The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 16 March 2018, 05:53 AM   #1
Carrots
"TRF" Member
 
Carrots's Avatar
 
Join Date: Oct 2016
Real Name: Mr. Carrots
Location: The Lake
Watch: me eat ribs!
Posts: 57
PM Daytona Resale

Lets say I went bananas and spent 32k on a brand new PM Daytona. What would it likely to be worth the minute I took the stickers off and put it on my wrist?
Are these things like driving a new car off of the lot.............................?

Give it to me straight, please!
__________________
3x 114060, 2x 214270, 2x 116520, 116610LV, 116500LN
Carrots is offline   Reply With Quote
Old 16 March 2018, 05:54 AM   #2
Wembleyisgreen
Banned
 
Join Date: Mar 2018
Real Name: Mike
Location: Allison Park
Watch: 214270
Posts: 540
I bet you lose 20%.
Wembleyisgreen is offline   Reply With Quote
Old 16 March 2018, 05:58 AM   #3
richrichy
"TRF" Member
 
Join Date: May 2017
Location: Texas
Posts: 41
Pretty much a new car yeah
richrichy is offline   Reply With Quote
Old 16 March 2018, 05:59 AM   #4
sensui
2024 Pledge Member
 
sensui's Avatar
 
Join Date: Jan 2016
Location: San Diego, CA
Posts: 12,443
I'd say right around 15-20% loss if you try to sell it back to a trusted seller. Probably around a 10-15% loss if you have a good reputation and try to sell it yourself assuming you find a trusting buyer. I think if you're buying PM Rolex, you should really care about the watch and go in thinking you won't sell.....because the loss is for sure there without a doubt.
sensui is offline   Reply With Quote
Old 16 March 2018, 06:09 AM   #5
henry333
"TRF" Member
 
Join Date: Jan 2013
Real Name: Hendricks
Location: USA
Watch: 116600
Posts: 826
If you can afford a pm it might not affect you much. I see it as better then a car. You only take that hit going from new to used once and it holds it there .. as for most cars it just keep dropping and dropping. Even SS watch you take a hit
henry333 is offline   Reply With Quote
Old 16 March 2018, 06:42 AM   #6
GolfPunk
"TRF" Member
 
GolfPunk's Avatar
 
Join Date: Dec 2010
Real Name: Gary
Location: UK
Watch: WG Daytona
Posts: 4,398
Quote:
Originally Posted by henry333 View Post
If you can afford a pm it might not affect you much. I see it as better then a car. You only take that hit going from new to used once and it holds it there .. as for most cars it just keep dropping and dropping. Even SS watch you take a hit
You certainly do not take a hit on an SS Daytona
__________________
♕ Rolex Daytona White Gold 116509 (Ghost) ♕
GolfPunk is offline   Reply With Quote
Old 16 March 2018, 06:47 AM   #7
101031-28
"TRF" Member
 
101031-28's Avatar
 
Join Date: Jul 2009
Location: USA
Watch: 1665
Posts: 4,764
Is 32K retail or with discount? PM Daytona have varying MSRPs .. 116505/116509 37,450.. 116508 34,650.. etc etc
__________________
He could not just wear a watch. It had to be a Rolex.

Ian Fleming
101031-28 is offline   Reply With Quote
Old 16 March 2018, 06:50 AM   #8
jonnyz1245
2024 Pledge Member
 
Join Date: Dec 2010
Location: Earth
Posts: 2,324
Quote:
Originally Posted by Carrots View Post
Lets say I went bananas and spent 32k on a brand new PM Daytona. What would it likely to be worth the minute I took the stickers off and put it on my wrist?
Are these things like driving a new car off of the lot.............................?

Give it to me straight, please!
Depends on which model. The recently released OysterFlex models are still selling close to retail on secondary market. You can see this on the for sale section. Some older models/dial combos are selling at steep discounts. Do you research on your model and you will find the answer you seek. Put the reference # into the search bar on on watchrecon and Chronos24 and you will get a rough market value. Good luck.
jonnyz1245 is offline   Reply With Quote
Old 16 March 2018, 06:52 AM   #9
peterpl
Banned
 
Join Date: Aug 2012
Location: .
Posts: 6,692
Most Rolex's you will take a hit especially on PM pieces. But if you can afford a PM well you probably don't care about resale. You gotta pay to play.

The only ones you prob wont take a hit on is SS Daytona or a Blue Sky-D.

