Is the 116500 undervalued?

[speedbird]

Sounds crazy to say it. But this is likely the most iconic current model and given values of some other hyped models recently it does feel that the ceramic steel Daytona is relatively reasonable value on the grey market.

Can see it exceeding 50k before long and hence a good investment buy at current values.

Thoughts?

[Golfbone]

Who knows? Seems like it's priced pretty high considering it's still being sold by ADs at list price...not like a Renoir or Van Gogh because those aren't being made any more. So I think there is a ceiling based on that availability. As long as some of us are getting them from AD's others will be reluctant to spend 3 or 4 times what we paid.

[inadeje]

I wouldn’t ever say never, since the current crazy market could agree with you. However, the relative low production zenith is highly sought after and the subsequent 116520 iteration was produced in very high numbers (comparably speaking). It seems Rolex slowed down production when the ceramic emerged, hence its extreme desirability and increased perceived exclusivity.

[mrN]

I was thinking the exact same couple days ago… it seems like a great deal if you compare it to other iconic watches from Patek or AP…


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[WatchNutcase]

It's not undervalued, but I'm sure the price will keep climbing anyways lol. Doesn't seem like there's anything out there that will stop it.

[illiguy]

I think the 116520 is under appreciated. If past is prologue, then all SS Daytonas will appreciate, and probably at a clip that exceeds inflation. Since the in-house, they’ve been tough to come by at ADs.

[WatchNutcase]

Originally Posted by mrN

I was thinking the exact same couple days ago… it seems like a great deal if you compare it to other iconic watches from Patek or AP…


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Problem is you can't really compare it to Patek or AP. They make haute horlogerie with much more hand finishing than a Rolex, and also in much lower quantities. The Daytona is still a good ol' tool watch with mammoth branding behind it.

[SaintMickey]

Originally Posted by speedbird

Sounds crazy to say it. But this is likely the most iconic current model and given values of some other hyped models recently it does feel that the ceramic steel Daytona is relatively reasonable value on the grey market.

Can see it exceeding 50k before long and hence a good investment buy at current values.

Thoughts?

Let me guess your wanting to buy one at $37,000 and make money

When you lose your house I'll rent you a room...got three extra bedrooms.

[Nav01L]

Originally Posted by WatchNutcase

Problem is you can't really compare it to Patek or AP. They make haute horlogerie with much more hand finishing than a Rolex, and also in much lower quantities. The Daytona is still a good ol' tool watch with mammoth branding behind it.

But neither the RO nor the basic Nautilus are truly the highest of executions in terms of high watchmaking and what the relevant houses can do, in fact they’re both pretty basic and in the case of the 15500, not even really hand finished to that much of an extent.

[samuel019]

If compared to other hyped to the moon SS pieces like for example a 5711 then absolutely IMO but they’re not worth their hype nor is the 116500

And yes I own one.

[bigrustypig]

I think the ceramic Daytonas are very undervalued. Each one should be worth about US$4.6billion if it keeps getting hyped up. Geeesshhh


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[Kinnakeet]

Originally Posted by speedbird

Sounds crazy to say it. But this is likely the most iconic current model and given values of some other hyped models recently it does feel that the ceramic steel Daytona is relatively reasonable value on the grey market.

Can see it exceeding 50k before long and hence a good investment buy at current values.

Thoughts?

I would only buy one at MSRP and only because of the resale value. Had one and sold it. To me it’s a very over rated watch.

[WatchNutcase]

Originally Posted by Nav01L

But neither the RO nor the basic Nautilus are truly the highest of executions in terms of high watchmaking and what the relevant houses can do, in fact they’re both pretty basic and in the case of the 15500, not even really hand finished to that much of an extent.

Exactly so just imagine how far under that the Daytona is.

[GB-man]

I have no idea. I can tell you I’d hedge by buying a mint unpolished zenith 16520 if you want to play that game.

[HMHM]

Yes and No.
Compared to the 5711 and 15202, it is undervalued. Especially the 15202 which is insanely overvalued for a watch which one can't even set the date quickly.
No because its already 3x MSRP, what more do we want? 10x? I get it that the 5711 Nautilus is selling at 10x-20x, but the numbers are more limited than the 116500.
Overall if the value keeps going up, it is nice but its starting to take away the pleasure of wearing one as one has to be more vigilant of the surrounding all the time.

[Tim Plains]

Maybe it's just me but I think it's idiotic to pay $40k for something that costs $13k new and is still in regular production. That goes for all Rolex. I'd never pay a dime over retail for one.

[Sub*Man]

Undervalued is relative and personal. The Daytona is the most elegant sports watch Rolex makes and in my opinion it’s the perfect watch. With that said, I wouldn’t pay grey prices for a Daytona right now, but I don’t think anyone who does will lose any money. For the most part, Daytona’s haven’t been in cases since the early 2000’s, there is a reason for that.


