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One of Rolex’s most popular models, the Daytona, saw the greatest price increases. For example, the white gold version with the OysterFlex bracelet has a suggested price of $38,100 — a sharp ...
Rolex: Rolex Daytona Lapis Lazuli Platinum Ref. 16516 1999 Wrist 3.270 3.973 07/12/2020 Hong Kong Sotheby's [89] [90] 50 Patek Philippe Serpico y Laino Gold Ref. 2499 1952 Wrist 3.235 4.051 11/12/2018 Geneva Christie's [91] [92] 51 Rolex Daytona Turquoise Hardstone Lacquer Ref. 16516 1998 Wrist 3.139 3.139 04/23/2021 Hong Kong Sotheby's [93] 52
The Rolex Cosmograph Daytona is a mechanical chronograph wristwatch designed to meet the needs of racing drivers by measuring elapsed time and calculating average speed. Its name refers to Daytona, Florida , where racing flourished in the early 20th century.
Looking at year-over-year changes in the secondary market, only five brands saw prices rise, including Montblanc (+2.4%) and Hamilton (+2.2%) among the lucky few.
Two more GMT-Master II models were also introduced, one in red Everose gold and in steel, and another in Everose gold, both with a two-tone brown and black bezel giving them the nickname "Root Beer". These new GMT-Master IIs released in 2018 all use the new Caliber 3285 movement which adds Paraflex shock absorber and a 70-hour power reserve ...
Rolex did not disclose pricing and availability of this time, but expect it to cost upwards of $30,000 (the starting price of gold Oyster Perpetual Day-Date 36 models).
By 2017 grey market sales of luxury watches were "upending the global watch industry," according to Barron's; exports of new watches from Switzerland fell 10% in 2016 and there was a glut of inventory of new watches, driving prices down. [10]
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