116500 dilemma

[inadeje]

SS - 22k WG - 26k am I the only one here who doesn’t understand why wg isn’t the logical choice ?

[Spoonage]

For me if I was going to buy and pass to my kids, if buying new (meaning a non vintage piece) it better have my or their name on it. Build a good relationship with your AD. It was several years ago that I got mine, but I only waited 3 months.

[RJRJRJ]

Originally Posted by LooseCann0n

In the same position too, albeit in UK.
Am considering the following strategy:

Buy the one I want -white dial DaytonaC from grey dealer - currently around £17-19k.
Put myself down on a list (or 5!) with an AD with a wait of 1-5yrs
Enjoy my premium prices watch
If/when the AD watch comes up at £9500 (plus any increases) buy this.
Sell used grey watch for around same price £17-19k (plus hopefully some increase)
That way overall cost will be MRSP, albeit with opportunity cost with my original outlay. I am happy with tying up my £17k for the foreseeable...

Does anyone see any flaws with this strategy, bearing in mind I am new to this game (previously an Omega enthusiast)?

You're a) assuming that prices will remain stable or increase, and b) assuming that your dealer is actually going to call you one day with one.

I have a friend in the same boat, and I told him that I personally wouldn't pay gray prices (and I own one), but at the same time it's really the only option, so I understand.

If you want to go gray, go for it, and then hope the second part of your plan comes through.

[sensui]

It you think your dealer will eventually allocate you one (IMO not hard to tell), I'd wait. Otherwise ask yourself seriously if you want it for yourself or only because it's hard to buy. Only then if you say you must have the watch, then buy grey if you lost faith at your AD.

[scooba]

Originally Posted by Fedpete

If you can float the cash it sounds like a great idea.


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Why not the returns from the bank are next to nothing

[strafer_kid]

Originally Posted by RJRJRJ

You're a) assuming that prices will remain stable or increase, and b) assuming that your dealer is actually going to call you one day with one.

I have a friend in the same boat, and I told him that I personally wouldn't pay gray prices (and I own one), but at the same time it's really the only option, so I understand.

If you want to go gray, go for it, and then hope the second part of your plan comes through.

Yes...that plan whilst good definitely, depends on both elements coming good. Good luck in any event.

[Devildog]

Originally Posted by LooseCann0n

In the same position too, albeit in UK.
Am considering the following strategy:

Buy the one I want -white dial DaytonaC from grey dealer - currently around £17-19k.
Put myself down on a list (or 5!) with an AD with a wait of 1-5yrs
Enjoy my premium prices watch
If/when the AD watch comes up at £9500 (plus any increases) buy this.
Sell used grey watch for around same price £17-19k (plus hopefully some increase)
That way overall cost will be MRSP, albeit with opportunity cost with my original outlay. I am happy with tying up my £17k for the foreseeable...

Does anyone see any flaws with this strategy, bearing in mind I am new to this game (previously an Omega enthusiast)?

Originally Posted by inadeje

Yes, just one flaw. We on this board have convinced ourselves that SS rolexs will always be at these prices. Many will be in for a surprise. All bubbles burst.

The Daytona bubble has never burst (in the UK). And I'd be happy to bet the current Daytona premium that it never will.

People with the means to pay over the odds for something that is very hard to get (the Daytona has always been as elusive as unicorn tears in the UK since the days of the Zenith Daytonas) will always exist, no matter what turns the economy (global or otherwise) takes.

[shoppy]

I went grey as I would rather enjoy a few years of wearing my watch and if my AD ever delivers. Than great, if not I have still enjoyed my watch.

[AK797]

Originally Posted by LooseCann0n

In the same position too, albeit in UK.
Am considering the following strategy:

Buy the one I want -white dial DaytonaC from grey dealer - currently around £17-19k.
Put myself down on a list (or 5!) with an AD with a wait of 1-5yrs
Enjoy my premium prices watch
If/when the AD watch comes up at £9500 (plus any increases) buy this.
Sell used grey watch for around same price £17-19k (plus hopefully some increase)
That way overall cost will be MRSP, albeit with opportunity cost with my original outlay. I am happy with tying up my £17k for the foreseeable...

