Daytona prices are softening

[Chester01]

Originally Posted by gramo

I never confirmed a Daytona sold for £12500, if a grey is offering to buy a watch for £12500 (first post) and the same gray is selling the same watch/year for £25000 customers will not sell to you due to the very large amount what the gray is offering and selling the same watch for. its all about the first mind set, ie you look at the grays website to see what they are selling the same watch for before you offering them the watch.

No, I get what you are saying. But I have not seen the Daytona market soften yet is my point. When someone says the market is getting more soft because they were offered 12500 for their Daytona is really no indication the market is getting soft, so long as the prices to buy are above 20k USD.


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[3sheets86]

Originally Posted by gramo

So a a £8000 drop from November 2019 price to April 2020 price for a SS Daytona-Wow

Yes but unfortunately no such drop in their selling price.

[GH.Chrono]

Originally Posted by P2725TMB

I was talking to the manager of one of the WF stores in December and he said they had over 80 Daytonas on their books. I supect they will still have most of those now.

I know they had 80 BLNR's in stock only a couple of months ago. They post one of each model of the same year but have multiple.

[3sheets86]

Originally Posted by GH.Chrono

I know they had 80 BLNR's in stock only a couple of months ago. They post one of each model of the same year but have multiple.

No wonder that they’ve almost been able to control the UK grey market for so long.

[jfmiii]

Originally Posted by Chester01

No, I get what you are saying. But I have not seen the Daytona market soften yet is my point. When someone says the market is getting more soft because they were offered 12500 for their Daytona is really no indication the market is getting soft, so long as the prices to buy are above 20k USD.


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flippers were getting bids of 30%+ more a few months ago. So it is relevant. There are well known sellers on here offering black Daytonas for $19,000 and they are sitting. That offer (nevermind market clearing level) is significantly less than just a few months. The market is soft and softening. Asking prices are meaningless except for the fact they are significantly lower than they were.

[cdubg21]

Sold mine (black dial 2019 excellent condition) a couple weeks back for $18,750 but then again a lot had changed in the last 2 weeks. FWIW the gray that bought it still has not moved it and has lowered the price.

[carl5]

Left for me, if there is drop in price then now is the perfect time to get one and i believe there will be increase in price once all this corona pandemic ends.
Have not really checked prices of late though.

[EEpro]

Originally Posted by Sandpit

Offered prices by greys will just be to take advantage of desperate private sellers cashing in or panic selling.

Correct. These offers are not "the market"... but certainly indicative of the dealers wanting more margin to compensate for their holding risk.

[garyk]

Wow, I almost lost my breakfast when I saw these numbers this morning. So glad you guys clarified what was happening here...My 116508 JM is still incoming to me at MSRP.

[Milsub114060]

No one is paying stupid prices for non 4digit Daytona’s at all any longer that boat has sailed

[garyk]

Originally Posted by Milsub114060

No one is paying stupid prices for non 4digit Daytona’s at all any longer that boat has sailed

Oops, is retail stupid?

Hope not, have never seem this watch in person, the AD has never seen one, I previously thought MSRP would be awesome if it actually comes in....

[Roli4life]

Can a new sub forum be created for those who are NOT Rolex enthusiasts, but “ investors’’ and angry wishful thinkers

Call it the dreamers, and speculators forum.

[RHIII]

Originally Posted by Roli4life

Can a new sub forum be created for those who are NOT Rolex enthusiasts, but “ investors’’ and angry wishful thinkers

Call it the dreamers, and speculators forum.

^^^^^ This

PLEASE - this is all garbage


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[SN13]

Originally Posted by 3sheets86

Yes but unfortunately no such drop in their selling price.

Not true.

August 2019 - $29K white dials
Now - $21.5k White.

IDK what you're seeing but that sure looks like a $7.5k drop in asking price.

Check the FORUM Sales Section and get your head out of the sand.

Anyone who paid over $20k for a DaytonaC is about to be underwater on it.

BIG.

Sub $15k 2nd hand prices before end of year. Sub MSRP within 3 yrs.

[BroncoOne]

Originally Posted by EEpro

Correct. These offers are not "the market"... but certainly indicative of the dealers wanting more margin to compensate for their holding risk.

I agree. I've said it before: being in business long term is about maintaining your margin, regardless of whether prices are higher or lower any given cycle. A goof Grey may try to widen the margin on a particular sale because the market moved since acquiring a watch at a higher price in the past that you still hold. It evens out if you can do it so that you make your target margin overall.

People who are looking to score hugely every time aren't in a real business, they are gamblers/speculators.

[SN13]

What happens when the panic selling starts is this:

The guys with 80 units at an average cost of $20k are F****D.

$1.6M cost (Good times (late 2019) upwards of $400k potential profit @$25k)....

Now they are looking down the barrel of a $13k MSRP and no Demand. A potential $600k liability if it drops to MSRP or below.

No one wants to take $600k hit just to keep YOU feeling good about your $24k overhyped purchase.

The prices will slowly drop. Some pieces will be bought at relative deals "OH I got my white @ $21k!" . . . but those will quickly look like bad deals as 2 weeks later the same pieces are at 20..... people will begin to notice and go "F***!" I need to sell this White for $19.5 before I lose $8k more! ....

