The Rolex reference 1016 isn't an Explorer, as the prompt mistakenly suggests. The reference number 1016 unequivocally designates a Rolex Day-Date, a prestigious model known for its sophisticated design and luxurious materials. This article will delve into the specifics of a particular example: a stainless steel Rolex Day-Date 1016 with a 7206/58 Oyster rivet bracelet, a date code of 1/67, a smooth bezel, an original tritium 3, 6, 9 dial, later period hands, and an acrylic crystal. This specific watch, priced at 1.7 million (presumably in a relevant currency), represents a significant investment, reflecting the desirability and rarity of certain configurations of this iconic timepiece. While the price point is extraordinarily high, it underscores the collector's market value of exceptional examples. We'll explore the factors contributing to this value and contrast it with other Rolex models, particularly the often-confused Rolex Explorer 1016.
Understanding the Rolex Day-Date 1016
The Rolex Day-Date, first introduced in 1956, was an immediate success, establishing itself as the ultimate expression of Rolex luxury. Unlike the Oyster Perpetual or the Submariner, which focused on practicality and durability, the Day-Date targeted a more exclusive clientele. Its defining feature, the display of both the date and the day of the week spelled out in full, set it apart from other watches of its time. The reference 1016, produced from the late 1960s to the early 1980s, represents a significant chapter in the Day-Date's history. Its relatively long production run saw several variations, leading to a complex tapestry of subtle differences appreciated by collectors.
The Specifics of the 1.7 Million Example
The described Rolex Day-Date 1016, with its stainless steel case, 7206/58 Oyster rivet bracelet, and 1/67 date code, immediately points to its age and rarity. The 7206/58 bracelet, a hallmark of a specific era, adds significantly to the watch's value. The date code 1/67 signifies its manufacture in January 1967, placing it firmly within the early production years of the 1016 reference. This early production date is a key factor in its high price.
The smooth bezel further enhances its appeal. While fluted bezels are common on Day-Dates, the smooth bezel offers a more understated elegance, preferred by some collectors. The original tritium dial with its luminous markers at 3, 6, and 9 is another crucial element. Tritium lume, while no longer used due to safety concerns, possesses a distinctive creamy patina over time, a characteristic highly sought after by collectors. The fact that this particular watch retains its original tritium dial and markers in good condition significantly boosts its value. The presence of "later period hands" suggests a possible service or repair at some point during the watch's life, which, while potentially impacting value for some purists, is not necessarily detrimental if executed correctly and using period-correct parts. The acrylic crystal, while less scratch-resistant than modern sapphire crystals, is consistent with the period and adds to the watch's overall authenticity.
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