is Daytona price going up or down?

[submarooner]

Hi, used to see Daytonas (pre-owned) going at S$18K. Now I see BNIBs going at S$16.5K? So Daytonas losing some shine here? Can anyone confirm this?

[Darkangel]

You want to sell liao ah

[Reborn]

I think it depends on the age group

Hi, used to see Daytonas (pre-owned) going at S$18K. Now I see BNIBs going at S$16.5K? So Daytonas losing some shine here? Can anyone confirm this?

Losing its shine? Yes and No. The younger crowd would go for Panerai. Older crowd goes for Rolex.

Price is a reflection of supply. There are a lot of the Daytonas around. 18k is a rip off price. I got ripped off once in my early days of collection at People's Park when I bought a Daytona there.

[Darkangel]

Woah...

I dun believe that the older crowd goes for Rolex. NEVER. That's why I m here to spread the poison hehe

Younger crowd go for panerai...well depends on how u see it but yes I do have to agree that pam demand increase and many buyers are younger crowd but...

I am one of the younger 1s that will not buy a pam haha...I firmly believe in Rolex...well I m kinda like a 1 brand man haha

[Reborn]

With 12000 posts on this Rolex forum

Woah...

I dun believe that the older crowd goes for Rolex. NEVER. That's why I m here to spread the poison hehe

Younger crowd go for panerai...well depends on how u see it but yes I do have to agree that pam demand increase and many buyers are younger crowd but...

I am one of the younger 1s that will not buy a pam haha...I firmly believe in Rolex...well I m kinda like a 1 brand man haha

...and also moderating it, I cannot say I am not convinced.

[ejaan]

Older crowd goes for Rolex.

Whoa...now I'm really depressed.

[armchaireconomist]

That's the wonder of marketing, isn't it?

Rolex have always been projected as a "I've made it" statement brand. So it's no surprise that its the 'older' crowd who tends to wear them.

And I hardly think the brand is losing its shine... But as Reborn has pointed out, it's about demand and supply. And I must say that there are quite a number of Daytonas flooding around... if Supply exceeds Demand (signs of bad times) then naturally prices will fall.

[Reborn]

Relax, older does not mean "old"

Whoa...now I'm really depressed.

Just that Rolex usually symbolises the more established person, while watches like Panerai is for the more trendy.....different market sector.

[Darkangel]

Whoa...now I'm really depressed.

Me worse

[zidaneong]

Me worse

me same too. I also quite young. lol

[116520]

In short term, Daytona price will go down.

In long term, Daytona price will go up.

Have I answered your question?

[Jupiter]

In short term, Daytona price will go down.

In long term, Daytona price will go up.

Have I answered your question?

Sorry but i still dun understand.. Care to elaborate further pls?

[Darkangel]

hahahaha

[Ckay]

Sorry but i still dun understand.. Care to elaborate further pls?

IMHO opinion, it means it will go down slowly for the next 2 - 3 years, due to the financial crisis in US and Europe and crashing of stock market all over the world.

BUT, once the tsunami is over, you will se blue skies again, maybe 5 - 10 years down the road. In other words, you need to wait long long for price of SS Daytona to appreciate lor.

[116520]

Jupiter First of all... nice to meet you...

Ckay was right...

What I meant is....

116520 prices will go down a bit for this year and next due to the fact that it has went a lot for the past 2 years... it went up to ard $18k at one point of time and now soften to around $17k now... and I guess it may go a little bit lower in the next few months....

On the other hand, once Rolex increase its retail price for their 116520 and the economy return to normal, prices of 116520 will shot up and I can assure you that it will be much than what you are paying now...

For example, I paid $11.8k for a BNIB 16520 ten years ago, sold it for $14.5k a few years ago and now that watch is selling around $20k....

Sorry but i still dun understand.. Care to elaborate further pls?