The SS Daytona market is crazy!!!

[walds11]

I also posted this to Bo's thread "Is the Daytona Saga over," but I thought I would start a new thread. I am very intrigued about how the SS Daytona market works and there is no exact science to it. Plus it's my favorite chrono and probably my favorite over-all watch.

I know this forum and others represent a small population but it seems like more people than ever are "getting the call." Some people are even getting mulitple calls from different ADs in a short period of time. Maybe a ramp up in production for the holidays? This "excess" supply as of late has caused prices to drop a little. You usually see a dip in prices after the holidays, not now. And you don't see many of these secondary watches selling. Maybe because of the economy (atleast in the US)? I wonder what kind of impact an impending price increase will have on the SS Daytona market? I could go on and on...

[GoldenBear]

Since 9/11 the U.S. economy has been going through terrible times. Between the stock market, IPO melt-down, the weak dollar, the recent sub-prime loan debacle, outsourcing of jobs to third world countries...I could go on and on. That has had a major impact on disposable income for a lot of Americans. Enough to impact a few thousand (or less) people buying an over-priced luxury watch...I don't know. I doubt it. There is still tremendous wealth out there and more being created everyday. FYI- a home on Belvedere island (in S.F. Bay) just sold for $64 million USD last week. $12k for a watch. No problem...for those that feel they need or want it.

[Versus]

Originally Posted by walds11

I also posted this to Bo's thread "Is the Daytona Saga over," but I thought I would start a new thread. I am very intrigued about how the SS Daytona market works and there is no exact science to it. Plus it's my favorite chrono and probably my favorite over-all watch.

I know this forum and others represent a small population but it seems like more people than ever are "getting the call." Some people are even getting multiple calls from different ADs in a short period of time. Maybe a ramp up in production for the holidays? This "excess" supply as of late has caused prices to drop a little. You usually see a dip in prices after the holidays, not now. And you don't see many of these secondary watches selling. Maybe because of the economy (atleast in the US)? I wonder what kind of impact an impending price increase will have on the SS Daytona market? I could go on and on...

As you intimated, I honestly think this forum is an unrepresentative slice of the Rolex purchasing market. The people on this forum are those who have actively hunted down information, and consequently at least originally have had obsession for the brand to a greater or smaller degree.

Accordingly you are always going to have a high concentration of those who would kill to get a Daytona and report their successes and failures in achieving it. The biggest indicator of the continuing demand is inflation of the grey market price over the last year or so from a median of around $10.5K to more like $11.5K.

Further, a lot of the people on this forum are very smart with their money (unlike me), and wouldn't pay over MSRP regardless of the product. Accordingly, they went on wait lists and are reaping the benefits now - years later. That would also account for the increased calls.

[Prince]

Originally Posted by Versus

...Further, a lot of the people on this forum are very smart with their money (unlike me), and wouldn't pay over MSRP regardless of the product...

Or appreciate a different take on the Daytona in the first place, as well as all of your other fine points!

I am more than happy with my Daytona - don't have any lust for the SS version at all:

[ohsixx]

I agree. Go TT.

[Floridadogg]

I never felt a "lust" for a SS Daytona. When one became available at MSRP however, I snapped it up. I think I will keep my 116523 as well since the pricing is soft on it. I will probably have a MOP white dial installed.

BTW, GDP was up 4.6% in the 3rd quarter this year, a record. Despte the wailing by the press and the Democrats, the US economy is very strong. There are billions of dollars being spent on luxury items daily. A few thousand $12K watches are a proverbial fart in a tornado.

[Versus]

Originally Posted by Prince

Or appreciate a different take on the Daytona in the first place, as well as all of your other fine points!

I am more than happy with my Daytona - don't have any lust for the SS version at all:

Thanks Prince, if I didn't have a SS Daytona that's the TT I would get. She's a beauty

[llamaofdoom]

The two NIB black dials I just sold went for between $10-$11K to local dealers. They're only asking approx. $11.5K for the watches.

Demand is somewhat soft right now...at least it's soft at grey market prices.

[diamonddatejust]

I just had a dealer offer me $9500 for my "M" serial # SS black dial Daytona. All seals intact,less then 2 weeks old and bought from local AD. He said thats all he can give. I laughed and walked out as he has used "Z" serial #'s in his display window for $11,900 and an unworn "M" serial # for $12,400.

[CoopJr]

Originally Posted by Floridadogg

BTW, GDP was up 4.6% in the 3rd quarter this year, a record. Despte the wailing by the press and the Democrats, the US economy is very strong.

Yeah lets forget that pesky 9 trillion dollar debt we have, the sub prime mess, the record foreclosures, the credit crunch that is getting worse, record high gas, food and oil and the fact that the dollar is at or near historic LOWS against the currencies of almost every industrialized nation in the world. Must be the media and the Dems just making it all up. Sorry I know,

[waeleldasher]

Last time I heard on Market Place on NPR, luxury good sales are actually up in the US.

[LawMan]

I think the market is actually getting a little soft. D series can be had for 9500 and Z for less than 10,500. Been there done that and without a date function i find the watch not to my needs. Dealers with Z's for 11900 are waiting for suckers.

