Paying 18K for Daytona Steel 116500LN

[stratguy]

I'm sorry, but these prices are outrageous for an overly-hyped watch. I swear that most of us are drawn to these pieces (BLNR, Hulk, DaytonaC, etc.) due to their scarcity, and not because they are truly fantastic pieces. It's amazing what our minds lead us to believe. The Tudor BBN is a great example. Everyone wanted the the in-house movement when it came out, and now that people start talking about how rare they are, a feeding frenzy ensues.

I agree with the post above, buy a Speedmaster Professional and put $14K in the bank. Just one member's rant...I'll stop now.

[lecorsaire]

No, I would never pay $18k for a steel Rolex unless that were the retail price. You're entering pre-owned PM territory as well as haute horlogerie territory. A $1-1.5k premium sure. It'll probably cost that much by the time you're able to get one for retail. Always remember it's just a SS sports Rolex. Is it really worth the price of two watches like the BLNR and Hulk for example?

I would disagree with stratguy a little bit. They are fantastic pieces. They are all iconic and have rock solid in house movements from the most iconic watch manufacturer in history. They are worth their MSRP without a doubt. The Daytona MSRP is inflated imo. I doubt the 4130 is any more expensive to produce than a 3186, 3235 or 3135 but it's still reasonable when you're getting perhaps the most iconic chronograph and you have to pay double or triple the price for one from AP and others.

[Seaswirl]

Originally Posted by stratguy

I'm sorry, but these prices are outrageous for an overly-hyped watch. I swear that most of us are drawn to these pieces (BLNR, Hulk, DaytonaC, etc.) due to their scarcity, and not because they are truly fantastic pieces. It's amazing what our minds lead us to believe. The Tudor BBN is a great example. Everyone wanted the the in-house movement when it came out, and now a people start about how rare they are, and a feeding frenzy ensues.

I agree with the post above, buy a Speedmaster Professional and put $14K in the bank. Just one member's rant...I'll stop now.

Speedy Pros are great, and I own one as well. They’re no Daytonas though, and there’s a reason they cost substantially less.

[lecorsaire]

Originally Posted by Seaswirl

Speedy Pros are great, and I own one as well. They’re no Daytonas though, and there’s a reason they cost substantially less.

Apart from costing less than half on average new from the AD, Omega has just released way too many versions of the damn watch. Hesalite, sapphire, manual, automatic and on and on. The more versions you have of something the more you devalue the product. With the Daytona your choice is white or black dial. With the Submariner it's Date or ND and before the LV and LVc it was either black date, nd or gold/blue gold/black. Yes the serti dials as well but choices are very limited.

Why are Apple's residuals stronger than other computer and phone manufacturers? Without a doubt because they offer very few models and configurations. Other manufacturers have dozens and dozens of configs and are releasing something new every couple of months.

[aquatimerfla]

Originally Posted by Seaswirl

Speedy Pros are great, and I own one as well. They’re no Daytonas though, and there’s a reason they cost substantially less.

Your correct. Speedy Pro actually has legitimate history and heritage unlike the Daytona.

[aquatimerfla]

Originally Posted by lecorsaire

Apart from costing less than half on average new from the AD, Omega has just released way too many versions of the damn watch. Hesalite, sapphire, manual, automatic and on and on. The more versions you have of something the more you devalue the product. With the Daytona your choice is white or black dial. With the Submariner it's Date or ND and before the LV and LVc it was either black date, nd or gold/blue gold/black. Yes the serti dials as well but choices are very limited.

Why are Apple's residuals stronger than other computer and phone manufacturers? Without a doubt because they offer very few models and configurations. Other manufacturers have dozens and dozens of configs and are releasing something new every couple of months.

Block out all the noise. There is only one speedmaster professional that matters.

[arinsd]

OP. I think if that’s the going rate for one then do it!

As others have said... people will sell for what others are willing to pay. I’m sure there’s places where people pay full retail for Invictas.

