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hoshimachi
·Sigh... so prices have increased in East Asia.... much sadness. The Speedmaster no longer feels like a "tool-watch" now that it hits above 8K USD here.
2023 Price Increases
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fakinbacon
·Wow, sapphire Speedmaster Pro up 5.25% up from $7,600 to $8k on the Omega website in the US.
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Aroxx
·Wow, $7k for hesalite and $8k for sapphire in US. Guess I bought mine at the right time even though I was way late to the party when things used to be really "cheap". I bought my hesalite from an AD on Chrono24 for $5,800 last August.
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Evitzee
·We are now back in the mode when increases are done multiple times a year in an attempt to keep up with inflationary pressures, welcome to the 1970's. At least we don't have the crappy cars of that era.
New 321 Ed White now up to $15,400.
New 321 Ed White now up to $15,400.
Edited:
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Owlsu
·Doesn't look like it hit the UK - still £6,400 for us with the hesalite bracelet setup.
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chiefenergy
·inflation.
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DougPhx
·inflation.
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Gav1967
··Tend not to fret too muchI won’t hold my breath that pricing will move down much post inflation.
"Post inflation" ?? not sure what you mean??? Pricing going down would be deflation. In reality (unless there is a depression) inflation is always in the economy but normally at a lower % and more controlled.
Prices will continue to rise just at a slower rate.
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DougPhx
·"Post inflation" ?? not sure what you mean??? Pricing going down would be deflation. In reality (unless there is a depression) inflation is always in the economy but normally at a lower % and more controlled.
Prices will continue to rise just at a slower rate.
Fine…when hyperinflation is reduced to modest 2-3% per year. Is that a more precise and preferable way for me to phrase it?
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Gav1967
··Tend not to fret too muchC’mon…you get the point I was making regarding price increases across the board in many industries well beyond the increased cost burdens. Taking advantage to aggressively ramp profit and using inflation as an excuse to do so.
Fine…when hyperinflation is reduced to modest 2-3% per year. Is that a more precise and preferable way for me to phrase it?
Watches are luxury goods not basic necessities. At the end of the day they will continue to rise at a rate the manufacturers want to (regardless of inflation) until the market can stand it no more and consumers stop buying them
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ErichPryde
·The point still stands that prices will continue to rise just at a slower rate. If you are expecting prices to "move down" I suspect you will be very disappointed.
This was his point as I took it.
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ErichPryde
·Inflation + the excuse of inflation to add a sprinkle or 2 of price gouging to pad margins. It’s going on everywhere despite substantial supply chain recovery. Everyone gets used to paying more so temporary spikes become permanent. Why lower the price and give up the extra profit if people keep buying and sales volume keeps increasing. Good old fashioned and reliable human greed. I won’t hold my breath that pricing will move down much post inflation. Companies have zero incentive to do so….unless sales volume drops like a rock.
Inflation, prices, the economy, the stock market... all decoupled from one another, like sine waves only partly overlapping with one another through time.
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deepsealight
·In
Interesting point! It's true that these factors can sometimes behave like sine waves, with only partial overlap.
Inflation, prices, the economy, the stock market... all decoupled from one another, like sine waves only partly overlapping with one another through time.
Interesting point! It's true that these factors can sometimes behave like sine waves, with only partial overlap.
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rudagger
·Wow, $7k for hesalite and $8k for sapphire in US. Guess I bought mine at the right time even though I was way late to the party when things used to be really "cheap". I bought my hesalite from an AD on Chrono24 for $5,800 last August.
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Savirde
·I wonder how low grey and pre-owned prices will get after this.
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Edgeworth
·This latest round of omega price increases is really turning me off the brand. It’s just more money than I think is reasonable for the product. And the retail prices are well above market value.
I’m now seeing the next lower level of brands as a more viable option. Prices on the Tudor models that I like have been creeping up, but still a much better value proposition than Omega. And I’m more open to exploring the world of Longines, Nomos, and even Tissot, Seiko, Mido and others. As well as being more open minded to some micro brands.
I’m now seeing the next lower level of brands as a more viable option. Prices on the Tudor models that I like have been creeping up, but still a much better value proposition than Omega. And I’m more open to exploring the world of Longines, Nomos, and even Tissot, Seiko, Mido and others. As well as being more open minded to some micro brands.
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sonicosa
·I added a Reverso to my collection two years ago, and the price has gone up almost 40% since then. Yeesh. Glad I bought it when I did.
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pusslicker
·C’mon…you get the point I was making regarding price increases across the board in many industries well beyond the increased cost burdens. Taking advantage to aggressively ramp profit and using inflation as an excuse to do so.
Fine…when hyperinflation is reduced to modest 2-3% per year. Is that a more precise and preferable way for me to phrase it?
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pusslicker
·I added a Reverso to my collection two years ago, and the price has gone up almost 40% since then. Yeesh. Glad I bought it when I did.
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sonicosa
·Most of that was just recently? I was looking a few months and when I came back to the JLC site the watch I wanted had gone from 7k to 10k. I was thinking I must have been mistaken with the 7k, but I guess not.
I’m not sure when the price changed, but I know the large Reverso Duo was $9600 in June of 2021 and is now $13,300.
I was also looking at the Master Control Chronograph Calendar in January of this year. I believe it was $17,400 then and is now $19,100, so a significant increase, but not as extreme as what you may have seen.
