Instantly recognizable for its bold white dial with contrasting black subdials, the Rolex Daytona Panda is a timepiece that has a rich legacy rooted in the world of high-speed racing. It's for those who understand both the mechanics of a chronograph and the thrill of a finely tuned car engine.
From Hollywood legends to seasoned luxury watch collectors, the Rolex Daytona Panda has claimed an enduring place in popular culture. This distinctive model is both refined and daring, sporty and luxurious.
In this ultimate guide, we’ll explain what makes the Rolex Daytona Panda a standout in the world of luxury watches. This guide will explore every angle of what has made the Daytona Panda one of the most sought-after timepieces in the industry.
What Is the Rolex Daytona Panda Watch?
The Rolex Daytona Panda is a highly coveted version of the iconic Rolex Daytona chronograph. Its name is derived from its distinct dial design that resembles a panda face. It features a white or silver main dial contrasted with black subdials, creating a striking look that's both sporty and stylish.
Brief History of the Rolex Daytona Panda
- 1963: Rolex introduces the Cosmograph Daytona as a high-precision chronograph for race car drivers.
- 1960s-70s: Early Daytona models, especially with contrasting dials, became known as "Paul Newman" models, a precursor to the "Panda" dial aesthetic.
- 1988: The reference 16520 in stainless steel introduces the modern "Panda" style with a Zenith-based movement, leading to a resurgence in Daytona popularity.
- 2000: Rolex debuts its in-house Caliber 4130, solidifying the Daytona's reputation as a high-performance chronograph.
- Modern Era: The “Panda” dial style remains highly sought after, particularly the reference 116500LN, with a white dial and black ceramic bezel.
Technical Specifications of the Rolex Daytona Panda (Ref. 116500LN)
- Case Material: Oystersteel (904L stainless steel)
- Case Diameter: 40 mm
- Bezel: Black Cerachrom ceramic bezel with engraved tachymetric scale
- Crystal: Scratch-resistant sapphire crystal
- Dial: White lacquered dial with black subdials (3, 6, and 9 o’clock positions)
- Movement: Rolex Caliber 4130, automatic chronograph movement
- Power Reserve: Approximately 72 hours
- Precision: COSC-certified, -2/+2 seconds per day after casing
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Functions:
- Central hour, minute, and chronograph seconds hands
- Small seconds at 6 o’clock
- 30-minute counter at 3 o’clock
- 12-hour counter at 9 o’clock
- Bracelet: Oyster bracelet with Oysterlock safety clasp and Easylink 5 mm comfort extension link
- Water Resistance: 100 meters / 330 feet
Key Features of the Rolex Daytona Panda
Here are the key features that make the Rolex Daytona Panda a standout when it comes to luxury sports watches:
- Panda Dial Design: The white dial with black subdials resembles a panda face, creating a bold contrast that improves readability. For many collectors, this high contrast is iconic.
- Cerachrom Bezel: The black ceramic bezel is durable, scratch-resistant, and fade-proof. It also adds a modern touch to the watch's classic look. The engraved tachymeter scale supports accurate speed calculations, ideal for motor racing.
- Caliber 4130 Movement: Powered by Rolex's in-house Caliber 4130, the Daytona Panda offers exceptional precision, reliability, and an impressive 72-hour power reserve. The movement includes anti-magnetic properties and a Parachrom hairspring.
- Oystersteel Case and Bracelet: The 904L Oystersteel case is highly corrosion-resistant. Paired with the classic Oyster bracelet, it provides a comfortable yet secure fit with the additional Oysterlock clasp and Easylink extension.
- Chronograph Functionality: The Daytona Panda includes three subdials (small seconds, 30-minute counter, and 12-hour counter) that allow for precise time measurement, making it an ideal tool for motorsport enthusiasts.
- COSC-Certified Superlative Chronometer: With a precision rating of -2/+2 seconds per day, the Daytona Panda meets Rolex’s stringent standards for accuracy and performance, exceeding traditional chronometer certifications.
- 100-Meter Water Resistance: Water-resistant to 100 meters (330 feet), the Daytona Panda combines its sporty chronograph capabilities with the versatility to handle various conditions.
Rolex Daytona Models

The Rolex Daytona Panda, while classically recognized by its white dial and black subdials, actually has several notable variations.
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Stainless Steel Panda (Ref. 116500LN)
- The most famous version, this Black Rolex Daytona has a stainless steel case and bracelet with the signature black Cerachrom ceramic bezel. The white dial with black subdials gives it the true "Panda" look that has become highly sought-after among collectors.
- Key features include the Caliber 4130 movement, a scratch-resistant sapphire crystal, and a 100-meter water resistance.
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Two-Tone "Panda" Variation (Ref. 116503)
- The two-tone version combines stainless steel and yellow gold for a more luxurious look. While it doesn't feature the ceramic bezel, the white dial with black subdials and yellow gold accents blends sportiness with elegance.
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Yellow Gold Panda with Oysterflex Bracelet (Ref. 116518LN)
- This variation is crafted from 18k yellow gold and features a black Cerachrom bezel. However, instead of the traditional Oyster bracelet, it comes with an Oysterflex rubber strap. The white dial with black subdials offers the classic Panda aesthetic.
