Paying 18K for Daytona Steel 116500LN

[lecorsaire]

Originally Posted by 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.

This is really great advice. In my personal experience, it didn't change my opinion of the watches but it definitely made me realize that they just aren't worth $18k and that was a year ago. I was offered a mint black one for $15.5k and I still thought it was too much. If paying that much I would want my name on the card. If the production run would be short then I would change my opinion, but these will most likely be in production past 2026. Perhaps Rolex releases an upgraded movement sometime during its run but I don't see another generation before then.

[Vaxe]

Rolex recently told ADs that 116500 cannot be sold to a first time buyer, must have purchased at least 3 other references. So if you really want one and don’t have prior relationship with your AD, good luck. At a lot of places, the “list” is a fluke.

The alternative is to go in and slap down $80k+ worth of Rolex, then you’ll get one at list price, maybe wait a few weeks (but places like Shreve always keep one in the back safe for cases like this). . Just the way it is now.

My 2:

[coralfarmer84]

didn't bother to read everyone else's responses but heres my thought. If you buy it for the premium you can still wait on your AD's list. Someday when it does come in buy that one and then sell one of the two to recoup as much of the premium as you can. That's win win to me

[nyc2la]

Originally Posted by Trazor

why would you pay that much over the odds for one of the fussiest/ugliest Daytona's ever made.

Can't believe the hype to be honest.

Well, that’s uncalled for.

[rod727]

[QUOTE=Vaxe;8294101]Rolex recently told ADs that 116500 cannot be sold to a first time buyer, must have purchased at least 3 other references. So if you really want one and don’t have prior relationship with your AD, good luck. At a lot of places, the “list” is a fluke.

The alternative is to go in and slap down $80k+ worth of Rolex, then you’ll get one at list price, wait a few weeks. Just the way it is now.




So now there is a retail price set by Rolex and additional buying restrictions being implemented by Rolex....lol wow....

[JM0127]

[QUOTE=rod727;8294132]

Originally Posted by Vaxe

Rolex recently told ADs that 116500 cannot be sold to a first time buyer, must have purchased at least 3 other references. So if you really want one and don’t have prior relationship with your AD, good luck. At a lot of places, the “list” is a fluke.

The alternative is to go in and slap down $80k+ worth of Rolex, then you’ll get one at list price, wait a few weeks. Just the way it is now.




So now there is a retail price set by Rolex and additional buying restrictions being implemented by Rolex....lol wow....

I can agree with this. I got mine in under 3 months.

[Justindo]

I like the Daytona and would pay list or a little above (10% or so), but would not be willing to pay what the gray market is asking.

[nyc2la]

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.

Wrong. I am drawn to my LVc because I think it’s just awesome. And don’t forget, many people bought (and loves) this watch well before it was selling over MSRP.

[NLYogi]

If you want it, buy it.

[Iflylo]

Rolex has used the SS Daytona as a reward since about~1980. Always elusive, I remember my AD hinting the more you buy the better chance of getting one...way back then.
The SS Daytona is the PM of the Daytona line.

[coralfarmer84]

I forgot to mention I paid over retail for my white dial about 8-9 months ago. Price has gone up a few thousand since then, but at the time I thought I was crazy.

[Sub King]

I'd buy a two-tone Daytona at retail way before I'd ever pay the premium for a steel one.

[JR16]

Originally Posted by Vaxe

Rolex recently told ADs that 116500 cannot be sold to a first time buyer, must have purchased at least 3 other references. So if you really want one and don’t have prior relationship with your AD, good luck. At a lot of places, the “list” is a fluke.

The alternative is to go in and slap down $80k+ worth of Rolex, then you’ll get one at list price, maybe wait a few weeks (but places like Shreve always keep one in the back safe for cases like this). . Just the way it is now.

My 2:

My AD says this is BS...


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[JR16]

Gray prices keep going up. TS listing white dial for >$20k... totally insane !


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[Andy355]

Re the premium I thought worse case it goes back to list plus probably a price hike or two depending on timeline. Best case they carry on upwards especially if supply reduces further.

As to liking it for design or it's scarcity for me it's the design. I don't have the same desire for any of the other scarce models

I like the 116519 ln wg too but wanted to see one which is agin not possible in london

[AK797]

Originally Posted by JR16

My AD says this is BS...


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Originally Posted by JR16

Gray prices keep going up. TS listing white dial for >$20k... totally insane !


Sent from my iPhone using Tapatalk Pro

So then all these Rolex via AD rules stand to reason until they make their real market moves. All ADs will have different conditions depending on their relationship with Rolex and how they have behaved or how much they are afraid.

[JR16]

Originally Posted by AK797

So then all these Rolex via AD rules stand to reason until they make their real market moves. All ADs will have different conditions depending on their relationship with Rolex and how they have behaved or how much they are afraid.

