The Rolex President, specifically the Day-Date in 18ct yellow gold with a black Roman numeral dial, is a watch synonymous with prestige, power, and enduring value. This article will delve deep into the financial performance and current market value of this iconic timepiece, exploring its history, variations, influencing factors, and ultimately, guiding you towards understanding its position within the luxury watch market. We'll examine various aspects, referencing search terms like "Rolex Day-Date yellow gold," "Rolex President 118238 price," "Rolex Day-Date President," "Rolex yellow gold watch," "Rolex 18ct yellow gold," "Rolex Day-Date watch," "Rolex 118238 for sale," and "Rolex Day-Date bracelet" to provide a comprehensive overview.
A Legacy of Presidential Elegance:
The Rolex Day-Date, often referred to as the "President," holds a unique position in the horological world. Introduced in 1956, it was the first wristwatch to display both the date and the day of the week spelled out in full, a feat of horological engineering at the time. Its association with presidents and heads of state, cemented its status as a symbol of power and success. The yellow gold version, with its rich, warm hue, further enhances this perception of opulence. The black Roman numeral dial, a classic and timeless choice, adds a touch of sophistication and readability, complementing the luxurious yellow gold case.
The Rolex 118238: A Specific Focus
The reference number 118238 often refers to a specific iteration of the Day-Date in 18ct yellow gold with a black Roman numeral dial. While Rolex continuously refines its models, this reference number represents a highly sought-after version, known for its classic design and enduring appeal. Understanding the reference number is crucial when researching the financial performance and market value, as variations in reference numbers, dial styles, and bracelet types can significantly affect price. Searching for "Rolex 118238 for sale" will reveal a range of prices, reflecting the condition, box and papers (original packaging and documentation), and market demand at any given time.
Factors Influencing Market Value:
Several factors significantly influence the market value of a Rolex Day-Date 118238 in yellow gold with a black Roman dial:
* Condition: The condition of the watch is paramount. A pristine, unworn example with original box and papers will command a substantially higher price than a watch showing signs of wear and tear. Scratches, dents, and imperfections will all negatively impact its value. Thorough inspection by a reputable watchmaker or expert is advisable before purchase.
* Completeness: The presence of the original box and papers significantly increases the value. These documents provide provenance and authenticity, assuring potential buyers of the watch's legitimacy and history. A watch sold without these accessories will typically fetch a lower price.
* Servicing History: A documented service history from an authorized Rolex service center indicates that the watch has been properly maintained, increasing its reliability and value. A lack of documented servicing can raise concerns about its potential future maintenance costs.
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