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lobo58 · 28 May 2009, 08:56 AM

Here's the deal. I've been offered $35K for my 6263 and, to sweeten the deal, I'll walk away with a 16610 with box and papers for $3500. The buyer is a reputable player in NYC. I wasn't looking, but I'm taking the deal.

We'll meet at his bank, examine the watches, and then I'll stand at his elbow while the cashier cuts the check.

What am I missing? Is there something that could go wrong that I am not seeing? Many pros here. Is there anything that could go badly?

kcmo · 28 May 2009, 08:59 AM

WOW!!!! Congrats! Are you sure you won't miss the Daytona?

lobo58 · 28 May 2009, 09:01 AM

Quote:

Originally Posted by kcmo

WOW!!!! Congrats! Are you sure you won't miss the Daytona?

Of course I will! I'll weep. But $35K is $35K. Takes the sting out.

kcmo · 28 May 2009, 09:06 AM

Quote:

Originally Posted by lobo58

Of course I will! I'll weep. But $35K is $35K. Takes the sting out.

True!

Tools · 28 May 2009, 09:02 AM

Seems to be a respectable transaction.......

Lamone · 28 May 2009, 09:06 AM

As Larry said "Seems to be a respectable transaction". If he's a reputable person, all is fine. 35k is 35k.

lobo58 · 28 May 2009, 09:09 AM

he checks out as a reputable vintage dealer. The question is...NY has an 8% sales tax on casual transactions. If I drive to his bank, do I owe NY $2800?

Wolfgang427 · 28 May 2009, 11:45 AM

Quote:

Originally Posted by lobo58

he checks out as a reputable vintage dealer. The question is...NY has an 8% sales tax on casual transactions. If I drive to his bank, do I owe NY $2800?

No tax, unless your in the business of selling watches in NY which your not.

$35k for your watch in this economy its like hitting the lotto jackpot.

Run do not walk to complete this deal.

Lamone · 28 May 2009, 05:37 PM

Quote:

Originally Posted by lobo58

he checks out as a reputable vintage dealer. The question is...NY has an 8% sales tax on casual transactions. If I drive to his bank, do I owe NY $2800?

I wouldn't worry about tax on a used item and it's a private transaction.

onkyo · 28 May 2009, 09:09 AM

You are getting a very good price for your 6263.

I would sell also (that is if I had one)....

landroverking · 28 May 2009, 09:50 AM

I sold my vintage Daytona in 1990 and know I will never be able to replace it.

That said do what you "need" to due. As for me I would not sell my Daytona again.

jay

lobo58 · 28 May 2009, 09:55 AM

Quote:

Originally Posted by landroverking

I sold my vintage Daytona in 1990 and know I will never be able to replace it.

That said do what you "need" to due. As for me I would not sell my Daytona again.

jay

It's all a balance, isn't it? I can carry it for another twenty years and be a seventy year old with a great 60 year old watch...or I can take the cash, buy a great watch, and be seventy year old without debt and a great twenty year old watch. It's a tough call, no question...and I'll be sad for awhile. But it's the right call. Life is so much like that.

moby33 · 28 May 2009, 09:59 AM

I know almost nothing about vintage Daytona prices, but what I can say is regardless of example, this is 100% a BUYERS market! With that in mind, I've got to believe if you can get $35K in todays market, you will be able to get considerably more in say 2-5 years when the economy is not so upside down (heck, even 12 months from now will probably be better for sellers like you). But, as others have said, $35K is $35K...so if you need the $ now, grab it as cash is always king.

lobo58 · 28 May 2009, 10:05 AM

Quote:

Originally Posted by moby33

I know almost nothing about vintage Daytona prices, but what I can say is regardless of example, this is 100% a BUYERS market! With that in mind, I've got to believe if you can get $35K in todays market, you will be able to get considerably more in say 2-5 years when the economy is not so upside down (heck, even 12 months from now will probably be better for sellers like you). But, as others have said, $35K is $35K...so if you need the $ now, grab it as cash is always king.

I talked to my wife about exactly this. If he's willing to pay 35K, it must be worth $50K....and maybe it is, among the market he knows. I don't know them. If I hang on, maybe it's wort more in ten years. Maybe I get hit by a Volkswagon. Maybe it is stolen. It's all a balance. Here I walk away with big money and a dream watch, a 16610. Got to do the deal...back to the point. Is this rock solid? Have I missed anything?

ijen0311 · 28 May 2009, 10:06 AM

Just be careful going to make the deal. Don't want you to get ripped off, robbed, etc.

lobo58 · 28 May 2009, 10:26 AM

Quote:

Originally Posted by ijen0311

Just be careful going to make the deal. Don't want you to get ripped off, robbed, etc.

Which is why we're doing it in his bank. Armed guards, instant validation...My point exactly. Am I missing anything?

ijen0311 · 28 May 2009, 10:26 AM

Quote:

Originally Posted by lobo58

Which is why we're doing it in his bank. Armed guards, instant validation...My point exactly. Am I missing anything?

