Search in the UK for a Daytona...

[JohnBeverley]

Sorry if this topic is a little common and/or tiresome!

I am looking to buy a Daytona in the next few weeks, or rather, in all likeliness get on the list to buy a Daytona!
I have been looking at prices in the UK for Daytonas and if you want a new one tomorrow £7500 seems about the going rate.
I have heard all the horrifying posts about 5 year waiting lists, and thought I would drop in to my local AD.
"Good day Sir, I was rather hoping that you could tell me you have a brand new Daytona out the back which a customer ordered a few years ago and now cannot afford, and you are happy to pass on to me for RRP?!"
Cue a tight smile and gentle shake of the head.
I had a good chat with the AD, and he informed me that, if I put down a £500 (returnable) deposit, and can prove that I live nearby, he is happy to pick up the phone and sort out a Daytona for me in about 12 months. He asked me not to shout it out, but felt confident that, providing I'm not fussy about face colour, 12 months should be about the longest I should be waiting at this point in time.
As I cannot make my mind up about which face I would rather have - I love them both - this seems reasonable to me.
I won't mention exactly where I live or who the AD is, but I thought this was pretty good. Hopefully I will be laying the deposit down in the next few weeks.

I would be interested to hear people's thoughts on this. Am I being led on, are Daytonas becoming more easily available (Internet prices certainly do not seem to reflect this) does my AD simply like the cut of my jib, or is this all so much marketing guff? If it is the final option, it seems surprising because I could wear it for 12 months and, providing it was in good nick, sell it and get back what I paid for it!

According to my AD the current RRP is £6170 for a SS.

-JB

[mactrack]

Just picked up my SS Daytona today, see other thread, and I was on their list for approx 15 months. The AD did advise that quite a few people passed over the opportunity to purchase when called no doubt because of the downturn, hefty price rises and the fact that an instant £1,500 profit are no longer available (probably only £500 for a private seller).

Whilst I offered to give a deposit to the AD when I put my name down it was not accepted however this might start to happen to sort out the genuine buyers from the flippers et al.

I think that a list price SS Daytona within 12 months, whatever that list price might be (price and VAT increases), is a realistic proposition in the current climate.

[Ibanana]

there are a couple of brand new daytona on display and for sale in liverpool st London, price is near the AD ones.

[esm]

Originally Posted by JohnBeverley

I had a good chat with the AD, and he informed me that, if I put down a £500 (returnable) deposit, and can prove that I live nearby, he is happy to pick up the phone and sort out a Daytona for me in about 12 months. He asked me not to shout it out, but felt confident that, providing I'm not fussy about face colour, 12 months should be about the longest I should be waiting at this point in time.

JB, i suggest to go for it in putting down the refundable deposit to secure a place on the list and more importantly, the price.
with the currebt recession, who knows how many price increases there will be in the UK.

who know, you may be lucky in finding one within the next 12 months, if you do, you can always get your deposit back

as for which face, im sure there is a way to change it after you have located one.

good luck mate, and oh, welcome to this mad house - you will love it.

ps - obviously a grey dealer is not an option?
pps - thought about the US option? it'd worth it if you have an US trip planned

[Puffy]

Originally Posted by JohnBeverley

Sorry if this topic is a little common and/or tiresome!

I am looking to buy a Daytona in the next few weeks, or rather, in all likeliness get on the list to buy a Daytona!
I have been looking at prices in the UK for Daytonas and if you want a new one tomorrow £7500 seems about the going rate.
I have heard all the horrifying posts about 5 year waiting lists, and thought I would drop in to my local AD.
"Good day Sir, I was rather hoping that you could tell me you have a brand new Daytona out the back which a customer ordered a few years ago and now cannot afford, and you are happy to pass on to me for RRP?!"
Cue a tight smile and gentle shake of the head.
I had a good chat with the AD, and he informed me that, if I put down a £500 (returnable) deposit, and can prove that I live nearby, he is happy to pick up the phone and sort out a Daytona for me in about 12 months. He asked me not to shout it out, but felt confident that, providing I'm not fussy about face colour, 12 months should be about the longest I should be waiting at this point in time.
As I cannot make my mind up about which face I would rather have - I love them both - this seems reasonable to me.
I won't mention exactly where I live or who the AD is, but I thought this was pretty good. Hopefully I will be laying the deposit down in the next few weeks.

I would be interested to hear people's thoughts on this. Am I being led on, are Daytonas becoming more easily available (Internet prices certainly do not seem to reflect this) does my AD simply like the cut of my jib, or is this all so much marketing guff? If it is the final option, it seems surprising because I could wear it for 12 months and, providing it was in good nick, sell it and get back what I paid for it!

According to my AD the current RRP is £6170 for a SS.

-JB

I was trawling Bond St and Burlington Arcade (London) today in the hope of getting on the list too. Every single AD told me they stopped putting people on the Daytona list years ago and if anyone offered to put me on a list they would only do so to earn interest of my deposit - basically there is no chance of getting a steel Daytona from an AD. If an AD tells you he can get one he is talking b*llocks.