[drmizzou]

My thought is at retail it’s costing me 18k+ In pre tax income. No way I’m willing to pay nearly $30k in pre tax money for this watch even as much as I’ve been vying for one for the past 2 years from several ADs

[TickTockChuck]

Nope, not me personally. My limit is MSRP for anything unless it has a strict limited production run. How long is too long to wait? If one needs quick gratification, then I guess you need to pay the price. Try shopping around and be resourceful, make calls, etc. I think the most fun is in the hunt. Good luck. Cheers!

[jbsmith]

I would not, but I think the daytona is too small, plus I don't pay over msrp.

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[Seaswirl]

Originally Posted by aquatimerfla

Your correct. Speedy Pro actually has legitimate history and heritage unlike the Daytona.

Oh right, you mean the moon thing. I could care less about the “heritage” and it didn’t even factor into my decision to buy it. Besides, the current iteration isn’t even the same as the original with the 321 movement. I own and enjoy both, but the Daytona is the superior watch.

[aquatimerfla]

Originally Posted by TickTockChuck

Nope, not me personally. My limit is MSRP for anything unless it has a strict limited production run. How long is too long to wait? If one needs quick gratification, then I guess you need to pay the price. Try shopping around and be resourceful, make calls, etc. I think the most fun is in the hunt. Good luck. Cheers!

By many recent accounts the wait for daytona-c is 8-10 months. To pay 5-6K over retail amounts to around $700 per month extra to wear now, nevermind the depreciation. Pre owned daytona-c's sell for $1000 less than BNIB from greys.

Point being? the daytona -c is going nowhere. It will be sold for the next 10 years as is. Relax.

116520 history tells us that this is routine.

#patience

[r32nissan]

Originally Posted by aquatimerfla

By many recent accounts the wait for daytona-c is 8-10 months. To pay 5-6K over retail amounts to around $700 per month extra to wear now, nevermind the depreciation. Pre owned daytona-c's sell for $1000 less than BNIB from greys.

Point being? the daytona -c is going nowhere. It will be sold for the next 10 years as is. Relax.

116520 history tells us that this is routine.

#patience

Curious to know where you are seeing the 8-10 months on recent account? I’m still trying to get an aD to let me on their list to start the 8-10 month waiting time.

[RHIII]

Originally Posted by HL65

Personally I wouldn’t and paid retail for both of mine. Would I have paid a small premium to have obtained one had I not been able to get them at retail? Yes, but not close to today’s premiums.

^^^This would go for me as well.


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[JM0127]

Not me. I waited under 2 months for mine. At the top for another.

[DESH]

wait and build a relationship with your AD

[YoyoGift8]

Your money so you decide if it's worth the premium. For me I will not, unless it is a discontinued model.

[JM0127]

I wouldn't. But as they say, "It's your money, use it when you need it" 877-CASHNOW.

[Starwalker]

If you like it, go for it. A lot of people have spent a great deal of time developing relationships at ADs for years, bought tons of pieces and then were able to by retail. And if you did pay and decided you don’t like, you wouldn’t loose an arm or leg. IMO, it would be worth it, if you got the cash, I would pay up for the white dial in your situation. Not the black dial, I don’t find it unique enough but that is just my preference. Or you can add 8/9k more and get a solid gold piece. IMO those are your two options.

[ap1]

Originally Posted by SamP

Greetings from the UK.
Let me take you back to when you were a child and you wanted to open your Christmas presents a day early.
Did your parents let you? Or did you have to wait with eager anticipation for Christmas morning?
Do you remember the feeling you had whilst waiting on tenterhooks?
Well now you’ve grown up, I hope you bring 5his lesson to your kids, or kids to be.
Moral is, enjoy the wait. Bask in the glory of beating Rolex at their own game.
Regards

I did this and almost suffered an ulcer

[r32nissan]

Originally Posted by ap1

I did this and almost suffered an ulcer

Lol.

[zion_rasta]

Bought a 116523 Panda for $12,000 brand new out the door.

