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Old 18 June 2021, 01:50 AM   #31
Token74
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Quote:
Originally Posted by al503 View Post
Two competing thoughts for me:
1. I won't pay over MSRP for a Rolex.
2. I've never really thought about/regretted what I paid for something that I truly love.

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?


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Old 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.
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Old 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.
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Old 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.
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Old 18 June 2021, 01:59 AM   #35
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Old 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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Old 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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Old 18 June 2021, 02:12 AM   #38
al503
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Quote:
Originally Posted by Token74 View Post
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?
It just so happens that I am on the list at my AD for that exact Daytona, lol.

$500 to jump a 5 year queue? Yes. No question. Have to reasonable. $3X,000 for a 116500? No way...
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Old 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.
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Old 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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Old 18 June 2021, 02:44 AM   #41
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if you have doubt, just dont buy it.
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Old 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.
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Old 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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Old 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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Old 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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Old 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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Old 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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Old 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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Old 18 June 2021, 03:21 AM   #49
ervelo
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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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Old 18 June 2021, 03:25 AM   #50
Token74
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Wearing an overpaid watch

Quote:
Originally Posted by al503 View Post
It just so happens that I am on the list at my AD for that exact Daytona, lol.

$500 to jump a 5 year queue? Yes. No question. Have to reasonable. $3X,000 for a 116500? No way...

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.


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Old 18 June 2021, 03:27 AM   #51
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Quote:
Originally Posted by HHIslander View Post
Since it's discontinued and there's no chance of buying it at MSRP, then YOLO. You really have no choice. Buy it and enjoy it! I did it with a 16710 a few years ago, no regrets at all.

If it was a current piece, different answer.

What are you looking at?
This right here. YOLO
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Old 18 June 2021, 03:35 AM   #52
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Ok here is the deal. I wanna get a discontinued Rolex watch and the only way to get it is to pay way over original retail from just a few years ago. I can afford it. But my question is how do I justify that I am overpaying.

Do I tell myself:

1) you only live once. Pay up and enjoy the watch

Or

2) it’s financially a dumb move regardless if I can afford it or not. Will I be constantly reminded of the silly financial move every time I look at the watch


Happy to hear your experience. Anyone regret over paying? Thanks.


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Literally every time I've "overpaid" for a watch, I can look down at the watch, then check watchrecon and see it's trading for more, if not MUCH more than I paid. Just buy the watch you want for a fair market price and never look back.
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Old 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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Old 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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Old 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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Old 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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Old 18 June 2021, 04:12 AM   #57
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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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Are you being facetious or admitting to fraud on the internet?
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Old 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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Old 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)
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Old 18 June 2021, 04:21 AM   #60
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The $$$ goes on your wrist now, or to the nursing home later. You have the power to choose.
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