Rolex Daytona SS questions

[Rick K]

I was in a jewellers yesterday enquiring about an Omega Speedmaster Professional for myself when I happened to notice they were an authorised Rolex dealer so I asked the question regarding waiting time for a SS Daytona. Much to my surprise they didn't laugh, quoted 5 - 8 years and said if I wanted to I could join the list!
I now require advice as I'm not sure what to do, as its a watch that if I'm honest I couldn't afford to keep after purchase but obviously now see it as a way of funding or part funding my Speedmaster purchase as I'm sure you're all aware, currently anyway, I'd be able to sell a SS Daytona on for quite a bit more than the RRP price providing the dealer sells me the watch for the RRP of £4420.
Now as I know little of the Rolex brand I'd like peoples answers/opinions to the following questions/queries I have to help me make a decision.
Is the waiting time likely to come down any time soon and why is it so long in the first place? In the long term how well do these watches hold there value, for example would I be likely to keep the watch for 3 years with litle or no use and still expect to get the money back that I paid for it? Do you think that by the time I receive my watch in lets say 6 years time the demand for this model will still be strong or could I be potentially stuck with a watch I can't really afford to keep and only able to sell at a loss? How long has the Daytona been produced and whats the likelihood of it being superceded or is this irrelevant as its regarded as an alltime classic and therefore interest will always remain high?
Any comments/advice gratefully welcomed,
Regards Richard

[filaborg]

how much of a deposit do you have to put down ?

[vst]

In my experience Daytona's now seem to be sold to customers who have bought several watches or other pieces from a dealer and are likely to buy more, certainly seems that way over here.

A mate has been on a list for three years,he went to school with the supplying dealer, asked him recently where was he on the list and yer man replied, honestly, slipping further down every year, he explained that if a customer who spend s "x" thousands a year on jewellery for the wife, watches for the family etc, turns around and wants a Daytona, he gets one.....

[jshell]

Part of the reason for the waiting list is that people are putting their names down for the SS Daytona who don't actually want them, but plan to make a fast buck.

[Maxf]

jshell said:

Part of the reason for the waiting list is that people are putting their names down for the SS Daytona who don't actually want them, but plan to make a fast buck.

Agree. Some jewellers insist on engraving the back of the watch with the buyers name.

[JOETHETOE]

Maxf said:

jshell said:

Part of the reason for the waiting list is that people are putting their names down for the SS Daytona who don't actually want them, but plan to make a fast buck.

Agree. Some jewellers insist on engraving the back of the watch with the buyers name.

That must be ballshit? who is gonna pay 5k for a wath and have it devalued on purchase????

[Maxf]

Yes. I'm lying. So must the people who have posted about it on the various watch boards (and PH).

I think its a pretty good idea. If you want the watch for yourself you get it engraved. If you don't then either dont buy it or stump up for a new caseback before you sell - reducing your profit and therefore the waiting lists.

Every other watch in the world is devalued when you take it out of the shop!

Edited by Maxf on Thursday 8th November 14:59

[911JUS]

jshell said:

Part of the reason for the waiting list is that people are putting their names down for the SS Daytona who don't actually want them, but plan to make a fast buck.

you hit the nail on the head which then causes people who would actually like one to either pay over rrp or wait years.

i would think in 8 years the daytona wont be the "watch to have" but another model will be taking all the orders

J

[Rick K]

I'm not sure how much deposit is required and if its possible to transfer it to another watch should I change my mind.
I do like the Daytona SS an awful lot but I prefer the Omega Speedmaster Pro for myself and thanks to the comments and opinions left on this thread by other watch enthusiasts I think I'll stick wit the Omega.

[jshell]

Rick K said:

I'm not sure how much deposit is required and if its possible to transfer it to another watch should I change my mind.
I do like the Daytona SS an awful lot but I prefer the Omega Speedmaster Pro for myself and thanks to the comments and opinions left on this thread by other watch enthusiasts I think I'll stick wit the Omega.

I bought the 50th anniversary Speedy and just love it sooooooo much! Some days it's the SS band, some days it's the croc strap - I just can't stop looking at it! :supersaddosmiley: !

[Fittster]

So much are people making on a Daytona SS when the resell it?

[jshell]

Fittster said:

So much are people making on a Daytona SS when the resell it?

Sorry, couldn't resist!

[GCH]

"Here you go sir,....your brand new ferrari. Just as you ordered in rosso corsa with Crema Hide Interior ...looks absolutely stunning.
Oh by the way, we put your initials on the bonnet and doors in gold to stop you ever selling it on.
Hope you don't mind"

[Andy OH]

Maxf said:

jshell said:

Part of the reason for the waiting list is that people are putting their names down for the SS Daytona who don't actually want them, but plan to make a fast buck.

Agree. Some jewellers insist on engraving the back of the watch with the buyers name.

I think that statement is absolute tosh, sorry, and I certainly would not want my name engraved on the back of my Daytona; actually my name isn't on the back of my Daytona, I've just checked

I waited 18 months for mine and it's been on my wrist for almost three years now......I have another on order but I know it's going to be some time before that arrives.

[Maxf]

Andy OH said:

Maxf said:

jshell said:

Part of the reason for the waiting list is that people are putting their names down for the SS Daytona who don't actually want them, but plan to make a fast buck.

Agree. Some jewellers insist on engraving the back of the watch with the buyers name.

I think that statement is absolute tosh, sorry, and I certainly would not want my name engraved on the back of my Daytona; actually my name isn't on the back of my Daytona, I've just checked

I waited 18 months for mine and it's been on my wrist for almost three years now......I have another on order but I know it's going to be some time before that arrives.

He must be lying too: http://pistonheads.com/gassing/topic.asp?h=0&t...

More examples on timezone but I cant be ed to find them. Google is your friend.

Not saying everyong does it - or even many, but SOME. Mine wasnt engraved and my next one (late 1970s) certainly wont be.

Edited by Maxf on Friday 9th November 16:54

[Murph7355]

I'm quite sure there are better ways of making the 1k-1.5k you *might* make on a Daytona if you put your name on the list.

Even if you get one in 5yrs, that's 300 quid a year tops. Being blunt, if you can't find other ways of improving your financial position by at least that amount, I'd steer clear of watches altogether.

[Maxf]

Damn right Murph - the guys making the money from the Daytonas are the dealers buying them at list plus a finders fee then selling them for £6k.

I KNOW this happens before I get called a liar again - straight from the horses mouth.

[Murph7355]

Maxf said:

Damn right Murph - the guys making the money from the Daytonas are the dealers buying them at list plus a finders fee then selling them for £6k.

I KNOW this happens before I get called a liar again - straight from the horses mouth.

Absolutely it happens. This is why individuals try and push them out at 5.5ish...between list and the dealers' ask.

These aren't especially rare watches and technically should not command these prices. But their myth has become reality and away you go...remarkable wheeze by Rolex.