Rolex Zenith Daytona sells for 3,200,000 USD

[RoscoPico]

it's just on an altogether different level.
one that i will never even comprehend.
let's not forget that the watch is ugly.

[Wiener48]

Auction Report A Rare Rolex Daytona Fetches $3.27 Million At Sotheby's Hong Kong Auction
A platinum case and a stone dial set a new auction record for automatic Daytonas.

https://www.hodinkee.com/articles/ra...g-kong-auction

[DGB]

These auction prices are ridiculous, seems like the auction houses only focus on record breaking.
Of course, good for them but the buyers are getting ludicrous paying that much.

Some things I really don’t get.


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[Uggi]

Originally Posted by peterpl

Now this is a RARE Daytona. There is only a tiny tiny tiny number of these models. (this may be the only one)

Ppl these days thinking that a Hulk/ BLNR/ SD43 or Blue SKyD will reach these levels and paying crazy prices for them all when there are 1000s upon 1000s of them made - you just have to laugh at them all. LOL

Some folks think Hulks will be fetching $3.2m?
Bizarre.

[Psmith]

Fools and money (even if they have a lot of it!)

[sutats]

That's an incredible price for a Rolex that's barely a vintage. I wonder what the original sale price was when the first owner acquired it? For a watch like this to become collectable and assumingly very many multiples of its original retail price is astounding. Maybe a bidding war between Musk, Bezos, and Rolex.

[Gwai]

Would pay good money to unsee that strap. Not feeling well now.

Cheers
Marc

[Wahlberg]

I'm really wondering what's the point and why people value this watch this high. So let's say two bidders, if bidder one would have stopped at 1.5 million it would have sold for that?

Seems like people rather spend a lot of money and break a record than get something special and interesting for a rather good price. Else, what's the point?

Getting this piece for 3.2 million, doesn't guarantee you it will go 4-5-6- million the next time. So where is the investment value?

[77T]

Originally Posted by Joelmor

I guess it's just me, but something is weird about that watch. The bezel markings on Daytonas from 1999 weren't like that. This one has modern bezel markings. Maybe the bezel was replaced?

That style (type 4) was used earlier than 1999. First, in the 16518 in 1992, then in the 16519 in 1997.

In fact, a platinum zenith powered Daytona given to the president of Rolex Patrick Heiniger went on the block in 2018.



And he gave multiple ones to the Gobbi’s

https://watchesbysjx.com/2018/10/mos...um-zenith.html

So another may come to auction again.


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[77T]

Originally Posted by Wahlberg

I'm really wondering what's the point and why people value this watch this high. So let's say two bidders, if bidder one would have stopped at 1.5 million it would have sold for that?

Seems like people rather spend a lot of money and break a record than get something special and interesting for a rather good price. Else, what's the point?

Getting this piece for 3.2 million, doesn't guarantee you it will go 4-5-6- million the next time. So where is the investment value?

I agree they aren’t investments in general. There are scarce models that do appreciate over time except during significant economic downturns.

Of interest is that the bespoke Henniger Pt. Daytona sold for $871,000USD in 2018. Now, a different one for $3+MM.

I’d say when a 3rd, 4th or 5th 16516 comes to auction it’s going to go for a strong price absent a depression.


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[LJubel328]

Looks like something you could buy on Canal Street

[fmc000]

Originally Posted by sutats

That's an incredible price for a Rolex that's barely a vintage. I wonder what the original sale price was when the first owner acquired it? For a watch like this to become collectable and assumingly very many multiples of its original retail price is astounding. Maybe a bidding war between Musk, Bezos, and Rolex.

Platinum Zenith Daytonas were never sold in shops. A handful were made and so far only two surfaced AFAIK.

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[icejeep]

Another up for auction now, quite similar to the blue Daytona beach. Wonder If it is a stone dial or lacquer dial.

https://www.sothebys.com/en/buy/auct...erence-16516-a

[wclowe]

Originally Posted by icejeep

Another up for auction now, quite similar to the blue Daytona beach. Wonder If it is a stone dial or lacquer dial.

https://www.sothebys.com/en/buy/auct...erence-16516-a

That’s beautiful - Sotheby’s is listing it as a lacquer dial. Thanks for reminding me this is coming up!

Cheers


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[Francist]

Buy those JM / panda / whatnot while your cash still has meaning.

[icejeep]

Originally Posted by wclowe

That’s beautiful - Sotheby’s is listing it as a lacquer dial. Thanks for reminding me this is coming up!

Cheers

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Yes, noticed Sothebys listing it as lacquer dial, but looks very similar to the turquoise beach that I thought was a stone dial.

[Jonah10]

The purchases people make when boredom gets the best of them


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[Chiboy]

Seems obvious to me that ALL platinum Daytona watches will be $3 million + in short order!


if that isn’t obvious

[MorningTundra]

This is interesting... I (speculate) suspect this is someone trying to get (hot) money out of Hong Kong. Is this the year HKG will be forced to drop their USD peg? I bet this piece surfaces again in Europe or N. America...

[turkeysub93]

Ugly as sin

[214270Explorer]

Originally Posted by padi56

Sorry anyone paying that sort of money must be sixpence short of a shilling even if it was one of a kind for some sort of special dial.

Correct.
Jeez. It's just another watch made of common materials. So what if it is the only one made?
Some people have more money than brains.

[FORTN]

Its rarity is being sold, not its look........ ridiculous Strap.

[Bladeshot]

That’s a whole lot of money and a whole lot of ugly. (Of course, opinions vary.)

[EEpro]

Originally Posted by 1665fan

Reminds me of my blue beach! Awesome

You have the beach!? Awesome dude!

[101031-28]

WOW! When these came out, back in the early 2000, literally no one cared to buy one! How times have changed!

[rohanu]

wow one of a kind piece!

[904VT]

Originally Posted by icejeep

Another up for auction now, quite similar to the blue Daytona beach. Wonder If it is a stone dial or lacquer dial.

https://www.sothebys.com/en/buy/auct...erence-16516-a

Wow, this is pretty amazing. An ice blue Stella dial Platinum Daytona. I wonder if anyone knew this variation existed prior. Thanks for sharing

[1665fan]

Originally Posted by 101031-28

WOW! When these came out, back in the early 2000, literally no one cared to buy one! How times have changed!

Turquoise beach are sweet......the best of the 4

[icejeep]

Originally Posted by 1665fan

Turquoise beach are sweet......the best of the 4

Agree 😀

[icejeep]

Sold at USD 3.1m , daytona beach turqoise to the moon next ?