I want one but never at this price
I want one but never at this price
It sickens me from afar seeing Russian and Middle Eastern money buy up half of London.Where there is no room for the middle classes never mind the working classes anymore.
No idea how ordinary Londoners feel about it.If they had property they've probably cashed in but those without property have been priced out of their own city which is a real travesty.
This thread made me laugh. Under £15k for a Daytona actually seems like a bargain by today’s standards! What a difference a couple of years makes!!!!
Considering WF are selling used 2016 at £19k, this is not a bad price. If I was in the market for a grey Daytona I might have considered it.
I own a handful of sports models buying from Late 2009 to last year owning the most popular sports models and still have them.
However the Daytona has always evaded my collection even tho I have spent a fortune with the Aurum group they are to this date to no avail still cannot get me a Ceramic Daytona.
I haven't given up but watched this recently on you tube and made me laugh
https://youtu.be/gCO8Rnsf11Q
Sent from my SM-N960F using TZ-UK mobile app
I think the steel Daytonas will retain a strong premium making the pre-owned WG ones look good value and they come with some stunning dials as well......
Well, Tim Mosso has his doubts about future prices of ceramic Daytonas, (Watchbox 17 June) and gives good reasons....essentially that there are an awful lot of them held by dealers and speculators.
They’re not rare or difficult to get, there’s plenty of them. If you will pay the prices.
Last edited by paskinner; 18th June 2019 at 16:34.
Just a matter of time before the new Rolex bubble goes ‘POP’
Was interesting hearing a watch dealer talking about it, wasn’t really expecting it to be honest but he’s totally right. His point about the price increases being down to a succession of dealers and flippers buying them is spot on, the price grows because of speculation and hype. These people aren’t the real end user/owner and most likely don’t intend to keep the watch when it owes them twice retail.
It’s kind of like pass the parcel but in this case when the music stops it won’t be a present.
It’s one thing buying a vintage watch for a premium but a current model still in production? People are nuts.
I think the 116500’s will continue to rise as I don’t hunk they’ll increase their production. If anything they are more likely to either cut production on those models or follow Patek and increase the price substantially-or do both. To the subs, sub dates, BLNR’S, Pepsi’s, DSP, Hulks Maybe that will fall in price of the rumoured supple appears. The fall won’t be that great as there’s a lot of catchup to take place.
But ALL of this is down to one reason only - the ability to borrow money at ridiculously cheap rates. Whether that’s on your 3% personal loans, your 1.5% mortgages or give a way car finance. When that dries up then that it. And it will happen. Last one was in 2008 but no one sees them coming. Some very clever wealthy people are moving into cash or raising money at low rates for the next bubble to burst. The very very very very clever ones will even know the date I’d imagine.
Not so sure about that. The market currently is driven by "investors"/"speculators". If (very big if, admittedly) they b*gger off, then the market will consist, to a far greater extent, of people who want to buy a watch to wear.
Said it before if the 126710BLRO was readily available at list, people would be slating it and avoiding it like the proverbial! The GMT was unloved for years and I'm not sure it won't go back that way when the dust eventually settles.
Anyone want to guess how many 116520s were made and how far along we are with 116500s in comparison? I do feel that the rate of production of 116500s seems higher than what we saw with the 116520 regardless of how careful Rolex has been managing the supply.