Watches - another OCD problem
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Ben Clymer and John Mayer are bragging about their new Daytonas at Hodinkee.
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so nice..
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I found that Ben Clymer and John Mayer were just a bit too gushing in the article I linked to. The Daytona's a nice piece, but I don't think that it's the greatest chronograph in the world.
I'd be tempted by the Heuer tourbillon or the Vacheron Constantin Quai de l'Ile, which are only slightly more expensive, and cheaper than a flipped Daytona.
Incidentally, @flavour79 that Corum chronograph is really cool. I meant to say something earlier.
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I found that Ben Clymer and John Mayer were just a bit too gushing in the article I linked to.
Yeah, it was a bit much.
I was, however, intrigued by their comparison to Apple; the intensity of feelings toward Rolexes (both positive and negative) seems very similar.
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The Apple comparison seems spot on. Porsche is similar, with a slow evolution, yet still considered best of breed; limited supply of in demand models; and an equally fanatical owner base.
Luxury goods companies are very good at just under supplying the market with hot products. Sometimes this drives up demand, there's an argument at Pistonheads that Porsche did this with the 911R, and in doing so they may have boosted the numbers sold.
I suspect that for all of Hodinkee's hyperbole about Daytonas fetching $30,000 on the secondary market, most people who want one will get one in the next year or so. Rolex produce a million watches a year, and they'd be stupid to leave a pile of the money on the table in order to maintain a mystique about one model. They'll limit production enough to make them hard, but not to the extent of a seven year wait.
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if you ask me about chrono, the first two that comes to mind would be the daytona or the speedmaster. personally, i wouldn't fit VC as the same leagues as these boys. it's a great piece nonetheless, although maybe not being the best in the world, but i've a soft spot of rolexes, new or old.
the secondary price market for these daytonas are probably for the ultra rich who are too lazy to even bother adding their name to the list to wait in line. the price would go up in the secondary market, but definitely not double. that said, it really depends how much an individual would be willing to pay to skip the waiting..
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when i said same leagues, VC definitely belong in the 'holy trinity' as patek and ap. definitely a step up. although rolex are all in house built and materials sourced, it's not haute horology watch company..
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The Apple comparison seems spot on. Porsche is similar, with a slow evolution, yet still considered best of breed; limited supply of in demand models; and an equally fanatical owner base.
Luxury goods companies are very good at just under supplying the market with hot products. Sometimes this drives up demand, there's an argument at Pistonheads that Porsche did this with the 911R, and in doing so they may have boosted the numbers sold.
I suspect that for all of Hodinkee's hyperbole about Daytonas fetching $30,000 on the secondary market, most people who want one will get one in the next year or so. Rolex produce a million watches a year, and they'd be stupid to leave a pile of the money on the table in order to maintain a mystique about one model. They'll limit production enough to make them hard, but not to the extent of a seven year wait.
There will always be a group of people who can't wait and will pay a premium for the Latest and the Greatest. Just to be one of the first. This culture comes and goes but at the moment it's at a frenzied boiling point. GT3 RS making 100-150k over list price. 911r contracts selling for 250k plus. It's like musical chairs. When the market falls which it always does then people can take massive losses. The idea of Daytona making twice the list price is madness.
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I agree. Rolex isn't stupid, clearly. Holding down production to the point that people will accept several year waiting lists and pay double on the secondary market would be dumb. I'm sure they'll slowly ramp up the volume coming off the assembly line and capture as many of those buyers as possible, and the used market will be more in keeping with other models. A few people, the ones who always have to have things first, will pay demand bubble prices, but most will just wait.
Production speculation aside, it is the nicest looking Daytona I've seen in ages. Especially the white faces version (sorry, Graeme
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it's amazing how much demand can change in a few years. didn't have anything about a waitlist when i got my gmt2 3 years ago. but maybe it was only the ln model and not the blro or blnr model so perhaps demand for that wasn't so high..
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Anyone recommend the best place to sell a Omega watch? Is there specific sites or just eBay?
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Haven't sold there recently, but I always had pretty good luck with watchuseek.
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Continuing the Rolex love in, Monochrome have an article on the new Explorer. I like this piece a lot.
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Haven't sold there recently, but I always had pretty good luck with watchuseek.
nice thanks mate
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@Tempvs I've seen a couple of MB&F clocks in your collection, and I think that you've got a Silberstein too, so I suspect that you'll like their new collaboration. I do.
There's a write-up at aBlogToWatch.
