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#1 |
"TRF" Member
Join Date: Oct 2018
Location: Earth
Posts: 2,303
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SS Panda Daytona-C Hits 50k!
So, that time has come -- UNWORN 2021 OR NEWER new card partially or fully stickered stainless steel white "panda" ceramic Daytona 500LN have hit $50,000.00.
In the last couple of weeks, this particular piece, along with a few others, have really shot up in price -- both for greys having to pay higher "replacement costs" and end buyers. Some sellers have ran through their inventory, and some others have pulled back to see the watch go up and up in value, as they wait to relist to not miss out on profit from the new market price. Going up and up every single day!! ![]() ![]() ![]() ![]() |
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#2 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2012
Real Name: Anthony
Location: Triad
Watch: Me go broke!!!!
Posts: 4,035
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Owning a black 500 and other Daytonas even I say this is just bonkers. Sooooo not worth these prices which has been discussed ad nauseam here on TRF but 50k plus? Really??
Granted I am on the next one that comes in list for a 116505 or 116515 ![]()
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#3 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2013
Real Name: Danny
Location: Bay Area CA
Watch: Yellow Gold
Posts: 20,172
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This is just discontinuation speculation …mostly dealers buying
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#4 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2012
Real Name: Anthony
Location: Triad
Watch: Me go broke!!!!
Posts: 4,035
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Spot on as usual Danny IMO.
The market is ALWAYS bonkers when new releases are around the corner plus Rolex with the new price increase. Too many models to list that went crazy for a little while then as always the market settled.
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#5 |
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Join Date: Jun 2020
Location: USA
Posts: 3,017
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Typical daily uneducated Chrono24 listing thread.
Current market price is still under $45K. |
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#6 |
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#7 |
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Watchrecon is like 37 used
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#8 |
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#9 |
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#10 |
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Location: New Jersey, USA
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Sweet. Mine is still stickered. Then again it does not matter, I'm not selling.
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#11 |
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#12 |
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#13 |
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#14 |
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#15 |
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#16 |
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#17 |
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#18 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2012
Real Name: Anthony
Location: Triad
Watch: Me go broke!!!!
Posts: 4,035
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Yeah even without discontinue speculation and the market is dry and blah blah sellers can list/ask for any amount they chose.
Getting it is a different situation. Are they? Who knows
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#19 |
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Join Date: Oct 2017
Location: nyc
Posts: 6,356
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i believe chrono has high fees so prices reflect that and also most don't actually have the watch in their possession so they're basically fishing for higher prices
i remember the same thing happened this time last year too with the green dial daytona. it went from like 60 to 90k in a few months on speculation of new releases |
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#20 | |
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Join Date: Oct 2018
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Quote:
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#21 | |
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Quote:
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#22 |
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Join Date: Jun 2020
Location: USA
Posts: 3,017
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I generally love your posts, brother... and I have no doubt the 116500 will/could hit $50K in a few weeks, $60K in a few months, and maybe even $75K this year.
But let’s not point to nonsense listings on C24 to indicate current market price. ![]() |
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#23 | |
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Join Date: Oct 2018
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Quote:
But I don't think it's nonsense. I assure you that I search and think long and hard before creating a post and Chrono24 listings are not the begining or the end all for me. Agreed -- C24 should NEVER be the sole basis of market assessment for a particular piece. I give you that. |
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#24 |
2024 ROLEX DATEJUST41 Pledge Member
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Market is market, but so many better options at $50k.
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#25 |
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Real Name: James
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Nonsense
Sent from my SM-N986B using Tapatalk
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Stay Cool J-T-J ![]() |
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#26 |
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#27 |
"TRF" Member
Join Date: Feb 2018
Real Name: Roger Lococco
Location: Asia
Watch: 126719BLRO Pepsi
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Like a nice car Sent from my iPhone using Tapatalk
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116500 Daytona White Dial 126710BLNR GMT II 126719BLRO Blue Dial Pepsi GMT II |
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#28 |
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Join Date: Feb 2021
Location: MD/NC
Watch: 114060
Posts: 2,591
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Is this price going to become the new norm?
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#29 |
2024 Pledge Member
Join Date: Jan 2013
Location: Miami
Watch: me lose count.
Posts: 5,568
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I’m going to submit a contrarian view, even though it pains me to do so.
The 5711 and AP Chrono ST’s are also completely bonkers. In broader terms based upon perceived secondary market value of the Daytona (yes I’m going to say it) would mean that it’s UNDERVALUED at 44k’ish. One must take a macro view of the madness, instead of singling out the Daytona. It’s probably the only way to insert any rationale into this aberration we call the current luxury watch market. Do I agree with it? Hell no. Is it however a reality, well yes. Rejecting the existence of fact based upon historical beliefs is a sign of insanity, and to that I cannot subscribe (for obvious reasons)
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♛ 116689 ♛ 116500LN Blk ♛ 116500LN Wht ♛ Sky Dweller 326934-003 ♛ 126710BLNR ♛ 126710BLRO - ♛ 126610LV ♛ 16520 ♛ 16523 ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1A-001 - AP 26331ST Panda - Panerai Fiddy 127, Bronzo 671, 687, 111, Ω Speedmaster 1957 Broad Arrow, Daniel Roth Endurer Chronosprint, Cartier Santos XL - ✿ Tudor Black Bay 58 Bronze M79012M, Montblanc TimeWalker Chrono 41 |
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#30 |
"TRF" Member
Join Date: Aug 2019
Real Name: Martin
Location: England
Watch: 124060 Submariner
Posts: 2,871
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$50k+ for a SS Daytona, the world is mad mad mad.
Still the hopeful character selling the watch has still to find a fool to buy it, maybe some common sense will appear and the watch remain unsold. Somehow I think I will be proved wrong and the fool will be found, I wonder how they would feel if the bubble on this over-hyped and over-priced watch burst just hours after they spent their hard earned cash on this trinket. $50k for a Daytona, madness, utter madness.
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Martin Small Rolex, Omega, Seiko and Oris Collection |
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