Trading DJ 41 for a Daytona Panda?

[KyloRen]

Id do it.

[mobster600]

Originally Posted by Chadridv

I think this is great advice for someone that’s on the fence about rolex vs another brand.

I think this is terrible advice for someone that has their heart truly set on a Daytona. Nothing else will ever truly suffice and ultimately you’ll end up losing money on off brand watches that don’t truly fill the void.

Also you’re not losing your hard earned money unless you believe the value at which you paid will drop significantly, which i know is bringing the investment conversation into the mix. Which I’m not trying to do, but the point is even if the value does drop, it will never drop to zero. Worst case within a couple years you lose a few thousand. Many here spend that much annually on cigars. Best case it holds value and continues to appreciate.

Either way, life is short as the OP clearly points out. Get what you truly love.

The same way I would never tell someone to buy a Daytona cause of hype, I would never advise someone against it because of hype. Just do your homework and settle on a fair price.

He hasnt even seen the new Daytona. What if the new Daytona comes out and everyone sells 116 model and prices go down? I think you guys make alot more money then I do. Your talking about spending 32-25k because your heart desires it? My heart desires alot of things my wallet cant afford. Dont forget prices appreciating dont account for the 5-10% hit you take re-selling a watch. I try to encourage people to be conservative when approaching the Daytona. There are alternatives to the watch, as its just a chronograph.

I guess ill keep my terrible advice to myself next time. just trying to give my view on a overly priced hype watch. Because that's all a Daytona really is. But hey spend your 35k on it. Ive seen enough of them to know it aint worth 35k.

[figb]

Go right ahead if that’s what you have set your mind on.

[bullies]

Another vote for "get the one you want" it usually will cost you down the line if you don't

I'm in NYC every once in a while and have never had an issue

[Chadridv]

Originally Posted by mobster600

He hasnt even seen the new Daytona. What if the new Daytona comes out and everyone sells 116 model and prices go down? I think you guys make alot more money then I do. Your talking about spending 32-25k because your heart desires it? My heart desires alot of things my wallet cant afford. Dont forget prices appreciating dont account for the 5-10% hit you take re-selling a watch. I try to encourage people to be conservative when approaching the Daytona. There are alternatives to the watch, as its just a chronograph.

I guess ill keep my terrible advice to myself next time. just trying to give my view on a overly priced hype watch. Because that's all a Daytona really is. But hey spend your 35k on it. Ive seen enough of them to know it aint worth 35k.

I didn't initiate the future value part of this conversation. Of course it's always a factor but to say someone is "throwing away their hard earned money" does open the doors for this conversation.

So here goes lol... I don't claim to have a crystal ball. The value might drop. The prices are very high right now, but keep in mind they were almost at $50k not too long ago. So IMO, they're much closer to stable, especially with the recent discontinuation of the reference. Generally speaking retired model values don't drop. I think in the worst case scenario a few thousand dollar dip within the next year or two is possible, and after that the model will continue to slowly appreciate. I could be wrong of course.

Rolex decision makers know what they're doing. They changed the new model just enough to leave some Daytona fans still longing for the 116500, but not enough for anyone to hate either.

What do you think is the worst case scenario in value drop? Cause clearly you're not throwing away $35k like you would at a casino or something. There will always be some value in the watch. So where do you think it truly settles?

Of course net worth and income play a part in this. No one ever said this was a rational hobby. This is all relative too. Let's say for you buying a $4000 tudor is reasonable, someone else just looked at you like you're insane for throwing away $4000 on a watch.

The OP had a health scare, life is short. If you feel you can be financially responsible, I wouldn't hesitate for a second.

I've been waiting on the call for my 116500 since 2016. Since then I've had 2 ADs lose partnerships with Rolex and my SA quit at another. The call isn't coming (obviously). I bought the 116500 twice since then, one black and one white. Both times I was told by many here that I was throwing away money (paid 16.5k and 26k). I have no regrets. Not cause I didn't lose any money, cause I got to wear the watches I love and want to wear almost instantly.

You don't need to keep any advice to yourself, just be prepared for counter opinions. I don't think your advice to not spend the money was terrible btw, I think saying to spend it on brands that are undoubetely known to depreciate is terrible, especially since it would clearly never be fulfilling.

I'd like to give you the benefit of the doubt that you can handle a healthy discussion, even debate, but maybe I was wrong?

[normandy]

Yes, Please do it!!!

[DarthSimon]

I say go for gold… Life’s too short… The Rose Gold Daytona’s are sensational, and prices aren’t super inflated… The SS is selling 33-34k right now on open market, for a 15-16k retail piece. Forget that, horrible value….
More importantly , we all here at TRF with you the best of health… Hope things get better for you… Wear the watches proudly sir….



My Version of the panda…



Sent from my iPad using Tapatalk

[mobster600]

Originally Posted by Chadridv

I didn't initiate the future value part of this conversation. Of course it's always a factor but to say someone is "throwing away their hard earned money" does open the doors for this conversation.

So here goes lol... I don't claim to have a crystal ball. The value might drop. The prices are very high right now, but keep in mind they were almost at $50k not too long ago. So IMO, they're much closer to stable, especially with the recent discontinuation of the reference. Generally speaking retired model values don't drop. I think in the worst case scenario a few thousand dollar dip within the next year or two is possible, and after that the model will continue to slowly appreciate. I could be wrong of course.

