Rolex AD's | FerrariChat

Rolex AD's

Discussion in 'Fine Watches, Jewelry, & Clothes' started by rob lay, Feb 19, 2024.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    As I posted in the other thread, in a month I'm going to walk into the Rolex AD a mile from my house. Just fun experiment go in with my usual flip flops and never have been a customer before, see how far I get! :D I'm not going to be bluffing, I will be willing to buy even multiple watches, if they are 2024 models, at retail, and on my want list below.

    So here is my want list by priority, I'm willing to get on a list for a few years for the Daytonas, maybe less than a year for GMT Master, and not much more than just delivery time for the others. My only forever Rolex would be the Steel or White Gold Daytona, the others I would be willing to trade back to dealer at wholesale for the Daytona at retail.

    Let me know your thoughts how you think it will go? :D

    Want #1

    Cosmograph Daytona Oystersteel 40mm 126500LN (white face) $15,100 MSRP

    Image Unavailable, Please Login

    Want #2

    Cosmograph Daytona Oystersteel 40mm 126500LN (black face) $15,100 MSRP

    Image Unavailable, Please Login

    Want #3

    Cosmograph Daytona White Gold 40mm 126509LN (steel face) $42,500 MSRP

    Image Unavailable, Please Login

    Want #4

    Cosmograph Daytona White Gold 40mm 126509LN (black face) $42,500 MSRP

    Image Unavailable, Please Login

    Want #5

    Cosmograph Daytona White Gold 40mm 126519LN (steel face) $32,100 MSRP

    Image Unavailable, Please Login

    Want #6

    Cosmograph Daytona White Gold 40mm 126519LN (black face) $34,100 MSRP

    Image Unavailable, Please Login

    Want #7

    GMT-Master II Oystersteel 40mm 126710 (black/green dial) $11,250 MSRP

    Image Unavailable, Please Login

    Want #8

    GMT-Master II Oystersteel 40mm 126710 (black/blue dial) $10,700 MSRP

    Image Unavailable, Please Login

    Want #9

    Submariner Oystersteel 41mm 124060 (date delete) $9,100 MSRP

    Image Unavailable, Please Login

    Want #10

    Oyster Perpetual 41mm 124300 (blue face) $6,400 MSRP

    Image Unavailable, Please Login
     
  2. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
  3. mikesufka

    mikesufka F1 Veteran
    Silver Subscribed

    Mar 4, 2006
    7,559
    Crosslake, MN
    Full Name:
    Mike Sufka
    Please keep us posted - I will be very curious. Good luck.

    MDS
     
    rob lay likes this.
  4. poljav

    poljav F1 Veteran
    Owner Rossa Subscribed

    Nov 2, 2014
    9,774
    SF Bay Area
    Full Name:
    Pol J.
    You'll have better luck as you go down that list from top to bottom. That said, I did the same thing at our local AD with a similar list, Daytona being #1, no luck. They only had one Daytona for display, two-tone white face and nothing for sale on your/my wish list. I ended up picking up the new Air-King.


    Image Unavailable, Please Login Image Unavailable, Please Login
     
  5. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    I wouldn't mind an Air-King.

    So they didn't even have Explorers or Oyster Perpetual?
     
  6. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    Do AD's sell used Rolexs that have been traded in etc or do they offload them and just do new?
     
  7. poljav

    poljav F1 Veteran
    Owner Rossa Subscribed

    Nov 2, 2014
    9,774
    SF Bay Area
    Full Name:
    Pol J.
    I was told "not at the moment", now that I have the AK, they will probably have one or two of those models next time I go in, and get the "luckily your timing is great, we happen to have a sub, explorer...." you know how it goes.

    This AD sells pre-owned, but between the asking and tax, grey market prices are better value on most of the models they had.
     
    rob lay likes this.
  8. NYFAIM

    NYFAIM Formula 3
    Silver Subscribed

    Feb 22, 2015
    1,400
    Las Vegas
    Full Name:
    Howard R.
    If you go in with a list of a dozen or more Rolexes and tell them you'll take any of them, my guess is you'll get pegged as a flipper, and probably won't get any of them. Or at least nothing that is desirable.
     
