Entrepreneur Dan Caten spotted wearing a Rolex

Dan Caten, co-founder of the DSquared2 fashion empire, was recently spotted on the wrist with one of Rolex's most visually striking sports references: the GMT-Master II 116759SARU. The sighting was flagged via the brand's official Instagram account, confirming what the watch community might have already suspected — that a man who built a brand on unapologetic extravagance would gravitate toward exactly this reference.

The Rolex GMT-Master II 116759SARU is built on the calibre 3186, Rolex's in-house movement featuring the Parachrom hairspring for enhanced resistance to shocks and magnetic fields. It offers a GMT complication allowing simultaneous tracking of two time zones via a 24-hour hand, a function originally developed for Pan Am pilots in the 1950s. What separates the 116759SARU from the broader GMT-Master II family is its case and bezel construction: 18k white gold throughout, with the rotating bezel set with 32 alternating blue sapphires and red rubies — a direct homage to the colour scheme of the classic 'Pepsi' ceramic bezel, but executed in precious stones. The dial is black, the bracelet an Oyster in matching white gold.

Among collectors, the 116759SARU occupies a peculiar and respected niche. It is not a tool watch in any traditional sense — it is Rolex demonstrating what the GMT-Master II looks like when cost is removed from the equation. Production is deliberately limited, and the reference rarely appears at retail. On the secondary market, prices have held firm precisely because supply never meets demand from high-net-worth buyers who want something beyond the standard steel or gold offerings.

Dan Caten and his twin brother Dean launched DSquared2 in 1994, building it into a globally recognised luxury fashion label from their Toronto roots. Dan's personal style has always leaned theatrical, and the 116759SARU — bold, technically accomplished, and immediately recognisable to those who know — suits that profile exactly.

At UK list price of £47,940, the 116759SARU is among Rolex's most expensive catalogued references. Grey market premiums apply given its scarcity, with examples trading well above retail when they surface at all.