Hands On: The First-Ever Rolex Daytona “Rainbow” 16599SAAEC
One of the most valuable watches to go on the block this auction season is the Rolex Daytona “Rainbow” 16599SAAEC. Part of Phillips’ Reloaded auction taking place on November 8, 2024, the Zenith-powered Daytona is the original “Rainbow”, having been produced in 1994, some 18 years before the serially-produced Daytona “Rainbow” was introduced. Like all automatic Daytona models prior to 2000, this Daytona “Rainbow” is powered by the cal. 4030, which is a Zenith El Primero modified by Rolex. But this Daytona is unique in having a singular model reference of 16599 followed by the suffix “SAAEC”, short for saphir arc-en-ciel, French for “sapphire rainbow”. A rainbow history Though the Daytona “Rainbow” is perhaps the most famous gem-set Rolex model today, it took a while to catch on when it was introduced. It debuted as a regular production model in 2012 with the Daytona ref. 116598RBOW in yellow gold and ref. 116599RBOW in white gold. The Daytona ref. 116599RBOW in white gold At launch the Daytona “Rainbow” was not the object of frenzied desire as it is now, but by 2018 it was sought after. And that year Rolex debuted the Daytona ref. 116595RBOW in Everose gold that boasted the upgrade of baguette-cut rainbow indices. The facelift was also applied to the yellow and white gold versions, both of which now sport baguette-cut rainbow indices as well. As with the first generation model, variants with gem-set dials and bracelets also exist. The Day...
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