Rolex Daytona Platinum

[scooba]

Hi , What should I be looking to pay for a 116506 there are a few cropping up in the UK and a few on line and in Europe ,typically around list minus 15% or 43k GBP .


All advice gratefully received either by PM or on the forum

[kilyung]

I think it'll be a while before we know where the bottom sits on pricing for this model. I'd like one but I'm waiting.

[Baselman]

Bottom I reckon about 25-28k wait a bit

[kilyung]

Originally Posted by Baselman

Bottom I reckon about 25-28k wait a bit

33% of retail? I highly doubt that.

[Baselman]

£50100 retail that includes 20% vat so minus 20% as vat not due on used goods already takes it down to 41.5k less depreciation another 20-30% off you'd be lucky to be offered 25k trade and 30k retail.
Vat being a big chunk 20% no one in their right mind pays the vat amount a second time.

[DiamondJack]

Much will depend on production numbers and clearly market demand....... so probably far too early to tell yet.....

But someone like DavidSW will be able to give you a better idea as he has just sold one to another member on this forum.......

But typically, at least in my experience, precious metal Rolex tend to drop to about 70% of retail on the grey market within a few years of first availability.

[scooba]

I am holding out for 20% off and im sure it is something I can get .

[www777]

What is dealer cost on this? They probably want to make about 5 grand minimum on it so my guess is best case over time 20-25% off. Second hand market is another matter.

[Chaching]

Just a teaser...

[HL65]

Originally Posted by kilyung

33% of retail? I highly doubt that.

Maybe he meant that much off? If not that would be a heck of a deal and close to half of what an AD pays!

[scooba]

Originally Posted by www777

What is dealer cost on this? They probably want to make about 5 grand minimum on it so my guess is best case over time 20-25% off. Second hand market is another matter.

Hi ,

Dealer cost in the UK is list price divided by 1.38 so


£50,100 divide by 1.38 = £36,304


My target price is to pay £39,995 so I can tell my wife it cost less than 40 without being dishonest.

Here is my basics 39,995 -36,304 = Profit is 3,695 leaving them with around 2995 after paying the 20% vat on any profit they will make

[scooba]

Originally Posted by SteelerFan65

Maybe he meant that much off? If not that would be a heck of a deal and close to half of what an AD pays!

UK Dealers pay Rolex UK a list price divided by 1.38 or so I was told or a mark up off 38% on there unit cost price as I have tried to explain above .

[HL65]

Originally Posted by scooba

UK Dealers pay Rolex UK a list price divided by 1.38 or so I was told or a mark up off 38% on there unit cost price as I have tried to explain above .

I understand what an AD pays for a watch. Perhaps you missed my point? There is no chance a person is buying a Platinum Daytona for $25-28K US or again almost half of what an AD himself buys the watch for...and I am speaking US dollars. Here in US if a watch retails for $75K like the PLT Daytona the AD is paying 63.5% of the retail price for the watch or $47,625 USD.

Also based on your calculation of 36,304 BP's that comes to $57,000+ US which is $10K+ US above their actual cost. I would be shocked if HK AD's paid that much more than a US AD for a watch!

[kilyung]

Originally Posted by SteelerFan65

I understand what an AD pays for a watch. Perhaps you missed my point? There is no chance a person is buying a Platinum Daytona for $25-28K US or again almost half of what an AD himself buys the watch for...and I am speaking US dollars. Here in US if a watch retails for $75K like the PLT Daytona the AD is paying 63.5% of the retail price for the watch or $47,625 USD.

Also based on your calculation of 36,304 BP's that comes to $57,000+ US which is $10K+ US above their actual cost. I would be shocked if HK AD's paid that much more than a US AD for a watch!

Exactly

[AK797]

Originally Posted by scooba

Hi ,

Dealer cost in the UK is list price divided by 1.38 so


£50,100 divide by 1.38 = £36,304


My target price is to pay £39,995 so I can tell my wife it cost less than 40 without being dishonest.

Here is my basics 39,995 -36,304 = Profit is 3,695 leaving them with around 2995 after paying the 20% vat on any profit they will make

I would think it will be a while before a dealer will only take a £3K profit on this.