or Connect
Styleforum › Forums › Men's Style › Classic Menswear › The Watch Appreciation Thread
New Posts  All Forums:Forum Nav:

The Watch Appreciation Thread - Page 934

post #13996 of 33936
Quote:
Originally Posted by dddrees View Post

Back in the day (60's,70's and early 80's) Daytona's weren't that popular. However something changed. Rolex made fewer of them, the SS Daytona became harder to get, Jewelers could only get a few every year, they grew in popularity, and soon there were waiting lists. Thus those who bought more at their Jeweler were those who went to the top of the list. Like already said you could pay MSRP and walk out of the store and resell it for a very handsome profit if that was your wish.

 

However with the combination of the economic downturn,the cost being quite a bit higher, it appears as the boom years maybe over. However jewlers can still only get so many SS Daytona's every year and there are still some areas were it is pretty difficult to get a SS Daytona. However to this day I have yet to see a brand new SS Daytona being displayed in a Jewelers display case. They are usually kept in the back in the safe. The same cannot be said for the Gold or SS Daytona's. The Gold ones cost much more and are much easier to get because Rolex doesn't limit Jewlers ability to get these and not that many people can afford them. The TT which cost more than the SS aren't as popular and are pretty easy to get as well.

 

Patek also does the same thing with their 5711 Nautilus and Aquanaut. Patek does not over produce these watches and they are not as easy to get as a number of their other watches in the 20,000 to 100,000 price range. You would actually would find it much easier to buy one of their 85,000 watches. For them it makes a lot of sense. By doing so they don't cheapen the brand buy making it so easy to get a Patek (cost wise) and they keep some of their less expensive watches special.

In the 1960s', 70's and up through the mid 80's most dealers couldn't give away Daytonas.  In 1984 it also seemed the Sub and GMT were the top of the line SS watches as they had MSRPs of around $1,350 and a Daytona was only $1,100.  Daytonas were often sold at very large discounts.  The original Daytonas were manual wind and the steel models were not certified chronometers.  Those were 2 issues that back in the day hurt its sales as most people thought of Rolex as being synonomous with automatic movements and some people thought a certified chronometer means more than it does today.  Many people say the Italian collectors were the first to start to become interested in manual wind Daytonas.  Some people have said it was the result of people seeing Paul Newman wearing a manual wind Daytona, in a film.  Not sure how true that is as I've never seen footage of him wearing one in a film, although there are several pix of Mr. Newman wearing different Daytonas over the years in his personal life and as a race car driver.  In any event, I think the second generation Daytona, which had an automatic movement truly changed the Daytona market and it quickly became one of the most sought after watches.  Rolex also increased its price beyond that of Subs and GMTs.  When I first became interested in the early 90s they had a list price of around $3,850 (Subs and GMTs were around $2,850).  Supply seemed very limited as they were only getting a limited number of movements from Zenith, and they seemed to prefer to put them in the newly released two tone models, or the all gold models since the profit margin was much higher on those pieces.  I believe the shortage of the then new automatic Daytona caused people to go back and buy manual wind models, which eventually surpassed the value of the automatic watches.    The market on Daytonas definitely became softer with the economy colapsing around 2008 and prices of SS Daytonas hitting $9,500. 

post #13997 of 33936
Quote:
Originally Posted by NonServiam View Post


I don't know about the US, haven't been there in a couple of years. But here in northern Europe I often see SS Daytonas in the windows nowadays.

 

When I first started shopping for Daytonas, in the mid 90s they were really tough to get.  Back then you would only see them in a dealer's window if the dealer was selling them at twice the MSRP or they were pre-owned.   Some dealers had 2-5 year wait lists.  Some wouldn't take your name unless you were one of their established "Good customers." 

 

I once bought a new one from an AD's window, that was back in 1996.  The dealer didn't have a wait list and only sold them on a first come first served basis.  I called 1 day after it arrived at the shop.  When I saw it, it was sitting in the store's window...it went home with me that day. 

 

Most times in the US, even in this soft economy, if a dealer has one its usually sitting in a safe in the back.

post #13998 of 33936
Quote:
Originally Posted by Dino944 View Post

In the 1960s', 70's and up through the mid 80's most dealers couldn't give away Daytonas.  In 1984 it also seemed the Sub and GMT were the top of the line SS watches as they had MSRPs of around $1,350 and a Daytona was only $1,100.  Daytonas were often sold at very large discounts.  The original Daytonas were manual wind and the steel models were not certified chronometers.  Those were 2 issues that back in the day hurt its sales as most people thought of Rolex as being synonomous with automatic movements and some people thought a certified chronometer means more than it does today.  Many people say the Italian collectors were the first to start to become interested in manual wind Daytonas.  Some people have said it was the result of people seeing Paul Newman wearing a manual wind Daytona, in a film.  Not sure how true that is as I've never seen footage of him wearing one in a film, although there are several pix of Mr. Newman wearing different Daytonas over the years in his personal life and as a race car driver.  In any event, I think the second generation Daytona, which had an automatic movement truly changed the Daytona market and it quickly became one of the most sought after watches.  Rolex also increased its price beyond that of Subs and GMTs.  When I first became interested in the early 90s they had a list price of around $3,850 (Subs and GMTs were around $2,850).  Supply seemed very limited as they were only getting a limited number of movements from Zenith, and they seemed to prefer to put them in the newly released two tone models, or the all gold models since the profit margin was much higher on those pieces.  I believe the shortage of the then new automatic Daytona caused people to go back and buy manual wind models, which eventually surpassed the value of the automatic watches.    The market on Daytonas definitely became softer with the economy colapsing around 2008 and prices of SS Daytonas hitting $9,500. 

