The Rolex Daytona, a watch synonymous with motorsport, luxury, and enduring style, has captivated collectors and enthusiasts for decades. Within its diverse range, the reference 116518LN, a stunning example crafted from 18k yellow gold with a black ceramic bezel, holds a particularly coveted position. Understanding its price, however, requires more than just a glance at a single figure. This article will delve into the complexities surrounding the Rolex 116518LN price, exploring its retail history, current pre-owned market value, factors influencing its price, and a detailed review of the watch itself. We'll also address the intriguing, albeit unofficial, nicknames like "Pikachu" and explore the model's place within the broader Cosmograph Daytona lineage.
Retail Price and Pre-Owned Market Value:
The Rolex Daytona 116518LN's last known retail price was $29,950. However, this figure is largely irrelevant in the current market. Like many highly sought-after Rolex models, the 116518LN is almost exclusively found on the pre-owned market, commanding a significantly higher price. The pre-owned market currently sees this model trading for approximately $36,471. This represents a premium of approximately 21% above the original retail price. It's crucial to understand that this figure is a guideline and the actual price can fluctuate based on several factors detailed below. The statement "Expect to pay 0% more" in the initial prompt is inaccurate and misleading. The price increase is substantial and reflects the high demand and limited supply of this particular reference.
Factors Influencing the Rolex 116518LN Price:
Several factors contribute to the significant price premium on the pre-owned market:
* High Demand and Limited Supply: The combination of Rolex's controlled production and the enduring popularity of the Daytona, especially the yellow gold variants, creates a significant imbalance between supply and demand. This scarcity naturally drives prices upwards. The 116518LN, with its striking yellow gold and black ceramic aesthetic, is particularly desirable.
* Condition: The condition of the watch plays a crucial role in determining its value. A pristine, unworn example with all original boxes and papers will fetch a higher price than a watch showing signs of wear. Scratches, dents, and imperfections will all impact the final price. Authenticity verification is also paramount, as counterfeit watches are prevalent in the luxury market.
* Dealer Markup: Authorized Rolex dealers rarely sell this model at retail price; instead, they often have waiting lists and may indirectly influence the pre-owned market by not readily supplying the watch. Pre-owned dealers also add their own markup, reflecting their overhead and the inherent risk associated with purchasing and reselling luxury timepieces.
* Market Trends: The luxury watch market is subject to fluctuations influenced by economic conditions, trends, and even celebrity endorsements. Periods of economic uncertainty may dampen demand, while increased popularity can lead to price surges.
* Specific Features: While all 116518LN models share the same core features, subtle variations in details, such as the bracelet condition or the presence of specific engravings, can influence pricing.
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