116500LN Daytona resale prices dropping

[timeex1]

great stats... hopefully, it comes down more.

[Sammk]

Great post...

Originally Posted by etp

I bought my first Rolex earlier this year. After getting bit by the bug, I built a little side project to collect watch prices online. I find it interesting to see these trends.

One of the most interesting valuations being the resale value of 116500LNs. The resale value has fallen from $18k in October now down to ~$16,500. From the data, it doesn't look like that drop will slow either.

Anyway hopefully this is interesting to others. If you have a watch you'd like me to look up the value from my data, just let me know. Happy to help!

Happy holidays!

[yjfang]

Exactly. Need to adjust for seasonality. Consumers broke after the Holidays, New Year(s), SIHH/Basel, Tax season.

Originally Posted by Atleo

Really cool data. It will heat or cool again after Basel. I imagine it depends on anticipation vs delivery of any new models that materialize or fail to.


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[yjfang]

Also the black dial version seems to be going for a $1K cheaper than the the white dial version.

Originally Posted by etp

I was expecting it to keep dropping as more inventory comes out. I'll try dig in further to see any trends on the numbers I'm seeing coming up for sale. I'm really interested to see if there is a steady number of watches coming out for resale or if it is picking up. Trying to gauge if Rolex is making more today vs last year (or if it holds steady).

[josephvman]

I'm kind of surprised that there isn't a bigger spread between them, but maybe that's my personal bias preferring the white dial. It's going to be interesting to see what Basel has in store, and if the next big thing turns some of the attention away from the Daytona.

Originally Posted by yjfang

Also the black dial version seems to be going for a $1K cheaper than the the white dial version.

[Rol604]

I think many people prefer the black dial in non-ceramic.

[Maxy]

Originally Posted by etp

If you have a watch you'd like me to look up the value from my data, just let me know. Happy to help!

Can I know the stats for 16570? The older Explorer II ? I see its decreasing now. Thanks.

[fishingbear]

This is very interesting information, thank you for putting in the time to compose it.

[Case61]

ETP: Thanks so much for your hard work and this great info.

[etp]

Originally Posted by Case61

ETP: Thanks so much for your hard work and this great info.

[10splaya]

Crazy now the pricing is double retail at best! I wonder in 8 years time if these watches will still be worth it!

[IGY]

Originally Posted by josephvman

I'm kind of surprised that there isn't a bigger spread between them, but maybe that's my personal bias preferring the white dial. It's going to be interesting to see what Basel has in store, and if the next big thing turns some of the attention away from the Daytona.

Sorry, just seen this is for the 116500LN.

(But for the 126500LN in the UK the spread is wider: about £1.5-2k currently - in the UK. $1.29:£1).

[Mystro]

Holy old thread….. In time history has shown almost every Rolex will seem like a good deal if you keep it long enough.
Moral of the story is buy to wear long term and don’t worry about the entry cost of ownership.

[Henrimontgomery]

Originally Posted by Mystro

Holy old thread….. In time history has shown almost every Rolex will seem like a good deal if you keep it long enough.
Moral of the story is buy to wear long term and don’t worry about the entry cost of ownership.

Unless it’s a yacht master

[thegrandseirolexguy]

Interesting to see this thread revived.

All that Covid stimulus money had to go somewhere since our fiat currency had been debased, hence the inflation of everything.


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[thegrandseirolexguy]

Originally Posted by Henrimontgomery

Unless it’s a yacht master

Guess I’ll be losing some coin on mine haha.


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[iatacs19]

Very useful tool and such great news!

[Mystro]

Originally Posted by thegrandseirolexguy

Guess I’ll be losing some coin on mine haha.


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It only matters if you sell…..

[Socal Runner]

This usually happens (price drop) over time after the new reference comes out. Not denying market trends but also wanted to mention this.

[scooba]

I see this and thought where would you get a 116500 for $16500 , then realised it was 7 yrs old , I still have a pair off 116500 from 2016 and they was £8250 each .

[jcdevoe26]

Originally Posted by Mystro

Holy old thread….. In time history has shown almost every Rolex will seem like a good deal if you keep it long enough.
Moral of the story is buy to wear long term and don’t worry about the entry cost of ownership.

agreed

[amphr1]

Oh man took me way too long to realize this is a very old thread. I thought I'm going crazy because I'm sure they are still up at $24k for black dial this week.

[londondude]

Very interesting data, thanks for doing this!

[gekido3uzf]

Is OP still around? Would love to see this updated with current pricing / trends.

And great job reviving this zombie thread, lol.

[t65tampa]

I'm not surprised the prior model's general resale price is dropping a bit. The same type of client that was given an opportunity to buy a Daytona from their AD with the last model is the same type of person that has access to buy the new model. If you had the old model and could now buy the new model at MSRP, I completely understand that you could easily dump the old model to your local gray market reseller for a sweet little profit, even though it might not be what it was a year or two ago. No big problem.

I got a Daytona from my AD a few years ago and got the newest model just recently. I'm going to keep both because that's how I roll with watches, but I understand why getting one model and another as an update could trigger letting the old one go to the reselling market.