The Rolex Cosmograph Daytona 116515LN, with its striking combination of Everose gold and black ceramic bezel, is a highly sought-after timepiece. Understanding its price, however, requires navigating a complex landscape of retail pricing, market fluctuations, and the subtle differences between various reference numbers. This article will dissect the price of the 116515LN, exploring its historical trends, model specifications, and the factors influencing its value in both the retail and grey markets.
Retail Price and Market Reality: A Significant Discrepancy
The official retail price of the Rolex Cosmograph Daytona 116515LN, when it was in production, varied slightly depending on location and currency conversion rates. However, securing one at this price was, and continues to be, exceptionally challenging. Rolex maintains strict control over its distribution network, leading to significant waitlists at authorized dealers. Consequently, the actual price many buyers pay is far removed from the suggested retail price.
The grey market, composed of authorized dealers, independent retailers, and private sellers, becomes the primary avenue for acquiring a 116515LN. Here, prices are dictated by supply and demand, often significantly exceeding the MSRP. Factors influencing grey market prices include:
* Demand: The 116515LN's popularity is undeniable. Its combination of robust materials, iconic design, and legendary Daytona heritage fuels consistent high demand, driving prices upward.
* Rarity: As a discontinued model, the 116515LN is becoming increasingly rare, further contributing to its value. The limited production numbers during its active years exacerbate this scarcity.
* Condition: The condition of the watch significantly impacts its price. A pristine, unworn example will command a premium compared to a pre-owned watch with minor wear and tear. Complete sets with original boxes and papers further enhance value.
* Reference Number Variations: While subtle, variations in reference numbers, such as 116515LN-0017 or 116515LN-0041 (though these specific numbers may not be officially documented), might influence pricing. These variations could reflect subtle changes in production or internal Rolex designations. Further research into these specific numbers would be required for precise clarification.
Model Specifications: Understanding the Value Proposition
The Rolex Cosmograph Daytona 116515LN's allure stems from its meticulously crafted specifications:
* Case Material: 18ct Everose gold, Rolex's proprietary pink gold alloy, providing a unique and luxurious aesthetic. This material's resistance to corrosion and tarnishing contributes to the watch's longevity.
* Bezel: Cerachrom bezel insert in black ceramic. This highly scratch-resistant material ensures the bezel's pristine appearance endures even with regular wear.
* Dial: Black dial with three sub-dials, showcasing Rolex's signature refined design language. The dial's legibility is exceptional, a key feature for a chronograph designed for precise timing.
* Movement: Calibre 4130, a self-winding mechanical chronograph movement entirely developed and manufactured by Rolex. Known for its precision, reliability, and robustness, this movement is a hallmark of Rolex quality.
* Bracelet: Oyster bracelet with Oysterlock safety clasp, providing comfort and security. The bracelet's robust construction mirrors the watch's overall durability.
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