4 digit Daytona market cooled down?

[Wahlberg]

Has anyone heard something about this? I spoke to a dealer recently and he said it was a bit slow.

I feel like overall the vintage market has been slower than the past few years, less special pieces, less movement, less anything? Or I have to be mistaken.

[mattedialdoc]

No


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[roh123]

Depends on who you ask. ;)

Imho the Daytona market peaked just before the Phillips Daytona Ultimatum auction.

[Wahlberg]

Originally Posted by mattedialdoc

No


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Based on? I've been looking at ads online (all kinds of models), I see a lot of pieces sitting. Not everything moves as fast as before.

[theflywrist]

Originally Posted by roh123

Depends on who you ask. ;)

Imho the Daytona market peaked just before the Phillips Daytona Ultimatum auction.

Think so too re the Daytona market. A correction had to happen, which is excellent.

It is very obvious IMO the vintage market has slowed down drastically.
1 or 2 years ago watches would not sit as long as they currently do. Not just quality watches that would move faster, but also mediocre examples, inserts would sell quicker etc etc etc.

I'm not going to argue with anyone if they think otherwise though, or point to the direction of the watches I am referring to yada yada. This is just my opinion on what I'm seeing, though I must say, many other collectors I know share the same feeling.

[exador]

Originally Posted by mattedialdoc

No

Apparently you’re firmly in the “Denial” phase...

[springer]

Yeah, it's a little slow out there; whether it is new watches, old watches, vintage watches, classic watches and yes, even Daytonas, new, used or vintage, it's a little slow.

So, now that everyone knows what's going on in the market, what's the point? Spend, spend, spend...or retreat more?

[JParm]

If this is true, it's good for people like me!

[roh123]

Originally Posted by springer

Yeah, it's a little slow out there; whether it is new watches, old watches, vintage watches, classic watches and yes, even Daytonas, new, used or vintage, it's a little slow.

So, now that everyone knows what's going on in the market, what's the point? Spend, spend, spend...or retreat more?

Collectors keep, speculators sell and dealers deal? I think the market will be shaky for quite some time. Slow for most.

I still think Daytonas have corrected more than other models. It held a lot of air for a while.

[mattedialdoc]

Originally Posted by exador

Apparently you’re firmly in the “Denial” phase...

Nice, Exador, but hardly a need for that jab. My response “No” was from the perspective of a collector who only wears 4 digits. And I guess since I have the pieces I want already the market isn’t really all that relative to me, so there’s that . Whether there is a little slowing in pieces moving on the forums, the good pieces are still hot and changing hands all day.

[othertbone]

All prices have come down a bit

[Juhuatai]

I actually think it depends on the segment of the market. Cheaper stuff moves much quicker simply due to the larger prospective buyer base. When you get into 15k and higher it seems that the market has slowed down. Of course this is all anecdotal.

[subx]

looking at the Philips auction catalog for this November,
... countless Daytonas.
that tells me its selling time.

[jdmi32]

I’ve definitely seen a bit of a pullback across all models, which I think is much needed. I doubt we will go back to when a 6263 could be had for 30k, but it was nuts seeing average examples going for almost six figures.

[theflywrist]

Originally Posted by roh123

Collectors keep, speculators sell and dealers deal? I think the market will be shaky for quite some time. Slow for most.

I still think Daytonas have corrected more than other models. It held a lot of air for a while.

Absolutely!
I think its a good thing for us that are trying to acquire a few pieces of the missing puzzle in our collections.

I understand a lot of newbies are now afraid to venture because it is more than ever a minefield. I know some guys myself that were extremely enthusiastic to get into it, showed the exact same kind of obsessive interest that I had years ago when I started, but they quickly got put off as they carefully looked closer.

There have always been counterfeits, but it appears worse than ever. Cases can be made to look as close as unpolished, hands can be relumed to near impossible to tell, and I have a feeling the dial can be as well. I haven't seen one in the flesh(or haven't been tell it apart if I have) but I am inclined to believe that a perfect relume to the point of most not being able to tell them apart probably do exist. (making an assumption but I have heard of such things from my asian collector friends).

The trend seems to be that whatever the market is hot for, keeps popping up in large numbers for sale. Be it a Fuchsia insert, a ghost insert, or when the patrizzi took off, or lately I'm seeing a ton of cream 116520s as prices are creeping up, etc.

I think more than ever, only venture this market for the love of VR with a 100 times diligence and a reliable source. As in "investment", probably will bite you later!

[Sublovin]

Originally Posted by mattedialdoc

Nice, Exador, but hardly a need for that jab. My response “No” was from the perspective of a collector who only wears 4 digits. And I guess since I have the pieces I want already the market isn’t really all that relative to me, so there’s that . Whether there is a little slowing in pieces moving on the forums, the good pieces are still hot and changing hands all day.

Respectfully, the “jab” was warranted. Your one word response to the OP was an obvious attempt at sounding like you are in the know, and designed to make the OP feel foolish for suggesting such a thing when in actuality he is factually correct. The market has softened, many vintage pieces have come down (the ones that are actually selling), and I think it will continue.
There is a finite number of individuals who are willing to spend 6 figures on watches that sold for a few hundred. Once those people have scratched the itch, and move in to other things, a market correction is unavoidable.
I have said many many times, I THINK a very large correction is coming. Just my opinion.

[mattedialdoc]

Originally Posted by Sublovin

Respectfully, the “jab” was warranted. Your one word response to the OP was an obvious attempt at sounding like you are in the know, and designed to make the OP feel foolish for suggesting such a thing when in actuality he is factually correct. The market has softened, many vintage pieces have come down (the ones that are actually selling), and I think it will continue.

There is a finite number of individuals who are willing to spend 6 figures on watches that sold for a few hundred. Once those people have scratched the itch, and move in to other things, a market correction is unavoidable.

I have said many many times, I THINK a very large correction is coming. Just my opinion.

Good point. Sorry OP and Friends. I’m not a dealer nor really a market follower. But hanging w my buddies in NYC this week market seems alive as ever. But I defer to those that have the graphs for the real data. Back to our usual programming!!


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