The Rolex Daytona 116500LN, with its iconic ceramic bezel and instantly recognizable design, has cemented its place in horological history. While its successor, the 126500, has taken its place in Rolex's current lineup, the 116500LN remains highly sought after in the pre-owned market, commanding significant premiums above its original retail price. This article delves into the world of the Rolex 116500LN, exploring its current market value, its discontinuation, and how it compares to its successor, focusing heavily on listings found on Chrono24, a major platform for luxury watch sales.
A Closer Look at the Listing: $27,408 for a Black Dial 116500
A recent listing on Chrono24 showcases a Rolex Daytona 116500 with a ceramic black dial priced at $27,408. This price point highlights the significant appreciation the 116500LN has experienced since its discontinuation. While seemingly high, this price is not unusual for this model in the current market. Several factors contribute to this elevated value, which we'll explore in detail. The condition of the watch, its accompanying documentation (box and papers), and the seller's reputation all influence the final price. A pristine example with full documentation will naturally command a higher price than a watch showing signs of wear.
Rolex 116500LN Discontinued: The Impact on Value
The discontinuation of the Rolex 116500LN is a key driver behind its increased value. When a Rolex model is discontinued, supply immediately shrinks while demand remains strong, or even increases due to its limited availability. This scarcity creates a perfect storm for price appreciation. Collectors and enthusiasts recognize the 116500LN's significance as a transitional model, bridging the gap between earlier Daytona generations and the current 126500. This status further fuels its desirability and, consequently, its price. Finding a pre-owned 116500LN in excellent condition often requires patience and a willingness to pay a premium.
Rolex 116500LN Retail Price: A Look Back
Understanding the original retail price of the Rolex 116500LN provides valuable context for its current market value. While the exact retail price varied slightly depending on location and time of purchase, it was significantly lower than the prices seen on Chrono24 today. The difference between the original retail price and the current pre-owned market price underscores the substantial appreciation this model has experienced. This appreciation is a testament to the enduring appeal and collectibility of the Rolex Daytona. The significant markup reflects not only the discontinuation but also the growing recognition of the 116500LN as a desirable collector's item.
Rolex Daytona 116500 Price: Market Fluctuations and Trends
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