In an email I received from Omega International Watch Sales dept. this afternoon was the information that deliveries of the 60th Anniversary Speedmaster would start "around September/October".
Hope this info is useful to all!
In an email I received from Omega International Watch Sales dept. this afternoon was the information that deliveries of the 60th Anniversary Speedmaster would start "around September/October".
Hope this info is useful to all!
B bioceanBut the deposit is refundable so there’s really nothing to lose except the loss of 7k liquidity for the waiting time (to me it is worth at most 300 bucks with a generous assumption of 8% annual investment return and a half year wait).
In an email I received from Omega International Watch Sales dept. this afternoon was the information that deliveries of the 60th Anniversary Speedmaster would start "around September/October".
Hope this info is useful to all!
In an email I received from Omega International Watch Sales dept. this afternoon was the information that deliveries of the 60th Anniversary Speedmaster would start "around September/October".
Hope this info is useful to all!
Regarding deposits, I feel a 20% or so amount is very fair and justified. However, the full deposits do probably counteract the speculators a little. I see why they do it therefore, but I'm not a fan of such a high deposit.
For example, a watch I've been after for a while has just come through for me. If I'd paid everything in to the Omega, it would have made life very difficult and I may have had to say no to the new watch. Not everybody has the funds to place a 100% deposit, so imagine if you've sold a watch or something else to cover it, and then they ring you to tell you your allocation has gone wrong in some way and they've got to refund you.
This is what happened to me the other day but luckily I only had a smaller deposit placed.
B bioceanYou made a very valid point, wayneG. However in my perspective you shouldn’t sell to cover the deposit cost, instead you should borrow against and just consider the interest of borrowing as a part of the watch price, or “the cost of liquidity”.
What this deposit thing means to me is that the watch is in fact priced more than it’s $7,250 msrp, but $7,250 plus the cost of financing. It might be $7,500 or even $8,000 or whatever the number is depending on your cash position and your ability to finance. In other words, it’s exactly like buying a forward.
However I do admit that most people tend not to think it that way - if Omega asks for full deposit and you don’t have extra liquidity, you just simply wouldn’t buy it.
Just my 2 cents...
Well my argument against that would be that most people wouldn't want to finance thin air, which is basically what you get until the watch finally arrives in store. Then there's the fact you've only seen images of the watch up until the time you purchase. There will be some who dislike the end product and ask for a refund of their deposit; it would then cost you money if you've financed.
Then there's the fact that Omega have your money. They not only sell you a watch but earn interest on the funds, whilst you end up paying more than RRP because of the interest.
So I think financing in this case wouldn't make any sense unless you're absolutely desperate to do such a thing and own such a watch.
B bioceanAssume you take a personal loan for $7,250 for whatever time period the wait time is, and hypothetically the interest on the loan is $300. Then this “100% deposit” thing really is just putting down a $300 non refundable deposit for a $7,550 watch.
Whether or not people think it’s worth it is yet another story.
Cannot find the picture on Insta? Any link or issuer's name?
Maybe yes, maybe not. No offense, but there is so much contradictory information about this, that I would not take anything from granted on this topic. Last week, a guy was told by Omega that deliveries of the speedmaster, railmaster and seamaster would start at the end of August. Well a few hours later, the first railmaster popped up on Instagram and a couple of days later, a seamaster…
I take your point about confusing information, however my email yesterday direct from Omega only concerned the Speedmaster, since that is my primary interest the other two are lovely but I couldn't have all three!
There is a post on the other thread from @Meanjohnbrown on the 29th July and his information from the OB at Bluewater UK was for September/ October delivery although this looks like it was for all three, so still not clear.
So far it appears that two watches have been delivered, I won't be expecting mine anytime soon unless we start hearing of multiple deliveries.
Regarding the conversation on deposits, I ordered a Speedmaster from my AD in March and no deposit was asked for until June when I paid £1k which I thought was reasonable to confirm my intention to buy. They had other people asking for them and had just had their allocation cut so this was understandable. What I do find difficult to get my head around is the 100% upfront which seems to have happened at the OB's, particularly in the USA.
Just seen @blokk picture, who knows what's going on?
B blokkThe Bluewater info seems to be for the individual pieces as well. Regarding the different dates, probably the OBs and ADs were also given the various dates by Omega themselves based on when they applied for their allocations? Is that how they work?
Are the two pieces you mentioned railmasters?
Regarding deliveries, my mistake, as far as I can see there is only the one Railmaster. I thought I had read of a Seamaster delivery but can't find it now so must be wrong, getting old!
With regard to dates I think I'll just go with the September/ October period that Omega told me, there are so many different "guesses I've decided to stop obsessing about it. The fact they say September/October suggests to me probably October and then it depends where you happen to be on the distribution. I think I'll go with @McJamesT and yourself and treat it as a Christmas present!
Just a final note, the buyer for my AD made their application at Baselworld, but I don't think that means anything when it comes to distribution, I'm sure the OB's will be the priority.
I think there is evidence of 3 Railmasters in Europe being delivered. 1 in Paris and the OB on Champs Elysée posted it. 1 in Hamburg; 1 in Italy on Instagram. I hope those aren't the only 3 orders on that continent....
