Do you think the daytonas' had it's day???

[Veritas07]

Originally Posted by kingkongkelley

Improviz:

The first store I called had one in stock. They have a black face Daytona "Up for grabs" as the salesman told me over the phone.

The store is Leeds and Son in Palm Desert California.

The number is 760 340 5249.

Hope it helps you or anyone else who is interested in the watch.

I had very bad experience with them..Cory was my salesperson and Brad was helping out (He is Watch dept. Manager and owner's nephew=a@@hole)..
I would not buy from them again. I'm still waiting for tags and bezel protector-I bought my watch in May!!!
You can be the Best negotiator-no discount on SS watches plus they charge for shipping. I would not recommend. I believe they have negative rating with BBB as well.

[Watchdog]

Originally Posted by bobpuscizna

I had very bad experience with them..Cory was my salesperson and Brad was helping out (He is Watch dept. Manager and owner's nephew=a@@hole)..
I would not buy from them again. I'm still waiting for tags and bezel protector-I bought my watch in May!!!
You can be the Best negotiator-no discount on SS watches plus they charge for shipping. I would not recommend. I believe they have negative rating with BBB as well.

Interesting.

No wonder they have one!

[Veritas07]

Originally Posted by kingkongkelley

Interesting.

No wonder they have one!

BBB rating B-

http://www.la.bbb.org/Business-Repor...lers-100013706

[improviz]

Originally Posted by mb hawaii

I don't think he's sensitive about it, it's more like passionate. Same as someone passionately defending their Omega watch here when "jabbed" at.

Yes, exactly, but it's not just that. Consider this: suppose you're the proud owner of a Bob the Builder luxury home, and that now, being as we are in the middle of the largest downturn in the housing market in many decades (if not ever), someone notices that new Bob the Builder luxury homes are no longer selling at quite the same markup as before, and then makes the pronouncement, not once but repeatedly, that demand for Bob the Builder luxury homes has dropped NOT because of the downturn, but rather because people don't like Bob the Builder luxury homes any more, totally ignoring the fact that *all* home sales were down dramatically.

I think that, as an owner of a Bob the Builder luxury home, you might be a bit ticked off, as a) this is obviously a leap of logic that would make Bob Beamon proud, and b) it could have a negative financial impact upon you.

Now, admittedly, the value of this watch is far, far below the value of a luxury home and so there aren't tens of thousands on the line here, but still, it kind of rubs me the wrong way when someone is trying to assert that a possession of mine isn't worth what I think it is, and what I think the facts demonstrate it is....it is simply a matter of principle, pure and simple.

Originally Posted by mb hawaii

I believe that frustrations have come from many opinions stated as if they were hard facts instead of what they are......opinions. So it's only natural for someone to question that when defending a belief.

Yes, or to ask for facts to back up repeatedly made claims...for example why, when Swiss watch sales were off 43% in the US in Q109, anyone would expect any watch not to suffer accordingly, or why when observing this phenomenon one would state that it is due to the watch suddenly becoming undesireable, rather than simply being a side effect of said sales drop.

[Idle Swede]

I think your watch is worth exactly what you think it's worth until you try to sell it and the buyers have a different opinion.

If you sell it then you have established what it's worth.

On the other hand if you decide not to sell it then it's still worth what you think it's worth.

[Army_Doc]

ohh man, don't tell me that...I just bought one!

[criggs19]

Sorry, had a sick baby to tend to. I have seen the light and the error in my ways improviz. I am rude, poor white trash and bow to you as a Daytona owner. I am going to trash all of my watches and strive to do better. I'm sorry for insulting your beloved Daytonas.

[DCGuy1965]

I have not read thru all 7 pages of the thread but my 2 cents is this - the thrill of the hunt got me. I managed to get a Z series back in 2006 for 7900 JUST DAYS after the price increase from 6975. I'd be willing to bet what's left in my 401K the AD was holding out before calling me. I do love the watch and the no date feature for me actually is a desirable trait. Don't get me wrong I love the cyclops date feature but every now and then I'm in the mood to go basic.

[Singslinger]

I think it's a question of degree, size of the premium, timing and economic conditions. At one time (maybe 3-4 years ago), the S/S Daytona commanded a large premium over its MRSP, perhaps as high as 50% in some countries. There could have been many reasons for this, among them perceived scarcity. But whatever it was, people were willing to pay a lot of money for the watch.

