ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
24 March 2022, 09:36 AM | #1 |
"TRF" Member
Join Date: Sep 2021
Location: Maryland
Posts: 91
|
Panda purchase question
Would I be insane to pay $50k for a Daytona panda ? I’ve been thinking about it since they were $18k.
|
24 March 2022, 09:36 AM | #2 |
"TRF" Member
Join Date: Jun 2020
Location: TRF
Posts: 2,270
|
Shoulda woulda coulda.
I thought I was insane when I bought Nov 2020. Glad I did it.
__________________
16570 | 16710 | 116710 | 116500 76214 | 79090 | 79030 | 79830 |
24 March 2022, 09:41 AM | #3 |
"TRF" Member
Join Date: Jul 2010
Location: ny
Watch: sub-c Date
Posts: 1,322
|
Do you have the funds?
Do you want the watch? Is it to wear and enjoy? If the answer is yes to all 3 then buy it |
24 March 2022, 09:46 AM | #4 |
Banned
Join Date: Sep 2016
Location: USA
Posts: 905
|
What are the other options?
|
24 March 2022, 09:48 AM | #5 |
"TRF" Member
Join Date: Sep 2012
Location: Japan
Posts: 4,367
|
|
24 March 2022, 09:50 AM | #6 | |
2024 SubLV41 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,511
|
Quote:
Or look at it another way: if you buy a new car for $50k now or a SS Daytona, in four years the SS Daytona is going to be worth a lot more money than the car regardless what the economy does.
__________________
|
|
24 March 2022, 09:50 AM | #7 |
2024 Pledge Member
Join Date: May 2015
Real Name: Mike
Location: Pacific Northwest
Watch: 116610LV 16710 SD
Posts: 10,653
|
If it is disposable cash go for it. If you are selling something you really don't want to .. or God forbid financing it then no..no.. no just forget it
|
24 March 2022, 10:02 AM | #8 |
"TRF" Member
Join Date: Dec 2017
Location: Hawaii
Posts: 257
|
I think you'd be insane to do it, but what do you care what I think?
|
24 March 2022, 10:03 AM | #9 |
"TRF" Member
Join Date: Sep 2021
Location: Maryland
Posts: 91
|
It would be so much easier to swallow if it wasn’t a current model that some lucky guys get to buy for $14k..
|
24 March 2022, 10:04 AM | #10 |
Banned
Join Date: Sep 2016
Location: USA
Posts: 905
|
|
24 March 2022, 10:04 AM | #11 |
"TRF" Member
Join Date: Dec 2012
Location: N.Wales
Posts: 253
|
The price will keep going up forever so if you have the funds and want one, buy it now. The only way you will lose money is by selling immediately and eating the dealer margin.
|
24 March 2022, 10:11 AM | #12 |
2024 SubLV41 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,511
|
Fun fact: I literally know more people that has won the lottery than have purchased a SS Daytona (either color) from a AD.
__________________
|
24 March 2022, 10:13 AM | #13 |
2024 Pledge Member
Join Date: Jun 2021
Location: Merica
Posts: 1,332
|
Keep thinking about it and pay 70k at the end of the year
|
24 March 2022, 10:20 AM | #14 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,660
|
Buy buy buy!!!! Daytonas only go up….
|
24 March 2022, 10:43 AM | #15 |
"TRF" Member
Join Date: Jan 2015
Location: New England
Watch: Yes Please
Posts: 155
|
I'm in the same position, that was me when it was 18K, wishful thinking I would get the call from AD, although they did call me for the Pepsi, so I'm happy
Im thinking of trading my BLNR and 116520 black dial Daytona, for the ceramic panda any thoughts? |
24 March 2022, 10:47 AM | #16 |
"TRF" Member
Join Date: Jun 2020
Location: TRF
Posts: 2,270
|
Terrible idea.
__________________
16570 | 16710 | 116710 | 116500 76214 | 79090 | 79030 | 79830 |
24 March 2022, 10:49 AM | #17 |
Banned
Join Date: Sep 2015
Location: everywhere
Posts: 849
|
Price have dipped down below 50k. still not cheap but its nowhere 50k now.
|
24 March 2022, 10:52 AM | #18 |
2024 SubLV41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,243
|
Panda purchase question
Given that a massive run up occurred in the first few weeks of the new year I'd wait. Even a 10% correction to December would be a decent savings.
