Ref: 116508 Rolex Daytona/ Yellow gold-Green dial. Up £20,000 in recent months ??

[farmkid]

I read that Bounce Back Loans have been used to buy Rolex watches, hence the spike in prices. However, could only find this:

https://www.thisismoney.co.uk/money/...ers-claim.html

Interesting article regarding the flash cars and bounce back loans.
My grandad always said ‘if you can’t afford something don’t buy it’
Even with the bbl not sure I’d want the monthly repayments on a new Lamborghini ?!

No surprise if the same bbl use is buying watches....

The Collecting Watches Green Daytona now over £50k with 4 days still remaining...

[Gareth-W]

Serial number on show with the warranty card......that's smart;

https://www.watchcollecting.com/for-...ona-panda-dial

Bid up to £26k so far......nuts.

[farmkid]

Winning bid £54,000 plus 6% buyers commission.
Nice £24,000 profit for the vendor....

[tommyzzj]

Winning bid £54,000 plus 6% buyers commission.
Nice £24,000 profit for the vendor....

still lower than what most dealers ask for nowadays :/

[Smileyguy70]

Crazy money. I was looking at one of these last year and it was a good £15k less!

[Smileyguy70]

You can yawn all you want but the inescapable fact is that prices have risen over the last few years and this is good for everyone except cheapskates who bought a Rolex at a discounted price and then when it plays up due to not being serviced takes it to some back street repairer for a bodge up job.

Keeping prices high and with parts restricted to a chosen few, Rolex will attract the right sort of customer and if you don't like that, then tough conkers.

I agree with 90% of what you said. Except for rolex's have become asset commodities. They sit in the safes of the rich and they get swiped off the wrists of the drunk. People nowadays are wearing rolex watches for status instead of appreciation for the piece. So its not that they are being snapped up by the discerning gentleman.... they are being bought more and more by people putting photos on instagram

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[Stonewood]

Would love one of these but I feel that time is running out.


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[Gareth-W]

Would love one of these but I feel that time is running out.


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It’ll be discontinued this March after Watches and Wonders I feel.

[~dadam02~]

Where's the market for these currently then? I still hanker for one, but the crazy prices of recent years has been off putting.

[Haywood_Milton]

Dealers are still trying to get over £50k for them...

...but dealers are still asking a lot of prices at which watches aren't actually selling.

Some dealers lack of cash-flow will force them to liquidate stock by re-pricing it once it is clear that any Christmas cash is gone (circa Feb' 2024 ).

I'd sit on your money for now.

[~dadam02~]

Thanks Haywood, welcomed info, appreciated.