







36
Rolex
Ref. 116503
Cosmograph Daytona "Factory Error"
An unusual, possibly unique, and brand-new yellow gold and stainless steel chronograph wristwatch with bracelet, factory error dial, original guarantee, and presentation box
Full-Cataloguing
At first, one may see this reference 116503, in Rolex’s proprietary yellow gold alloy and stainless steel, as just your typical modern two-tone Cosmograph Daytona. Fitted with a white dial, it is an elegant moderator between day-to-day utility and chic statement piece. Furthermore, this example is as new, purchased on the last days of 2021, and offered with all its original accessories.
But there is one more characteristic to notice – the lack of the standard red “Daytona” logo above the 60-second counter at 6 o’clock. The present lot comes from the original owner, who purchased this reference 116503 from an authorized dealer, and didn’t realize that something was missing on the dial until he had returned home with his new Daytona. Upon realizing that his Daytona was in fact, Daytona-less, he contacted Rolex to confirm the authenticity of the watch – which was provided. Realizing that such a “mistake” is in fact, an exceptional and collectible error – a quality control oversight from the Rolex factory that now renders this standard 116503 likely unique. It adds an element of restraint to the design of the dial that is in fact, quite attractive.
PROPERTY OF THE ORIGINAL OWNER
Rolex
Swiss | 1905Founded in 1905 England by Hans Wilsdorf and Alfred Davis as Wilsdorf & Davis, it soon became known as the Rolex Watch Company in 1915, moving its headquarters to Geneva in 1919. Like no other company, the success of the wristwatch can be attributed to many of Rolex's innovations that made them one of the most respected and well-known of all luxury brands. These innovations include their famous "Oyster" case — the world's first water resistant and dustproof watch case, invented in 1926 — and their "Perpetual" — the first reliable self-winding movement for wristwatches launched in 1933. They would form the foundation for Rolex's Datejust and Day-Date, respectively introduced in 1945 and 1956, but also importantly for their sports watches, such as the Explorer, Submariner and GMT-Master launched in the mid-1950s.
One of its most famous models is the Cosmograph Daytona. Launched in 1963, these chronographs are without any doubt amongst the most iconic and coveted of all collectible wristwatches. Other key collectible models include their most complicated vintage watches, including references 8171 and 6062 with triple calendar and moon phase, "Jean Claude Killy" triple date chronograph models and the Submariner, including early "big-crown" models and military-issued variants.