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4 January 2022, 05:45 AM | #121 |
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When I first read the title of the topic, I thought it was completely crazy. But then I thought and remembered the gray prices for a simple AP chronograph, such as the 26331. Similar design and functionality, regular watches in the line. I think the SS daytona has a chance to double in 2022
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4 January 2022, 07:56 AM | #122 |
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I paid MRSP for mine and there's no way I'd sell it, even for >100k. I'm only going to ever get one of these from my AD so I'd have to go grey to get another and there is about a 20-25% difference in what the trade will pay you vs the sale price.
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4 January 2022, 08:24 AM | #123 |
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24 January 2022, 12:15 AM | #124 |
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Well, since this thread was started 3.5 weeks ago, the value seems to have shot up again to new highs. No idea what is going on in this market !
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24 January 2022, 12:48 AM | #125 |
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24 January 2022, 12:55 AM | #126 |
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24 January 2022, 01:10 AM | #127 |
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24 January 2022, 01:45 AM | #128 |
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From eBay:
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24 January 2022, 02:08 AM | #129 |
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I literally just posted eBay screen shots lol
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24 January 2022, 02:10 AM | #130 |
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When the 126500 launches with the new movement the current Daytonas will crash. That's my word dog.
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24 January 2022, 02:10 AM | #131 |
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This thread like many from years back on the SS Daytona will be fun in another year. When the ceramic SS Daytona was $25k many lost their minds swearing up and down it wasn’t a permanent or “sustainable” price. They were kinda right. Like when it hit $25k we will look back now at $45k and say it was a bargain.
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24 January 2022, 02:13 AM | #132 | |
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This will be another fun prediction down the road to look back on.
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24 January 2022, 06:17 AM | #133 |
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24 January 2022, 06:21 AM | #134 |
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24 January 2022, 07:22 AM | #135 |
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24 January 2022, 05:29 PM | #136 |
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24 January 2022, 05:55 PM | #137 | |
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Quote:
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24 January 2022, 05:57 PM | #138 |
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So far, what really caught my eye in this thread is that an Omega Speedmaster was Steve McQueen's first choice for a wristwatch in "LeMans", a movie that was very special to him given his own interest in racing. He was a movie star...and a very serious actor, who strove for authenticity when portraying characters like race car drivers and detectives. So, his preference for Omega is intriguing is something I hadn't heard before.
I have almost no interest in racing, but I am a movie fan, and a Steve McQueen fan. I read, actually fairly recently, that the Speedmaster was originally developed with auto racing in mind. It later found appreciation by Mercury Program astronauts, and by NASA, which tested a few chronographs purchased at a Houston jewelry shop (including the Daytona), the winner of those tests being the Speedmaster Professional. Anyway, it seems the Speedmaster has been well appreciated in the racing world, probably what drew McQueen to it. McQueen particularly valued professionalism, and portraying that character, he would want his gear to be a pro's choices. Paul Newman is mentioned a lot. Of course, apart from being a great film actor, he was a serious race car driver, too. Perhaps that's why his wife chose that model to give him, over all others. Clearly, the Daytona is an icon to the racing world, and to the watch world, too. Amusing to hear it described as "undervalued", given that the ceramic IS still in production and grey market prices rise, rise, rise. I'd say it's doing just fine. Earlier, someone said it would hit $100K in five years. I think it will hit that mark sooner, unless other economic forces shut down the party. Anyway, it's a fine watch and handsome, too. Think I'll keep mine! |
24 January 2022, 06:31 PM | #139 | |
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Not sure what you are saying here? Didn't he only feature and wear the HEUER MONACO in the film? (Sorry I've never watched it BTW) https://quillandpad.com/2018/06/26/t...er-don-nunley/ |
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24 January 2022, 07:14 PM | #140 |
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I read, actually fairly recently, that the Speedmaster was originally developed with auto racing in mind.
It makes sense as I'm guessing the watch market for Astronauts was pretty small |
24 January 2022, 07:25 PM | #141 |
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The Daytona has doubled it's price since it was released and with the help of the grey market it will triple that price this year. Undervalue is not a thought that comes to mind when I think of the Daytona
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24 January 2022, 07:35 PM | #142 |
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I think it's widely overvalued since the MSRP is already a price including a hefty profit margin made by Rolex (cost them roughly 60% of that to produce)
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24 January 2022, 07:54 PM | #143 | |
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Is the 116500 undervalued?
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There is an earlier post in the thread that stated certain legal/contractual issues precluded using the Omega, so the Heuer got the part…I’d never heard that before reading it here. |
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25 January 2022, 08:43 AM | #144 |
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25 January 2022, 09:29 AM | #145 |
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116520 are the bargains now…….
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25 January 2022, 09:38 AM | #146 |
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Considering what other watches are going for such as the Patek 57xx references and OP41 color dial references, the Daytona is undervalued, especially in SS and looking at historical Daytonas. The 116520 is even more underrated so to speak. Underrated/undervalued Rolex is rare to find, an undervalued Daytona even more so. I think 116520s will cross $100k over the next 10 years and 116500s will cross $75k and be even more limited. The only reason for the difference in prices imo is because one will be farther away from production years and the other will have more under its belt by then. Cycle repeat with the 116500 successor and 116500.
The level of pricing though currently I think says a lot more about "smart money's" thoughts on financial assets and inflation. The very wealthy I think are stocking up on hard assets right now if I had to guess. Currency valuations look like crap across the board with interest rates that are 12 years late on a rate hike and fiscal spending that looks like some are trying to make monopoly money. |
25 January 2022, 11:13 AM | #147 | |
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Is the 116500 undervalued?
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I don’t think you’re far off, but I Would not be surprised to see the 116500 go to 100K in the next five years. If you really compare the Daytona to other models, it’s a hard watch the beat. |
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25 January 2022, 11:37 AM | #148 |
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Definitely undervalued
Price should increase to $200.000 for exclusivity. Now at $45.000 every Tom..etc. can buy one |
25 January 2022, 12:00 PM | #149 |
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Wait…Daytonas are worth more than MSRP? I just got one at MSRP? Should I sell it….
Let’s stop the constant Daytona pricing talk and being over valued / under valued. What we should really be talking about is the overall state of the market and economic drivers of these trends. Is this sustainable? Why? Where is the ceiling / support levels? If we can’t stop talking about the price of watches, can we please start giving some real perspectives of economics here? My thoughts - watches have completely blew past any normalized economic theory - stock markets, interest rates and Bitcoin mean nothing - these are officially a new asset class that is very defensible. |
25 January 2022, 12:16 PM | #150 | |
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