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[Sub*Man]

Originally Posted by HMHM

Yes and No.
Compared to the 5711 and 15202, it is undervalued. Especially the 15202 which is insanely overvalued for a watch which one can't even set the date quickly.
No because its already 3x MSRP, what more do we want? 10x? I get it that the 5711 Nautilus is selling at 10x-20x, but the numbers are more limited than the 116500.
Overall if the value keeps going up, it is nice but its starting to take away the pleasure of wearing one as one has to be more vigilant of the surrounding all the time.

Well said and good points. Doesn’t just apply to the Daytona, it’s tough for me to wear any of my watches that are $30k plus.


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[envuks]

If there were no msrp on a watch, like actually no set price from the AD, I think we would all be better off. Their value is what folks are willing to pay. Some like to wait, others do not.


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[AzHadEnuf]

I can’t imagine how much I would have to love a mass produced, stainless steel watch to part with 35 grand.

[fskywalker]

Originally Posted by speedbird

Sounds crazy to say it. But this is likely the most iconic current model and given values of some other hyped models recently it does feel that the ceramic steel Daytona is relatively reasonable value on the grey market.

Can see it exceeding 50k before long and hence a good investment buy at current values.

Thoughts?

$30k plus for a chunck of 904L SS reasonsble really?

Originally Posted by AzHadEnuf

I can’t imagine how much I would have to love a mass produced, stainless steel watch to part with 35 grand.

Exactly!

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[arcampado]

Originally Posted by AzHadEnuf

I can’t imagine how much I would have to love a mass produced, stainless steel watch to part with 35 grand.

$40K, but yeah I hear you

[kieselguhr]

Undervalued

I think from a practical perspective, Rolex in general is significantly over valued on the secondary market.

Then again. There’s nothing practical about a luxury watch

[Mystro]

Let’s put it this way. It’s got a lot more room to go. Value is subjective. The SS 5711 is a six figure watch now so it’s easy to see the 116500LN above $50k but at this point it’s already at legendary status even outside our watch nerd world. From a WIS perspective the Rolex 4130 movement itself is well proven, reliable, robust and probably the best movement Rolex makes so it’s got the guts under its hood to back up the hype. In todays social media world all super star watches could be considered “over hyped” but it’s the new normal the industry has gone. The rage some have towards this new super hype horological world has a few models as the “tip of the spear” for the top brands. The Daytona is certainly the tip of the spear of where Rolex as a brand is going.

[rolexfanforlife]

If OP Tiffany’s are going for 35k, and 5711s/15202s are > 100k, a Daytona should certainly be way more. So I would say yes, given the crazy market, they are

[SaintMickey]

Originally Posted by Mystro

Let’s put it this way. It’s got a lot more room to go. Value is subjective. The SS 5711 is a six figure watch now so it’s easy to see the 116500LN above $50k but at this point it’s already at legendary status even outside our watch nerd world. From a WIS perspective the Rolex 4130 movement itself is well proven, reliable, robust and probably the best movement Rolex makes so it’s got the guts under its hood to back up the hype. In todays social media world all super star watches could be considered “over hyped” but it’s the new normal the industry has gone. The rage some have towards this new super hype horological world has a few models as the “tip of the spear” for the top brands. The Daytona is certainly the tip of the spear of where Rolex as a brand is going.

PM me and let me send you a box of Cuban cigars. That watch deserves better

[Mystro]

Originally Posted by SaintMickey

PM me and let me send you a box of Cuban cigars. That watch deserves better

I have a lot better but I thought the simple red band would pull out the “Daytona” on the face. It was a artistic choice. I’ll take you up on the cigars though.

[ProCoach]

Yes, they are. The rise of the Zenith movement versions, the 116520 and now the ceramics and PM’s all drag the 116500LN up in value.

All these folks that talk about never buying one over MSRP don’t value it like most do, otherwise the greys wouldn’t be so successful.

Been seeing this with cars for thirty years. What makes you think iconic watches are any different?

[huba01]

Originally Posted by SaintMickey

Let me guess your wanting to buy one at $37,000 and make money

When you lose your house I'll rent you a room...got three extra bedrooms.

[huncho]

Originally Posted by ProCoach

Yes, they are. The rise of the Zenith movement versions, the 116520 and now the ceramics and PM’s all drag the 116500LN up in value.

All these folks that talk about never buying one over MSRP don’t value it like most do, otherwise the greys wouldn’t be so successful.

Been seeing this with cars for thirty years. What makes you think iconic watches are any different?

cars progress based on tech so it's kinda different. you'll never have another vintage lamborghini or ferrari which makes those collectible either based on looks or engines that will never exist again. there will always be a daytona that functions and looks the same