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garry180 · 26 April 2011, 07:13 PM

I just got a call from my local AD whom I have been on the SS Daytona waiting list for 3 years. Finally the wait is over but the bad news is the price has jumped to a whopping £7000 !!

Question is do I buy ?

Is there an market to still sell for a quick profit ?

It's a black face one and ideally I prefer white but both are gorgeous. The other twist is that I have a relative going back home abroad who is back in the countryin avew weeks so there is a possibilty of claiming back VAT.

Has anyone claimed back VAT from UK costoms ?

Starwalker · 26 April 2011, 07:23 PM

no sober person will but it from you for that much money in the 2nd hand market.

Buy because you like it. Depending on what part of the world u are in the wait is over, especially in the N.America....Europe, the Middle East, Asia....not so much.

dddrees · 26 April 2011, 07:53 PM

I would buy it if I wanted it, not so sure the market exists to make a quick profit or not.

amg55 · 26 April 2011, 07:55 PM

A lot of $$ for a watch but i guess it's all relative to your personal circumstances. What was the original quoted price from your AD?

Btw, I could have picked up a 4 yr D Serial never worn for only A$10,000. I think the secondary market for these SS Daytona have come down somewhat.

timepieceaddict · 26 April 2011, 08:04 PM

A famous dealer in the north east would offer you £300 under list price for it!

The GMT Master · 26 April 2011, 08:10 PM

Don't buy if you're only going to flip it. Waste of time, the second hand market is pretty much static for Daytonas right now. Buy it if you actually want the watch, and not its hype

Roja · 26 April 2011, 08:13 PM

Quote:

Originally Posted by garry180

Question is do I buy ?

Is there an market to still sell for a quick profit ?

Has anyone claimed back VAT from UK costoms ?

- NO!!!

- NO.

- Yes, I have. It's a tremendous PIA and you can save money a lot easier on a Rolex than waiting to go through the bureaucracy of getting money back for the VAT.

klayface · 27 April 2011, 12:03 AM

You were on an actual wait list for a ss daytona? I thought it was a tall tale.

The GMT Master · 27 April 2011, 12:09 AM

Quote:

Originally Posted by klayface

You were on an actual wait list for a ss daytona? I thought it was a tall tale.

Welcome to the UK

2th Dr · 27 April 2011, 12:20 AM

I've seen many for sale here by some of the good guys in TRF as of late. If you really want one, get it from one of these guys!

dalip · 27 April 2011, 12:34 AM

Quote:

Originally Posted by 2th DR

I've seen many for sale here by some of the good guys in TRF as of late. If you really want one, get it from one of these guys!

Agree 100%.

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rad87gn · 27 April 2011, 12:42 AM

Those days of flipping them for a profit is long gone! Once they hit $10K list they lost the quick profit margin of selling them for $10K when you bought them at list for under $10K.

Tools · 27 April 2011, 01:16 AM

I say pass on it.............

Let the next guy on the lists have it as he may actually want the watch to wear and enjoy, which should be the point...

MortgageGuy · 27 April 2011, 01:17 AM

Quote:

Originally Posted by The GMT Master

Don't buy if you're only going to flip it. Waste of time, the second hand market is pretty much static for Daytonas right now. Buy it if you actually want the watch, and not its hype

SOLID... I would say the same. If this is a watch you want to wear and enjoy grab it. If you prefer the white dial then I would hold off for that or wait for the ceramic Daytona, Hell you have already waited 3 years what is a bit more

sherwin · 27 April 2011, 01:35 AM

Unless you are buying the watch at cost from the AD, flipping it in the preowned market will not necessary net you a profit.

Just buy what you like.

dcash0615 · 27 April 2011, 04:14 AM

It is clear you wanted this watch due to its difficulty to acquire and not to own, wear and enjoy. If your intent all along was to flip for a profit, I would walk and not purchase it. You won't make any $. Allow someone on the list to buy it who is going to enjoy it as their own.

Now, if you like the watch to own and wear, you should jump on it and enjoy it.

Let us know what decision you make.

Quote:

Originally Posted by garry180

I just got a call from my local AD whom I have been on the SS Daytona waiting list for 3 years. Finally the wait is over but the bad news is the price has jumped to a whopping £7000 !!

Question is do I buy ?

Is there an market to still sell for a quick profit ?

It's a black face one and ideally I prefer white but both are gorgeous. The other twist is that I have a relative going back home abroad who is back in the countryin avew weeks so there is a possibilty of claiming back VAT.

Has anyone claimed back VAT from UK costoms ?

Gaijin · 27 April 2011, 06:56 PM

Quote:

Originally Posted by Tools

I say pass on it.............

Let the next guy on the lists have it as he may actually want the watch to wear and enjoy, which should be the point...

Totally agree!

I bought my white dial when the list was $7900. I could have flipped it back then for close to $10,000 I guess. No way I was going to. It is an awesome watch.

Fearsome Puppy · 28 April 2011, 12:30 AM

&K, certainly not for the faint hearted. Think it's definitely on the high side if you plan to flip and make decent profit vs effort/risk considerations...

garry180 · 28 April 2011, 01:35 AM

why I put myself on a waiting list, the last thing I want to do is to sell it but given my economic circumstances knowing there is an option is a comfort to me going ahead with what is to me a big extravagence.

GOLFDAYTONA · 28 April 2011, 05:42 AM

Surely you must have known about the price increases since your intial order and therefore known what you would have to pay? If you liked the Daytona enough to order one then you must want to own one otherwise why bother?

Explorer 2011 · 28 April 2011, 05:44 AM

Quote:

Originally Posted by Tools

I say pass on it.............

Let the next guy on the lists have it as he may actually want the watch to wear and enjoy, which should be the point...

