Well, I’m going to state the obvious here. The market for vintage Rolex Daytonas is still crazy! First we had the Daytona Ultimatum sale at Phillips, which brought in a whopping $22.1 million with 100% of the 32 lots selling (the highlight obviously being “the Unicorn,” which sold for $5.9 million. Though it got much less attention, there was a tropical Paul Newman Daytona ref. 6239 that sold at Sotheby’s for over $900,000, more than three times its estimate. And, rounding things out, there were a handful of unusual Daytonas in the Christie’s sale as well.
Ever since I entered this wild world of watches, the vintage Rolex market has been creeping up. I remember when $80,000 was a lot for a Paul Newman Daytona, and now you can’t find one for less than six figures. So what gives? I think it’s a mix of rarity and demand. Every collector now wants a quality vintage Daytona and there are only so many good ones out there. But, more than that, people want something special, not just something in …read more