SS Panda Daytona-C Hits 50k!

[JacksonRain]

So, that time has come -- UNWORN 2021 OR NEWER new card partially or fully stickered stainless steel white "panda" ceramic Daytona 500LN have hit $50,000.00.

In the last couple of weeks, this particular piece, along with a few others, have really shot up in price -- both for greys having to pay higher "replacement costs" and end buyers.

Some sellers have ran through their inventory, and some others have pulled back to see the watch go up and up in value, as they wait to relist to not miss out on profit from the new market price.

Going up and up every single day!!

[samuel019]

Owning a black 500 and other Daytonas even I say this is just bonkers. Sooooo not worth these prices which has been discussed ad nauseam here on TRF but 50k plus? Really??

Granted I am on the next one that comes in list for a 116505 or 116515

[Danny83]

This is just discontinuation speculation …mostly dealers buying

[samuel019]

Originally Posted by Danny83

This is just discontinuation speculation …mostly dealers buying

Spot on as usual Danny IMO.

The market is ALWAYS bonkers when new releases are around the corner plus Rolex with the new price increase.

Too many models to list that went crazy for a little while then as always the market settled.

[vh2k]

Typical daily uneducated Chrono24 listing thread.

Current market price is still under $45K.

[JacksonRain]

Originally Posted by vh2k

Chrono24 = market value FAIL

Current market price is still under $45K.

No kind Sir. You are still stuck in 2021, respectfully

[ap1]

Watchrecon is like 37 used

[JacksonRain]

Originally Posted by Danny83

This is just discontinuation speculation …mostly dealers buying

There have been some considerable increases in the market for many references with little to no speculation of discontinuation re those pieces, my friend.

[JacksonRain]

Originally Posted by ap1

Watchrecon is like 37 used

Go buy a mangled black dial pre-owned and enjoy! The opening thread is pretty detailed accurate

[10XRolex]

Sweet. Mine is still stickered. Then again it does not matter, I'm not selling.

[ap1]

Originally Posted by JacksonRain

Go buy a mangled black dial pre-owned and enjoy! The opening thread is pretty detailed accurate

Why would I do that, have both at retail

[JacksonRain]

Originally Posted by ap1

Why would I do that, have both at retail

[vh2k]

Originally Posted by JacksonRain

No kind Sir. You are still stuck in 2021, respectfully

I’m in the chats (as many of us are). One sold yesterday for $44,250 and that’s the current peak. 12/2021 card.

[JacksonRain]

Originally Posted by vh2k

I’m in the chats. One sold yesterday for $44,250. 12/2021 card.

we dont have all of the details about that particular example, but remember: Yesterday's price is not today's price, my dear.

[vh2k]

Originally Posted by JacksonRain

we dont have all of the details about that particular example, but remember: Yesterday's price is not today's price, my dear.

You used a Chrono24 listing as evidence. TOTAL FAIL.

[JacksonRain]

Originally Posted by vh2k

You used a Chrono24 listing as evidence. TOTAL FAIL.

You are a scholar, my love! MUCH RESPECT!

[JacksonRain]

Originally Posted by 10XRolex

Sweet. Mine is still stickered. Then again it does not matter, I'm not selling.

Yes. I'm right there with you!

[samuel019]

Yeah even without discontinue speculation and the market is dry and blah blah sellers can list/ask for any amount they chose.

Getting it is a different situation. Are they? Who knows

[huncho]

i believe chrono has high fees so prices reflect that and also most don't actually have the watch in their possession so they're basically fishing for higher prices

i remember the same thing happened this time last year too with the green dial daytona. it went from like 60 to 90k in a few months on speculation of new releases

[JacksonRain]

Originally Posted by samuel019

Yeah even without discontinue speculation and the market is dry and blah blah sellers can list/ask for any amount they chose.

Getting it is a different situation. Are they? Who knows

Let's revisit this thread in the next 2 to 3 weeks and see whether DSW has posted an unworn new card white C for 48 - 50. Let's see.

[JacksonRain]

Originally Posted by huncho

i believe chrono has high fees so prices reflect that and also most don't actually have the watch in their possession so they're basically fishing for higher prices

i remember the same thing happened this time last year too with the green dial daytona. it went from like 60 to 90k in a few months on speculation of new releases

But for the last many months it's be about 90k. Even with hype and increase and ever slight dip or cooling off, and then picks back up. The 519 Green is just another example of that.

[vh2k]

Originally Posted by JacksonRain

You are a scholar, my love! MUCH RESPECT!

I generally love your posts, brother... and I have no doubt the 116500 will/could hit $50K in a few weeks, $60K in a few months, and maybe even $75K this year.

But let’s not point to nonsense listings on C24 to indicate current market price.

[JacksonRain]

Originally Posted by vh2k

I generally love your posts, brother... and I have no doubt the 116500 will/could hit $50K in a few weeks, $60K in a few months, and maybe even $75K this year.



But let’s not point to nonsense listings on C24 to indicate current market price.

Thanks brother. Understood.

But I don't think it's nonsense. I assure you that I search and think long and hard before creating a post and Chrono24 listings are not the begining or the end all for me. Agreed -- C24 should NEVER be the sole basis of market assessment for a particular piece. I give you that.

[illiguy]

Market is market, but so many better options at $50k.

[jamesthejeweller]

Nonsense

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[JacksonRain]

Originally Posted by jamesthejeweller

Nonsense

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Does it make sense at 15k ? To most of the world? Absolutely not!

[Roger Lococco]

Originally Posted by illiguy

Market is market, but so many better options at $50k.

Like a nice car


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[Gab27]

Is this price going to become the new norm?

[inadeje]

I’m going to submit a contrarian view, even though it pains me to do so.

The 5711 and AP Chrono ST’s are also completely bonkers. In broader terms based upon perceived secondary market value of the Daytona (yes I’m going to say it) would mean that it’s UNDERVALUED at 44k’ish.

One must take a macro view of the madness, instead of singling out the Daytona. It’s probably the only way to insert any rationale into this aberration we call the current luxury watch market.

Do I agree with it? Hell no. Is it however a reality, well yes. Rejecting the existence of fact based upon historical beliefs is a sign of insanity, and to that I cannot subscribe (for obvious reasons)

[Oxfordian]

$50k+ for a SS Daytona, the world is mad mad mad.

Still the hopeful character selling the watch has still to find a fool to buy it, maybe some common sense will appear and the watch remain unsold.

Somehow I think I will be proved wrong and the fool will be found, I wonder how they would feel if the bubble on this over-hyped and over-priced watch burst just hours after they spent their hard earned cash on this trinket.

$50k for a Daytona, madness, utter madness.