Question regarding Daytona, resale value and WHAT TO DO!?

[rodo]

Originally Posted by Rolexroz

You are very lucky in one respect but unlucky in another. Rolex values are holding up well in comparison with other makes but they are still not as strong as they were even 6 months ago. This is great if you are buying as the likes of the steel GMTC is available for 15% + off list at present.

Your GMT on the other hand is now going to be worth a lot more than it was 18 months ago as values have soared, so that should be good news. But will they climb higher and should you perhaps keep it longer to make more from it?????

The Daytona is a nuisance watch. We all know how rare it is and how much we want one, until you own one and then iit is just a watch, but with the lack of a date feature can be slightly annoying.

Rolex are outstandlingly tough and they can be brought back to as new condition by means of a good service from Rolex. But servicing a Rolex is as dear, if not dearer than servicing a good quality car. And it does not matter how tidy and clean your watch looks it is still a used watch.

If you were to buy the Daytona and sell it privately you would make around 5-10% profit. Or keep it in the safe it will no doubt increase in value as time goes on, by how much is anyone's guess.

It all really depends on your financial position.

I do not know if you have similar deals as we have in the UK, but here many Credit Card companies are offerring 0% deals on purchases for up to 16 months. My advice would be to grab one of these cards and buy the Daytona. You then have a considerable time to sell it for a price which hopefully suits you. Or alternatively sell one or both your other watches to pay for the Daytona.

Either way, it is a good position to be in and one which most of us can only dream about.

Rolexroz

values have soared? I certainly hope you're talking about list price and it's associated price increases. If you're referring to used pieces then you should know that prices are at an all time low (for the past year), and the GMT IIc is no exception, of which there are examples available for under 5k.