Lucas Noah 
Smart investors are closely monitoring the returns on non-conventional investment options and finding that luxury watches are giving excellent returns for investors. Since Rolex is one of most reputed luxury watch brands, famous for its excellent design and quality, Rolex watches are extremely popular among investors and watch collectors. So the investor interested in purchasing a Rolex watch will ask how much is a Rolex Daytona in Singapore so that he can make a decision accordingly. The price of a Rolex Daytona watch depends on multiple factors which are described below.
Watch availability
One of the main factors affecting the Rolex Daytona price is the availability of the watch. Rolex has been producing the Daytona model since 1964 and the self-winding watches were available in 1988 and later. The watch is named after Daytona, Florida, where car racing at high speeds is popular to suit the requirements of high speed drivers. To ensure that the watch remains a collectible and has a high price, Rolex produces only a limited number of watches every year. Typically only approximately five hundred watches are produced every year. Hence only a limited number of genuine Daytona watches are available for sale.
Material
Another factor affecting the watch price is the material which is used for the watch. Rolex has many variants of the watch with different materials or combinations. The cheapest Daytona watches are using oyster steel. In some watches the oyster steel is combined with yellow gold. There are three different types of gold used in the watch, the conventional yellow gold, white gold and everose gold, which is pinkish in color. The most expensive Daytona watches use platinum or gold. The strap material also affects the price of the watch, if the watch has a metal bracelet the cost will be higher than a leather strap
Other factors
There are multiple designs of the Rolex Daytona which differ in the precious stones which are embedded. The most expensive daytonas in Singapore can cost more than $500,000 and have a large number of diamonds on their bezel and dial. There are other watches which differ in the number of diamonds. Rubies and other precious stones are also used in some designs of the watch, and affect the price. The cheapest Daytona watches have no precious stones. Usually fewer vintage Rolex daytonas are available for sale, so their prices are far higher
Condition
Like any other high value collectible, the price of the Daytona watch will also depend on the condition of the watch. If the watch has never been worn and is being sold, in its original packaging, with a certificate, it is likely to cost more. In contrast if the watch is used for some years and has scratches, it will cost less. If the Rolex Daytona is not working, the seller will get a lower price, so it is better to get the watch repaired before selling it. Additionally, the watches which have the original certificates, bills and service record from an authorized Rolex dealer, are likely to cost more than a watch with certificates missing.