[marshallr47]

I'm not a smart man when it comes to the economy. Especially since I paid over MSRP for my SS Daytona. I do however know that I love my watch and that's what counts. For those that can acquire them at MSRP...hooray!!!! You did extremely well.

[watchnut]

Originally Posted by CoopJr

Yeah lets forget that pesky 9 trillion dollar debt we have, the sub prime mess, the record foreclosures, the credit crunch that is getting worse, record high gas, food and oil and the fact that the dollar is at or near historic LOWS against the currencies of almost every industrialized nation in the world. Must be the media and the Dems just making it all up. Sorry I know,

That big debt is just like my portfolio losses. My broker says "It's only on paper!" We little people don't have a clue what's going on and never will. We'll just play the cards we're dealt and live with it!

[Oyster Lover]

I wish the whole Daytona craziness would just go away... I mean, I'd buy the darned watch because its a looker, but to pay way over retail for it? Never. To buy it from a grey dealer? Never.

[sharif]

The diamond district in NYC today was flooded with SS Daytonas. I havent seen so many in one place...in my life. Without even counting, several aftermarket dealers had about 3-5 of them in the display windows. Of course, they were asking for $12K- $13.5K for them. :)

[59*]

Originally Posted by watchnut

That big debt is just like my portfolio losses. My broker says "It's only on paper!" We little people don't have a clue what's going on and never will. We'll just play the cards we're dealt and live with it!

ITs not a partisan problem, the debt is not just a paper loss, its an integral part of our problem that will sink the US Ship. Wise people would be loading up on precious metals as we speak as I rather think SHTF is approaching. Our Fuc$%#'d central bankers have finally got us screwed and most people(sheep) don't even see it coming.

[walds11]

Thanks for the responses guys. I love the watch and this subject.

I wonder what kind of impact an impending price increase will have on the SS Daytona market?

[billhk]

Send them all to HK, we don't have enough
and prices haven't gone down at all.
ask any AD and they say " come on the ss models are all sent to the boss's friends and best customers, so no chance to get one into our shop, not even one per year"
i wonder where those guys who mention they see them brand new in HK shop windows with the price marked, the must be hallucinating, never seen one
p.s.black dial commands abt USD700 more than white dial

[Floridadogg]

Originally Posted by CoopJr

Yeah lets forget that pesky 9 trillion dollar debt we have, the sub prime mess, the record foreclosures, the credit crunch that is getting worse, record high gas, food and oil and the fact that the dollar is at or near historic LOWS against the currencies of almost every industrialized nation in the world. Must be the media and the Dems just making it all up. Sorry I know,

94% of homeowners are making their mortgage payments on time. I don't see the urgency of $9 trillion debt when the debt is a record low percentage of GDP. Hey Allan, you will vote for the democrat anyhow so we shouldn't talk politics here. I like my ROLEX (s), golf, living in America, my dog, my wife, and all the other things I am blessed with as an American.

[Welshwatchman]

Back on topic ...

I reckon 2008 will be the year of increased supply of the SS Daytona and therefore "sensible" (£4400 for a steel watch !!) prices in the secondary market.

There again I may be completely wrong.

[Prince]

Originally Posted by Versus

Thanks Prince, if I didn't have a SS Daytona that's the TT I would get. She's a beauty

Thanks, Versus. You would be most happy with one, I can assure you!

[rpryan55]

Patek prices are crazy, my friend. An SS Daytona is relatively cheap considering that, to get the cheapest automatic Patek Philippe makes, you're gonna spend 2-4K more than the SS Daytona. I have one, and I got it new below MSRP - but I'm a great customer for any watch store and they need to take care of me. BTW, the lack of a date on the Daytona makes it less than my favorite watch - but it's fun on a Saturday morning, when I'm driving the porsche.....

[SPACE-DWELLER]

Well, it does seem like hundreds of SS Daytonas are hitting the market, but when you see from this narrow scope (us TRF'ers presenting yet another SS Daytona), I don't think you get a realistic picture of how it is like "out there".

Normally, there is a tendancy for the SS Daytonas to come at the end of a month primarily in either the spring or the autumn:

Attachment 15710

And that some extra SS Daytonas were gonna released up to Xmas was only to be expected.

[5150Sooner]

Originally Posted by marshallr47

I'm not a smart man when it comes to the economy. Especially since I paid over MSRP for my SS Daytona. I do however know that I love my watch and that's what counts. For those that can acquire them at MSRP...hooray!!!! You did extremely well.

Amen. Well said.

That is about one of the smartest and most honest things I have read in a long time.

[incabloc]

Originally Posted by Floridadogg

94% of homeowners are making their mortgage payments on time. I don't see the urgency of $9 trillion debt when the debt is a record low percentage of GDP. Hey Allan, you will vote for the democrat anyhow so we shouldn't talk politics here. I like my ROLEX (s), golf, living in America, my dog, my wife, and all the other things I am blessed with as an American.

Lokks like you are an economic ignorant, and rightlt so should stay out of politics or economic subject, as you mentioned.

2008 ... look on, bro...