SD43 demanding Daytona C premiums?

[AS1]

Originally Posted by schnitzerphilip

Good post and I respect your opinion. Here's my counter to your argument:

Vintage (I own several pieces) is high-risk. We're at or near the very top of the market and these watches don't last forever, we know they have parts like bezels, dials, hands, and cases that all erode over time, and the retro craze can go out of fashion in a finger snap. So to say that they "could go up" needs to be cautioned with a very big "yeah, but they could go way down too" if finicky trendy buyers decide that old cameras or Sony Walkmen are the next must-have instead of a piece of jewelry.

As for "wasting money", how do you define that? Just last week I paid my terrible football team $4,500 for season tickets that will probably produce the enjoyment of one home victory. Over the weekend, I paid $7,000 for two of my kids to attend 7 weeks of summer camp. Just today, I paid $3,200 for 2 nights hotel in Santorini Greece for a trip in June. Tickets, camp, vacation. $14,700. Is that "wasted"? All my family is going to get are some memories, by the time October rolls around it would seem that we lit that money on fire.

So what's the big deal about overpaying $3,500 to get a Daytona that will live on my wrist for 20 years? Am I not getting more enjoyment and more "value" for my money through a watch than these other endeavors?

you sound like a fellow Jets season ticket holder... i feel the pain, trust me...

[Stirling Moss]

So I don't want to stir up more controversy, but where did David a watch like this Sea Dweller? It's not like he's helping out a dealer with moving inventory out of Rolex's accounting reaches. Any dealer could sell this in a heartbeat with no discounting. Is there a cash bonus kick back?

[brandrea]

Originally Posted by Stirling Moss

So I don't want to stir up more controversy, but where did David a watch like this Sea Dweller? It's not like he's helping out a dealer with moving inventory out of Rolex's accounting reaches. Any dealer could sell this in a heartbeat with no discounting. Is there a cash bonus kick back?

He bought it from an AD.. It's the only way to buy one

[gregmoeck]

Originally Posted by Stirling Moss

So I don't want to stir up more controversy, but where did David a watch like this Sea Dweller? It's not like he's helping out a dealer with moving inventory out of Rolex's accounting reaches. Any dealer could sell this in a heartbeat with no discounting. Is there a cash bonus kick back?

Perhaps the dealer knows David and said I will sell it to you for 14k instead of one of my customers for retail price...the ad makes 2k, does not have to deal with the customer and said reseller marks it up another 2k

[Bigsykedaddy]

Originally Posted by Stirling Moss

So I don't want to stir up more controversy, but where did David a watch like this Sea Dweller? It's not like he's helping out a dealer with moving inventory out of Rolex's accounting reaches. Any dealer could sell this in a heartbeat with no discounting. Is there a cash bonus kick back?

He could have paid over retail like some said, but more than likely he spent probably $200k last year with that AD buying slow movers and SS sports models alike and he's probably one of the ADs best customers so he gets first dibs (just my guess of course, but it makes sense)

[japenney]

David is allowed to ask whatever he wants. Like someone said there are plenty of people with money to burn. All it takes is one. That being said...im sure if you walked into an AD and offered them a large premium on a 43mm SD they would have you one in a week or so...and then you could have it straight from the horses mouth.

[gregmoeck]

Originally Posted by japenney

David is allowed to ask whatever he wants. Like someone said there are plenty of people with money to burn. All it takes is one. That being said...im sure if you walked into an AD and offered them a large premium on a 43mm SD they would have you one in a week or so...and then you could have it straight from the horses mouth.

I don't know...I think some of the greys spend several hundreds of thousands a year at a single AD and they get first dibs on anything they want.

[gregmoeck]

Originally Posted by japenney

David is allowed to ask whatever he wants. Like someone said there are plenty of people with money to burn. All it takes is one. That being said...im sure if you walked into an AD and offered them a large premium on a 43mm SD they would have you one in a week or so...and then you could have it straight from the horses mouth.

I don't know...I think some of the greys spend several hundreds of thousands a year at a single AD and they get first dibs on anything they want. Also many AD would love to have the back door relationship and would overnight the hot watch just to start the flow.....

[AS1]

Originally Posted by gregmoeck

I don't know...I think some of the greys spend several hundreds of thousands a year at a single AD and they get first dibs on anything they want. Also many AD would love to have the back door relationship and would overnight the hot watch just to start the flow.....

absolutely right. grey market makes the Rolex world go round, it's just the Rolex Service Center in NY who don't play along

[dnpina]

Good for David. And good for whatever individual has enough dough to spend it on an impractical anachronism. It's not my money.

