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yakface82 · 5 February 2023, 02:33 AM

With Panda (116500LN) prices coming back down to Earth, what is everyone’s views on where these will settle.

I have seen a couple recently for £25k used, or £26-28k unworn.

I already have 3 others (Sub, GMT, YM) all bought new at my AD, but impossible to get on the real Daytona list.

I’m getting tempted when they get to £25k unworn. I understand this will still be double list, but I would intend to daily wear it and it will likely recover long term if values continue to drop. They were sitting sub 20k for a long time pre lockdown.

Views welcome

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ikincooper · 5 February 2023, 02:42 AM

Depends if adding a Daytona is your end game or if their are still other pieces you want. If adding a Daytona finishes your collection, then for sure go grey. As you say whilst prices may drop a little further, long term you’ll probably be thereabouts plus you get your watch pronto.

If you want others pieces, then you might not been as far from getting on the real list as you think. On that basis, I’d suggest you have an honest and open conversation with your AD.

For what it’s worth, I bought 4 watches from my UK AD (1st in 2017, 2 in 2021 and 1 towards the end of 2022) before getting a Daytona, just 2 weeks ago. It’s not all about spend history.

Good luck whatever you decide!

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TheWatchmen · 5 February 2023, 08:11 AM

As long as you bought your other watches new from your AD and tell people what they are, that’s always the most important thing to mention in a post.

Mr Ben · 5 February 2023, 08:29 AM

It’s a total finger in the air - anyone who says anything else probably has a vested interest.

I’ve thought about this a lot in the same way I think what my buy and sell price is on certain shares. You never know but unless you’ve considered what you’re happy with in advance, you don’t know when to act.

To avoid the obvious accusations, I don’t view watches as investments because I don’t hold them to earn money. Having said that, I’d like a black 116500LN and I think holding off for somewhere in the region of £18k is where I’d be happy and is realistic (50% premium). Panda probably £2k or £3k more but I think I’d buy black dial. I was offered a black dial unworn today at £21k so we’re not a million miles away.

Mathematoxic · 5 February 2023, 05:18 PM

I think there is room for further decrease in prices. But there will always be a premium for 116500s whether it’s white or black dial.

5 February 2023, 02:33 AM	#1
yakface82 "TRF" Member Join Date: Nov 2019 Location: UK Posts: 37	Panda Daytona Prices 116500LN UK With Panda (116500LN) prices coming back down to Earth, what is everyone’s views on where these will settle. I have seen a couple recently for £25k used, or £26-28k unworn. I already have 3 others (Sub, GMT, YM) all bought new at my AD, but impossible to get on the real Daytona list. I’m getting tempted when they get to £25k unworn. I understand this will still be double list, but I would intend to daily wear it and it will likely recover long term if values continue to drop. They were sitting sub 20k for a long time pre lockdown. Views welcome Sent from my iPhone using Tapatalk

5 February 2023, 02:42 AM	#2
ikincooper "TRF" Member Join Date: Oct 2016 Real Name: Niki Location: UK Watch: Too many Posts: 669	Panda Daytona Prices 116500LN UK Depends if adding a Daytona is your end game or if their are still other pieces you want. If adding a Daytona finishes your collection, then for sure go grey. As you say whilst prices may drop a little further, long term you’ll probably be thereabouts plus you get your watch pronto. If you want others pieces, then you might not been as far from getting on the real list as you think. On that basis, I’d suggest you have an honest and open conversation with your AD. For what it’s worth, I bought 4 watches from my UK AD (1st in 2017, 2 in 2021 and 1 towards the end of 2022) before getting a Daytona, just 2 weeks ago. It’s not all about spend history. Good luck whatever you decide! Sent from my iPhone using Tapatalk

5 February 2023, 08:11 AM	#3
TheWatchmen "TRF" Member Join Date: Dec 2019 Location: The Moon Posts: 1,360	As long as you bought your other watches new from your AD and tell people what they are, that’s always the most important thing to mention in a post.

5 February 2023, 08:29 AM	#4
Mr Ben "TRF" Member Join Date: Sep 2022 Location: UK Watch: 226570 Posts: 692	It’s a total finger in the air - anyone who says anything else probably has a vested interest. I’ve thought about this a lot in the same way I think what my buy and sell price is on certain shares. You never know but unless you’ve considered what you’re happy with in advance, you don’t know when to act. To avoid the obvious accusations, I don’t view watches as investments because I don’t hold them to earn money. Having said that, I’d like a black 116500LN and I think holding off for somewhere in the region of £18k is where I’d be happy and is realistic (50% premium). Panda probably £2k or £3k more but I think I’d buy black dial. I was offered a black dial unworn today at £21k so we’re not a million miles away.

5 February 2023, 05:18 PM	#5
Mathematoxic "TRF" Member Join Date: Jan 2022 Location: Asia Posts: 439	I think there is room for further decrease in prices. But there will always be a premium for 116500s whether it’s white or black dial.

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