The Rolex Daytona Cosmograph, a watch synonymous with prestige, performance, and a rich history, has spawned numerous variations, each captivating collectors with unique aesthetics and desirability. Among these, the Rolex Daytona 116508 with its green dial, affectionately nicknamed the "Loki," has emerged as a particularly sought-after piece, commanding significant attention and a premium price in the secondary market. This article delves into the allure of the Rolex Daytona Loki, exploring its features, its place within the broader Daytona lineage, its market value, and the fascinating community surrounding this iconic timepiece.
Rolex Daytona 116508: The Foundation of the Loki
Before understanding the "Loki," we must first appreciate the foundation upon which it's built: the Rolex Daytona 116508. This reference represents the full yellow gold iteration of the Daytona, a substantial and luxurious watch crafted from 18-karat yellow gold. Its 40mm case, while sizable, maintains a classic Daytona profile, perfectly balancing presence and wearability. The 116508 has been produced in various dial configurations, but it's the green dial variant that has captured the imagination of collectors and earned its unique moniker.
The 116508’s movement, the Calibre 4130, is a testament to Rolex’s commitment to horological excellence. This self-winding chronograph movement boasts impressive accuracy, reliability, and a power reserve of approximately 72 hours. This robust mechanism is a crucial element contributing to the watch's overall appeal and its status as a highly sought-after collector's item. The combination of the precious metal case and the sophisticated movement solidifies the 116508's position as a high-end luxury sports watch.
Rolex Cosmograph Daytona “LOKI”: The Genesis of a Nickname
The nickname "Loki" wasn't bestowed by Rolex itself but rather emerged organically within the passionate community of watch enthusiasts. The vibrant green dial, reminiscent of the mischievous Norse god's unpredictable and often deceptive nature, is the primary reason for this association. The deep, rich green is not a simple, flat color; it possesses a depth and complexity that shifts subtly in different lighting conditions. This dynamic quality contributes to the watch's allure and reinforces the "Loki" moniker's aptness. The "Loki" isn't merely a green Daytona; it's a watch that embodies a certain playful unpredictability, mirroring the character it's named after.
The Market for the Rolex Cosmograph Daytona “LOKI”
The Rolex Daytona Loki's popularity has translated into a significant premium in the secondary market. While the original retail price of the 116508 varied depending on the dial configuration, the green dial version consistently fetches significantly more than its counterparts. Prices often exceed the original retail price by a substantial margin, sometimes reaching multiples of the initial cost. Factors influencing the price include condition (unworn full sets, like John Mayer's example, command even higher prices), provenance (a documented history adds value), and overall market demand. The limited availability of the green dial variant compared to other 116508 variations also contributes to its high value. The listing example cited, with a price of $65,993 + $175 shipping, reflects the significant investment required to acquire this coveted timepiece.
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