New SS Daytonas are in the mid $30k??? Insane!

[Tensai]

Daytona haters...thou dost protest too much.

[Goin2drt]

Originally Posted by Bryan81

I never understood the hysteria. The Daytona is in the bottom half of Rolex models I would like to own. Obviously, I’m in the minority, though, based on the second hand prices you see.

Glad you’re enjoying yours!


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Same here. The second my AD calls, if they ever call because I am sure they are all going out the back door, mine will be flipped. This is nuts and plain and simple that watch isn’t worth $30k+ to me so I will flip mine for dumb money.

[Me4u2night]

Originally Posted by JacksonRain

Yeah...you're definitely wrong

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Agree here. They may not be worth 30K, but they’ll def sell at those prices. Unfortunately, I don’t see those prices dropping.


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[sgwatchguy]

Originally Posted by Tensai

Daytona haters...thou dost protest too much.

[Token74]

As always, a thoroughly laughable read!

For anyone that believes the 116500 is the most overhyped Rolex, suggest you take a look at the 6263. Technically an inferior watch, selling for twice what the 116500 is selling for.

If people really want to bash on about overhyped watches, let’s chat vintage shall we? Especially the ones with blemishes, sorry, patina!

Let’s be frank, this is not about hype, it’s about snobbery. The 116500 is worn/promoted by celebrities on social media, how dare they! They aren’t WIS, and anyone buying one just wants to show how wealthy or connected they are. Shameful. The 6263 though is worn by WIS and discussed intelligently on forums, this is much more acceptable as they are good people. Jeeez.

It’s the same for the folk that claim Rolex is now just about money, and look fondly on the time 30 years ago when Rolex was affordable, not a show of wealth, and were real tool watches. What total nonsense!!!

The reason Rolex is so popular today, is because those of us growing up 30 years ago saw Rolex as a sign of success, we’ve spent our lives aspiring to one. They certainly weren’t affordable, for most growing up in the UK in the 70’s and 80’s, paying tv rental was a stretch, as was putting food on the table! And the tool watch thing, again, what nonsense. They are better quality and therefore better tool watches now (in the main), it’s just that technology advancement means there are now better options.

So nothing has really changed. This forum i suspect has changed as it was probably an agenda for genuine watch enthusiasts back in the day, whereas now forums are frequent by people with all sorts of motives. But this change is not necessarily representative of the real world.

I don’t have a 116500 and I’d love a vintage watch, so no axe to grind, but what a load of nonsense.


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[beshannon]

The house up the street from me went on a 9 day bidding war and the price went up by 100K.

Not sure watches even matter

[fgress3969]

Originally Posted by Bryan81

I never understood the hysteria. The Daytona is in the bottom half of Rolex models I would like to own. Obviously, I’m in the minority, though, based on the second hand prices you see.

Glad you’re enjoying yours!


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[Marcjvr]

I’ll be honest. If I had a Daytona I bought at MSRP I would sell it without hesitation if I could get 30k for it. Would buy a sub with the profits and pocket the change.

It’s still just a watch and the message from Rolex themselves is “don’t pay a cent over $13,150 + tax for this”

I like the Daytona a lot. But if fools want to pay more than double for it then let them I say

[tkdgod]

If I got one at MSRP I would have sold it by now. It way over hyped and I’ll take the profits and buy the white gold blue Daytona which I think is way better.

[peterpl]

Originally Posted by rolexgiants

And there it is! One of the best posts on TRF! My grandfather once told me... some people deal in pennies, and others in DOLLARS! LOL.

Originally Posted by beshannon

The house up the street from me went on a 9 day bidding war and the price went up by 100K.

Not sure watches even matter

Yep. People get worked up so much over $5k or $10k increase in a watch. I find that is purely laughable when you could sell out of a watch, buy real estate and what I am seeing is RE these days is increasing probably at a rate of $10k-20k every 2 weeks or so in the markets I'm looking at which are the bottom end of the market. The higher end places are increasing at a rate of > $50k per month!!!! PER MONTH!!!!

If people are REALLY in this game to make $$$ well they should be cashing out and putting into other investment classes. Who cares about $10k over 6-12 months when you can grow your net worth by $50k every single month.

I was reading several sources and they all say the USA, UK, Canada, Australia, Singapore pretty much all the major cities Real Estate is going bonkers.

Seriously I don't know why anyone is playing the watch game. The money we are talking is tiny tiny money especially when your talking about a single SS watch. You'd need to be dealing in huge volume for it to even matter

[cbalster]

Lots of people buying them, but less are really wearing them. Safe queens. Just the other day I played golf with a pal who isn't into watches. He told me he bought a two Daytonas and put them in his safe for his two sons. They're 8 and 10. Thanks Dad!

[IamJacky]

Originally Posted by Token74

As always, a thoroughly laughable read!

For anyone that believes the 116500 is the most overhyped Rolex, suggest you take a look at the 6263. Technically an inferior watch, selling for twice what the 116500 is selling for.

If people really want to bash on about overhyped watches, let’s chat vintage shall we? Especially the ones with blemishes, sorry, patina!