  9. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    That's why you don't go lay a list down. A buyer should be knowledgable and prepared before they go in though when the AD starts their "selling". I didn't really make it clear, but I don't want to do this for profit or even care if my total cost is more than wholesale market. I would like a "forever" Daytona (I'm not going to tell them that either as they want a long term relationship/trader). Just like the Ferrari dealer, I'm willing to play their game buy some lesser watches (if on my list) for retail and trade it back only to them at what is lower (wholesale market or retail). I win if my costs for trading back in is less than difference between wholesale market on the Daytona and retail. Like 75% get stuck with at the Ferrari dealer you lose as you keep trading back models at a loss and never get a model that truly markets above retail.
     
  10. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,121
    Full Name:
    Stickbones Swagglesmith
    Just out of curiosity what is it about the Daytona that makes you want to do all this? By the time you buy and sell other “lesser watches” while waiting for that Daytona a chunk of time and money has passed. It’s a nice watch admittedly, but there are so many other amazing watches out there, especially when you get up into the $20K range. Do you love the chronograph feature, or is just the style?
     
    Oengus, Maranello993 and Jack-the-lad like this.
  11. FLGT

    FLGT Formula Junior
    Silver Subscribed

    Jun 16, 2008
    638
    Agree with Italia Fan. Not sure why you would do all this to buy a Daytona. FWIW, I would either buy one on gray market now and have it and start enjoying it, or buy a different brand.
    Rolex makes 1.2m watches a year. Far from limited and in general their watches are far from complicated. It's the Toyota Camry of watches. Nothing wrong with it, but not worth playing games to me. There are lots of other amazing options out there that don't require playing such games. Zenith and Omega options are every bit as good, if not far better IMHO.
     
  12. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    I got heat last year after learning what I could about watches (I have never been a watch person) and basically said what you did, for the number of production and the actual quality, they aren't what they sell for. So many other brands that are better built, more rare, and less expensive. However, I do think it is required as a start to a solid "5 watch" collection and end of the day because of the market, I will lose less money on the Rolex than the other 4 better built and more rare watches.

    I don't want to pay $10-15k above retail for grey market Daytona. I would rather get one of the lesser models at retail or a GMT-Master II at a couple thousand above retail.
     
  13. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,121
    Full Name:
    Stickbones Swagglesmith
    Understood. The process may take years for retail.
    If you love chronographs there are so many great options.
    If you lust after the daytona, well, then nothing else will suffice. :)
     
    rob lay likes this.
  14. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    I lust after a F.P. Journe Bleu. I want a AP, PP, etc. Out of all the Rolex's, Daytona is my favorite by far.
     
    FLGT and italiafan like this.
  15. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,121
    Full Name:
    Stickbones Swagglesmith
    For chronographs it is hard to top the legacy of the Zenith El Primero, especially as they are in the class of high horology for Rolex prices. Their technical mastery is second to none. Just a thought. (I’m a sucker for being able to look at the escapement whenever glancing at the watch. Mesmerizing.)

     
    rob lay likes this.
  16. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,121
    Full Name:
    Stickbones Swagglesmith
  17. ylshih

    ylshih Shogun Assassin
    Honorary Owner

    Mar 21, 2004
    20,247
    Northern CA
    Full Name:
    Yin
    The first automatic Daytonas were based on the Zenith El Primero movement with some Rolex modifications. Zenith powered the Daytona from 1988 to about 2000. One of the modifications the Rolex made was to reduce the beats per hour from 36,000 to 28,800. 36,000 BPH means that the second hand moves in 1/10th second increments, while 28,800 BPH means that the second hand moves in 1/8th second increments, so you get a more precise decimal seconds reading if that's needed. The BPH reduction was made for reliability (Zenith had to use special lubrication to get to the higher BPH) and consistent service processes (Rolex was used to the 28,800 BPH standard in their repair shops).