Watches though are alot better than cars. Now that is an expensive hobby.
peterpl is offline   Reply With Quote
Old 16 March 2018, 06:53 AM   #10
yxc145
"TRF" Member
 
yxc145's Avatar
 
Join Date: Jul 2017
Real Name: David
Location: Chicago
Watch: SkyD,JC, BLNR, Ex2
Posts: 1,578
Quote:
Originally Posted by sensui View Post
I'd say right around 15-20% loss if you try to sell it back to a trusted seller. Probably around a 10-15% loss if you have a good reputation and try to sell it yourself assuming you find a trusting buyer. I think if you're buying PM Rolex, you should really care about the watch and go in thinking you won't sell.....because the loss is for sure there without a doubt.
I thought it would be more than that. Several months ago, I was looking at a BLRO, which appeared to have sit in the case for a very long time (yellow peeling stickers). The dealer kind of hinted 15% to 20% discount if I want it.
I imagine if you sell it used, it will be even lower.
yxc145 is offline   Reply With Quote
Old 16 March 2018, 06:54 AM   #11
Carrots
"TRF" Member
 
Carrots's Avatar
 
Join Date: Oct 2016
Real Name: Mr. Carrots
Location: The Lake
Watch: me eat ribs!
Posts: 57
Thanks all.

MSRP is 37k I think and looking around at these 32k from a non AD is pretty much in the ballpark. 116509.

I do like the OF models, and I do like rubber straps, just not at PM prices.
__________________
3x 114060, 2x 214270, 2x 116520, 116610LV, 116500LN
Carrots is offline   Reply With Quote
Old 16 March 2018, 06:55 AM   #12
Chiboy
"TRF" Member
 
Chiboy's Avatar
 
Join Date: Aug 2016
Location: Chicago
Watch: Daytona
Posts: 5,572
Quote:
Originally Posted by henry333 View Post
If you can afford a pm it might not affect you much. I see it as better then a car. You only take that hit going from new to used once and it holds it there .. as for most cars it just keep dropping and dropping. Even SS watch you take a hit
I bought mine slightly used, for less than wholesale price of a new one. I have no intention to sell it (ever), but kinda figured it would eventually drop perhaps $10k from where I bought it. I now doubt it will depreciate that much, but it was easy to avoid the big drop by buying slightly used. Ask me how much I care that my name isn’t on the warrantee card. It bothers some people, but certainly not me.
__________________
Datejust w/black Tapestry dial (1985) / Daytona (2016)
Chiboy is offline   Reply With Quote
Old 16 March 2018, 06:56 AM   #13
Carrots
"TRF" Member
 
Carrots's Avatar
 
Join Date: Oct 2016
Real Name: Mr. Carrots
Location: The Lake
Watch: me eat ribs!
Posts: 57
And as much as I would buy it with a view to keeping it, I know myself all too well and so the temperature of the resale bath is very relevant to me. Buying used would be an option if it was all going to be cash, but it wouldn’t be. Despite my good looks, I aint made of cheddar!
__________________
3x 114060, 2x 214270, 2x 116520, 116610LV, 116500LN
Carrots is offline   Reply With Quote
Old 16 March 2018, 06:59 AM   #14
Lordofrolex
"TRF" Member
 
Lordofrolex's Avatar
 
Join Date: Sep 2015
Real Name: Brandon
Location: Los Angeles, CA
Watch: Yes Please!
Posts: 6,691
You probably could sell it privately for around 27K~, to a watch broker you'll be below that as they will probably sell it for 27k~ and they need a profit margin.

So its a brand new car type deal
__________________
Rolex GMT Master II 116710LN
Panerai PAM 359
Audemars Piguet RO 15300OR


Follow me on Instagram: @b_jakobovich
Lordofrolex is offline   Reply With Quote
Old 16 March 2018, 08:03 AM   #15
enjoythemusic
2024 Pledge Member
 
enjoythemusic's Avatar
 
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 21,180
40% off msrp is typical loss to resellers, or 30% or so loss to your private sale. Call the usual TRF resellers, tell them you have one for sale and what they'll offer. Please post here what each one offers.

Again, dont take our word for it, call resellers and see what they offer you. Post back.
__________________
__________________

----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <----
https://www.rolexforums.com/showthread.php?t=968133

Love timepieces and want to become a Watchmaker? Rolex has a sensational school.
www.RolexWatchmakingTrainingCenter.com/

Sent from my Etch A Sketch using String Theory.
enjoythemusic is offline   Reply With Quote
Old 16 March 2018, 08:29 AM   #16
Carrots
"TRF" Member
 
Carrots's Avatar
 
Join Date: Oct 2016
Real Name: Mr. Carrots
Location: The Lake
Watch: me eat ribs!
Posts: 57
OK, I have heard enough to very sensibly fold here. I don't doubt you all and so no need to kick tires calling the dealers for phantom figures on ghost watches.

Thanks for killing off my cutesy afternoon daydream before the bit where I fell off the cliff. Apparently these are toys for much bigger boys, and I tip my hat to them
__________________
3x 114060, 2x 214270, 2x 116520, 116610LV, 116500LN
Carrots is offline   Reply With Quote
Old 16 March 2018, 08:34 AM   #17
77T
2024 SubLV41 Pledge Member
 
77T's Avatar
 
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 42,016
Quote:
Originally Posted by Carrots View Post
OK, I have heard enough to very sensibly fold here. I don't doubt you all and so no need to kick tires calling the dealers for phantom figures on ghost watches.