__________________
♛ ✠ Ω 2FA Active |
24 March 2022, 10:53 AM | #19 |
"TRF" Member
Join Date: Dec 2019
Location: The Moon
Posts: 1,367
|
Unless I had a lot more disposable funds, for me, it would be insane to buy that watch at that price. Will it hold its value and in time rise? Yes. So you could likely cash out and not lose any money if you keep it “long enough”.
I just don’t see paying that much when you could get something way nicer for that kind of money. |
24 March 2022, 10:54 AM | #20 | |
2024 SubLV41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,243
|
Panda purchase question
Quote:
Bad idea. IMO it lacks the luster of your black Daytona. It's very matte white and has a lot of glare. Very photogenic though. Of the 3 Daytonas I've owned white was the least stunning in person. But when I see it in pics it tugs at the heart strings for sure.
__________________
♛ ✠ Ω 2FA Active |
|
24 March 2022, 10:59 AM | #21 |
2024 SubLV41 Pledge Member
Join Date: Jun 2017
Location: GA
Posts: 5,080
|
I think buying a Daytona at any price is a bad idea.
|
24 March 2022, 11:07 AM | #22 |
2024 SubLV41 Pledge Member
Join Date: Aug 2012
Real Name: Mike
Location: New York
Watch: Rolex
Posts: 22,580
|
If you have the cash, use it to start a relationship with an AD. From what I've been led to believe, once you've hit the $100k mark in purchases, you get access to the hard to get pics. This one purchase would,get you half way there. I'd go to an AD that sells preowned watches This way you can get some bang for your buck. Just my .02
__________________
Oh, look at the time... Official Member: 'WIS-CON' Las Vegas International GTG 2019 |
24 March 2022, 11:10 AM | #23 |
2024 Pledge Member
Join Date: Jan 2007
Location: USA
Watch: Daytona
Posts: 6,091
|
I am always an advocate for a Daytona, but I can not in good conscious advise buying at that price. Just not worth it for steel. Look at white gold if you want a quality piece that is worth the money.
|
24 March 2022, 11:11 AM | #24 |
2024 SubLV41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,243
|
Panda purchase question
Great advice here from Lt. I got out of my grey market purchased pieces and took that cash to the AD. Buying PM opened doors for sure.
__________________
♛ ✠ Ω 2FA Active |
24 March 2022, 11:22 AM | #25 | |
"TRF" Member
Join Date: Sep 2021
Location: Maryland
Posts: 91
|
Quote:
|
|
24 March 2022, 11:35 AM | #26 |
Banned
Join Date: Aug 2021
Location: Henderson, Nevada
Posts: 356
|
|
24 March 2022, 11:40 AM | #27 |
"TRF" Member
Join Date: Jan 2020
Real Name: Kevin
Location: Northeast
Watch: My first, Sub Date
Posts: 1,941
|
If you want it and have the funds than why not? or try going to an AD that sells jewelery as well as Rolex and try and spend 35K on stuff you want and ask if that will help you get the Panda at MSRP.
__________________
116610LN | 126610LV | 126710 BLRO | 116500LN | 124300 Green, Wife’s | 126334 Blue w/Diamonds, Wife’s | 126710 BLNR Wife’s Tudor M79360N-0002 | M79230B-006 Wife’s |
24 March 2022, 11:40 AM | #28 | |
2024 SubLV41 Pledge Member
Join Date: Sep 2012
Real Name: Anthony
Location: Triad
Watch: Me go broke!!!!
Posts: 4,038
|
Quote:
That’s a fair point Mike and while I agree that “should” be the case sadly for some it isn’t or maybe my particular relationship isn’t as good it should be
__________________
Rolex Collection: A few here and there. Just ask |
|
24 March 2022, 11:45 AM | #29 |
Banned
Join Date: Feb 2022
Location: MW
Posts: 495
|
No Way. I would get a PM piece lonnnggg before I paid 50k for a stainless.
|
24 March 2022, 11:48 AM | #30 |
"TRF" Member
Join Date: Jun 2014
Location: NYC
Posts: 488
|
I won’t feel comfortable paying 50k+ for a 14k watch. But you got it like that, props to you!
Sent from my iPhone using Tapatalk |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.