Let’s be frank, this is not about hype, it’s about snobbery. The 116500 is worn/promoted by celebrities on social media, how dare they! They aren’t WIS, and anyone buying one just wants to show how wealthy or connected they are. Shameful. The 6263 though is worn by WIS and discussed intelligently on forums, this is much more acceptable as they are good people. Jeeez.

It’s the same for the folk that claim Rolex is now just about money, and look fondly on the time 30 years ago when Rolex was affordable, not a show of wealth, and were real tool watches. What total nonsense!!!

The reason Rolex is so popular today, is because those of us growing up 30 years ago saw Rolex as a sign of success, we’ve spent our lives aspiring to one. They certainly weren’t affordable, for most growing up in the UK in the 70’s and 80’s, paying tv rental was a stretch, as was putting food on the table! And the tool watch thing, again, what nonsense. They are better quality and therefore better tool watches now (in the main), it’s just that technology advancement means there are now better options.

So nothing has really changed. This forum i suspect has changed as it was probably an agenda for genuine watch enthusiasts back in the day, whereas now forums are frequent by people with all sorts of motives. But this change is not necessarily representative of the real world.

I don’t have a 116500 and I’d love a vintage watch, so no axe to grind, but what a load of nonsense.


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Interesting that you brought up 6263.

My story of buying a 116500LN was all because of 6263. It was back in 2014 when I first joined this forum and I've had my first Rolex (116300 DJII) for 2 years, I was thinking about acquiring a second Rolex. At that time the 6263 (pictured below) really caught my eye and I just found it aesthetically beautiful. But back then it was going for around $35-40K, which was way too much for me, yet at the time none of the modern Daytona spoke to me at all.



Then lo and behold in 2016 the 116500LN came out, and I just found it so strikingly resembles the 6263; on top of that it's got all of the modern upgrades. It ain't the original but it's definitely the closest thing there is. Without a second thought it instantly became a must-have for me. It was also then I was first schooled in the "waiting list" & "bundle" culture. Went straight to the grey and got it.



For me, the modern 126710BLRO works in similar way; it's just an iconic, classic Rolex design that is reintroduced with all the modern Rolex specifications, and for the same reason a must-have for me.

[EEpro]

Originally Posted by peterpl

Everything is going up not just watches.

Real Estate is going bonkers. I went to auction on the weekend in Sydney and that house sold for $500k ABOVE reserve. WTF that is INSANE.

Dont worry about a $5k-$10k increase in watches. I'm thinking about dumping ALL of my watches and buying another 3-4 houses. Banks predicting 10-15% increases in 2021 and 2022 with a more subdued 7-8% in 2023. Imagine that compounded each year. THAT could be a life changing amount of money. You can buy as many and whatever Rolex you want.

Dont worry about a Rolex watch price increases. No matter how much they increase even if its $60k is not enough to change anyone's life. LOL

Even better the banks are willing to let you buy with leverage (20% cash to control 100% movement on the underlying asset). Seems too good to be true.

[prescience6631]

Originally Posted by broham84

They can ask what they want, these watches are definitely not moving at above 30k nor are they worth it.

2 White dial daytonas listed on DavidSW literally sold within days at 33.5k and 34.5k respectively, the former 1ish years old, the latter unworn.

They are definitely moving and by moving I mean sprinting ala Usain Bolt.

[EEpro]

Originally Posted by 1995akcoop

Lets be real. Current Daytonas aren’t gonna be worth 30k + years from now. Wishful thinking.

You're right. White dial be worth north of $40,000. And it will happen in 2021.

[Benzsiam]

It isn't only SS Daytona that has gone up, all PM models have gone up too.

All AP and PP sport models have gone up very fast too.

It seems like the market price of these timepieces tie with the stock market, correction is coming soon.

[EEpro]

Originally Posted by Benzsiam

It isn't only SS Daytona that has gone up, all PM models have gone up too.

All AP and PP sport models have gone up very fast too.

It seems like the market price of these timepieces tie with the stock market, correction is coming soon.

I hope so but not necessarily. The economy coming out of lockdowns coupled with massive stimulus could go full Weimar sending values to the moon when priced in worthless dollars.

Bank of America CIO had a good write up about this recently though they refrained from using the W word.

[brandrea]

It’s worth what people are willing to pay for it.

[brucethemanlee]

Originally Posted by EEpro

You're right. White dial be worth north of $40,000. And it will happen in 2021.

Agreed - I think at this rate the white dial Daytona could be >$40k by the end of the year. But who really knows.

Although crazy , I can see a silly scenario where by 2023 it could be $50k. Given the 60th anniversary of the Daytona in 2023, I'm sure there will be massive speculation on:

• hype for anniversary year
• maybe new model / new design
• discontinuation of 116500 (even though at that time 116500 will have been in production for only 7 years)

Personally, I don't see high probability of new model or discontinuation of current model, but I am sure the speculation will be there without fail.

We will probably get new Platona/PM in 2023 for 60th bday though.