Thanks for killing off my cutesy afternoon daydream before the bit where I fell off the cliff. Apparently these are toys for much bigger boys, and I tip my hat to them


You gave up too fast. A preowned Platona at or under $50K is the best deal since you can move it within a year without much risk. And if you kept it 5 years, it might rise up.


Sent from my iPhone using Tapatalk
__________________


Does anyone really know what time it is?
77T is offline   Reply With Quote
Old 16 March 2018, 08:37 AM   #18
sensui
2024 Pledge Member
 
sensui's Avatar
 
Join Date: Jan 2016
Location: San Diego, CA
Posts: 12,443
Quote:
Originally Posted by yxc145 View Post
I thought it would be more than that. Several months ago, I was looking at a BLRO, which appeared to have sit in the case for a very long time (yellow peeling stickers). The dealer kind of hinted 15% to 20% discount if I want it.
I imagine if you sell it used, it will be even lower.
Definitely more if he's buying MSRP. But with 32k I'm guessing he's looking at a gold bracelet Daytona of some kind grey new. But I could be making assumptions there....my estimation would be based on the patterns I've observed on sale and resale in the grey/used market.

Quote:
Originally Posted by Carrots View Post
OK, I have heard enough to very sensibly fold here. I don't doubt you all and so no need to kick tires calling the dealers for phantom figures on ghost watches.

Thanks for killing off my cutesy afternoon daydream before the bit where I fell off the cliff. Apparently these are toys for much bigger boys, and I tip my hat to them

Don't get discouraged. If your heart is in it for a certain watch, buy the watch you want. Don't think about resale value and just truly enjoy what's on your wrist. It doesn't matter if you're never going to sell it, and if you're buying with disposable income and buying as correctly as possible (either via grey or used), the repercussions is pretty slight compared to the enjoyment/passion you get from the piece you really crave.
sensui is offline   Reply With Quote
Old 16 March 2018, 08:58 AM   #19
MinMay
Banned
 
Join Date: Apr 2015
Location: United States
Posts: 2,410
If you want to invest the 32K, then I say put it into one of the FANG. I can assure you'll be far ahead than the watch. You'll probably see appreciation value if you're lucky to live long enough :) . Also...you'll be spending $1000 every 5 years for maintenance :) . Like other stated, the watch is going to take a depreciation at the beginning, but it will take awhile to go back at even after being "discontinued"....which can take 10 years...and then collectors would want a minty with paper, box, etc.

Now, you should wear it if you're considering spending 32K. Good luck.

I do enjoy this hobby though...it's not about the money...It's about the beauty of a watch. Someday when I win the lotto, I'll want a Daytona 6263 :) . That's my holy grail, but I rather use that money on FANG :)
MinMay is offline   Reply With Quote
Old 16 March 2018, 09:05 AM   #20
enjoythemusic
2024 Pledge Member
 
enjoythemusic's Avatar
 
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 21,180
Quote:
Originally Posted by Carrots View Post
Thanks for killing off my cutesy afternoon daydream before the bit where I fell off the cliff.
Reality, it's a fun concept. Thanks for playjng along.

Dream big, then work towards making it happen.
__________________
__________________

----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <----
https://www.rolexforums.com/showthread.php?t=968133

Love timepieces and want to become a Watchmaker? Rolex has a sensational school.
www.RolexWatchmakingTrainingCenter.com/

Sent from my Etch A Sketch using String Theory.
enjoythemusic is offline   Reply With Quote
Old 16 March 2018, 09:33 AM   #21
lecorsaire
"TRF" Member
 
Join Date: Dec 2015
Location: NYC
Watch: 116710BLNR
Posts: 1,541
Actually while they still take a hit, PM Daytona’s have the best resale value out of all the PM sports watches. They tend to go for more than gold Subs and GMTs. In the current market prices on nearly every Rolex but Datejusts have risen. We’re a week away from Baselworld and still no previews nor any indication that the current situation will change much if at all.
__________________
Rolex 116710 BLNR
Rolex Day Date 118238 Champagne/Batons
lecorsaire is offline   Reply With Quote
Old 16 March 2018, 09:37 AM   #22
HL65
TRF Moderator & 2024 SubLV41 Patron
 
HL65's Avatar
 
Join Date: Dec 2007
Real Name: Ken
Location: SW Florida
Watch: One on my wrist.
Posts: 64,006
Quote:
Originally Posted by enjoythemusic View Post
40% off msrp is typical loss to resellers, or 30% or so loss to your private sale. Call the usual TRF resellers, tell them you have one for sale and what they'll offer. Please post here what each one offers.

