The Rolex Cosmograph Daytona, a watch synonymous with prestige, performance, and enduring style, holds a special place in the hearts of horological enthusiasts worldwide. Its legendary status is cemented by its rich history, impeccable craftsmanship, and consistently high demand, making it a highly sought-after collectible and a significant investment. This article delves into the specifics of the Rolex Daytona's price in Hong Kong in 2017, focusing on a particular model and exploring the factors that influence its value, along with a look at prominent Rolex retailers in Hong Kong where such a timepiece might have been found. We will specifically reference a 2017 Rolex Cosmograph Daytona with a black dial and diamond markers, reference number 116519LN, in white gold. The listed price in USD was $37,012, but converting this to Hong Kong dollars requires consideration of the exchange rate at the time.
Understanding the 2017 Rolex Daytona Market in Hong Kong:
The year 2017 represented a period of significant growth in the luxury watch market, and the Rolex Daytona was no exception. Demand consistently outstripped supply, leading to substantial premiums above the official retail price. Several factors contributed to this:
* Increased Global Demand: The Daytona's popularity surged globally, driven by its iconic design, association with motorsport, and its enduring appeal as a status symbol. This heightened demand extended to Hong Kong, a key market for luxury goods.
* Limited Production: Rolex maintains a controlled production volume for its most sought-after models, including the Daytona. This scarcity further fueled the demand and price appreciation.
* Collector Interest: The Daytona's historical significance and its place in watchmaking history make it a desirable piece for collectors. The specific model under consideration, the 116519LN with a black dial and diamond markers, possesses features that further enhance its collectibility. The white gold case material, the elegant black dial, and the subtle sparkle of the diamond hour markers contribute to its overall desirability.
* Exchange Rates: The price conversion from USD to HKD in 2017 would have fluctuated based on the daily exchange rates. Therefore, a precise HKD price requires knowing the exact date of the transaction and the prevailing exchange rate at that time. However, using an average exchange rate from 2017 would provide a reasonable estimate. Let's assume, for the sake of this analysis, an average exchange rate of approximately HKD 7.8 to 1 USD. This would place the approximate price of the 2017 Rolex Cosmograph Daytona 116519LN in Hong Kong at approximately HKD 288,700 (37,012 USD x 7.8 HKD/USD).
Rolex Retailers in Hong Kong and Their Role:
Several authorized Rolex retailers in Hong Kong would have offered this specific model in 2017. Locating the exact price at a specific retailer requires more detailed historical information. However, let's examine some prominent Rolex retailers in Hong Kong that likely stocked this model:
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