Rolex Daytona Panda Dial Ref. 126500 Review
The Rolex Daytona is a tricky watch to discuss these days. It’s difficult to separate the watch itself from its status as a barometer to the health of the entire second-hand market — a position that the watch itself surely never asked to be put into. Everyone has an opinion on the Daytona, and these days, those opinions seem to lean more negative due mostly to what it has come to represent. As such, it rarely gets a fair crack at an honest judgment. In fact, it’s a watch I generally shy away from discussing publicly. But I’ve always liked the Daytona, and I take pleasure in wearing mine in non-watch-enthusiast environments. That’s because, behind all the speculation and hype culture, there’s a genuinely good sports watch that’s almost never seen as such. After a year of owning the reference 126500 Rolex Daytona Panda dial introduced in 2023, and amidst a cooling second-hand market, I think it’s time to change that. Let’s start off by confronting the reality of this watch. The MSRP of the steel Daytona Reference 126500 in either black or white dial (dark or light, in Rolex parlance) is $16,000. The same watches trade for between $27,000 and $32,000 in the open market. This is a serious discrepancy, but it does seem to have stabilized from a high point in 2021. In fact, it seems to be slowly coming down, but not nearly to a price that the watch merits, if you ask me. At its MSRP, the Daytona is a legitimately great watch, but only just. At ~$30,000, this ...
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