You can pick up a new piece from one of the guys in Burlington Arcade. The Daytonas I saw today all come with papers, box etc and are from 2009. The average price was about 7,250.

I am going to Singapore over Christmas so hope to pick one up out there, but prices are very likely to increase before then (10-15%) so better strike now as the increase will also affect the second-hand / grey market.

Good luck.

[mactrack]

Originally Posted by Puffy

I was trawling Bond St and Burlington Arcade (London) today in the hope of getting on the list too. Every single AD told me they stopped putting people on the Daytona list years ago and if anyone offered to put me on a list they would only do so to earn interest of my deposit - basically there is no chance of getting a steel Daytona from an AD. If an AD tells you he can get one he is talking b*llocks.

You can pick up a new piece from one of the guys in Burlington Arcade. The Daytonas I saw today all come with papers, box etc and are from 2009. The average price was about 7,250.

I am going to Singapore over Christmas so hope to pick one up out there, but prices are very likely to increase before then (10-15%) so better strike now as the increase will also affect the second-hand / grey market.

Good luck.

One piece of advice that I would give to anyone looking to get on a list is to avoid Central London AD's. Go further afield and hopefully you might get met with a better reaction.

Also earning interest on a small deposit in this low interest era does not seem like a viable business proposition for any AD to be bothered with.

[PhilK]

Read with interest the posts above. One thing which no one has mentioned to date is that if you are going to sit on an AD's waiting list (incidentally, I waited 18 months for my SS Daytona), you are likely to suffer a couple of price rises between now and when you eventually get it from the AD. For example, the price rose from £4850 on the March 2008 price list when I put my name on the list to £6170 now. Given VAT is due to go back to 17.5% on Jan 1st (unless the government delays this), that would take the RRP up to £6310 without Rolex themselves increasing the price. On past records, it is highly likely that there will be another Rolex Price rise between now and the end of 2010 which could edge the price ever closer to £7000. As a consequence, £7200 now for the dial face colour you want now may not be quite as expensive as it seems.

[daveathall]

Agree with the above.

Blowers looks good.

http://www.blowers-jewellers.co.uk/more_2.htm

[scooba]

Originally Posted by PhilK

Read with interest the posts above. One thing which no one has mentioned to date is that if you are going to sit on an AD's waiting list (incidentally, I waited 18 months for my SS Daytona), you are likely to suffer a couple of price rises between now and when you eventually get it from the AD. For example, the price rose from £4850 on the March 2008 price list when I put my name on the list to £6170 now. Given VAT is due to go back to 17.5% on Jan 1st (unless the government delays this), that would take the RRP up to £6310 without Rolex themselves increasing the price. On past records, it is highly likely that there will be another Rolex Price rise between now and the end of 2010 which could edge the price ever closer to £7000. As a consequence, £7200 now for the dial face colour you want now may not be quite as expensive as it seems.

SPOT ON MATE ! I have been buying 116520 since 2001 and have had more than 20 at the end of 2005 the price jumped from £3670 to £4000 and has risen by at least 10% each year to the last price in feb of £6170 .Who knows when the next is with the weak gbp.

From 01 to 05 i could make 2k on each one but now its down to £600 due to supply and demand,Fact is dealers were getting zenith daytona 16520 at 2 a year and with the inhouse Rolex movement 116520 production has increased and from my AD telling me he went to 4 116520 a year now he gets one every other month 6 a year the price for greys has fallen .I was selling to David duggan in 2001 and he was selling them all day at £7500 they are still around that now but list price has risen from £3670 to £6170 a increase of £2500 thats come out of our margins/profit

[mactrack]

Originally Posted by PhilK

Read with interest the posts above. One thing which no one has mentioned to date is that if you are going to sit on an AD's waiting list (incidentally, I waited 18 months for my SS Daytona), you are likely to suffer a couple of price rises between now and when you eventually get it from the AD. For example, the price rose from £4850 on the March 2008 price list when I put my name on the list to £6170 now. Given VAT is due to go back to 17.5% on Jan 1st (unless the government delays this), that would take the RRP up to £6310 without Rolex themselves increasing the price. On past records, it is highly likely that there will be another Rolex Price rise between now and the end of 2010 which could edge the price ever closer to £7000. As a consequence, £7200 now for the dial face colour you want now may not be quite as expensive as it seems.

Agree entirely with this sentiment as £4,850 was the price when I put my name on the list and bought it yesterday for £6,170. Also, if I were Rolex, I would coincide the next price rise with the VAT going back up on 1 Jan 2010 so as to divert some of the "blame" onto other factors and also not then have to increase the price again a few months later.

There is a well known eBay seller, with a bricks and mortar store, advertising both white and black V serial SS Daytona's with the new style clasp for £7,095.

