Are Omega getting too expensive

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This guy?



Its plain yeah and a modern classic IMHO. Very much like the PO 2500. After this, Omega decided to become full on jewellery shop to compete with them guys and cater to you know... the wristrolling audience on IG.

Hey, I still love the new SMP and think its gorgeous but this one still makes me smile.
Yeah that one but in blue. I tried the black one at a preowned shop last summer and fell in love with it. I think I’ve grown in my appreciation and understanding of this watch. What I saw as a dated design to the date window I now recognize as inspired by the Ploprof from the 70’s and think is so cool. I’d be happy to own one today. I also love the PO 2201.50 and despite its thickness I think it fits my skinny wrists due to its smaller bezel and curved end lugs. You’re right, Omega has gone towards the blingy end of things although I do feel they offer a lot for the money compared to Rolex.
 
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Yeah that one but in blue. I tried the black one at a preowned shop last summer and fell in love with it. I think I’ve grown in my appreciation and understanding of this watch. What I saw as a dated design to the date window I now recognize as inspired by the Ploprof from the 70’s and think is so cool. I’d be happy to own one today. I also love the PO 2201.50 and despite its thickness I think it fits my skinny wrists due to its smaller bezel and curved end lugs. You’re right, Omega has gone towards the blingy end of things although I do feel they offer a lot for the money compared to Rolex.

It is blue but its a very dark blue and appears black under low light which is when this was taken for the lume shot.

Here is another shot I posted before,



I fully agree with Omega's value proposition. My friend who is a major Rolex guy when held this was totally blown away. He is a jeweller so he admires finish and weight. His words were "this watch has everything going for it, the only thing it doesn't have is the crown on the dial and I am okay with that."
 
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It is blue but its a very dark blue and appears black under low light which is when this was taken for the lume shot.

Here is another shot I posted before,



I fully agree with Omega's value proposition. My friend who is a major Rolex guy when held this was totally blown away. He is a jeweller so he admires finish and weight. His words were "this watch has everything going for it, the only thing it doesn't have is the crown on the dial and I am okay with that."
Wow it does look dark. Beautiful watch would buy one now for a decent price $4k cdn)
I am so turned off by the Rolex situation that it’s preventing me from even trying in the BB58 Navy Blue which I think offers tremendous value. Rolex is so d*****!
 
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Wow it does look dark. Beautiful watch would buy one now for a decent price $4k cdn)
I am so turned off by the Rolex situation that it’s preventing me from even trying in the BB58 Navy Blue which I think offers tremendous value. Rolex is so d*****!

Yes the second hand market on these is very strong now. Good ones are 4500 or so with box/papers. C24 they are 5K or so. Pricing on all Omegas has jumped (hence this thread).

I still think its a good time to buy some of these modern watches from Omega since I fear the pricing is going to continue to climb in the coming months/years. All the money from Asia has liquify somewhere in Canada/US. You know it as well as I do.

I like the BlackBay with red bezel, but I dislike the bracelet and hear too many stories regarding QC which has me turned off Tudor. I think because of Rolex situation, Tudor are also milking the brand rep the best they can.
 
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I'm very glad that I purchased my Speedmaster Hesalite in April 2019 from a local AD when I could still afford it. Out the door with taxes I paid $5350 CDN
What was MSRP? I've paid 6350 CDN tax included 2 month ago.
 
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In the last 16 years they have gone up roughly 300% but minimum wage in the UK has only gone up just over 100%. Every year that goes by the brand new retail price watch becomes more and more unobtainable to the average person.
BTW, same happens to real estate. 🙁
 
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The only luxury watches I ever see in real life are old Seamasters (1995-2010) or similar age Submariners (1995-2015) usually the date version, green bezel one or the type that's gold, blue and silver two tone.

It feels like a lot of people had old Seamasters because they were cheap at the time (about £750-£1000) and the same for Submariners which were probably bought for about £3000-£6000 depending on what one it was. I remember even back in 2015 a pre-ceramic date Submariner was only something like £4,200 and a Jeweler near me had a no date for sale at £3,400. Bond Automatic Seamasters were about £1,100 or £1,500 for the co-axial with applied markers.

Since watches exploded in popularity since 2016 and prices skyrocketed all around I never see any actual properly modern Omega/Rolex like the ones starting at £4000 minimum and going up to £10,000.
 
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They are. But generally speaking so are cars, real estate, smartphones and much more.
As long at least 1 person is willing to pay the price, they'll increase far more and far beyond the sole material value.
But indeed some brands up their prices for some models a bit hefty.
Unfortunately some true aficionados will be priced out since the investment side of some hobbys is gaining weight which amplifies the used market prices and gives the manufacturers some leeway up to charge accordingly for new items.
 
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Prices going up and grey market sales of luxury watches like Omega and Rolex and the impossibility of actually buying one from an AD is all due to the money printing by the FEd and other central banks devaluing cash towards zero. People are looking for anything, anything to hold some sort of physical value in these crazy economic times... I mean case in point negative interest rates? huh? Who would buy a bond at negative yield? Why not just buy a luxury watch?
 