- It includes the same Caliber 4130 movement but adds a unique aesthetic thanks to the Oysterflex strap.
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Everose Gold "Panda" (Ref. 116515LN)
- Made from Rolex's proprietary Everose gold, this model also features a black Cerachrom bezel and is fitted with an Oysterflex bracelet. The warm tones of Everose gold provide a unique contrast to the white dial and black subdials.
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White Gold "Panda" on Oysterflex (Ref. 116519LN)
- This white gold variation also has the Oysterflex rubber strap and a white dial with black subdials. The white gold case gives it a more understated luxury, making it a favorite among those who prefer a more subtle Panda appearance.
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Vintage “Paul Newman” Daytonas
- While not traditionally referred to as "Panda" dials, certain vintage "Paul Newman" Daytonas feature a similar high-contrast design with white dials and black subdials. These models, especially with exotic dials, are among the most collectible and valuable Daytonas in the world.
Price Range of the Rolex Daytona Panda Watches
The price range for Rolex Daytona Panda watches can vary widely based on several factors, including the model, material, condition, and whether it's being purchased new or pre-owned. Let's look at a breakdown of typical price ranges:
1. Stainless Steel Rolex Daytona Panda (Ref. 116500LN)
- Retail Price: Around $15,000–$16,000 (when available at an authorized Rolex dealer)
- Pre-Owned Market: $27,000–$40,000. Due to its high demand and limited availability, pre-owned models often command a significant premium over the retail price, especially for models in excellent or mint condition.
2. Two-Tone Rolex Daytona Panda (Ref. 116503)
- Retail Price: Around $18,000–$20,000
- Pre-Owned Market: $18,000–$25,000. The two-tone version is generally more widely available than the stainless steel model. However, it can still command a premium.
3. Yellow Gold Rolex Daytona Panda on Oysterflex (Ref. 116518LN)
- Retail Price: Around $29,000–$31,000
- Pre-Owned Market: $32,000–$40,000. This model, which is made with 18k yellow gold and featuring an Oysterflex strap, tends to be on the higher end of the price spectrum due to its precious metal case and ceramic bezel.
4. Everose Gold Rolex Daytona Panda (Ref. 116515LN)
- Retail Price: Around $31,000–$33,000
- Pre-Owned Market: $33,000–$42,000. This model is crafted from Rolex’s proprietary Everose gold. The price is relatively high in both retail and pre-owned markets.
5. White Gold Rolex Daytona Panda on Oysterflex (Ref. 116519LN)
- Retail Price: Around $33,000–$35,000
- Pre-Owned Market: $34,000–$45,000. The white gold version often fetches a higher premium in the pre-owned market due to its precious metal case.
6. Vintage Rolex Daytona “Paul Newman” Models
- Price Range: $100,000 to several million dollars, depending on the condition, rarity, and exact model. While not traditional “Panda” watches, some Paul Newman models feature high-contrast black and white dials and are among the most valuable Daytonas ever sold at auction.
Is Buying a Pre-Owned Rolex Daytona for Sale Worth It?

Buying a pre-owned Rolex Daytona Panda can be a worthwhile investment for several reasons, but it’s important to weigh certain factors carefully before making a decision.
1. Value Retention and Investment Potential
- High Demand and Rarity: The Daytona Panda, especially in stainless steel, is extremely popular and often difficult to find brand new at authorized dealers, leading many to check out the pre-owned market.
- Value Appreciation: Historically, Rolex Daytonas, particularly rare models like the Panda, have appreciated over time. If you’re considering the watch as an investment, a pre-owned model may offer a good return in the long term.
- Price Premium: Be prepared to pay a premium on the secondary market. However, this premium can be offset by the watch’s value retention and potential appreciation.
- Verification: When buying pre-owned, it’s important to confirm the watch’s authenticity and condition. Purchase from reputable dealers who offer certificates of authenticity, warranties, and thorough inspections.
- Service History: If possible, get information on the watch’s service history. A well-maintained Daytona will offer better performance and longevity, but servicing can be expensive if the watch hasn’t been maintained.
- Condition: Inspect the watch for any signs of wear, damage, or aftermarket modifications. Watches in original condition retain higher value and authenticity, which can affect long-term investment potential.
3. Immediate Availability
- Avoiding Waitlists: Buying a pre-owned Daytona Panda allows you to bypass long waiting lists common with brand-new models at authorized dealers. This makes the pre-owned market an attractive option if you want the watch without waiting years for availability.
- Vintage Appeal: For some collectors, pre-owned Daytonas, particularly older or discontinued models, offer a unique vintage appeal that adds character and history to the timepiece.
4. Potential for Personalization
- Diverse Models: The pre-owned market may offer a wider variety of Daytona Panda options. This opens up options for choosing a model that fits your taste and collection goals.
- Lower Cost: While Daytonas do retain value, buying pre-owned sometimes means you can find a slightly older model at a price that may be more attractive than retail for certain variations.
Conclusion
More than just a good-looking watch, the Daytona Panda represents precision and speed—qualities that make it a favorite among collectors and racing fans alike.
From classic stainless steel models to one of the more luxurious gold variations, the Daytona Panda is always in demand.
Use this guide if you’re thinking about adding a stunning Rolex Daytona Panda watch to your collection.