The Rolex Daytona is arguably the most iconic chronograph in the world. Its history, its performance, and its desirability have cemented its place in horological history and high-end luxury markets. Within the Daytona family, the reference 116506 stands out, not just for its performance, but for its exquisite use of platinum and its striking aesthetic. This article will explore the Rolex Cosmograph Daytona 116506 in detail, examining its price, specifications, design elements, and its place within the wider Rolex ecosystem. We will delve into why this particular model commands such a high price, both at retail and on the pre-owned market, and what makes it such a sought-after piece for collectors and enthusiasts alike.
Rolex Daytona Platinum: A Material of Distinction
The Rolex Daytona 116506 immediately distinguishes itself through the use of 950 platinum for its case. Platinum, a significantly rarer and more precious metal than gold, lends the watch an unparalleled level of sophistication and elegance. Its silvery-white hue is subtly different from white gold, possessing a cooler, more understated brilliance. The weight of the platinum case is also noticeable, adding to the feeling of substantial luxury on the wrist. This choice of material immediately elevates the 116506 beyond the standard Daytona models, positioning it firmly in the realm of high-end luxury watches. The platinum's inherent resistance to tarnishing further enhances its long-term appeal, ensuring the watch maintains its pristine appearance for years to come.
Rolex Cosmograph Daytona 116506 Price, Specs, and Availability
The Rolex Daytona 116506 boasts a last known retail price of $93,000. However, given the high demand and limited availability, securing one at this price directly from an authorized dealer is exceptionally challenging. The watch is notoriously difficult to acquire, often requiring years of patiently building a relationship with a reputable retailer. This scarcity contributes significantly to its inflated value on the pre-owned market.
Currently, the pre-owned market price for the Rolex M116506 sits around $84,238. However, it's crucial to understand that this is an average figure and the actual price can vary depending on the watch's condition, box and papers (including the original warranty card and accompanying documentation), and the seller's location. Expect to pay approximately 14% more than this average price to secure a well-maintained example in excellent condition from a reputable dealer. This premium reflects the inherent rarity and desirability of the watch.
Specifications of the Rolex M116506:
* Case Material: 950 Platinum
* Case Diameter: 40mm
* Movement: Calibre 4130, self-winding mechanical chronograph movement
* Power Reserve: Approximately 72 hours
* Crystal: Scratch-resistant sapphire crystal
* Dial: Ice Blue or White dial with applied Arabic numerals and luminous markers
* Bracelet: Oyster bracelet in 950 platinum with Oysterlock safety clasp
* Water Resistance: 100 meters (330 feet)
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