The Rolex Daytona 116500LN, affectionately known as the "Panda" due to its contrasting black subdials on a white dial, has cemented its place as a grail watch for collectors and enthusiasts alike. Its popularity is undeniable, driving demand far exceeding supply and resulting in significant price appreciation in both the pre-owned and grey markets. This article will explore the nuances of this highly sought-after timepiece, delving into its specifications, history, market value, and the reasons behind its enduring appeal. We will also examine the specific example listed at $29,857, assessing its value against current market trends.
The Listing: A 2017 Rolex Daytona 116500LN Panda – $29,857
The advertised Rolex Daytona 116500LN, a 2017 model in very good condition and complete with its original box and papers, presents a compelling opportunity for prospective buyers. The price of $29,857 sits within a range that reflects the current market value of this reference number, although a detailed examination is necessary to determine its true worth. Factors influencing the final price include the watch's condition (including any scratches, wear, and the accuracy of the movement), the completeness of the set (papers, box, original bracelet), and the overall market demand at the time of sale.
Rolex Daytona 116500LN for Sale: Navigating the Market
Finding a Rolex Daytona 116500LN for sale can be a challenging task. The watch's immense popularity, coupled with limited production numbers, creates a highly competitive market. Authorized Rolex dealers rarely have these watches available, and even then, they often come with significant waitlists. This is why the pre-owned market, encompassing reputable dealers and private sellers, becomes the primary avenue for acquisition. However, caution is advised when purchasing pre-owned watches; thorough inspection and verification of authenticity are paramount. Reputable dealers offer guarantees and certifications, providing buyers with peace of mind.
Rolex 116500LN Discontinued: The Legacy Continues
While the specific 116500LN reference has been discontinued, its legacy lives on. Rolex has since introduced updated models, such as the 126500LN, incorporating minor design changes and updated movements. However, the 116500LN remains highly desirable due to its classic design and the fact that it represents a specific era in Daytona production. The discontinued status often further enhances its value among collectors, who appreciate its rarity and historical significance.
Rolex Daytona 116500LN Price: A Volatile Market
The price of a Rolex Daytona 116500LN is highly variable and dependent on several factors, as previously mentioned. While the listed price of $29,857 provides a benchmark, it’s crucial to consult recent sales data and compare prices from various reputable sources. Websites specializing in luxury watch sales often provide historical price data, allowing for a more informed assessment. Factors like the watch's condition, box and papers, and the overall market sentiment can significantly impact the final price. Prices can fluctuate based on supply and demand, sometimes experiencing dramatic swings within short periods.
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