Because of the 2007-2008 economic downturn, I believe the Daytona's premium then shrank considerably - quite understandably, in my view. Rolexes are luxury items and so spending on such items would logically be cut back in hard times. The degree of shrinkage may have varied among countries but here in Singapore, a new S/S Daytona could be had from an AD for just over MRSP a year ago (around 5%).

However, because prices had fallen by so much, demand quickly emerged and so the watch now sells for around 10-15% above MRSP at ADs - perhaps not as big a premium as it was a few years ago but a premium nonetheless.

I also think it's interesting to compare the Daytona's experience these past 2-3 years with that of the Milgauss GV. When the latter was first issued, perceived scarcity (and a false rumour that it was a limited edition) drove the premium over MRSP to 100%. In the two years since, the premium has completely disappeared and the watch now sells either at MRSP or a slight discount.

I wonder - both watches commanded large premiums that shrank during the economic crisis but the Daytona's price has held up better, which to me suggests demand is relatively greater. It'll certainly be interesting to see how large that premium grows if the economy continues to recover.

[mb hawaii]

Originally Posted by Singslinger

I think it's a question of degree, size of the premium, timing and economic conditions. At one time (maybe 3-4 years ago), the S/S Daytona commanded a large premium over its MRSP, perhaps as high as 50% in some countries. There could have been many reasons for this, among them perceived scarcity. But whatever it was, people were willing to pay a lot of money for the watch.

Because of the 2007-2008 economic downturn, I believe the Daytona's premium then shrank considerably - quite understandably, in my view. Rolexes are luxury items and so spending on such items would logically be cut back in hard times. The degree of shrinkage may have varied among countries but here in Singapore, a new S/S Daytona could be had from an AD for just over MRSP a year ago (around 5%).

However, because prices had fallen by so much, demand quickly emerged and so the watch now sells for around 10-15% above MRSP at ADs - perhaps not as big a premium as it was a few years ago but a premium nonetheless.

I also think it's interesting to compare the Daytona's experience these past 2-3 years with that of the Milgauss GV. When the latter was first issued, perceived scarcity (and a false rumour that it was a limited edition) drove the premium over MRSP to 100%. In the two years since, the premium has completely disappeared and the watch now sells either at MRSP or a slight discount.

I wonder - both watches commanded large premiums that shrank during the economic crisis but the Daytona's price has held up better, which to me suggests demand is relatively greater. It'll certainly be interesting to see how large that premium grows if the economy continues to recover.

Nicely said

[train-time]

Originally Posted by Singslinger

I think it's a question of degree, size of the premium, timing and economic conditions. At one time (maybe 3-4 years ago), the S/S Daytona commanded a large premium over its MRSP, perhaps as high as 50% in some countries. There could have been many reasons for this, among them perceived scarcity. But whatever it was, people were willing to pay a lot of money for the watch.

Because of the 2007-2008 economic downturn, I believe the Daytona's premium then shrank considerably - quite understandably, in my view. Rolexes are luxury items and so spending on such items would logically be cut back in hard times. The degree of shrinkage may have varied among countries but here in Singapore, a new S/S Daytona could be had from an AD for just over MRSP a year ago (around 5%).

However, because prices had fallen by so much, demand quickly emerged and so the watch now sells for around 10-15% above MRSP at ADs - perhaps not as big a premium as it was a few years ago but a premium nonetheless.

I also think it's interesting to compare the Daytona's experience these past 2-3 years with that of the Milgauss GV. When the latter was first issued, perceived scarcity (and a false rumour that it was a limited edition) drove the premium over MRSP to 100%. In the two years since, the premium has completely disappeared and the watch now sells either at MRSP or a slight discount.

I wonder - both watches commanded large premiums that shrank during the economic crisis but the Daytona's price has held up better, which to me suggests demand is relatively greater. It'll certainly be interesting to see how large that premium grows if the economy continues to recover.

Your observations and comparison are right on point. As I have continued to read this thread, the GV also came into mind, as well as the GMTIIc. I also believe that the current SS Daytona situation is merely a result of supply and demand. Years ago the supply was short and the demand brisk driving up prices. The supply has increased because the demand has decreased, IMO because the the economy. It's that simple. I don't believe Rolex has increased production, it's just there are fewed people ready to drop $10K on a watch today. Compared to other models, the Daytona has and continues to do OK in my book. What the future will bring, nobody can tell.

[JG99]

In the UK there are still big waiting lists.

I spoke to one AD the other day and they had a customer who met a customer wearing a SS Daytona who was offered a big premium on the spot to sell it! No everyone is aware of these forums, and right now the economy is screwed.