All good info Dino, and I've seen most of this somewhere else as well.

 

Not to mention some of those same Daytona's they could never give away are now commanding some very high prices in the collectors market today.


Edited by dddrees - 9/13/12 at 1:48pm
post #13999 of 33936
Quote:
Originally Posted by dddrees View Post

 

Not to mention some of those same Daytona's they could never give away are now commanding some very prices in the collectors market today.

Yes, and its the same with the vintage Explorer 2 and vintage Milgauss.  Dealers couldn't give them away without huge discounts when they were new. Now they command prices far higher than their modern replacements.

post #14000 of 33936
Quote:
Originally Posted by Dino944 View Post

Yes, and its the same with the vintage Explorer 2 and vintage Milgauss.  Dealers couldn't give them away without huge discounts when they were new. Now they command prices far higher than their modern replacements.

What was once unpopular, is now rare and expensive. 

post #14001 of 33936
Quote:
Originally Posted by dddrees View Post

What was once unpopular, is now rare and expensive. 

one mans garbage.... smile.gif
post #14002 of 33936
Quote:
Originally Posted by Find Finn View Post

Quote:
Originally Posted by bhall41 View Post



Beautiful, I prefer the size and second hand one the original though.

Cheers. It actually is the original size (38mm) - the close-up gives the illusion of it being bigger.
post #14003 of 33936
Quote:
Originally Posted by bhall41 View Post

Cheers. It actually is the original size (38mm) - the close-up gives the illusion of it being bigger.

Isn't Striking tenth 42mm
post #14004 of 33936
post #14005 of 33936
Quote:
Originally Posted by dddrees View Post

What was once unpopular, is now rare and expensive. 

 

Quote:
Originally Posted by in stitches View Post
 
one mans garbage.... smile.gif

 

I think as collectors saw values in the once unpopular manual wind Daytonas rise, they looked toward other less popular "professional models" of the same period as watches that could rise in value over time.  Unpopularity, can lead to rarity.  As a company sees units aren't selling, they reduce production and purchasers may have seen them as an unpopular items they got relatively cheaply that were not worth babying.  So really good condition examples become few and far between.  Back in the 1960s, 70's, and 80's people just wore watches (sometimes beating them up) and didn't see view them as commodities.

 

Modern watches, even limited editions will never truly be as rare or difficult to find in mint condition or better  as vintage pieces, because now instead of wearing limited editions as many collectors buy pieces and put them in vaults waiting for values to increase.   

post #14006 of 33936
Quote:
Originally Posted by Dino944 View Post

 

 

I think as collectors saw values in the once unpopular manual wind Daytonas rise, they looked toward other less popular "professional models" of the same period as watches that could rise in value over time.  Unpopularity, can lead to rarity.  As a company sees units aren't selling, they reduce production and purchasers may have seen them as an unpopular items they got relatively cheaply that were not worth babying.  So really good condition examples become few and far between.  Back in the 1960s, 70's, and 80's people just wore watches (sometimes beating them up) and didn't see view them as commodities.

 

Modern watches, even limited editions will never truly be as rare or difficult to find in mint condition or better  as vintage pieces, because now instead of wearing limited editions as many collectors buy pieces and put them in vaults waiting for values to increase.   

Hard to believe that any of todays models will ever be considered rare like those from years gone by.

 

I guess we'll just have to wait and see how things go. 

post #14007 of 33936
Many of us seek "grail" watches. I'm not sure they ever really scratch the itch, but maybe. I haven't bought a new watch in years, but I could cave if I saw a durable (dive) annual calendar watch. Ulysse Nardin used to make one. Any others come to mind?
post #14008 of 33936
Someone talk me out of this.


Im not in it for an amazing movement, I dont know the "guts" of watches well, nor do I care. I think it looks awesome for a vintage piece. Anyone know something I dont that should dissuade me?
http://www.ebay.com/itm/180972679341?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649#ht_720wt_1143
post #14009 of 33936
Quote:
Originally Posted by SpooPoker View Post

Someone talk me out of this.

Im not in it for an amazing movement, I dont know the "guts" of watches well, nor do I care. I think it looks awesome for a vintage piece. Anyone know something I dont that should dissuade me?
http://www.ebay.com/itm/180972679341?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649#ht_720wt_1143
looks redone, and shipping from uruguay. lots of fakes down there not worth the price of shipping. avoid.
post #14010 of 33936
Quote:
Originally Posted by ThinkDerm View Post

looks redone, and shipping from uruguay. lots of fakes down there not worth the price of shipping. avoid.

my wallet thanks you.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Classic Menswear
Styleforum › Forums › Men's Style › Classic Menswear › The Watch Appreciation Thread