Then nope, not from what I see.

lobo58 · 28 May 2009, 10:33 AM

But damn...one more time...I'm going to miss wearing this.

But $35K and a 16610?

Got to take the deal.

presario · 28 May 2009, 10:35 AM

Wow, such a beautiful watch. Man, tough call. In a time where everyone's hoarding cash, $35K plus a 16610 seems good. Good luck and be safe!

moby33 · 28 May 2009, 11:55 AM

Quote:

Originally Posted by lobo58

But damn...one more time...I'm going to miss wearing this.

But $35K and a 16610?

Got to take the deal.

Actually no, you don't. I know you prefer to hear from those that condone this transaction, and maybe it's due to the fact I'm too greedy and HATE giving $ away, and assuming you don't absolutely NEED this $ NOW, I wouldn't take it. The 16610 is of no concern to me regarding this deal as you can pick one up for a steal in todays market.

Obviously you really love this watch, which is even more reason for you to hold onto it a while longer. I could understand if you receive absolutely zero enjoyment from the watch...take the money & use it toward something that will bring enjoyment (be it paying off debt or buying other watches)...but clearly you still love wearing it. It does not sound like this watch is a 'safe queen' that sees the light of day once a year. There's a lot to be said about that fact and I don't think you should disregard it. Cash is nice, but life it too short to part with things that put a smile on your face. I can tell from your posts this watch definitely puts a smile on your face.

And your fear of walking around w/ a $35K watch can easily be alleviated via insurance (as I'm sure you already have on the watch). That's the beauty of insurance...once insured and you have the piece of mind that you will at least not lose $ if stolen or lost...it gives you the opportunity to freely enjoy the watch.

Nope, I would still say walk...enjoy the watch for another couple of years and sell it for $50K+. While modern Daytona's are made in high numbers and probably will never become a true collectors item (at least not in our lifetime), the watch you own IS rare and WILL ALWAYS be rare. Items like that don't go from $35K to $10K...it's just not going to happen. The longer you hold onto it, the more $ you're going to make - period. With 2 more years of ownership you will not only continue the enjoyment you obviously have with the watch, but with the added cash you'll surely make will be enough to buy a couple 16610's + cash.

I hope I don't sound like I'm raining on your parade...honestly that's not my intent. I wish you the best of luck if you decide to go through with it and positive you'll enjoy your 16610 + the cash. But it is so obvious in pretty much each one of your posts that this watch means a lot to you and I'm not convinced you're convinced it's time to part with it.

Imtiaz · 28 May 2009, 04:04 PM

Quote:

Originally Posted by lobo58

Which is why we're doing it in his bank. Armed guards, instant validation...My point exactly. Am I missing anything?

On the way to the bank could be a problem. I would do a dummy and tell him I will be there at x O'clock but turn up at least 30 to 45 mins earlier and sit inside the bank.

Also give him your route. E.G. "I'll take the subway to xyz station and walk to the bank". But in actual fact you take a cab or get someone to drop you off in front of the bank door.

Being careful is better than being sorry.

BTW, the 6263 used to sell in Tokyo for about $35K, it is now down to $25K in this depressed market.

So you are getting a super good deal. Just take extra care.

lobo58 · 28 May 2009, 04:15 PM

Quote:

Originally Posted by Imtiaz

On the way to the bank could be a problem. I would do a dummy and tell him I will be there at x O'clock but turn up at least 30 to 45 mins earlier and sit inside the bank.

Also give him your route. E.G. "I'll take the subway to xyz station and walk to the bank". But in actual fact you take a cab or get someone to drop you off in front of the bank door.

Being careful is better than being sorry.

BTW, the 6263 used to sell in Tokyo for about $35K, it is now down to $25K in this depressed market.

So you are getting a super good deal. Just take extra care.

My thoughts exactly. Thanks loads everyone. What a great bunch of people you are! I'll keep you posted.

JJ Irani · 28 May 2009, 05:06 PM

Quote:

Originally Posted by lobo58

Which is why we're doing it in his bank. Armed guards, instant validation...My point exactly. Am I missing anything?

Don't get distracted by the cashier's cleavage!!

lobo58 · 28 May 2009, 05:15 PM

Quote:

Originally Posted by JJ Irani

Don't get distracted by the cashier's cleavage!!

JJ! You and I Need to share pints n Aukland. Only the blessed smile as well as you do!

JJ Irani · 28 May 2009, 05:19 PM

Quote:

Originally Posted by lobo58

JJ! You and I Need to share pints n Aukland. Only the blessed smile as well as you do!

onkyo · 29 May 2009, 01:33 AM

Quote:

Originally Posted by JJ Irani

Don't get distracted by the cashier's cleavage!!

This post should be deleted from your post count.

acce1999 · 29 May 2009, 02:58 AM

Quote:

Originally Posted by onkyo

This post should be deleted from your post count.

Posts like that is the reason my post count is so low. I do not get distracted by cashiers cleavage...