Here comes the wave of private sellers trying to cut their losses.

Bam, $18k, $17k, $16k.

Those who bought 3 at retail to make a "10k" profit each begin to panick, "OH NO! I'm Going to Lose money!"

Here come the $14k, $13k sales threads just to be out of it.

Next thing you know you have 200 units on Chrono24 for under $15k....

Not moving. There's no profit in the flip....

When there's no profit, the speculators stop buying, the AD's stock replenishes and no one is paying ABOVE MSRP anymore....

Then you're seeing DaytonaC's at Sub MSRP.

Now, you can pretend that Daytona prices are not flexible and that they will always stay inflated, but unless ROLEX adjusts the MSRP to $20k tomorrow (LOL), you're going to see a painful bubble burst for these greys. The winners will be the ones who discount FIRST as they will be seen as "GOOD DEALS" before the trend sets in.

Once there's blood in the water, it will be a feeding frenzy....

[EEpro]

Originally Posted by SN13

What happens when the panic selling starts is this:

The guys with 80 units at an average cost of $20k are F****D.

$1.6M cost (Good times (late 2019) upwards of $400k potential profit @$25k)....

Now they are looking down the barrel of a $13k MSRP and no Demand. A potential $600k liability if it drops to MSRP or below.

No one wants to take $600k hit just to keep YOU feeling good about your $24k overhyped purchase.

The prices will slowly drop. Some pieces will be bought at relative deals "OH I got my white @ $21k!" . . . but those will quickly look like bad deals as 2 weeks later the same pieces are at 20..... people will begin to notice and go "F***!" I need to sell this White for $19.5 before I lose $8k more! ....

Here comes the wave of private sellers trying to cut their losses.

Bam, $18k, $17k, $16k.

Those who bought 3 at retail to make a "10k" profit each begin to panick, "OH NO! I'm Going to Lose money!"

Here come the $14k, $13k sales threads just to be out of it.

Next thing you know you have 200 units on Chrono24 for under $15k....

Not moving. There's no profit in the flip....

When there's no profit, the speculators stop buying, the AD's stock replenishes and no one is paying ABOVE MSRP anymore....

Then you're seeing DaytonaC's at Sub MSRP.

Now, you can pretend that Daytona prices are not flexible and that they will always stay inflated, but unless ROLEX adjusts the MSRP to $20k tomorrow (LOL), you're going to see a painful bubble burst for these greys. The winners will be the ones who discount FIRST as they will be seen as "GOOD DEALS" before the trend sets in.

Once there's blood in the water, it will be a feeding frenzy....

You're too funny. You seem very emotional and concerned about Daytona owners. I haven't seen a single post on here where someone was worried about their "overhyped" Daytona going down in value except for ones by people like you.

I'd love to pick up a black dial at msrp. No concerns at all. Essentially every single retail item a person can buy drops by 40-50% in the resale market. Who cares? It's just a toy and a damn enjoyable one at that.

[lynchr311]

I was curious on what WF was listing at and their site still has exorbitantly high prices for the 116500ln!

https://www.watchfinder.com/search?q=116500

~30k USD across the board.. I'm surprised they're updating to the market at all.

As for me.. I have a white dial daytonaC that I have no plan on giving up whether it's worth 30k or 10k

[Patton250]

I would absolutely love to pick up a 116518LN. Even our very own trusted sellers are still above MSRP on this piece. I just don’t understand it. I’m sure I can get somewhat of a discount from my AD when they open back up but I would have expected PM pieces to go down first but it’s not the case.

[SN13]

Originally Posted by EEpro

You're too funny. You seem very emotional and concerned about Daytona owners. I haven't seen a single post on here where someone was worried about their "overhyped" Daytona going down in value except for ones by people like you.

I'd love to pick up a black dial at msrp. No concerns at all. Essentially every single retail item a person can buy drops by 40-50% in the resale market. Who cares? It's just a toy and a damn enjoyable one at that.

[3sheets86]

Originally Posted by SN13

Not true.

August 2019 - $29K white dials
Now - $21.5k White.

IDK what you're seeing but that sure looks like a $7.5k drop in asking price.

Check the FORUM Sales Section and get your head out of the sand.

Anyone who paid over $20k for a DaytonaC is about to be underwater on it.

BIG.

Sub $15k 2nd hand prices before end of year. Sub MSRP within 3 yrs.

My comment really related to Watchfinder UK who still have a couple of 2019 Daytona's listed at £24,950. They've been asking circa 25k for newish one's since the middle of last year so no change yet as far as I can see.

[SN13]

Originally Posted by 3sheets86

My comment really related to Watchfinder UK who still have a couple of 2019 Daytona's listed at £24,950. They've been asking circa 25k for newish one's since the middle of last year so no change yet as far as I can see.

Ah ok. I don't follow WF's pricing. So you may be correct.

But I do watch the TRF Dealer's pricing and it's not holding at Summer 2019 prices.

