Used Daytona prices.

[Somebody]

WindyCommon said:

I paid £9,750 for my Daytona in 1993. If it is “worth” £26k today that’s an annualised return of 4%.

Did I read that right? A S/S Daytona cost £9,750 in 1993? I remember list was around £7,900 for a 116520 in 2013.

[JohnBRG]

At this rate the gold ones will be cheaper than the SS ones!

[Tony1963]

Skyman said:

And, I assume, you enjoyed the asset in the interim, no?

Yes! I’d little idea about the market, and I certainly wasn’t expecting any substantial rise in value at all. I liked it, wanted it, and for a short period in my life I could afford it. Ok, a service will sting me, but I’ll manage.

I tried a fair few watches, some old and some new. Some looked stunning in photos, but on my wrist, plain silly. I still love the one I bought, and wear it whenever I can. At work is a no-no, as crawling around Apache chollywopters will definitely result in a worn look very quickly! My G-Shock does that job, and guess what? No scratches after 18 months! Typical.

[Tony1963]

Somebody said:

Did I read that right? A S/S Daytona cost £9,750 in 1993? I remember list was around £7,900 for a 116520 in 2013.

I think your memory serves you very well. 2013 is when I bought mine, used, and £7.9k new is what I have in my memory too.

Edit: just found my receipt, and the price new in November 2013 is on there, £7,950.

Edited by Tony1963 on Thursday 15th August 22:43

[Tony1963]

Here’s a nifty graph I’ve just found. Ok, the 116520 wasn’t available before 2000, and it’s in dollars, but it’s interesting:

[Brads67]

Tried the new Daytona on recently and am pleased to say I hated it.

Thank fk.

[Likeomg]

Really contemplating chopping mine in, bought it for list 4 years ago ill send it for service and see how i feel when i get back, wearing my deep sea DB as a daily as it takes the hits a lot better while working offshore... who'd of thought.. a divers watch, offshore

[barney123]

Tony1963 said:

I think your memory serves you very well. 2013 is when I bought mine, used, and £7.9k new is what I have in my memory too.

Edit: just found my receipt, and the price new in November 2013 is on there, £7,950.

Edited by Tony1963 on Thursday 15th August 22:43

Mmm - I bought a 116523 Bi Metalic in 2002 for £6250 (or thereabouts) so probably about right.

[WelshChris]

Here’s the 2003 receipt for my brand new 116520 - waited 6 years for it....

[R.Sole]

KungFuPanda said:

I know ceramic Daytonas are going over list and always have done since their release.

I’ve always thought £15k was the going rate but I as surprised to see a page on Facebook where a respected dealer was selling one for £19.5k! I didn’t know they had risen to that level.

A fool and their money are easily parted.

[Cheib]

WelshChris said:

Here’s the 2003 receipt for my brand new 116520 - waited 6 years for it....

I bought minty black face SS in 1998...I paid £4000 for it. Which was a £400 premium IIRC.

£15k or whatever these watches are apparently worth is bonkers. I’ve got my Daytona and an IWC Portuguese....both will be going to my kids.

[Tony1963]

I’m just not so sure that the ‘values’ are so bonkers. They’ve gone from being liked by some to highly collectible by many over the course of many years. Nothing suspicious or spooky or illogical about that any more than anything else that is in demand.

Just look at the values of some used postage stamps. At least a watch does something useful!

[Brads67]

Tony1963 said:

I’m just not so sure that the ‘values’ are so bonkers. They’ve gone from being liked by some to highly collectible by many over the course of many years. Nothing suspicious or spooky or illogical about that any more than anything else that is in demand.

Just look at the values of some used postage stamps. At least a watch does something useful!

The values are bonkers. They are being created by Rolex withholding stock. It's a 9k watch but the fact that Rolex are drip feeding and refusing to supply means sharks have pushed that price up to 20k

[Tony1963]

Brads67 said:

The values are bonkers. They are being created by Rolex withholding stock. It's a 9k watch but the fact that Rolex are drip feeding and refusing to supply means sharks have pushed that price up to 20k

How do Rolex gain from that simplistic theory?

[GT03ROB]

Tony1963 said:

Brads67 said:

The values are bonkers. They are being created by Rolex withholding stock. It's a 9k watch but the fact that Rolex are drip feeding and refusing to supply means sharks have pushed that price up to 20k

How do Rolex gain from that simplistic theory?

I believe the theory goes something like they are driving up prices on the 2nd hand market, whilst stockpiling. In turn they will start ratchetting new prices up, which the market will take given where 2nd hand prices are, taking Rolex more upmarket going after brands perceived as above them. In turn they will plug the gap left by Rolex going up market with Tudor.

[Tony1963]

Aaaah. I do love a conspiracy theory!

Look at it another way: independent company wishes to make more money, thereby giving itself a more stable future?

[jonah35]

The money is now in used white gold Daytona’s as they’re cheaper

Or the much more contemporary Oysterflex Daytona which is now hard to get too though

[jonah35]

R.Sole said:

KungFuPanda said:

I know ceramic Daytonas are going over list and always have done since their release.

I’ve always thought £15k was the going rate but I as surprised to see a page on Facebook where a respected dealer was selling one for £19.5k! I didn’t know they had risen to that level.

A fool and their money are easily parted.

How so?

If you’d have paid over list for one at £15k (like I did) then if it’s a white face and worth say £19k 18 months later then why does it make me a fool?

Also, if I’d have paid £15k for a hublot and got a decent discount off list for it and it’s now worth £12k then that difference in change to your ‘bet worth’ is quite large. If you do that in many aspects of your life (cars, houses, furniture, art) etc then it can make a big difference

[jonah35]

Brads67 said:

Tony1963 said:

I’m just not so sure that the ‘values’ are so bonkers. They’ve gone from being liked by some to highly collectible by many over the course of many years. Nothing suspicious or spooky or illogical about that any more than anything else that is in demand.

Just look at the values of some used postage stamps. At least a watch does something useful!

The values are bonkers. They are being created by Rolex withholding stock. It's a 9k watch but the fact that Rolex are drip feeding and refusing to supply means sharks have pushed that price up to 20k

And that’s good for Rolex and good for the owners of Rolex. It also means Rolex customers are happy to build up a collection and the brand gets more desirable. Win win all round.

Probably the best marketed company in the world

[bristolbaron]

WelshChris said:

Here’s the 2003 receipt for my brand new 116520 - waited 6 years for it....

Daytona’s held at £3670 for absolutely years, there was an increase in 1997, but after that they stayed the same until just after you bought yours - perfect timing!

Second hand market £4k was a great price, £4.5 average, £5k was crazily high but sometimes people would pay it to get one that day.