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Prices going up and grey market sales of luxury watches like Omega and Rolex and the impossibility of actually buying one from an AD is all due to the money printing by the FEd and other central banks devaluing cash towards zero. People are looking for anything, anything to hold some sort of physical value in these crazy economic times... I mean case in point negative interest rates? huh? Who would buy a bond at negative yield? Why not just buy a luxury watch?
Honestly, I think it has more to do with Omega upping their game while Rolex constricts supply. Even with price increases, they're still a compelling vape proposition in comparison, and it doesn't look like they plan on stopping with bringing out new big guns. JPow's money printer is more of a US-thing, so despite the fact that the dollar is more or less the most widely used currency I doubt it's what's motivating a lot of these watch purchases.
 
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I have a better question. Are taxes getting to expensive??? Especially when you get nothing in return except corruption, criminality, less freedom and stupidity
 
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Honestly, I think it has more to do with Omega upping their game while Rolex constricts supply. Even with price increases, they're still a compelling vape proposition in comparison, and it doesn't look like they plan on stopping with bringing out new big guns. JPow's money printer is more of a US-thing, so despite the fact that the dollar is more or less the most widely used currency I doubt it's what's motivating a lot of these watch purchases.
I disagree. It's a first world central bank (and PBOC) phenomenon - not just the Fed. I tend to more agree with the post immediately above^. It's all to do with extremely low interest rates. People with debt( who tend to still have jobs....and who would always have the discretionary income and be the crowd in the market for luxury watches ) are paying less interest so have more disposable income. It's that simple. If rates were suddenly to spike we would suddenly see more SS Rolex and Omega at MSRP in the stores again. And Omega prices would fall. Even in AD's.
 
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I disagree. It's a first world central bank (and PBOC) phenomenon - not just the Fed. I tend to more agree with the post immediately above^. It's all to do with extremely low interest rates. People with debt( who tend to still have jobs....and who would always have the discretionary income and be the crowd in the market for luxury watches ) are paying less interest so have more disposable income. It's that simple. If rates were suddenly to spike we would suddenly see more SS Rolex and Omega at MSRP in the stores again. And Omega prices would fall. Even in AD's.
I don't think we're really in disagreement here. I agree that an increase in disposable income for many over the past year, as well as abundance of free time to search watch forums, etc, has contributed to the rise in watch prices. That said, it seems like that is being presented as the sole driving force behind the price increases. Even before interest rates fell flat earlier this year, Omega was still raising prices. The Seamaster 300m received a price increase six months to a year after its 2018 debut. The Apollo 11 50th anniversary sold for ~$10k, the 321 2020 steel was announced at ~$14k, and the NTTD Seamaster at ~$9k. This all happened before this year and is just a sign that Omega has been moving more upmarket for some time now. What happened this year probably makes it easier for them to keep pushing the price envelope, but there are other factors at work also contributing to the price increases.
 
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I think I’ve grown in my appreciation and understanding of this watch. What I saw as a dated design to the date window I now recognize as inspired by the Ploprof from the 70’s and think is so cool. I’d be happy to own one today.

Funny you say that about the date window - it’s the same thing that held me back from buying one. I opted for a 41mm Aquaracer instead. The date window on that particular SMP 300 feels like an anachronism to me on an otherwise sleek and modern watch.

That said, I never realized the design cue may have been lifted from the Ploprof - maybe it will grow on me now. I’ve seen the border around the date on vintage Seamasters, too.

The form factor and dial of that iteration are beautiful, though I equally love the new laser engraved wave dials. Maybe I’ll upgrade to a SMP 300 one day if they return to this smaller and thinner form factor with a date at the 6 o’clock.
 
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Funny you say that about the date window - it’s the same thing that held me back from buying one. I opted for a 41mm Aquaracer instead. The date window on that particular SMP 300 feels like an anachronism to me on an otherwise sleek and modern watch.

That said, I never realized the design cue may have been lifted from the Ploprof - maybe it will grow on me now. I’ve seen the border around the date on vintage Seamasters, too.

The form factor and dial of that iteration are beautiful, though I equally love the new laser engraved wave dials. Maybe I’ll upgrade to a SMP 300 one day if they return to this smaller and thinner form factor with a date at the 6 o’clock.
Yeah the date window, plain gloss dial and bracelet made the watch feel to 1980’s for me. I feel differently now although I still prefer the wave dial on the new model - which is simply too thick for me despite my trying to convince myself otherwise for two years! Give me today’s design in a thinner watch and I’d be all over it. Otherwise I may be looking at a preowned last generation blue in my future.
 
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His words were "this watch has everything going for it, the only thing it doesn't have is the crown on the dial

That's not a bug... That's a feature..
 
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They are great watches at the price point 60 years ago and today (not counting the SE's.) .
 
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The answer is “no”. They are not too expensive as long as people buy them. Like any other product or service, Omega will charge what the market can bear. So far, the market can bear what Omega wants the market to pay, apparently. As long as that remains the case, the prices will react accordingly.

I guess they must have a breakeven point and will be in good control of fixed and variable costs. They have to balance volume sales with profit. I imagine as prices increase they will sell less but make more margin. They will have a target amount they have to sell to cover the fixed costs.
Hopefully (I strongly suspect it is the case) they have put a lot of analysis into this and it is not a sh-t or bust approach. Of course you also need to be careful when you want a horse in very race - Mercedes found that out (volume cheap and High cost prestige options) Marketing can get tough if you want to be all things to all humans....