No, really, I might... ;-)

To the OP: Go to www.chrono24.com and do a search for Rolex 6263 to get an idea of asking prices (obviously they are most likely sold for something different). Also: If you not already gotten PM:s from dealers surfing this side, you could try talking to some of them.

35K is quite some money, but if you do not NEED it, I would propose that you keep the watch. As someone said: It is the greatest of all versions!

Best,

A

CPCC · 28 May 2009, 10:29 AM

I would suggest cash. If he calls 3 days in advance the bank can have it ready for him.

don't back down now · 28 May 2009, 10:33 AM

Cash or call the deal off.

kyle L · 28 May 2009, 10:34 AM

At least take us some good-bye pics of the watch!

Edit: Oh nevermind....

28 May 2009, 08:56 AM	#1
lobo58 Member Join Date: May 2009 Real Name: Mark Location: Masschusetts Watch: Omega Planet Ocean Posts: 399	Dead Honest... Here's the deal. I've been offered $35K for my 6263 and, to sweeten the deal, I'll walk away with a 16610 with box and papers for $3500. The buyer is a reputable player in NYC. I wasn't looking, but I'm taking the deal. We'll meet at his bank, examine the watches, and then I'll stand at his elbow while the cashier cuts the check. What am I missing? Is there something that could go wrong that I am not seeing? Many pros here. Is there anything that could go badly?

28 May 2009, 09:02 AM	#5
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,515	Seems to be a respectable transaction....... __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

28 May 2009, 10:35 AM	#19
presario "TRF" Member Join Date: Jan 2009 Real Name: Andrew Location: Los Angeles Posts: 1,428	Wow, such a beautiful watch. Man, tough call. In a time where everyone's hoarding cash, $35K plus a 16610 seems good. Good luck and be safe! __________________

28 May 2009, 10:29 AM	#28
CPCC "TRF" Member Join Date: Dec 2007 Real Name: Bill Location: USA Posts: 1,857	I would suggest cash. If he calls 3 days in advance the bank can have it ready for him. __________________

28 May 2009, 08:59 AM	#2
kcmo "TRF" Member Join Date: Jan 2007 Real Name: Karis Location: USA Posts: 19,377	WOW!!!! Congrats! Are you sure you won't miss the Daytona?

28 May 2009, 09:06 AM	#6
Lamone Banned Join Date: Nov 2007 Location: NYC Watch: ya mawt! Posts: 3,448	As Larry said "Seems to be a respectable transaction". If he's a reputable person, all is fine. 35k is 35k.

28 May 2009, 09:09 AM	#7
lobo58 Member Join Date: May 2009 Real Name: Mark Location: Masschusetts Watch: Omega Planet Ocean Posts: 399	he checks out as a reputable vintage dealer. The question is...NY has an 8% sales tax on casual transactions. If I drive to his bank, do I owe NY $2800?

28 May 2009, 09:09 AM	#10
onkyo Banned Join Date: Apr 2008 Real Name: Pav Location: Manhattan Posts: 11,495	You are getting a very good price for your 6263. I would sell also (that is if I had one)....

28 May 2009, 09:50 AM	#11
landroverking "TRF" Member Join Date: Dec 2008 Real Name: Jay Location: TEXAS Watch: Daytona Posts: 7,648	I sold my vintage Daytona in 1990 and know I will never be able to replace it. That said do what you "need" to due. As for me I would not sell my Daytona again. jay

28 May 2009, 09:59 AM	#13
moby33 "TRF" Member Join Date: Oct 2007 Location: Huntington Beach Watch: Rolex/Omega/Seiko Posts: 2,560	I know almost nothing about vintage Daytona prices, but what I can say is regardless of example, this is 100% a BUYERS market! With that in mind, I've got to believe if you can get $35K in todays market, you will be able to get considerably more in say 2-5 years when the economy is not so upside down (heck, even 12 months from now will probably be better for sellers like you). But, as others have said, $35K is $35K...so if you need the $ now, grab it as cash is always king.

28 May 2009, 10:06 AM	#15
ijen0311 "TRF" Member Join Date: Dec 2008 Real Name: Jen Location: Jax, FL Watch: Sea-Dweller Posts: 3,977	Just be careful going to make the deal. Don't want you to get ripped off, robbed, etc.

28 May 2009, 10:33 AM	#18
lobo58 Member Join Date: May 2009 Real Name: Mark Location: Masschusetts Watch: Omega Planet Ocean Posts: 399	But damn...one more time...I'm going to miss wearing this. But $35K and a 16610? Got to take the deal.

28 May 2009, 10:33 AM	#29
don't back down now Banned Join Date: Feb 2009 Location: usa Posts: 147	Cash or call the deal off.

28 May 2009, 10:34 AM	#30
kyle L "TRF" Member Join Date: Feb 2009 Location: USA Watch: Rolex Explorer I Posts: 10,278	At least take us some good-bye pics of the watch! Edit: Oh nevermind....

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