Who has paid $25k for a Daytona and is NOT a flipper/dealer?

[Roli4life]

They must be selling, because a jeweler friend of mine who also sells watches, offered me over 30k for my white Daytona.

[csaltphoto]

Originally Posted by Equity

While in the past I wouldn’t buy anything from the AD with the pure intention on flipping it. I agree with this methodology.
If I can acquire the next step in my collection by selling something I have to a grey, it’s reasonable to do so.

There’s nothing wrong with capitalizing on the market to get there.

You mean to tell me someone can get into a full PM reference by selling a $13k Daytona to a dealer? It’s a pretty obvious solution.

I probably still wouldn’t partake but I can see why most do.


Sent from my iPhone using Tapatalk

Meh, I'd do it. I mean who really cares?

My GF was looking a 28mm DJ, TT, diamond set bezel. 18K retail. Not exactly flying out of the cases but she liked it. I explained bundling to her and how we could potentially offset that price by a few K if we bought a SS professional model with it. (No way we are going to get a Daytona in that bundle).

[jtorrebl]

Error

[Goonthree]

At past mid-life I can care less of $25k if it make me happy. Paying 35k for white dial and chances are in 2 to 5 years, you can sell for what you pay, I dont see what a big deal. A nice luxury car depreciate 2k+ a month. I have no problem pulling trigger on cars, why would 25k that probably don't depreciate worry one?

[Nairn1980]

I think the OP has decided to make a post and vanish lol

[teck21]

Originally Posted by Goonthree

At past mid-life I can care less of $25k if it make me happy. Paying 35k for white dial and chances are in 2 to 5 years, you can sell for what you pay, I dont see what a big deal. A nice luxury car depreciate 2k+ a month. I have no problem pulling trigger on cars, why would 25k that probably don't depreciate worry one?

You’re not supposed to make this sort of sense on an internet forum.


Sent from my iPhone using Tapatalk

[Goin2drt]

Originally Posted by Goonthree

At past mid-life I can care less of $25k if it make me happy. Paying 35k for white dial and chances are in 2 to 5 years, you can sell for what you pay, I dont see what a big deal. A nice luxury car depreciate 2k+ a month. I have no problem pulling trigger on cars, why would 25k that probably don't depreciate worry one?

Because you need a car to go from point a to point b and actually make money. A watch is literally as luxury and unneeded of an item you can actually buy.

[Goonthree]

I have 8 cars and neighbor 12+ cars. We don't need that many cars to go from point a to point b. Also you don't need a car that depreciate 2k a month to go from point a to point b. If you want to be efficient, you can get a Toyota corolla. So even with 1 car, you can have a luxury car that depreciate 2k more a month than a corolla.

Originally Posted by Goin2drt

Because you need a car to go from point a to point b and actually make money. A watch is literally as luxury and unneeded of an item you can actually buy.

[cbalster]

MSRP on Daytona is pure fantasy.

MSRP on a Daytona from an AD is simply a rebate of depreciation experienced on other purchases that dropped like rocks after you bought them.

You need to spend over $50k on pieces that drop a lot more than $20k right out the door. Then you get allocated a Daytona that is worth $20k more out the door. That's the game and if you enjoy watches and jewelry it's worth it, but it's not free.

When it comes to AD the house always wins.

If you went grey at $25k 1-2y ago you've likely done better than the guy who spent $100k at his AD over the last 2y, takes a $50k hit on that, and finally gets his Daytona after 2y waiting and playing the game.

[Robert Bruce]

Should we buy a Daytona even though we don't like it, just because it's 'rare'?

[fcracer]

Originally Posted by jlunn5

Just wondering who is buying Daytona's at grey market prices? Is it just the flippers/dealers who are propping up these prices? I'd love to be wrong here.. tell me if you've paid grey prices without any intention of selling your Daytona later for a profit.

.. maybe i'm just bitter

I paid US$22,965 (HKD187,500) last year. I documented it here with full transparency as I wanted to give people a data point. While I felt it stupid to pay over MSRP, I made myself feel ok about the transaction because I received ~18% discount on my previous Rolexes from ADs so net, net...

Given what's happened in the past three weeks, I only wish I had bought five at US$22k... or better yet, I wish the prices could come down to MSRP so that more people can enjoy this beautiful watch. It gets the most wrist time out of my very small selection of watches. I've already scratched up the PCL pretty good too, it's truly mine!

[Francist]

I paid $22k for mine. I thought i was stupid paying $10k above retail.
Turns out the world is crazier than me. Very tempted to sell at a profit here.
It gets very little time on my wrist. I have a GMT which is so much more useful

[AJMarcus]

Originally Posted by breitlings

The comparisons of daytona vs big mac are not founded because Rolex chronograph movement is considered by many to be the finest in the industry.

But what about the special sauce

[Francist]

Originally Posted by cbalster

MSRP on Daytona is pure fantasy.

MSRP on a Daytona from an AD is simply a rebate of depreciation experienced on other purchases that dropped like rocks after you bought them.

You need to spend over $50k on pieces that drop a lot more than $20k right out the door. Then you get allocated a Daytona that is worth $20k more out the door. That's the game and if you enjoy watches and jewelry it's worth it, but it's not free.

When it comes to AD the house always wins.