Again, dont take our word for it, call resellers and see what they offer you. Post back.
Agree with this with one exception the Oysterflex’s still quite strong especially the WG Steel dial and YG Champagne dial.
__________________

SPEM SUCCESSUS ALIT
HL65 is offline   Reply With Quote
Old 16 March 2018, 09:41 AM   #23
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,369
My rule of gold is after a discount I would take on average a 20% loss on a PM piece, if you can't handle that then you shouldn't be buying these.
AK797 is offline   Reply With Quote
Old 16 March 2018, 09:46 AM   #24
Duey
2024 SubLV41 Pledge Member
 
Duey's Avatar
 
Join Date: May 2011
Real Name: Duey
Location: Maui
Watch: Too Many To List
Posts: 3,598
Quote:
Originally Posted by AK797 View Post
My rule of gold is after a discount I would take on average a 20% loss on a PM piece, if you can't handle that then you shouldn't be buying these.
I like your rule
Duey is offline   Reply With Quote
Old 16 March 2018, 09:49 AM   #25
breitlings
Banned
 
Join Date: Jul 2014
Location: Bethesda
Watch: Apple TV
Posts: 5,744
you might be able to get a zenith gold daytona and I would imagine that would hold. They are less than SS right now, but I have doubts they will be forever.
breitlings is offline   Reply With Quote
Old 16 March 2018, 10:23 AM   #26
Etschell
"TRF" Member
 
Etschell's Avatar
 
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
25k max. they are reselling for 28k list.
__________________
If you wind it, they will run.

25 or 6 to 4.
Etschell is offline   Reply With Quote
Old 16 March 2018, 10:27 AM   #27
watchwatcher
"TRF" Member
 
watchwatcher's Avatar
 
Join Date: Jan 2009
Real Name: Larry
Location: Kentucky
Watch: Yes
Posts: 35,047
Quote:
Originally Posted by Carrots View Post
OK, I have heard enough to very sensibly fold here. I don't doubt you all and so no need to kick tires calling the dealers for phantom figures on ghost watches.

Thanks for killing off my cutesy afternoon daydream before the bit where I fell off the cliff. Apparently these are toys for much bigger boys, and I tip my hat to them
Well...I don't want to kill off anyone's dreams.

You are looking at strictly worst case scenario, say you had to dump it right after you got it and put some nice scratches on it. Let's say you just had to have the cash for some reason. Or you just didn't bond with it.

Here's another scenario. Let's say you found a good deal on a mint or LNIB watch. You like the watch and nothing catastrophic happens so you hang on to it for awhile. As you do that, prices rise either due to scarcity, discontinuation, or a price raise. Now you're sitting there with a gold watch you can dump and not lose anything. And I say again, you're sitting there with a gold watch...
watchwatcher is offline   Reply With Quote
Old 16 March 2018, 10:30 AM   #28
101031-28
"TRF" Member
 
101031-28's Avatar
 
Join Date: Jul 2009
Location: USA
Watch: 1665
Posts: 4,764
Quote:
Originally Posted by AK797 View Post
My rule of gold is after a discount I would take on average a 20% loss on a PM piece, if you can't handle that then you shouldn't be buying these.
This
101031-28 is offline   Reply With Quote
Old 16 March 2018, 10:42 AM   #29
4srolex
"TRF" Member
 
4srolex's Avatar
 
Join Date: Dec 2014
Location: West Coast
Watch: Gears in motion
Posts: 572
RG Daytona Oysterfex has SRP of $28,800. An AD offered to sell it me for $26,495 which is an 8% discount. TS and AD is pretty close in price on a PM Daytona.

A used 116515 on a leather strap will go for 18-19K.


Quote:
Originally Posted by Carrots View Post
Thanks all.

MSRP is 37k I think and looking around at these 32k from a non AD is pretty much in the ballpark. 116509.

I do like the OF models, and I do like rubber straps, just not at PM prices.
__________________
Rolex, Zenith, Omega, Tag Heuer

When people ask how was your day? I tell them: "Same circus just different clowns!"
4srolex is offline   Reply With Quote
Old 16 March 2018, 11:10 AM   #30
WJGESQ
Banned
 
Join Date: Jan 2008
Location: Florida
Posts: 3,753
Quote:
Originally Posted by Chiboy View Post
I bought mine slightly used, for less than wholesale price of a new one. I have no intention to sell it (ever), but kinda figured it would eventually drop perhaps $10k from where I bought it. I now doubt it will depreciate that much, but it was easy to avoid the big drop by buying slightly used. Ask me how much I care that my name isn’t on the warrantee card. It bothers some people, but certainly not me.
Smart way to bounce.
WJGESQ is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches

OCWatches

Asset Appeal

Wrist Aficionado


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.