[Solo118]

Originally Posted by Patton250

I would absolutely love to pick up a 116518LN. Even our very own trusted sellers are still above MSRP on this piece. I just don’t understand it. I’m sure I can get somewhat of a discount from my AD when they open back up but I would have expected PM pieces to go down first but it’s not the case.

The prices you see at Grey can definitely be negotiated (within reason) and always have been. Just ask your TD if they can do something with the number you had in mind. Worst that happens is they say no.

[garyk]

Originally Posted by Roli4life

Can a new sub forum be created for those who are NOT Rolex enthusiasts, but “ investors’’ and angry wishful thinkers

Call it the dreamers, and speculators forum.

I'm definitely an enthusiast in my watches but I would hate to be the only person paying retail if things had dropped like the post indicated. Plus I've been waiting for this watch for a very long time and the last price increase took me by surprise. It would be nice if it came in and there was a slight discount but retail will work too as I've already figured that in.

[Wahlberg]

Originally Posted by lynchr311

I was curious on what WF was listing at and their site still has exorbitantly high prices for the 116500ln!

https://www.watchfinder.com/search?q=116500

~30k USD across the board.. I'm surprised they're updating to the market at all.

As for me.. I have a white dial daytonaC that I have no plan on giving up whether it's worth 30k or 10k

Those prices aren't even realistic.

[3sheets86]

Originally Posted by SN13

Ah ok. I don't follow WF's pricing. So you may be correct.

But I do watch the TRF Dealer's pricing and it's not holding at Summer 2019 prices.

Oh, I tend not to look at forum sales pages as generally anything I’d like to buy is overseas which puts me off due to import taxes etc. I really only follow the UK market.

[JRique]

Originally Posted by SN13

What happens when the panic selling starts is this:

The guys with 80 units at an average cost of $20k are F****D.

$1.6M cost (Good times (late 2019) upwards of $400k potential profit @$25k)....

Now they are looking down the barrel of a $13k MSRP and no Demand. A potential $600k liability if it drops to MSRP or below.

No one wants to take $600k hit just to keep YOU feeling good about your $24k overhyped purchase.

The prices will slowly drop. Some pieces will be bought at relative deals "OH I got my white @ $21k!" . . . but those will quickly look like bad deals as 2 weeks later the same pieces are at 20..... people will begin to notice and go "F***!" I need to sell this White for $19.5 before I lose $8k more! ....

Here comes the wave of private sellers trying to cut their losses.

Bam, $18k, $17k, $16k.

Those who bought 3 at retail to make a "10k" profit each begin to panick, "OH NO! I'm Going to Lose money!"

Here come the $14k, $13k sales threads just to be out of it.

Next thing you know you have 200 units on Chrono24 for under $15k....

Not moving. There's no profit in the flip....

When there's no profit, the speculators stop buying, the AD's stock replenishes and no one is paying ABOVE MSRP anymore....

Then you're seeing DaytonaC's at Sub MSRP.

Now, you can pretend that Daytona prices are not flexible and that they will always stay inflated, but unless ROLEX adjusts the MSRP to $20k tomorrow (LOL), you're going to see a painful bubble burst for these greys. The winners will be the ones who discount FIRST as they will be seen as "GOOD DEALS" before the trend sets in.

Once there's blood in the water, it will be a feeding frenzy....

Well said...

[cdubg21]

Originally Posted by RHIII

^^^^^ This

PLEASE - this is all garbage


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Don’t know who you are, or care quite frankly, by why click into threads with a very self explanatory title and then lament about he topic? Too much time on your hands?

[cdubg21]

Originally Posted by SN13

What happens when the panic selling starts is this:

The guys with 80 units at an average cost of $20k are F****D.

$1.6M cost (Good times (late 2019) upwards of $400k potential profit @$25k)....

Now they are looking down the barrel of a $13k MSRP and no Demand. A potential $600k liability if it drops to MSRP or below.

No one wants to take $600k hit just to keep YOU feeling good about your $24k overhyped purchase.

The prices will slowly drop. Some pieces will be bought at relative deals "OH I got my white @ $21k!" . . . but those will quickly look like bad deals as 2 weeks later the same pieces are at 20..... people will begin to notice and go "F***!" I need to sell this White for $19.5 before I lose $8k more! ....

Here comes the wave of private sellers trying to cut their losses.

Bam, $18k, $17k, $16k.

Those who bought 3 at retail to make a "10k" profit each begin to panick, "OH NO! I'm Going to Lose money!"

Here come the $14k, $13k sales threads just to be out of it.

Next thing you know you have 200 units on Chrono24 for under $15k....

Not moving. There's no profit in the flip....

When there's no profit, the speculators stop buying, the AD's stock replenishes and no one is paying ABOVE MSRP anymore....

Then you're seeing DaytonaC's at Sub MSRP.

Now, you can pretend that Daytona prices are not flexible and that they will always stay inflated, but unless ROLEX adjusts the MSRP to $20k tomorrow (LOL), you're going to see a painful bubble burst for these greys. The winners will be the ones who discount FIRST as they will be seen as "GOOD DEALS" before the trend sets in.

Once there's blood in the water, it will be a feeding frenzy....

Spot on...

[Dr H A]

Originally Posted by JRique

Well said...

Absolutely perfect!!!