The Rolex Daytona watch is an expensive watch in the watch market. This Rolex Daytona watch is popularly known as the Daytona named after Daytona Beach, Florida in the USA. Daytona Beach is well-known for auto racing. This Rolex Daytona watch is very well-known in the racing community for its worth when calculating average lap speed. This Daytona watch is more expensive than the Rolex Submariner, Datejust, and GMT-Master watch. This Rolex Daytona was owned and worn by the Hollywood actor Paul Newman who is known to all watch lovers. This white gold Daytona watch was estimated to sell for up to USD million, but finally, the bid price reached USD $ 850,000.
There are many factors that caused for Rolex Daytona so expensive. In this article, we will clarify the reasons why Rolex Daytona is so expensive. In most cases, the price watch is made by considering some parameters such as:
- The High Production Cost
- High Demand
- Low Supply
- Material Cost
- Craftsmanship
- Mechanical Complexity
- Performance
- Brand value
High Production Cost of Rolex
Rolex is a big company with 30,000 plus employees. Almost one million pieces of Rolex watches are produced per year. The production quality is higher than any other brand. The production quantity is not covered by reducing the price of this watch. Maintaining the Rolex standard is a great challenge for low prices. So, to keep the high quality and standard, the Rolex Daytona watch is becoming more expensive than expected. So, you got the point that the high production cost is one of the factors responsible for the high price.
High Demand for Rolex Daytona Watch
This is a well-known economic theory that high demand is responsible for high prices. Once the demand for a watch is high then the watch manufacturer sets the price as per high demand. They consider the high margin since it has high demand and watch collectors are willing to purchase with this high cost. On the other hand, if the demand for the Rolex Daytona watch is low then manufacturers can not dare to set the high price. So, it can be said that the high demand for the Rolex Daytona watches is responsible for being so expensive.
Low Supply of Rolex Daytona Watch
The third price factor of this Rolex Daytona is low supply. Due to the complexity of the machine of Rolex Daytona, the productivity of this watch is very slow. It is estimated that the Rolex Daytona watch production is 20,000 to 30,000 pcs per year which is very low in terms of demand. As we know the Rolex Daytona watch has a huge demand for its brand value. If the supply of this watch was enough according to its demand, then the price of this watch would be affordable for all. So, we can say that the low supply of Rolex Daytona watches is a factor for being expensive.
Material Cost and Craftsmanship of Rolex Daytona Watches
The fourth price factor of this Rolex Daytona watch is the material cost and craftsmanship. The Rolex Daytona Watches are made of high-quality material and excellent craftsmanship. The premium quality white gold of the bezel and bracelet makes it an exception from all other watches. The low-quality material and less standard craftsmanship can cause a low price. But Rolex watch company maintains the standard quality and they utilize high-quality materials and outstanding craftsmanship. That is the reason the price of Rolex Daytona is so expensive. So, we can say that the material cost and craftsmanship of Rolex Daytona watches are another factor for being expensive.
The Mechanical Complexity of Rolex Daytona
The fifth price factor of this Rolex Daytona watch is its mechanical complexity. The mechanical complexity of the Rolex Daytona watch makes it so expensive. If it is an easy mechanical system, then the price would be affordable for its collectors. Rolex watch engineers are very sincere about making the Rolex Daytona watch very exceptional. So, we can say that the mechanical complexity of the Rolex Daytona watch is another factor for being expensive.
Performance of Rolex Daytona Watch
The sixth price factor of this Rolex Daytona watch is the performance of this watch. The premium quality material and excellent craftsmanship make it a unique performance watch. The longevity of the Rolex Daytona is well-known to all Rolex watch collectors. Due to the high performance of the Rolex Daytona watch most watch collectors like this watch. They want to enrich their watch collection list by collecting the Rolex Daytona watch. So, we can say that the performance of the Daytona watch is another factor for being so expensive.
Brand Value of Rolex
Rolex itself is a brand. The word Rolex has created an unlimited brand value in its customers’ minds. Most customers of Rolex think that Rolex means prosperity, glory, and success in life. It is said that only successful people can use Rolex in terms of price and affordability. If anyone uses Rolex Daytona then his social status will be higher than earlier. People will measure him by following his wrist. So, we can say that the Brand value of the Rolex Daytona watch is another factor for being so expensive.
Therefore, we can state that there are certain reasons for Rolex Daytona being so expensive. It is a matter of amazing that the Rolex Daytona is so expensive but its demand has not decreased yet. If you are a fashionable watch collector and want to collect the Rolex Daytona Watch, but you are not able to purchase this watch due to so expensive. In that case, you have another option to purchase the replica Rolex Daytona watch which will save you money as well. You can buy the replica Rolex Daytona watch from our online shop Watches UAE.com. To purchase the Rolex Daytona first copy watch you are welcome to contact us by today.
