126529L Le Mans Out of hand

[sxdcfv911]

I like the Le Mans Daytona. But the secondary market pricing is just crazy. Anyone care to guess where this one settles? I'm guessing $80-100K, but $250K on the secondary market seems unsustainable, IMO.

[hojlund]

I think it would settle at 50% higher than the price of the diamond markers platona.

[Booth9999]

I going to guess and say right around $40k

[GW44]

Originally Posted by Booth9999

I going to guess and say right around $40k

God loves a trier...

[jb335]

Allocations seem super tight, I do not see it dropping below 100k. Not even down to 100k.


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[codecow]

I hope they don’t produce many and it stays well over the $100k mark. The changes to the movement probably make it more annoying/expensive to produce over anything other than the ornate gemset variants. Same thing with the custom bezel.

[njlam]

Assuming Rolex is a profit maximizing enitity, why wouldn't they produce as many of these as they can?

Grey trading at prices $100K to $300K doesn't directly impact their bottom line.

I am sure the LeMan demand will always exceed supply...why shouldn't Rolex make more money?

[codecow]

Originally Posted by njlam

Assuming Rolex is a profit maximizing enitity, why wouldn't they produce as many of these as they can?

Grey trading at prices $100K to $300K doesn't directly impact their bottom line.

I am sure the LeMan demand will always exceed supply...why shouldn't Rolex make more money?

Part of the demand is from the expectation it’s limited supply.

If I thought it would be easy to obtain I wouldn’t buy it. I’d probably rather have a John Mayer, almost bought one when those came out.

[Driver8]

Originally Posted by codecow

I hope they don’t produce many and it stays well over the $100k mark. The changes to the movement probably make it more annoying/expensive to produce over anything other than the ornate gemset variants. Same thing with the custom bezel.

They probably won’t produce that many (relatively speaking) and it probably will stay fairly stratospheric price-wise, but I have to ask, why would you actually hope for that?

Personally I’d like to see all genuine watch fans able to buy the watches they want to wear and enjoy. But that’s just me.

[codecow]

Originally Posted by Driver8

They probably won’t produce that many (relatively speaking) and it probably will stay fairly stratospheric price-wise, but I have to ask, why would you actually hope for that?

Personally I’d like to see all genuine watch fans able to buy the watches they want to wear and enjoy. But that’s just me.

Why would I hope for it? Because unless they just make a couple I will get an allocation at MSRP which is basically free money.

[Polar Bear]

Originally Posted by codecow

I will get an allocation at MSRP which is basically free money.

Only if you sell it...

[77T]

Originally Posted by Polar Bear

Only if you sell it...

An alternative viewpoint is the cost-avoidance model of “free money”.

That is, if one wishes badly to have one, and the secondary market price is over $100-200K, then an allocation at MSRP by an AD is freeing up at least $60-160K.


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[Driver8]

Originally Posted by codecow

Why would I hope for it? Because unless they just make a couple I will get an allocation at MSRP which is basically free money.

Ah OK, so you want one to flip and make money out of. As I said, personally speaking I’d like to see all genuine watch fans able to buy the watches they want to wear and enjoy. Watches are never about making money for me, but that’s just me. We're all different. Good luck.

[brandrea]

Originally Posted by codecow

Why would I hope for it? Because unless they just make a couple I will get an allocation at MSRP which is basically free money.

I truly hope these watches will be allocated to enthusiasts who want to own and wear them

[codecow]

Originally Posted by brandrea

I truly hope these watches will be allocated to enthusiasts who want to own and wear them

I mean I’ll wear it and enjoy it until I sell it or die. You can’t take it with you to the grave. I probably have around 25 watches or so and they’re all getting liquidated except for 1 piece when I croak.

A “true enthusiast”. I still have the first nice watch I ever bought and not in a safe.

I just have the spend history with my AD to get allocations and if I can get special hype pieces I’m going to buy them because you can’t lose on them.

[WilsdorfNDavis]

Originally Posted by Driver8

Personally I’d like to see all genuine watch fans able to buy the watches they want to wear and enjoy. But that’s just me.

You wouldn't want to buy a Rolex if everyone could get one...

[Driver8]

Originally Posted by WilsdorfNDavis

You wouldn't want to buy a Rolex if everyone could get one...

Totally wrong I’m afraid. I couldn’t care less what other people wear. I buy watches I like, not to show them off, or for some sort of “social validation” by having something other people haven’t got. Just not me at all. But like I say, we’re all different in our motivations.

[Watchman001]

Originally Posted by WilsdorfNDavis

You wouldn't want to buy a Rolex if everyone could get one...

Rubbish! People didn’t want to buy Rolexes for 60 some odd years when they were in cases??? Give me a break…

[omar-rye]

Originally Posted by WilsdorfNDavis

You wouldn't want to buy a Rolex if everyone could get one...

Not many people have over $6,000+ in disposable funds to spend on a watch, and even if they do, they just wouldn’t. Maybe you’ve been affluent since birth or well off for a long time that you’ve lost touch, but the percentage of people able or willing to spend thousands, or even tens of thousands, is small, so there's no need to worry about your precious Rolex being commonplace.

[codecow]

Originally Posted by omar-rye

Not many people have over $6,000+ in disposable funds to spend on a watch, and even if they do, they just wouldn’t. Maybe you’ve been affluent since birth or well off for a long time that you’ve lost touch, but the percentage of people able or willing to spend thousands, or even tens of thousands, is small, so there's no need to worry about your precious Rolex being commonplace.