If you went grey at $25k 1-2y ago you've likely done better than the guy who spent $100k at his AD over the last 2y, takes a $50k hit on that, and finally gets his Daytona after 2y waiting and playing the game.

This. My AD told me i’d have to spend at least $100k to get on the list.
I did the maths & turned out i’d have to take $10k loss buying unwanted Rolexes.
Might as well go grey route & I did.
Not sure about now since shops are empty & grey market just skyrocket like hell

[PureCoconut]

Reincarnating this thread as daytonas crest 40k lol

[inadeje]

I paid twice retail (24k) for a bnib black dial Daytona in 2019. At time that was the going rate. I don’t buy over retail, but my AD advised that in all probability he could only get me 1, so I got the white dial at retail. I don’t have any regrets paying what I did, especially in today’s market.

[RaZCaL]

I did back in 2019 for my white dial. Look at where we are now

[HogwldFLTR]

I paid 16K for stainless and 65K for platinum. Got rid of the stainless one.

[JPS]

The Panda will be hitting $50K in mid 2022

[Tanalasta]

Sheesh. The panda pricing is so close to the 116519LN on davidSW.

Am I the only one who would pick the ghost over panda?


Sent from my iPhone using Tapatalk

[rlx123]

Originally Posted by DESH

I enjoy both of them equally! However I do wear my black 116500LN more often.

Is it because you don’t want to scratch up the white or you line the black more? Just curious because I have the black and waiting for the white.


Sent from my iPhone using Tapatalk

[inadeje]

Originally Posted by rlx123

Is it because you don’t want to scratch up the white or you line the black more? Just curious because I have the black and waiting for the white.


Sent from my iPhone using Tapatalk

Although it wasn’t me who answered, I do prefer the black over white aesthetically. It somehow seems larger on the wrist and I find it less jarring than the white. However, it would be a very tough call if I had to part with one of the two. Thankfully I don’t have to, so its a non issue.

[watchaser]

Well said @thevtcguy. This was the same discussion when the panda 116500ln was at 20k. I’ve been around for while and I’ve seen it all. Using simple logic, if you fancy a piece and cannot get it retail but really want it and willing/capable of obtaining the piece with the market price, I don’t understand why you wouldn’t regardless price? Prices have been holding and creeping up. You could be enjoying, in and out of this piece multiple times without taking a hit.

Not everyone is the same but that’s just me.

[Cloudchaser]

Originally Posted by HogwldFLTR

I paid 16K for stainless and 65K for platinum. Got rid of the stainless one.

This sums up this thread perfectly.

[Chadridv]

Paid 26k for my white 116500 last nov. knew there was a chance of the price going up or down. Didn’t care, still don’t. My favorite watch.

Btw for all you lucky retail buyers that ALSO think we’re all nuts for paying the premium, why aren’t you selling? Clearly you think that extra bit of money is so important and significant. In other words you’re stupid to pay X amount over retail, but you’re smart if you don’t sell and lose out on the exact same amount of profit?

For most of you, I’m hoping the answer is that you simply love the watch and would never sell. But for many of you, I suspect you’re in denial or haven’t given it much thought. Your condemnation for those paying a premium implies you think we’re being stupid with money. Why? Cause you think the value of the watch will drop? You see where I’m going with this.

So you own something that today is worth close to $40k. You also believe the value will go down. And you refuse to sell something that is supposedly dropping in value!? Lol.

I know it sounds like I’m making this an investment conversation, but the whole idea of criticizing someone for spending the extra money to get a watch they truly love is in it of itself putting your perspective on the situation as an investment.

[red1108nyc]

3 factor decision:

1. Do you like kissing an AD’s derrière to buy at MSRP?

2. What monetary value do you place on “time” - the wait?

3. What is your happiness/love for the watch worth relative to your bank account size?

Given the above, I think some of us would gladly buy and pay above MSRP from grey as a reasonable alternative.

[train-time]

Originally Posted by red1108nyc

3 factor decision:

1. Do you like kissing an AD’s derrière to buy at MSRP?

2. What monetary value do you place on “time” - the wait?

3. What is your happiness/love for the watch worth relative your bank account size?

Given the above, I think some of us would gladly buy and pay above MSRP from grey as a reasonable alternative.

Finding an AD that will let one go at MSRP is getting harder and harder especially as Rolex continues to eliminate the locals in favor of Boutiques and large-scale ADs. It will either require a major spending history, a structured deal that nets the AD close to market, or a large bundled transaction. There is just too much demand and competition to let it go at MSRP. That said, it looks like the secondary market may be the way to go if you have to scratch that itch!

[red1108nyc]

Originally Posted by train-time

Finding an AD that will let one go at MSRP is getting harder and harder especially as Rolex continues to eliminate the locals in favor of Boutiques and large-scale ADs. It will either require a major spending history, a structured deal that nets the AD close to market, or a large bundled transaction. There is just too much demand and competition to let it go at MSRP.

Completely with you 100%.

Bundling though is not precise delivery of happiness and sometimes complicate the fun.. but some may enjoy that.

[Chute]

I don’t see the prices going significantly lower ever. I mean, if the 116500 dropped to $26k again, don’t you think they would get bought up in an instant?

[AJMarcus]

Originally Posted by afmars

I think most here would jump on a Daytona at $25k. The current going rate is $30-35k

$39K at some TRF sellers for the white ceramic.