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18 June 2021, 01:50 AM | #31 | |
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Quote:
If you were in the market right now for a Meteorite Daytona on OF, and your AD offered you one immediately but at a $500 premium to jump the five year queue, would you do it? Sent from my iPhone using Tapatalk
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18 June 2021, 01:53 AM | #32 |
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You are only over paying in the since that you didn't buy years ago. The price is the price, you pay what they are selling for no matter what the item is (if you want it bad enough). The odds are the prices aren't going to come down, so the longer you wait, the more you "over pay". If we compare current prices to past prices, we over pay for just about everything we buy. Granted, Rolex stainless sports watches are in a class of their own in this category, LOL. The "won't pay over msrp" idea isn't a valid argument, in my opinion, as there is no msrp for a discontinued product whether it be a watch, car, etc.
If you can afford it and it makes you happy, buy what you want. |
18 June 2021, 01:53 AM | #33 |
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Out of curiosity, are you looking for the original BLNR because:
1. Still less expensive than current model? 2. Prefer the older case style? 3. Prefer the older calibre inside? I ask, as I said, largely out of curiosity, but answering might help with figuring out the "if" and "when" of such a purchase. |
18 June 2021, 01:57 AM | #34 |
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Dealing with the same issue now in regards to buying a 116233/4. Was in between one and a sub 4 years ago and bought the sub. Now I want the older datejust but the used prices are higher than the retail was even though it’s discontinued. In grappling with the tension between being happy (the yolo approach) and the anxiety of always feeling like I overpaid, I think the most important thing is to just get the exact model you want in the exact condition it should be in. If you settle for the watch and overpay but it’s in mediocre condition, you will likely always remember the overpay. If you buy the watch in great condition and it’s the exact configuration you want, the premium you pay to get it now will be worth it in the long run.
One more point to consider with discontinued models: the longer you wait, the harder it is to find exactly what you want in the condition you want it. In sum, it probably makes sense to pay the premium, but get exactly what you want and only that. Nothing less. |
18 June 2021, 01:59 AM | #35 |
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#1
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18 June 2021, 02:00 AM | #36 |
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For me is #2. Not paying silly prices on hype watches selling at 2-3X retail prices.
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18 June 2021, 02:00 AM | #37 |
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I would tell your story, in person, to an AD. The BLNRs are not as hard to get vs Daytona, Pepsi, green sub. Worth the wait and you will never have to question your decision once you get it.
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18 June 2021, 02:12 AM | #38 | |
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Quote:
$500 to jump a 5 year queue? Yes. No question. Have to reasonable. $3X,000 for a 116500? No way... |
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18 June 2021, 02:21 AM | #39 |
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Can you afford it if it loses 50% within the next 2 years?
Are you mentally 'OK' with that potentially happening? Is the watch really 'that' important for you to own? You at least need a yes on the first two. |
18 June 2021, 02:41 AM | #40 |
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It depends on how much more over the latest retail price we're talking. Is it a few thousands or tens of thousands? I'd be ok with the former, not with the latter unless I'm a multi-millionnaire.
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18 June 2021, 02:44 AM | #41 |
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if you have doubt, just dont buy it.
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18 June 2021, 02:56 AM | #42 |
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Try not to consider it 'overpaying'.
You would just be paying the current price. We should have all bought 10 x 1675's all those years ago for £200 a pop, but we didn't, at least I didn't. We should have all bought a sackful of gold at £200 per oz in the 70's, but... Get the best deal you can, and enjoy your watch. Good luck in finding your hearts desire. |
18 June 2021, 02:58 AM | #43 |
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It's not really a matter of YOLO, but economics. When it comes to a discontinued, desirable Rolex or any tangible goods for that matter, you can't apply the logic of paying MSRP from the past, current production. As long as you pay competitive market price today, you'll be fine. In your case, whatever you pay now, is what it's worth now and at worst break-even, but likely more in the future. This of course doesn't apply to things that depreciate, but we know this doesn't apply to Rolex, air-cooled 911's, etc.. Bottomline, buy now, or you'll be posting the same question 5 years kicking yourself for not buying in 2021 ;)
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18 June 2021, 03:01 AM | #44 |
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I would reconsider how you view what you are paying for the watch. If you are buying the watch today at market price, then you aren't really overpaying even though the market price is above the original MSRP.