Personally, I think many watches are over-valued (Rolex, AP, Patek) and I couldn't really care too much either way where the market lands. These are really just big boy toys to pass the time (no pun intended)

[sgwatchguy]

Originally Posted by Token74

As always, a thoroughly laughable read!

For anyone that believes the 116500 is the most overhyped Rolex, suggest you take a look at the 6263. Technically an inferior watch, selling for twice what the 116500 is selling for.

If people really want to bash on about overhyped watches, let’s chat vintage shall we? Especially the ones with blemishes, sorry, patina!

Let’s be frank, this is not about hype, it’s about snobbery. The 116500 is worn/promoted by celebrities on social media, how dare they! They aren’t WIS, and anyone buying one just wants to show how wealthy or connected they are. Shameful. The 6263 though is worn by WIS and discussed intelligently on forums, this is much more acceptable as they are good people. Jeeez.

It’s the same for the folk that claim Rolex is now just about money, and look fondly on the time 30 years ago when Rolex was affordable, not a show of wealth, and were real tool watches. What total nonsense!!!

The reason Rolex is so popular today, is because those of us growing up 30 years ago saw Rolex as a sign of success, we’ve spent our lives aspiring to one. They certainly weren’t affordable, for most growing up in the UK in the 70’s and 80’s, paying tv rental was a stretch, as was putting food on the table! And the tool watch thing, again, what nonsense. They are better quality and therefore better tool watches now (in the main), it’s just that technology advancement means there are now better options.

So nothing has really changed. This forum i suspect has changed as it was probably an agenda for genuine watch enthusiasts back in the day, whereas now forums are frequent by people with all sorts of motives. But this change is not necessarily representative of the real world.

I don’t have a 116500 and I’d love a vintage watch, so no axe to grind, but what a load of nonsense.


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Best post on this thread

[1665fan]

There’s a few on eBay for 50k.......

[2nastie]

Originally Posted by Token74

As always, a thoroughly laughable read!

For anyone that believes the 116500 is the most overhyped Rolex, suggest you take a look at the 6263. Technically an inferior watch, selling for twice what the 116500 is selling for.

If people really want to bash on about overhyped watches, let’s chat vintage shall we? Especially the ones with blemishes, sorry, patina!

Let’s be frank, this is not about hype, it’s about snobbery. The 116500 is worn/promoted by celebrities on social media, how dare they! They aren’t WIS, and anyone buying one just wants to show how wealthy or connected they are. Shameful. The 6263 though is worn by WIS and discussed intelligently on forums, this is much more acceptable as they are good people. Jeeez.

It’s the same for the folk that claim Rolex is now just about money, and look fondly on the time 30 years ago when Rolex was affordable, not a show of wealth, and were real tool watches. What total nonsense!!!

The reason Rolex is so popular today, is because those of us growing up 30 years ago saw Rolex as a sign of success, we’ve spent our lives aspiring to one. They certainly weren’t affordable, for most growing up in the UK in the 70’s and 80’s, paying tv rental was a stretch, as was putting food on the table! And the tool watch thing, again, what nonsense. They are better quality and therefore better tool watches now (in the main), it’s just that technology advancement means there are now better options.

So nothing has really changed. This forum i suspect has changed as it was probably an agenda for genuine watch enthusiasts back in the day, whereas now forums are frequent by people with all sorts of motives. But this change is not necessarily representative of the real world.

I don’t have a 116500 and I’d love a vintage watch, so no axe to grind, but what a load of nonsense.


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Reading your post

I started at:

To:

Follow by:

100% agree with your post.

[RJRJRJ]

Originally Posted by Goin2drt

Same here. The second my AD calls, if they ever call because I am sure they are all going out the back door, mine will be flipped. This is nuts and plain and simple that watch isn’t worth $30k+ to me so I will flip mine for dumb money.

If it's not worth 30k, you'll certainly be flipping it for what you think it's actually worth, right?

[prescience6631]

Originally Posted by RJRJRJ

If it's not worth 30k, you'll certainly be flipping it for what you think it's actually worth, right?

I understand your point but we all know sale price = Max(What you think it's worth, What you can get for it)

[nr1416]

Picking up a 116520 in the low 20s seems like a steal now.

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[1665fan]

Originally Posted by nr1416

Picking up a 116520 in the low 20s seems like a steal now.

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It is a steal.....the ceramic is no better than the 116500

[HMHM]

6263 Big Red (black dial) is a grail watch of mine which is why I got the black dial 116500LN. But at that price point I would rather get a brand new 5172G and call it a day. If I were to ever get a 6263 Big Red the moment it leaves the shop the value will probably drop by 20k because it’s going back to Rolex for a full servicing and probably a service dial to give it a brand new feel.

[Robf52]

It's on my wish list with AD. Secondary market prices are nuts. I'm only willing to pay msrp.

[Goin2drt]

Originally Posted by RJRJRJ

If it's not worth 30k, you'll certainly be flipping it for what you think it's actually worth, right?

Correct. Flipping it for whatever some insane person will pay.

[WimbledonMaster]

Makes me want to hold tight to my Daytona!