Rolex decision makers know what they're doing. They changed the new model just enough to leave some Daytona fans still longing for the 116500, but not enough for anyone to hate either.

What do you think is the worst case scenario in value drop? Cause clearly you're not throwing away $35k like you would at a casino or something. There will always be some value in the watch. So where do you think it truly settles?

Of course net worth and income play a part in this. No one ever said this was a rational hobby. This is all relative too. Let's say for you buying a $4000 tudor is reasonable, someone else just looked at you like you're insane for throwing away $4000 on a watch.

The OP had a health scare, life is short. If you feel you can be financially responsible, I wouldn't hesitate for a second.

I've been waiting on the call for my 116500 since 2016. Since then I've had 2 ADs lose partnerships with Rolex and my SA quit at another. The call isn't coming (obviously). I bought the 116500 twice since then, one black and one white. Both times I was told by many here that I was throwing away money (paid 16.5k and 26k). I have no regrets. Not cause I didn't lose any money, cause I got to wear the watches I love and want to wear almost instantly.

You don't need to keep any advice to yourself, just be prepared for counter opinions. I don't think your advice to not spend the money was terrible btw, I think saying to spend it on brands that are undoubetely known to depreciate is terrible, especially since it would clearly never be fulfilling.

I'd like to give you the benefit of the doubt that you can handle a healthy discussion, even debate, but maybe I was wrong?

Its all good. There are several variables at play and only the buyer can weigh those himself. I always try to find relative value in my watch decision making. I feel Rolex value has reached a ceiling in my personal opinion. Of course everyone has their own internal value of how they perceive a watch. My Daytona ceiling was reached once it reached id say 22-25k. I feel at 22-25k this watch is positioned fairly to a gold model. At 35k you can buy the highest horological brands in the world. Patek, Lange, AP and enter into small production independents. The craftsmanship and attention to detail put into those highend watches is absolutely remarkable. Truly art on the wrist. Even brands like Chopard have some absolutely unique and beautiful watches nobody gives enough attention to. For example the new Alpine Eagle XPS Salmon dial.

I guess my perceived value of Rolex is just not that high. They make great watches but in the secondary market people are willing to totally blow past any comparison to high horology. For 35k you can get truly amazing high horology OR a SS Daytona....I will pick the high horology any time of the week. No pun intended

[dafuture]

If you want it and can stomach the cost, I doubt you'll miss the DJ.

[Uned]

I’d proceed with it.

[Chadridv]

Originally Posted by mobster600

Its all good. There are several variables at play and only the buyer can weigh those himself. I always try to find relative value in my watch decision making. I feel Rolex value has reached a ceiling in my personal opinion. Of course everyone has their own internal value of how they perceive a watch. My Daytona ceiling was reached once it reached id say 22-25k. I feel at 22-25k this watch is positioned fairly to a gold model. At 35k you can buy the highest horological brands in the world. Patek, Lange, AP and enter into small production independents. The craftsmanship and attention to detail put into those highend watches is absolutely remarkable. Truly art on the wrist. Even brands like Chopard have some absolutely unique and beautiful watches nobody gives enough attention to. For example the new Alpine Eagle XPS Salmon dial.

I guess my perceived value of Rolex is just not that high. They make great watches but in the secondary market people are willing to totally blow past any comparison to high horology. For 35k you can get truly amazing high horology OR a SS Daytona....I will pick the high horology any time of the week. No pun intended

I can appreciate all of that. And i agree in many ways, especially on “perceived value”. The issue is actual value. A Patek 5167 is still $50k. A new-ish reference royal oak is what $40k? Both in stainless. So while everything you’re saying does make sense to me, you run right back into the same issues with some of the brands you mentioned.

Imagine 5 years ago spending $50k on a watch and only getting an entry level Patek haha.

Platinum Daytona was probably $50k five years ago.

[928ktgold]

Originally Posted by DarthSimon

I say go for gold… Life’s too short… The Rose Gold Daytona’s are sensational, and prices aren’t super inflated… The SS is selling 33-34k right now on open market, for a 15-16k retail piece. Forget that, horrible value….
More importantly , we all here at TRF with you the best of health… Hope things get better for you… Wear the watches proudly sir….



My Version of the panda…



Sent from my iPad using Tapatalk

These oysterflex models are going for $40k now. The OP might not be at that price threshold

[goodolejr]

Originally Posted by Mystro

Go for it and get the one you really want. No one regrets a SS Daytona.

Mystro - You deserve a Pullitzer for this photo.

[al7391z]

One’s perspective on life changes when you realize there are more years behind you than ahead of you. If you can afford it, get the white dial Daytona. Congrats in advance.

[MRBolton]

I'd do it. You won't miss the DJ much (unless there's a lot of sentimental value in it) once you get that Daytona on your wrist. I rotate mine with a Pepsi. It's really all I need... although I plan to get a Sub when I can afford it!

[derek001]

You should definitely do it.

[SS Oyster]

Originally Posted by jtorrebl

Not easy anymore and will cost 35k after taxes

Not sure where you are getting those prices, but I just got one and paid $44,824 after taxes in CA. MSRP alone for 116509 was $41,600.

[logo]

I prefer the datejust over any other Rolex, so would trade the BLNR if I wanted a Daytona. That’s just based on preference, but based on finances you could argue the BLNR trade also makes more sense. Assuming the BLNR and datejust were bought at retail, I’d rather trade a cheaper watch for more value towards the Daytona. Get a Daytona for less money this way than by trading the datejust.