Originally Posted by
Geneve
The 'Daytona phenomena' has some similarity with cars and other niche luxury products, where demand exceeds supply, and a premium being put on values in the secondary market.
The latest 116500 is in open, on-going, production and aftermarket values are being sustained by those who must have the latest model and don't want to join a waiting list - as with some cars.
I actually preferred the 16520 because it is long out of production, part of a Rolex history, and from an earlier era - so a bit like buying a classic/collectable car than a brand new one.
Of course, it's the earlier models that have become seriously collectible, with staggering prices, and the Newman factor. The contemporary models and Rolex's mass marketing at events like F1, have cheapened the brand IMO.