[Lol-x]

It all comes down to what one perceives as 'value' which is a very personal subjective matter.

[gregmoeck]

There is probably not even any actual cash exchanged at this point...

[Brian Page]

Interesting stuff guys... We'll have to see how the market goes on this one. Cool watch though... I think David has the right to get whatever he can get on a hard to find piece. Seems like the same thing every year...

[Mick P]

Originally Posted by Ferdelious

DavidSW has the first SD43 listed for $18k on his website. Is it really going to demand that premium?

If someone want's it and if they have the spare cash, it is their business and no one elses. No need for us to even comment on it.

Presumably DavidSW will pay tax on the profits, so the taxpayer gets a share of the action. What's not to like about it.

Regards

Mick

[bdex75]

Supply and demand. As simple as that. And a lot of Daytona "wait listers" who are getting yanked around to help fuel the demand fire.

Would I pay that, nope. Will David get it, yep. If he hasn't got it already.

The heart wants what the heart wants and sometimes the brain can't/won't get in the way.


Sent from my iPhone using Tapatalk

[Ferdelious]

Wow this thread escalated quickly! It was never my intention to bash David, he is the best in the business IMO and I am a customer. I only used him as an example because he was not surprisingly the first grey dealer to receive one. I just couldn't believe that this watch could demand a Daytona C premium but I guess there are those that might pay it.

[schnitzerphilip]

Originally Posted by Ferdelious

Wow this thread escalated quickly! It was never my intention to bash David, he is the best in the business IMO and I am a customer. I only used him as an example because he was not surprisingly the first grey dealer to receive one. I just couldn't believe that this watch could demand a Daytona C premium but I guess there are those that might pay it.

I don't think anyone criticized David, in fact I think this thread brought to light that a) grey market dealers are to be respected for bringing rare new Rolex product to buyers who lack special AD relationships and b) grey market buyers paying over MSRP are part of the Rolex family and shouldn't be treated as 'fools' because they don't play by established Rolex rules and can buy their way out of AD purgatory.

Grey market rocks. I'd be waiting 6 more years for a Daytona Ceramic if not for them, they allowed me to get out of the Rolex caste system, I'm very grateful.

[OgSnowflake]

Not any different than my local Porsche dealer wanting 20-50k over sticker for a new gt3 allocation..you can't buy one anywhere else, wait lists are heavy, no idea what kind of numbers will be released....so what are you forced to do if you want one bad enough.... pay

You can't buy a sd43 anywhere else right now...wait lists are heavy... no idea what kinda numbers will be released ... if you want it bad enough...you gotta pay

If you're the only one who holds the product,you set the price.

Hope he gets every bit of his ask price, only fools leave money on the table when the demand is scorching hot. I'd keep raising it 2-3k bucks every time I got another one til they stopped selling.

[waterman1]

Watch is showing "sold". I think he sold it.

[brandrea]

Originally Posted by waterman1

Watch is showing "sold". I think he sold it.

Shocker

[waterman1]

Are these not trickling into the AD's now? I thought they were. It seems a few people got the first batch and so I would suspect more will show up soon or are already at the AD?

[brandrea]

Originally Posted by waterman1

Are these not trickling into the AD's now? I thought they were. It seems a few people got the first batch and so I would suspect more will show up soon or are already at the AD?

From what I was told, the Boutiques are getting the first allocations

I would imagine there is a pecking order to which AD's get what new releases and when.

[gregmoeck]

A new one is listed and this time with stickers in place... Same price

2 in 24 hours

He probably has a case of them :-)

[Goin2drt]

Originally Posted by gregmoeck

A new one is listed and this time with stickers in place... Same price

2 in 24 hours

He probably has a case of them :-)

Yep probably does. Don't blame him, blame Rolex.

[oldman2005]

Originally Posted by gregmoeck

Beautiful watch regardless, I hope get one next year!

[locutus49]

DavidSW has a great business model. I congratulate him on his savvy.

[Goin2drt]

Originally Posted by locutus49

DavidSW has a great business model. I congratulate him on his savvy.

I concur.

[dera]

Looks like it is much easier to obtain than previously thought. First were delivered quickly to AD's after Basel, and seems like it's a monthly supply now - the premium will die quickly (unlike Daytona which still is a 3-4 a year piece for most ADs).

[jbenjamin1]

David is a fair business man. He lists what he feels the watch will command. More power to him!!

[gregmoeck]

He sold 1 already, we are tracking this second piece

https://www.rolexforums.com/showthread.php?t=537391