimately associated with human achievement. Hans Wilsdorf, the company’s founder, saw the mutual benefit of equipping people who were record breakers with an Oyster watch: the first of a long line of athletes and explorers was Mercedes Gleitze, the first British woman to swim the English Channel.


In 1927, a young British secretary called Mercedes Gleitze took a place in the annals of watchmaking history with a sporting exploit that brought the first waterproof watch to the world’s attention. The 26 year-old swam the English Channel wearing a Rolex Oyster, spending more than 10 hours in the chilly waters between France and Great Britain. At the end of the swim, the waterproof wristwatch was declared to be in perfect working order.


She was the first Englishwoman to manage the arduous swim, still a rare feat at the time, and she earned huge popular acclaim. Rolex’s founder and director, Hans Wilsdorf, celebrated the landmark event with a full-page advertisement on the front of London’s Daily Mail proclaiming the success of the first waterproof wristwatch and chronicling 'the debut of the Rolex Oyster and its triumphant march worldwide'. Mercedes Gleitze effectively became the first Rolex Testimonee, a symbol of achievement who also demonstrated the new watch’s qualities in action.


It was a turning point. Although the wristwatch is taken for granted nowadays, a century ago pocket watches were the norm. The practical timepiece championed by Rolex owes much of its success to the painstaking development of waterproofing.

MARKET SENTIMENT

'With Daytona prices spiking in Q1 2022, they are now returning to their Q3/Q4 2021 pricing levels. Given the recent retail price increases from Rolex, and new supply levels still depressed, now is as good a time as ever to buy.'

Source: Luxe Investments

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