Like anything there’s levels to it. Rolex is selling all of their 1M+ production every year.

[pigman08]

Originally Posted by codecow

I hope they don’t produce many and it stays well over the $100k mark. The changes to the movement probably make it more annoying/expensive to produce over anything other than the ornate gemset variants. Same thing with the custom bezel.

Does this sound familiar?

“I was mostly kidding anyway just to get a reaction, although I wouldn’t complain if that was the case.”

You weren’t remotely kidding, except maybe yourself.


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[omar-rye]

It's too early to know. The initial batch of lefty GMTs traded at $50k+ and are now well below 100% of that. I personally don't see it being that much more than a platinum Daytona (reference 126)

[codecow]

Originally Posted by pigman08

Does this sound familiar?

“I was mostly kidding anyway just to get a reaction, although I wouldn’t complain if that was the case.”

You weren’t remotely kidding, except maybe yourself.


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Um ok?

If I can buy it for MSRP and it trades for a multiple then I can use it for free.

It’s like in the late 90s early 2000s you could buy a 50 watt Marshall JCM 800 on eBay, play it as much as you want for a few years, then get your money back when you sell it.

I had a steel Daytona many years ago and I traded it for an AP. I wore it and even scratched the crap out of the clasp and I got more in trade than I paid for it (thanks TS).

So if you have taken the hit buying watches and jewelry over the years and you’re able to get an allocation for something like this, why not buy it? I bought PM pieces when you could get BNIB from TS for 30% off.

And then… if you do buy it; why not want it to trade at a multiple?

[pigman08]

Originally Posted by codecow

Um ok?

If I can buy it for MSRP and it trades for a multiple then I can use it for free.

It’s like in the late 90s early 2000s you could buy a 50 watt Marshall JCM 800 on eBay, play it as much as you want for a few years, then get your money back when you sell it.

I had a steel Daytona many years ago and I traded it for an AP. I wore it and even scratched the crap out of the clasp and I got more in trade than I paid for it (thanks TS).

So if you have taken the hit buying watches and jewelry over the years and you’re able to get an allocation for something like this, why not buy it? I bought PM pieces when you could get BNIB from TS for 30% off.

And then… if you do buy it; why not want it to trade at a multiple?

I agree (and I believe most others agree) with pretty much everything you just said… Value retention is a valid concern when spending this kind of money on a watch, but for me it’s a discretionary expense that will only be made if I can afford to lose that cash… I think what many people take issue with is that it appears that you don’t give a shit if anyone else in the world gets this piece after you get yours, as you’ve bluntly stated twice that you hope it’s discontinued shortly thereafter… That is certainly your prerogative, but you shouldn’t be surprised when other watch enthusiasts find that mentality to be quite self-centered in a community of people who tend to always hope for nothing but the best for their fellow collectors who are yearning for that next acquisition… I may be way off base in my opinion of the subject, but I know one thing is certain: I’ll never own this watch… My finances will most likely prohibit that, and my eyesight will never be good enough to read the time on most Daytonas.(But not for the reasons that my mom warned me about)


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[Akacoke]

Originally Posted by pigman08

I agree (and I believe most others agree) with pretty much everything you just said… Value retention is a valid concern when spending this kind of money on a watch, but for me it’s a discretionary expense that will only be made if I can afford to lose that cash… I think what many people take issue with is that it appears that you don’t give a shit if anyone else in the world gets this piece after you get yours, as you’ve bluntly stated twice that you hope it’s discontinued shortly thereafter… That is certainly your prerogative, but you shouldn’t be surprised when other watch enthusiasts find that mentality to be quite self-centered in a community of people who tend to always hope for nothing but the best for their fellow collectors who are yearning for that next acquisition… I may be way off base in my opinion of the subject, but I know one thing is certain: I’ll never own this watch… My finances will most likely prohibit that, and my eyesight will never be good enough to read the time on most Daytonas.(But not for the reasons that my mom warned me about)


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Amen brother !

[codecow]

Originally Posted by pigman08

I think what many people take issue with is that it appears that you don’t give a shit if anyone else in the world gets this piece after you get yours, as you’ve bluntly stated twice that you hope it’s discontinued shortly thereafter… That is certainly your prerogative, but you shouldn’t be surprised when other watch enthusiasts find that mentality to be quite self-centered in a community of people who tend to always hope for nothing but the best for their fellow collectors who are yearning for that next acquisition

I actually do care in that I hope they don’t. So I actively hope that they make as few as possible.

Even if I don’t get one; I’m rooting for the collectors with the history to get this piece that it will be a “reward” piece for their collecting journey up to this point.

A recent example would be something like the AP Star Wheel. If I had the history at a boutique it’s well worth MSRP to me and I’d buy one; but it looks like AP is going to not make them to demand. Am I mad or bitter about that? No. I think it’s good for their brand and in particular the Code line to have in demand watches that “normal” people can’t get. The market demand versus supply is part of the watch.

[zi464]

IMO it will keep above 100k.

[Mystro]

Originally Posted by zi464

IMO it will keep above 100k.

X2
Way above $100k that is if you can even get a chance to get one on the secondary market. This watch is and will be a white elephant and a tier one collectors piece.

[worldofoyster]

75-85k when it settles down

[BraveBold]

$80-$100k