116500LN Daytona resale prices dropping

[etp]

I bought my first Rolex earlier this year. After getting bit by the bug, I built a little side project to collect watch prices online. I find it interesting to see these trends.

One of the most interesting valuations being the resale value of 116500LNs. The resale value has fallen from $18k in October now down to ~$16,500. From the data, it doesn't look like that drop will slow either.

Anyway hopefully this is interesting to others. If you have a watch you'd like me to look up the value from my data, just let me know. Happy to help!

Happy holidays!

[AMCK87]

Interesting, with all those pieces being offered for sale - really puts a dent in the whole hard to find/exclusive image that Rolex and ADs are trying to push. Are you just populating this with data for the asking price? I'm sure you'd find the average transacted price for the 116500LN to be quite a bit lower than 16,500 as well.

[cferrel]

I want a Daytona but im not ready to buy one yet.

[etp]

I can look those up - yeah unfortunately I don't have access to actual transacted price. I'm sure you are right that these are probably higher than the transacted price. However it would make sense that listed values follow reality so the trend is probably correct.

[TheRolexKingofLV]

Are those numbers represenitive of the white dial, or black?

[Old Expat Beast]

Price has certainly dropped a bit since May.

http://www.rolexforums.com/showthrea...ghlight=116500

[watchwatcher]

Originally Posted by TheRolexKingofLV

Are those numbers represenitive of the white dial, or black?

Yeah, I'm still seeing white dials for 18k.

[etp]

Here it is broken down by white vs black dial. Looks pretty close as there isn't a consistent delta. In the last month, a couple of white dial prices seem to buck the trend, but I think those are abnormal.

[nathaniel]

That's really neat, thanks for sharing! I hope the downtrend continues to accelerate, especially after Basel.

[etp]

No problem. I can look up other watches, so if there any requests, just let me know!

[gregmoeck]

Maybe below 6k by summer

[traf]

How far can you go back? I'm interested in the BLNR and 16710 Pepsi trends


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[Investr]

Looks like you might be a fan of statistics and numbers. I bet you like stocks....

[etp]

BLNR & 16710 - I'd want to dig into that data a bit more, but quick first pass

[onethirtypanda]

This is cool! Are you using only certain sites like TRF, watchuseek, or are you tracking a bunch of others? Also we only really know the list price and not actual sold prices. I'd be interested in knowing what the actuals are but I am sure we will never really know. I wonder how much budge sellers give.

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[Dyim]

How do you get these numbers so fast?

[etp]

I've been working on this for a while, already have all Rolex models and prices. Before I open it to the public, there is still more work to do.

[armen34]

Nice stats!

[armen34]

Btw, for the 116710 stats you have is that ln and Blnr? Can you separate them?

[Maverick686]

I'd also like to see the BLNR separated out.

Perhaps an average price as well.

Thanks for doing this! I'm looking for a BLNR right now, but don't want to overpay. :)

[regnant]

Interesting stats, good find

[malarky_hk]

Are your stats based on all BNIB prices or is it a mix of used second hand pieces?

[ajas]

Thank you for all hard work put into collecting and analyzing the data.
Pretty interesting to see it.

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[Mezz72]

well done man. would be interesting to see whether 116520 follow trend of 116500.

[jolimont]

Awesome work

Hope it drops further!

[etp]

@Mezz72 116520 is holding pretty steady at $10.5k

[roviw]

Thanks for this. Really interesting to see. I have a 116520 white face and a 16700 Pepsi and 16713 GMT 2

[JKolmo]

Really nice job! Thanks for doing this!

[Etschell]

The reason for the drop is there are more 2nd hand available

[stylinleems]

Great post!!