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18 June 2021, 03:01 AM | #45 |
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I paid a small fortune for an as-new 16610. Don’t care. It’s what I wanted. I didn’t want a 6-digit so anything I paid for a 6-digit would be overpaid.
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18 June 2021, 03:07 AM | #46 |
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My first SS SkyDweller Blue dial I buy from grey after one year ago I refuse one in AD because it was not black))))))
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18 June 2021, 03:07 AM | #47 |
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If prices continue to rise then you haven’t overpaid you just paid more that what the retail price was.
However, if the Rolex bubble should burst at some point in the future, history suggests that these bubbles do burst at some point, then you could be left with a perfectly good watch but worth less than what you paid for it. Over to you OP, it’s your call.
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18 June 2021, 03:14 AM | #48 |
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As it is discontinued, it no longer has a MSRP. You 're no overpaying, but paying a fine for buying it so late. Desidered objects are not cheap nor expensive. Just buy it, is a fantastic watch. Good luck!
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18 June 2021, 03:21 AM | #49 |
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A combination of 1 + you can justify to yourself that the watch value will keep increasing in the future. So, really, the best time to get it was yesterday. The next best time is now.
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18 June 2021, 03:25 AM | #50 | |
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Wearing an overpaid watch
Quote:
Very fair. Lots of folk make the statement that they’d never pay over retail, but that’s a very different statement to saying they’d never pay top dollar grey prices. I’d happily pay over retail, but it depends how much relative to my financial position. For instance, I’ve paid £1,000 for a World Cup Final ticket with a face value of £200, so a x4 uplift. No problem, £800 didn’t seem like a big deal. But a x4 uplift on a watch, no thanks. Not because of ‘value for money’, but because I’m not in the wealth bracket that could stomach that. Sent from my iPhone using Tapatalk
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Time is limited, make every second count. Patek Philippe Nautilus 5990 - AP Royal Oak 15300 - AP Royal Oak 15450 Blue - AP Royal Oak 15450 Silver - AP Royal Oak Offshore 26480 - Royal Oak Offshore 15710 - Rolex Sea Dweller 116600 - Rolex Daytona 116519 - Rolex GMT 126710 BLRO - Omega Speedmaster Reduced - JLC Reverso GMT Moonphase - TAG Microtimer - Dent Pocket Watch - JLC Atmos Phases de lune |
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18 June 2021, 03:27 AM | #51 |
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This right here. YOLO
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18 June 2021, 03:35 AM | #52 | |
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Quote:
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18 June 2021, 03:47 AM | #53 |
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It’s a philosophical question really. That said, the street value of the average stainless steel Rolex is absurd and they are no way worth twice their MSRP. From a horological point of view, you are openly putting a high premium for the name on the dial. It really is starting to creep in as a negative stereotype for certain Rolex models. Overpriced and over hype has become their identity.
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18 June 2021, 03:49 AM | #54 |
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Why not just get the new iteration with updated movement from an AD???
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18 June 2021, 03:54 AM | #55 |
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Not sure asking a bunch of random internet people is the way to go on this. To be honest only you can make a call on what that value is worth to you.
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18 June 2021, 03:57 AM | #56 |
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I run a business. Sometimes shit happens, blown turbo, busted oil pans, whatever. Thousands gone. I just pretend another thing blew up and try to bury the cost in the next contract.
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18 June 2021, 04:12 AM | #57 |
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Are you being facetious or admitting to fraud on the internet?
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18 June 2021, 04:13 AM | #58 |
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It’s only overpaid if you feel you over paid. Paying market price isn’t really over paying, paying retail price is under paying is how I look at it.
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18 June 2021, 04:21 AM | #59 |
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It’s hard to justify a luxury item.
(Unless it’s a specialty rolex/pp/ap/fpj bought at msrp that can be sold for a profit, that is) |
18 June 2021, 04:21 AM | #60 |
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