    The Zenith Daytonas can be distinguished from the Rolex Daytonas by looking at the 3 o'clock and 9 o'clock subdials. On the Zenith they're in line with the center, while on the Rolex, they're slightly above.

    I've got a gold Zenith El Primero Chronomaster triple-date with moon phase from about 30 years ago in my collection.

    Image Unavailable, Please Login
     
    Red 27, poljav, rob lay and 1 other person like this.
  18. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,269
    Southlake, TX
    Full Name:
    Rob Lay
    Great video, learned alot.

    Daytona retail > Zenith El Primero retail or market > Daytona market
     
    italiafan likes this.
  19. poljav

    poljav F1 Veteran
    Owner Rossa Subscribed

    Nov 2, 2014
    9,774
    SF Bay Area
    Full Name:
    Pol J.
    At some point demand and supply will meet, so if you're patient, and you don't need to have it now, I'd just wait when the Daytona becomes available, they will, it's not like it's going to go away. To me spending an extra $25-$30K to be considered to purchase a $15K watch isn't worth it. I go to the AD just for the fun of it, try on some watches and 9/10 walk out without buying anything. The previous generation Daytonas are coming down in prices, black dial can be had under $25K now and will continue to go down as more of the newer model hits the market.
     
    Red 27, italiafan and rob lay like this.
  20. ylshih

    ylshih Shogun Assassin
    Honorary Owner

    Mar 21, 2004
    20,247
    Northern CA
    Full Name:
    Yin
    Except the premiums for Daytonas only seem to have increased in the last 30 years. I first was interested in a Daytona in the '90s. At that time, the retail was something like $5-6K, while the market price was in the range of $8-11K. I couldn't see buying one then either. At that time, I thought about buying the two-tone or gold ones, as those didn't have a premium, only the stainless steel ones did. I checked the market every 3-5 years, but never saw the premium go away, only extend to the two-tone and gold models.

    The Rolex Daytona seems to be for men, what the Hermes Birkin bag is to women.
     
    JAM1, italiafan and rob lay like this.
  21. poljav

    poljav F1 Veteran
    Owner Rossa Subscribed

    Nov 2, 2014
    9,774
    SF Bay Area
    Full Name:
    Pol J.
    True, but as with Hermes, how many other items you actually want to buy just to be considered for the Birkin? Rolex watches have always been a sought after item, Daytonas in particular, but it's only been since 2019/2020 that prices have skyrocketed to current levels, will they remain at these levels, imo no, as you're seeing with the previous model 116500, still expensive but are not 2-2.5x msrp anymore. Is 1.5-2x msrp the new normal, for now yes, that's why being patience will pay off. The value of the watch is what you pay for it, if you're never going to sell it then it doesn't matter what your cost basis is, that said, paying msrp or 1.5x is still better than 2-2.5x.
     
    Cigarzman likes this.
  22. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,571
    Gates Mills, Ohio
    Full Name:
    Jon
    Yes.

    Our AD in Palm Desert has a small collection of these. They go back to Rolex in Switzerland for reconditioning.

    They had a Daytona when we were there in December. Not cheap, but beautiful and with a warranty.


    Sent from my iPhone using FerrariChat
     
    Red 27 and rob lay like this.
  23. Qksilver

    Qksilver F1 Rookie
    Silver Subscribed

    Feb 11, 2005
    4,532
    PC, UT
    Full Name:
    Joe
    Good luck! Not on your wishlist, but I'll be selling my white dial two-tone Daytona soon. Just had it cleaned up at Bennison in WPB, one of the VERY few places I'd let polish a watch. Will pop it into the classifieds once I have glamour pictures.
     
    rob lay likes this.
  24. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed

    #24 Cigarzman, Feb 21, 2024
    Last edited: Feb 21, 2024
    Great analogy. I didn’t want to play the Hermes game either. I buy the new Birkin’s on the secondary market from a trusted seller over retail and call it a day. It’s much easier than sucking up to the salespeople and buying crap I don’t really want or need , in hopes of them selling me a bag.
     
  25. FIFY
     

Share This Page