The Rolex Cosmograph Daytona 116506, a watch that needs no introduction to serious horological enthusiasts, holds a special place in the hearts of collectors. This discontinued model, crafted from gleaming platinum, represents the pinnacle of Rolex's Daytona lineage before the introduction of its successor. While no longer in production, its allure remains strong, making it a highly sought-after piece on the secondary market. This article delves into the intricacies of the 116506, exploring its history, features, price fluctuations, and comparisons with its successor and other models within the Daytona family.
Rolex 116506 Retail Price: A Glimpse into the Past
Determining the original retail price of the Rolex 116506 is a task that requires delving into archived information. While precise figures vary depending on the year of purchase and regional variations, it's generally accepted that the 116506 commanded a significantly higher price than its stainless steel counterparts. The use of platinum, a precious metal known for its rarity and inherent value, automatically placed it in a higher price bracket. Estimates place the original retail price in the range of $40,000 to $50,000 USD, a figure reflecting the exceptional materials and craftsmanship involved. This high price point, even at the time of its release, cemented its status as a luxury item reserved for discerning collectors.
Rolex Daytona 116500 Price: A Comparative Look
Comparing the price of the 116506 to other Daytona models, particularly the stainless steel variations like the 116500, highlights the impact of the platinum case. The 116500, while a highly desirable watch in its own right, typically retailed for a fraction of the 116506's price. This disparity underscores the premium commanded by platinum and its contribution to the overall value proposition. The price difference isn't merely about the material; it also encompasses the exclusivity associated with owning a platinum Daytona, a watch produced in far fewer numbers than its stainless steel brethren.
Rolex 116506 Price: The Secondary Market and its Fluctuations
The discontinuation of the 116506 has significantly impacted its price on the secondary market. The limited availability, coupled with increasing demand from collectors, has driven prices to levels far exceeding its original retail price. We've tracked 596 sales of the Rolex 116506, and the data reveals a wide range depending on condition, box and papers, and specific variations within the model. Prices can range from well over $60,000 to upwards of $100,000, or even more for exceptional examples. This significant appreciation reflects the watch's status as a highly desirable collector's item. The price is influenced by several factors, including the overall state of the luxury watch market, the current demand for platinum Daytonas, and the specific condition of the individual watch.
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