It's a great watch, but I must admit I'd have to let it go before my GMTIIc...

[sea-dweller]

No, the Daytona is still a beautiful Rolex.

[ronintt]

I saw, i liked, i bought.

End of.

[Rolex997]

It's funny to see how many well informed "intelligent" responses you get versus the opposite when a subjective question like this is asked. In my humble opinion, the economic downturn has reduced the available money in the market for all goods. The luxury items are the ones to be hardest hit at these times. I think that those statements are a given. The number of people that would like to spend $12500 for a SS Daytona have probably not decreased. However, the number of people that are now able to spend that or even $10000 on one has decreased. Despite recent price increases, AD's are still selling their stock of SS Daytona's at MSRP. I think I would be safe in saying that there are a very limited number of luxury items in the market that the same can be said for. My wife and I recently shopped for and purchased a "luxury" vehicle for a price that would have been unheard of a few years ago. Each luxury brand that we looked at were offering similar discounts and incentives. Does that mean that Porsche, BMW, Mercedez Benz and Lexus have all become less desirable or just less easily attained financially by less people?

[JG99]

I was chatting to the guy in the Rolex store at Amsterdam Airport yesterday. He told me that the demand is huge for the stainless Daytona there, and his record for selling one that arrived is 22 seconds!

Obviously it's at an airport with a lot of people with money traveling through, but still.... They had a Milgauss GV in the case that hadn't flown out yet!

In the US is seems they are far more available than in europe.

[janc]

Robert,
Like a few other members I was very tempted by your watch.
One of the reasons I just couldnt pull the trigger was just the fact that it is a fact that there is good competition now out there at that kind of price level-both rolex and other brands imho.
Price was the biggest factor for sure.
Having previously owned a ss white daytona and loved it I have long craved another and I just think it is a such a beauitiful time piece(havent entirely said no).However price levels are getting silly imho when the economy is like it is.
Hope you got a good price anyway for what was an A1 example.

[mike]

Originally Posted by Singslinger

I think it's a question of degree, size of the premium, timing and economic conditions. At one time (maybe 3-4 years ago), the S/S Daytona commanded a large premium over its MRSP, perhaps as high as 50% in some countries. There could have been many reasons for this, among them perceived scarcity. But whatever it was, people were willing to pay a lot of money for the watch.

Because of the 2007-2008 economic downturn, I believe the Daytona's premium then shrank considerably - quite understandably, in my view. Rolexes are luxury items and so spending on such items would logically be cut back in hard times. The degree of shrinkage may have varied among countries but here in Singapore, a new S/S Daytona could be had from an AD for just over MRSP a year ago (around 5%).

However, because prices had fallen by so much, demand quickly emerged and so the watch now sells for around 10-15% above MRSP at ADs - perhaps not as big a premium as it was a few years ago but a premium nonetheless.

I also think it's interesting to compare the Daytona's experience these past 2-3 years with that of the Milgauss GV. When the latter was first issued, perceived scarcity (and a false rumour that it was a limited edition) drove the premium over MRSP to 100%. In the two years since, the premium has completely disappeared and the watch now sells either at MRSP or a slight discount.

I wonder - both watches commanded large premiums that shrank during the economic crisis but the Daytona's price has held up better, which to me suggests demand is relatively greater. It'll certainly be interesting to see how large that premium grows if the economy continues to recover.

Well put.

[BillA]

I think the SS Datona is dead.
Please email me your SS Daytona details, I am buying for 50% off list. LOL

[Mathemagician]

Just a single data point FWIW... if not for the fact that I LOVED the IIc when I handled it in person I would have bought a Daytona. Still might at some point (and still casually look at Daytonas for sale), but I genuinely believe I prefer the IIc and I'm not sure a Daytona would get much wrist time.

[harvey]

wish someone here could help me get a white dialled one for rrp!

[cbehnke1672]

probably more of ebb and flow of changing tastes and a tough economy...but the cycles usually turn and once again the demand will increase. it's fickle, but classics rarely die, and the daytona is a classic.

[criggs19]

What's rrp?

[harvey]

Originally Posted by criggs19

What's rrp?

chris, recommended retail price

[criggs19]

10-4.

[Gerardus]

No date is for me personally "not done".
But i think the daytona remains the highlight.
Greets G.

[Veritas07]

Originally Posted by harvey

wish someone here could help me get a white dialled one for rrp!

I'll be happy to get you one BELOW MSRP