Exactly...why wait on a waiting list for 3 years when your first thought is "Is there a market to sell for a quick profit?"

26 April 2011, 07:13 PM	#1
garry180 "TRF" Member Join Date: Mar 2008 Location: London Posts: 13	The wait is over for the Daytona SS but how much ?? I just got a call from my local AD whom I have been on the SS Daytona waiting list for 3 years. Finally the wait is over but the bad news is the price has jumped to a whopping £7000 !! Question is do I buy ? Is there an market to still sell for a quick profit ? It's a black face one and ideally I prefer white but both are gorgeous. The other twist is that I have a relative going back home abroad who is back in the countryin avew weeks so there is a possibilty of claiming back VAT. Has anyone claimed back VAT from UK costoms ?

26 April 2011, 07:23 PM	#2
Starwalker "TRF" Member Join Date: Oct 2008 Location: aroundtheworld Watch: SS Daytona - BLACK Posts: 2,261	no sober person will but it from you for that much money in the 2nd hand market. Buy because you like it. Depending on what part of the world u are in the wait is over, especially in the N.America....Europe, the Middle East, Asia....not so much. __________________ 116520 Black - 116500 White - 116713LN - 116613LB - Panerai 389 - Chopard Mille Miglia GMT Chronograph - Chopard LUC Sport 2000 - Moser Pioneer Centre Seconds

26 April 2011, 07:53 PM	#3
dddrees "TRF" Member Join Date: May 2010 Real Name: Dan Location: USA Watch: This N That Posts: 34,253	I would buy it if I wanted it, not so sure the market exists to make a quick profit or not. __________________ When it captures your imagination, that's when you know you have found your passion. Loyal Foot Soldier of The Nylon Nation. Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

27 April 2011, 12:42 AM	#12
rad87gn "TRF" Member Join Date: Jan 2009 Real Name: Chad Location: Des Moines, Iowa Watch: Rolex, PAM, Omega Posts: 1,607	Those days of flipping them for a profit is long gone! Once they hit $10K list they lost the quick profit margin of selling them for $10K when you bought them at list for under $10K. __________________ Rolex P-Series SS GMT II Black, Rolex Y-Series Sea-Dweller, Rolex F-Series TT Blue Sub, Rolex F-Series Sub LV, Rolex D-Series Ladies SS/WG DJ for wife, Panerai K-Series PAM 112, Omega Speedmaster Pro 3570.50, Omega Seamaster 300M Chrono 2594.52

27 April 2011, 01:16 AM	#13
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	I say pass on it............. Let the next guy on the lists have it as he may actually want the watch to wear and enjoy, which should be the point... __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

26 April 2011, 07:55 PM	#4
amg55 "TRF" Member Join Date: Mar 2011 Real Name: Me Location: Australia Watch: Daytona 116500LN Posts: 677	A lot of $$ for a watch but i guess it's all relative to your personal circumstances. What was the original quoted price from your AD? Btw, I could have picked up a 4 yr D Serial never worn for only A$10,000. I think the secondary market for these SS Daytona have come down somewhat.

26 April 2011, 08:04 PM	#5
timepieceaddict "TRF" Member Join Date: Feb 2009 Real Name: Nick Location: Sussex, UK Watch: 116520, Pam 312 Posts: 286	A famous dealer in the north east would offer you £300 under list price for it!

26 April 2011, 08:10 PM	#6
The GMT Master "TRF" Member Join Date: Jul 2008 Real Name: Chris Location: England Posts: 8,150	Don't buy if you're only going to flip it. Waste of time, the second hand market is pretty much static for Daytonas right now. Buy it if you actually want the watch, and not its hype

27 April 2011, 12:03 AM	#8
klayface Member Join Date: Oct 2008 Real Name: Chuck Norris Location: So. California Watch: SS Daytona w/ dial Posts: 346	You were on an actual wait list for a ss daytona? I thought it was a tall tale.

27 April 2011, 12:20 AM	#10
2th Dr Banned Join Date: Jan 2009 Real Name: Mark-O! Location: Arlington, TX Watch: Rolex Posts: 12,714	I've seen many for sale here by some of the good guys in TRF as of late. If you really want one, get it from one of these guys!

27 April 2011, 01:35 AM	#15
sherwin "TRF" Member Join Date: Nov 2007 Location: Perth/Singapore Posts: 1,764	Unless you are buying the watch at cost from the AD, flipping it in the preowned market will not necessary net you a profit. Just buy what you like. __________________ Want to Buy:SS GMT black;116509 WG Daytona Metrorite

28 April 2011, 12:30 AM	#18
Fearsome Puppy "TRF" Member Join Date: Mar 2010 Real Name: Kevin Location: Kuala Lumpur Watch: SD4K Posts: 880	&K, certainly not for the faint hearted. Think it's definitely on the high side if you plan to flip and make decent profit vs effort/risk considerations... __________________ Lange 1815 Chrono, AP ROO 26470ST, RO 26230ST, Rolex 216570 (w), 116600, 116520 (w), IWC XV, PAM 366, 420, Omega 311.30.42.30.01.005, Seiko SKX007J, Apple Watch, a bunch of G-Shocks -------------------------------------------------------------

28 April 2011, 01:35 AM	#19
garry180 "TRF" Member Join Date: Mar 2008 Location: London Posts: 13	I love the Daytona which is the reason why I put myself on a waiting list, the last thing I want to do is to sell it but given my economic circumstances knowing there is an option is a comfort to me going ahead with what is to me a big extravagence.

28 April 2011, 05:42 AM	#20
GOLFDAYTONA "TRF" Member Join Date: Mar 2011 Location: UK Posts: 7	Surely you must have known about the price increases since your intial order and therefore known what you would have to pay? If you liked the Daytona enough to order one then you must want to own one otherwise why bother?

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