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Imagohp
·I just got an email from the OB. There’s a a piece available for pick up. Wondering if the current market is better of me to pick up from the grey market. Should I decline their offer?
321 offer from OB
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Davidt
·Have you checked out secondary market prices - what are they looking like?
Would you value the OB experience?
Would you value the OB experience?
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Imagohp
·Found some that’s 2K below. Just afraid the price is trending down. Not too much concern about the experience.
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Dan S
·I wouldn’t buy this watch expecting it to be an investment.
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Davidt
·Are you wanting a watch or an investment?
Pretty much all watches are currently trending down in value.
Pretty much all watches are currently trending down in value.
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Evitzee
·If you like this watch and are offered one at retail from an OB you won't do better. But don't buy it on the expectation that you will make money on it. You won't lose a lot but you aren't going to make a killing, either.
Edited:
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twizit
·As above. Can’t see you finding a comparable NIB with full warranty outside of an OB
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Raskolnikov
·Just take it!
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Mute
·You're not going to get a better deal on an Ed White on the grey market. Take the offer.
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hansmaulwurf
··Senior Snoopy OwnerHi,
I had the same option - handed over to me by another member - and bought the 321 from OB without
any discount … I didn’t regret it - it’s the one Steel Speedy to be owned these days and decades.
BR
Hans
I had the same option - handed over to me by another member - and bought the 321 from OB without
any discount … I didn’t regret it - it’s the one Steel Speedy to be owned these days and decades.
BR
Hans
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hansmaulwurf
··Senior Snoopy OwnerThis thread needs a picture 👍
Here is my 321...
Here is my 321...
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Annapolis
·I share the same confusion that others have expressed: is this a watch you really want to own and wear?
Maybe you're only asking about street price because you do want the watch and want to be sure you're not paying above fair market value. That's always a good thing to check when buying an Omega, as they do not tend to retain value on the whole, and many retail upwards of 150% fmv; the 321 is one of the few models that currently doesn't follow this trend, so your best bet is probably to pay retail.
But if you're trying to gauge popular sentiment because you want to buy a watch that's going to maintain value or appreciate, I'd avoid Omega altogether. Not saying this model won't fare well long term, but I wouldn't bet on it. It's gorgeous. It's hot right now. But it's also kind of a "vintage homage" piece, and things like that strike me as very much of their moment. A real 1950s jukebox is always going to be more collectible than a 1980s reproduction of a 1950s jukebox--that's sort of an analogy to what we're talking about here. I'm definitely an outlier as someone who rarely goes for "heritage" pieces, but I'd probably just reach for the real-deal, tried & true Speedmaster Moon Watch... or save up and wait for a real Ed White to come on the market that's worth buying. ---If, that is, my concern was in any way about value. If you love the watch, buy it, and it sounds like retail is the way to go. But as a rule, Omegas specifically (and watches generally) are horrible investments.
Maybe you're only asking about street price because you do want the watch and want to be sure you're not paying above fair market value. That's always a good thing to check when buying an Omega, as they do not tend to retain value on the whole, and many retail upwards of 150% fmv; the 321 is one of the few models that currently doesn't follow this trend, so your best bet is probably to pay retail.
But if you're trying to gauge popular sentiment because you want to buy a watch that's going to maintain value or appreciate, I'd avoid Omega altogether. Not saying this model won't fare well long term, but I wouldn't bet on it. It's gorgeous. It's hot right now. But it's also kind of a "vintage homage" piece, and things like that strike me as very much of their moment. A real 1950s jukebox is always going to be more collectible than a 1980s reproduction of a 1950s jukebox--that's sort of an analogy to what we're talking about here. I'm definitely an outlier as someone who rarely goes for "heritage" pieces, but I'd probably just reach for the real-deal, tried & true Speedmaster Moon Watch... or save up and wait for a real Ed White to come on the market that's worth buying. ---If, that is, my concern was in any way about value. If you love the watch, buy it, and it sounds like retail is the way to go. But as a rule, Omegas specifically (and watches generally) are horrible investments.
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scapa
·As someone who has sat for years on the waiting list for one of these, with apparently no end in sight -- if you want it, take it.
Not an investment with a guaranteed high return, of course, but a splendid watch with, I hope, a guaranteed return in terms of pleasure and pride of ownership on that original investment.
Years ago I was offered a deal from a boutique dealer on a storied valve (tube) amplifier I'd long admired. It was more a bit than I had to spend bit I figured I'd never have that opportunity again. Many years later, je regrette rien.
Not an investment with a guaranteed high return, of course, but a splendid watch with, I hope, a guaranteed return in terms of pleasure and pride of ownership on that original investment.
Years ago I was offered a deal from a boutique dealer on a storied valve (tube) amplifier I'd long admired. It was more a bit than I had to spend bit I figured I'd never have that opportunity again. Many years later, je regrette rien.
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Imagohp
·Hi all thanks for the feedback. The reason I'm asking all is I recently sold a SM Racing Coax at an extreme lost and that quite a heartbroken to lose 5k CDN. So I just would like to know if this i will be down the same fate if down the road I am going to do the same thing. Even though, I have put my name down for 2 yrs but at the end I passed on it.
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YY77
·Hi all thanks for the feedback. The reason I'm asking all is I recently sold a SM Racing Coax at an extreme lost and that quite a heartbroken to lose 5k CDN. So I just would like to know if this i will be down the same fate if down the road I am going to do the same thing. Even though, I have put my name down for 2 yrs but at the end I passed on it.
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Dan S
·Hi all thanks for the feedback. The reason I'm asking all is I recently sold a SM Racing Coax at an extreme lost and that quite a heartbroken to lose 5k CDN. So I just would like to know if this i will be down the same fate if down the road I am going to do the same thing. Even though, I have put my name down for 2 yrs but at the end I passed on it.
If you want to maximize your odds of value retention, I'd suggest a brand and model with proven collectibility.
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Imagohp
·A very nice piece indeed.
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texasmade
·Honestly, I think you should pass on the watch if you're worried about value retention. This doesn't seem like a watch you really want and, with a handful of exceptions almost all Omegas lose value.
Right now the 321 is retaining value but like others mentioned, this isn't a LE. Omega could continue making 321's forever reducing the value of yours.
I'm just going to caveat and say if you really like it and think you'll keep it forever, then definitely buy it from the OB. You won't find a better price for it at the moment for a BNIB.
Right now the 321 is retaining value but like others mentioned, this isn't a LE. Omega could continue making 321's forever reducing the value of yours.
I'm just going to caveat and say if you really like it and think you'll keep it forever, then definitely buy it from the OB. You won't find a better price for it at the moment for a BNIB.
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Davidt
·Wry few new watches are retaining value in 2024. I’m not convinced that dealers/flippers will offer above retail for a Submariner in this market.
You should buy what you like and write off the price (or at least assume a 30-50% loss). Then whatever you get for it if you need to sell is a bonus.
You should buy what you like and write off the price (or at least assume a 30-50% loss). Then whatever you get for it if you need to sell is a bonus.
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Evitzee
·The 321 is an Omega halo product, if the floor fell away and retail and secondary market prices dropped well below retail Omega would likely trim back production. If they truly produce only 1,000 to 2,000 pieces a year this is a tiny production to fill worldwide demand at the present time, even with the slowdown of the world's economies. If Omega felt the market was becoming permanently saturated with 321s I can see them shutting down production for good. I don't see prices dropping much on the 321, it's probably the safest and most secure Speedmaster in their current catalog. The Snoopy has been a monster hit for them but they are winding up production now, they don't want to see Snoopy selling for under retail. The new Omega strategy is not the same as the old strategy.