Paying $6k over list for steel is crazy when you can pay $6 under list for a TT.

[r32nissan]

Originally Posted by zion_rasta

Bought a 116523 Panda for $12,000 brand new out the door.

Paying $6k over list for steel is crazy when you can pay $6 under list for a TT.

If it weren’t for the oversized number hour markers I’d be all over this reference also. Or is there another version?

[Sarosh]

Originally Posted by Ruud Van Driver

If you pay that much for it, you need your head looking at. Pay a few bucks more and get a PM piece.

This! Wise words. PM

[Justinmg]

Originally Posted by lecorsaire

Apart from costing less than half on average new from the AD, Omega has just released way too many versions of the damn watch. Hesalite, sapphire, manual, automatic and on and on. The more versions you have of something the more you devalue the product. With the Daytona your choice is white or black dial. With the Submariner it's Date or ND and before the LV and LVc it was either black date, nd or gold/blue gold/black. Yes the serti dials as well but choices are very limited.

Why are Apple's residuals stronger than other computer and phone manufacturers? Without a doubt because they offer very few models and configurations. Other manufacturers have dozens and dozens of configs and are releasing something new every couple of months.

Have you ever been on the Rolex website, go to the Daytona and click confingure, you might find a few more dial choices. Agree Omega goes a little nuts with the LE but it’s awesome they keep the true speedy and it gives people a lot of choices to own a speedy. Hey one plus with omega is they have watches you can purchase at a AD what a concept

[Justinmg]

Originally Posted by stratguy

I'm sorry, but these prices are outrageous for an overly-hyped watch. I swear that most of us are drawn to these pieces (BLNR, Hulk, DaytonaC, etc.) due to their scarcity, and not because they are truly fantastic pieces. It's amazing what our minds lead us to believe. The Tudor BBN is a great example. Everyone wanted the the in-house movement when it came out, and now that people start talking about how rare they are, a feeding frenzy ensues.

I agree with the post above, buy a Speedmaster Professional and put $14K in the bank. Just one member's rant...I'll stop now.

100% agree, well said

[Andy355]

I had same dilemma. Thinking I as on lists that didnt exist (2 ads added me to list on day one then decided not to have lists and others were keeping back for their high rollers) I am now on a few U.K. Lists but nowhere near the top.
One dealer suggested he could get me one if I spent on another Nonprofessional watch but was quite vague as to what it had to be.

So in the end I bought one at a gbp 6k premium which I was loathe to do originally. Now I'm happy that I have the watch as I always wanted it to wear as it to me is a beautiful piece that echoes the 60s 6240 which I can't afford.

However I was Not so happy that it was flipped unworn stickers in place by customer of AD who told me I couldn't join their list because it was for their best clients - who can you be a good client and want to flip that to trade for a 4K profit or something. The watch is nicer than 4K if you have the money to be of that status surely

This is central london though and as far as I can make out Rolex don't care about people who are enthusiasts that actually want the watch versus flippers. On another uk forum there was someone saying how frequently he was receiving the special pieces and flipping them and that Rolex uk invited him to a customer lunch at their HQ.

You can't join london waiting lists and you can't joint other regions or European countries as you aren't local. Previous business with 2 ADs doesn't allow you to join the list which means that I would never buy from them again and would be better off directing future business to smaller regional dealers

Happy for Rolex SA or uk to contact me through here if they want to hear what the situation is in london.

[SearChart]

No, I'd use my 30% discount and buy this for a little under €18k.

[AK797]

I hope people are going to used dealers and actually trying this watch on so they see the watch and not just the hype and internet myth. It is a cool piece but it's just a watch and worth it's retail, maybe a little more if you are a huge fan, but not a huge premium.

Rolex didn't even put the famed Panda dials on it, they have reserved them strictly for the PM pieces, just so you know not to let Rolex "play" you too much.

[Theothergreg]

If I loved it and money was not an issue, I might be tempted to do it. I would probably not want to tell anyone I did it, and certainly not on a dedicated Rolex forum :)