Does anyone see any flaws with this strategy, bearing in mind I am new to this game (previously an Omega enthusiast)?

Generally this will be OK, you will probably take a loss on the spread with a grey dealer of £2/3K so no big deal even if prices do stabilise if the econ slows.

[LooseCann0n]

Originally Posted by Devildog

The Daytona bubble has never burst (in the UK). And I'd be happy to bet the current Daytona premium that it never will.

People with the means to pay over the odds for something that is very hard to get (the Daytona has always been as elusive as unicorn tears in the UK since the days of the Zenith Daytonas) will always exist, no matter what turns the economy (global or otherwise) takes.

This I agree with. Was going on a list for one back in 2005 with an AD I had a relationship with (previous Omega purchases) and think was quoting £8k (forgive me if this is not accurate; whatever the MSRP was then) and a wait time or around 2 years. Didn’t do it as thought I am not going to wait 2 years.
However that watch is now trading for what £12-13k.

For me the current DaytonaC will be a keeper so even if the bubble bursts and prices decline, am sure in 5-10 years will see these prices again..

[PatronMTL]

if youre worried about prices going up, and are ok with paying current grey prices, buy grey and if ever youre AD pulls through in the future, resell that one to recoup the premium you paid now for grey (assuming prices stay that high)

[edyu]

Originally Posted by Fedpete

Hey Guys—

This is a WWYD question.

I remember years ago reading the article from HODINKEE with Clymer and Mayer gushing about the 116500 and John saying that he could see them selling for 30k one day.

It’s sad to say, but at 22k bnib he’s not far off.

With that said do I attempt to wait and play the “I’m on a list” game with some ads and run the risk of potentially never seeing one or do I cut my losses now and suck it up and buy grey?

This is the grail watch, pass down to the kid piece. I am afraid if I wait any longer it will reach the inaccessible point for me and three years down the road when I still don’t have it grey will be around 30k.

Love and respect all your thoughts.

Thank you guys.


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It seems you have put a lot of thoughts into it.

My take is that IF this is the ONLY piece you ever want then buy it from grey.

As for when, ask yourself do you believe there will be a short term global downturn.

If you say yes then wait a year or two for the downturn and buy it then.

If you say no then just buy it now.

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[bonovox]

It's a tough spot. I'd encourage you to build a relationship with your AD, but I certainly don't fault anyone for paying the premium. You know what's best for you. Good luck!

[psv]

It is a nice watch, but it is truly your grail? It is so easy to fall for the hype, the momentum for a model, the allure of owning one...

Personally, as much as I adore the history and significance of the Daytonas, I'm done with them. I've owned 116520 black, 116520 white and 116500 white. I so want to love it, but I find them hard to read, and even harder to use with the screw down pushers. It wears so well, and looks good, it just isn't a very practical watch in my book, and I put function over form.

But I did impress a lot of people wearing a 116500 white on the wrist... ;-)

[Token74]

As many have said, look carefully at the 116519 LN instead.

Best in mind some AD’s will suddenly find a Daytona put back for a customer willing to buy something else that they can’t shift! If you are willing to pay 22k, perhaps find an AD that sells jewellery, find a piece of jewellery that you think the wife will like that is priced at broadly the difference between the Daytona and 22k, and then see if a deal can be done. Markup on jewellery is high, it may work!

If it works, you have a Daytona from an AD with you name on the card, and a treat for the wife, for the same cash as you’d have spent on a grey Daytona. And, you now have a relationship with an AD


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[blanzR]

It's all down to your relationship with your AD

[epc2]

Originally Posted by blanzR

It's all down to your relationship with your AD

+1 , when I read these threads I appreciate more and more my relationship with my AD.