[JohnBeverley]

Wow, interesting. Thanks for the replies guys, has given me food for thought. I am staying with one of my brothers in Devon at the moment, there is an AD nearby who I know a little. I may drop in and see what they say about getting one - that is, whether they can also offer me one within 12 months. Some conflicting advice there though... I can't help feeling that Rolex may well put the price up though. I am off visiting my Bro in north america early next year, maybe I could pick one up there?!
...if I can wait that long that is!

kind regards

-JB

[mactrack]

Originally Posted by JohnBeverley

Wow, interesting. Thanks for the replies guys, has given me food for thought. I am staying with one of my brothers in Devon at the moment, there is an AD nearby who I know a little. I may drop in and see what they say about getting one - that is, whether they can also offer me one within 12 months. Some conflicting advice there though... I can't help feeling that Rolex may well put the price up though. I am off visiting my Bro in north america early next year, maybe I could pick one up there?!
...if I can wait that long that is!

kind regards

-JB

My parents live in Devon also and I have visited both the branch of EJ in Exeter and Michael Spiers in Plymouth. I would wager that you would have more chance at the independent AD. When I asked to be put on the list, when I was purchasing my SS GMTIIc at the branch of EJ near to me (only for the 10% Signet discount), I was met with a swift no and head office only deal with the list. I subsequently asked at another EJ branch and got the same reply although given how times have changed perhaps their policy is different now.

I used to look at the for sale board on here in utter amazement at the sheer number of US BNIB SS Daytona's for sale but, is it me?, there don't appear to nearly as many now.

It is highly likely that there will be a UK Rolex price rise within the next 12 months however if you're going to be in the US I would definitely have a go at trying to pick one up and get your deposit back if you do.

[The GMT Master]

I know for a fact that supply has greatly increased in the UK over the past few months, probably due to the collapse in demand in the US. My AD has had their best ever year in terms of numbers of Daytonas, but unfortunately, there are still 40 odd people on the list. If you can get onto a relatively short list, you might be able to get hold of one sooner than you might think

[topcat30093]

I have got my name down on the waiting list with one of the AD's in Devon (none of those mentioned) and have been for the past 18months.
Although I am considering passing on it when it arrives. As I believe that the MRSP is now far too high for what is a S/S watch.

[Gster]

Fella, Goldsmiths in Bristol Cribbs Causeway shopping Mall have two stainless Daytonas, white and black face SS.....in the window for sale!

[mactrack]

Originally Posted by Gster

Fella, Goldsmiths in Bristol Cribbs Causeway shopping Mall have two stainless Daytonas, white and black face SS.....in the window for sale!

Why did you not buy them and make a tidy profit?

[PhilK]

I was about to say that if that's the case, by posting on the forum, they won't be there at the end of their next business day!!

[Puffy]

Originally Posted by mactrack

One piece of advice that I would give to anyone looking to get on a list is to avoid Central London AD's. Go further afield and hopefully you might get met with a better reaction.

Also earning interest on a small deposit in this low interest era does not seem like a viable business proposition for any AD to be bothered with.

I've asked every AD I've been to around the UK. All saying the same thing.. no can help :(

[newsboy]

I'm sure theyve gone by now

[mactrack]

As I already got mine yesterday who is going to call them tomorrow if only to find out if it's true! As it would certainly be a first for the UK at least.

[james291905]

I will!

[mactrack]

Originally Posted by james291905

I will!

Well done that man! Post the results as I would love to know whether Goldsmiths, where I got mine from albeit a different branch, are adopting a no list policy and selling them on a first come first served basis.

[scooba]

I bought both this afternoon ! ,who wants one for £6850 black or white dial both v series

[mactrack]

Originally Posted by scooba

I bought both this afternoon ! ,who wants one for £6850 black or white dial both v series

Straight up?

[james291905]

Knew they wouldn't last long!

[Ozzie]

Originally Posted by scooba

I bought both this afternoon ! ,who wants one for £6850 black or white dial both v series

I hope nobody buys them from you and your stuck with them. Unfortunately this is unlikely, tosser!

[jsj]

Originally Posted by topcat30093

I have got my name down on the waiting list with one of the AD's in Devon (none of those mentioned) and have been for the past 18months.
Although I am considering passing on it when it arrives. As I believe that the MRSP is now far too high for what is a S/S watch.

Comapred to a Patek or Audemars, it aint that bad!

[Nick1959]

with the premium there in UK you can even fly to US and get one.

[Puffy]

Would anyone recommend buying a Daytona from the far East? I have been offered one from Hong Kong, imported to the UK. Brand new. Just over £7K.

[mactrack]

Originally Posted by Puffy

Would anyone recommend buying a Daytona from the far East? I have been offered one from Hong Kong, imported to the UK. Brand new. Just over £7K.

Personally I would not if you can get a UK sourced model from a reputable grey dealer for similar money. Why not PM Scooba and see if he has got one of those for sale as advertised above.