That’s a great point and I’ve wondered whether Rolex has different sets of rules for ADs who have not “behaved.”


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[faimag]

Price is relative, and quite personal. Also, MSRP is just a "suggestion". If you like it enough and can comfortably afford it for the market price of 18K, I'd say go for it. Think about how much MF/red Subs or 4-digit Daytonas go for. They make the 18K for the 116500 look like a bargain!

[r32nissan]

Which Daytona would people buy for under 20k? I’ve been searching for a white faced Daytona to no success. Looking for viable options. Is the oysterflex banded watches a good alternative?

[AK797]

Originally Posted by JR16

That’s a great point and I’ve wondered whether Rolex has different sets of rules for ADs who have not “behaved.”


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I wouldn't say it is Rolex who impose the different rules, they have general ones, rather it is the individual AD that decides exactly how to ensure they sell to non-flippers and so keep Rolex happy, some will be very cautious and some cavalier.

[TimeToWatch]

Nope. Terrible deal for $18k. Got this instead.

[r32nissan]

Originally Posted by aschneid

Nope. Terrible deal for $18k. Got this instead.

What’s that one? And what’s the retail? I wish the interior of the smaller dials were lighter also but that might be the perfect alternative. Wish it came on a bracelet. How does the oysterflex feel?

[TimeToWatch]

Originally Posted by r32nissan

What’s that one? And what’s the retail? I wish the interior of the smaller dials were lighter also but that might be the perfect alternative. Wish it came on a bracelet. How does the oysterflex feel?

It’s the 116519LN, white gold on oysterflex. Retail is $28.8k, but you can probably find one on the gray market for $26-27k new, $25k used. I don’t think pictures do the dial justice, it is hands down my favorite modern Rolex dial. The periphery of the subdials is textured with concentric circles like in the 116500 and the interior is smooth and glossy - imo the panda subdials look so much better than the 116500 subdials. The oysterflex bracelet is perhaps the most comfortable Rolex bracelet I’ve worn and I think it contrasts the dial perfectly. It also weighs more than the 116500, yet is super balanced and not too heavy at all. I love the heft.

I’d try it on in an AD to see if it sings to you.

[r32nissan]

Originally Posted by aschneid

It’s the 116519LN, white gold on oysterflex. Retail is $28.8k, but you can probably find one on the gray market for $26-27k new, $25k used. I don’t think pictures do the dial justice, it is hands down my favorite modern Rolex dial. The periphery of the subdials is textured with concentric circles like in the 116500 and the interior is smooth and glossy - imo the panda subdials look so much better than the 116500 subdials. The oysterflex bracelet is perhaps the most comfortable Rolex bracelet I’ve worn and I think it contrasts the dial perfectly. It also weighs more than the 116500, yet is super balanced and not too heavy at all. I love the heft.

I’d try it on in an AD to see if it sings to you.

Thanks so much. I’ll keep an eye out

[rollee1]

I'm afraid this is the way these prices will go.

Patek Philippe increased prices on their Nautilus 5711 5712 as of March 1, a stainless steel 3 hands date watch is $30k and going even more at grey dealers, worth it?
This is only the beginning, more increase to the entire Patek line to follow shortly.

[Drixonite]

Originally Posted by aschneid

It’s the 116519LN, white gold on oysterflex. Retail is $28.8k, but you can probably find one on the gray market for $26-27k new, $25k used. I don’t think pictures do the dial justice, it is hands down my favorite modern Rolex dial. The periphery of the subdials is textured with concentric circles like in the 116500 and the interior is smooth and glossy - imo the panda subdials look so much better than the 116500 subdials. The oysterflex bracelet is perhaps the most comfortable Rolex bracelet I’ve worn and I think it contrasts the dial perfectly. It also weighs more than the 116500, yet is super balanced and not too heavy at all. I love the heft.

I’d try it on in an AD to see if it sings to you.

Unquestionably the best modern Daytona. Perfect. Beautiful.

[datejust24]

Is absolute MADNESS!!!!

[Kigan]

Someone buys vintage Daytona at insane prices. And some look very "tired". And this is considered normal.
Therefore, it is better to overpay for a new 116500 than buying entry-lever A. LANGE (for example). Daytona has a much better price and even former use will cost above MSRP. And maybe in the future above $ 18,000.

Ps.
I bought 116500 Black in 2016 for 16 k$.

[Roger Lococco]

I wouldn’t do it. But for one data point, I’m seeing the white one at a major grey mkt dealer for $21k.

[timeldn]

Well the answer is Subjective. If you really want it and you cannot wait then go for it. There has also been cases where people have paid very high premium and once they got the watch they were not that satisfied. Try not to get caught up in the hype.

If you really like it and you cannot wait, and you can afford to pay a high premium then go for it.

Good luck with your purchase.