Summarize this content to 2000 words in 6 paragraphs in Arabic With its heady mix of mythology, technical skill and rarity, Rolex\u2019s Cosmograph Daytona is armed with the attributes likely to excite both seasoned collectors and those new to the field. \u201cIt\u2019s a\u00a0cult icon that never seems to lose its status,\u201d says Andrew Shear, a New York-based specialist in vintage Rolexes. Launched in 1963, the Cosmograph Daytona was created for racing drivers and remains inextricably linked to the Florida racetrack. Back then, you could pick one up\u00a0for around \u00a3170. If bought new today \u2013 and that\u2019s a big if \u2013 retail prices range from \u00a313,200 for steel (Ref 126500LN) to just upwards of \u00a3100,000 for gem-set versions in yellow or white gold.Although not the most complicated high-end watch, it is considered one of\u00a0the most complicated in the Rolex stable. \u201cIt has evolved into a symbol of the Rolex brand,\u201d said Paul Altieri, founder and\u00a0CEO of preowned luxury-watch marketplace Bob\u2019s Watches. Design and mechanical accuracy are part of the charm, he adds, but so too are the stories \u201cof speed and a hint of Hollywood glamour\u201d.It\u2019s a cult icon that never seems to lose its statusFans include Victoria Beckham, Jay-Z and John Mayer, but the person synonymous with the watch\u2019s six-decade history is Paul Newman, proud owner and wearer of several models. His Cosmograph Daytona (Ref 6239) sold for $17.8mn at Phillips New York in 2017. Presumed lost for decades, it became the most expensive Rolex ever sold at auction. This was a turning point in the demand, says Paul Boutros, Phillips\u2019 head of watches in the Americas. \u201cWe knew we had the holy grail in our hands, but after that it went ballistic.\u201dRolex has a remarkable way of exciting collectors, even as the global luxury market slows down. Turnover rose by 11 per cent to\u00a0an \u201cunprecedented\u201d SFr10.1bn (about \u00a38.9bn) in 2023, according to a 2024 report by analysts at Morgan Stanley and Swiss firm LuxeConsult, giving the privately owned Geneva-based company an estimated 30 per cent market retail share. Rolex resale prices have risen by 60 per cent from January 2019 to June 2023, according to tracker ChronoPulse. In June\u00a02024, Phillips sold an identical configuration to Paul\u00a0Newman\u2019s own $17.8mn Daytona for $431,800, exceeding the $200,000-$400,000 estimate. The combination of reliable liquid asset and broad cultural appeal means that the Rolex juggernaut stays on course, even in challenging conditions, says Altieri. \u201cIt remains reassuring to buyers, perhaps now more than ever.\u201d During the pandemic, Daytona resale prices spiked, often fetching four times their retail value, but now the model\u2019s \u201cBitcoin moment\u201d has corrected, says Tim Stracke, founder of ChronoPulse and resale marketplace Chrono24. Today a steel white-dial reference 126500LN changes wrists for \u20ac30,101 \u2013 just shy of double the published retail price.The Cosmograph Daytona can be divided into three generations. The first, produced between 1963 and 1988, has a\u00a0smaller case and manual-winding movements. The second, produced from 1988, has an automatic movement made in collaboration with Zenith. In 2000, Rolex launched its third generation with its own movement, which was updated in 2016. There are also \u201coff-catalogue\u201d models that appear periodically, such as the Insta-friendly gem-set Leopard and Rainbow.Today Rolex produces around 40,000 Cosmograph Daytonas annually, according to estimates, and reaching the top of the waiting list can take years. Perhaps unsurprisingly, Rolex has entered the resale market. In December 2022, the company announced it was introducing a certified pre-owned programme, starting with Swiss retailer Bucherer. It enables authorised retailers to send watches to Rolex for certification. Chrono24 offers a similar service.Watches from reputable resale dealers can cost more than equivalent models available at\u00a0auction, but with auction houses the\u00a0onus\u00a0is on the buyer to satisfy themselves with what they are bidding on and how well it functions. \u201cTake advantage of the online watch community, get familiar with the models and materials,\u201d advised Altieri. \u201cThe quest for any collector is finding a period-correct example of a watch.\u201d A provenance story, possibly involving Paul Newman, is also\u00a0helpful. Perfection isn\u2019t always possible in old watches. \u201cWe\u00a0look at the source, the condition, the serial numbers, and we\u2019re checking whether parts like the bezel, pushers and bracelet are consistent,\u201d says Boutros. \u201cEven if parts are not original but it has been properly serviced, that\u2019s OK. They are watches that have lived a life.\u201dBoutros suggests looking at the versions made between 2000 and 2016. \u201cThey are discontinued, they have in-house Rolex movements and they are high quality,\u201d he says. They can be purchased from $16,000 to around $30,000 depending on condition and configuration, he adds.Mid-range models to look out for include the Big Red Daytona (Ref 6263), says\u00a0Shear. Made from the early 1970s to mid-1980s, it is another model favoured by\u00a0Newman. \u201cIt has a racing pedigree, and\u00a0the design is very pure.\u201d Prices start at\u00a0\u00a368,000 for a steel 1973 version on Chrono24. Altieri\u00a0adds that steel and gold models from\u00a0the \u201980s and \u201990s, although less in vogue, can present excellent value.If budget is unlimited, \u201cNo question, go for a Paul Newman Daytona; it\u2019s the most sought-after of all vintage watches and that\u2019s not going to change,\u201d says Boutros. It is estimated that only 3,000 \u201cPaul Newman\u201d Daytonas were made throughout the 1960s and 1970s \u2013 ironically, because they weren\u2019t popular. Shear recommends the hardly used steel models as a solid entry point. \u201cThese are classic, beautifully made watches that\u00a0will hold.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic With its heady mix of mythology, technical skill and rarity, Rolex\u2019s Cosmograph Daytona is armed with the attributes likely to excite both seasoned collectors and those new to the field. \u201cIt\u2019s a\u00a0cult icon that never seems to lose its status,\u201d says Andrew Shear, a<\/p>\n","protected":false},"author":1,"featured_media":155268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":{"0":"post-155267","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/155267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=155267"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/155267\/revisions"}],"predecessor-version":[{"id":155269,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/155267\/revisions\/155269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/155268"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=155267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=155267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=155267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}