Are Omega getting too expensive

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Looking to buy my first big boy watch. Seamaster 2254.50. It's listed from an independent dealer as near mint, no box no papers.

I'm wondering if you would suggest what the average would be that I should expect to pay. It's listed for around 3k. I don't know if that's a good deal, and I don't want to get hosed on a price because of it being near mint.

Appreciate the help.
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I can't help you with the watch, but I will pre-empt 1 response.

3k what? Dollars, pounds?
 
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$2800 to $3000. If the watch actually is in near mint. Would that be a solid price or too much?
 
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Seems in line with chrono24 prices, not that that's much guideline, surprised so many being sold without box or papers...
 
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Seems in line with chrono24 prices, not that that's much guideline, surprised so many being sold without box or papers...

Yeah. So since this is my first big purchase, I'm unsure if it's a good deal or not. I've read that some people spent that much with some wear but it came with box and papers. I'm unsure.
 
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Omega watches have always been 'Expensive.'

I was lucky in the early to mid 1990s when they were not valued in the 'Silicon Valley.' Those in the know went for the 'brands for royalty.' Quartz watches were flooding the market literally by the boat load. For most repairers Rolex was the bread and butter. For one simple reason. Rolex owners would pay more.

The local NAWCC mart undervalued the omegas. The common vintage stuff was selling for around 60 bucks for base metal. Gold was scrap value. There were also quite a few fakes from the 1970s and 1980s what did not help.

The local NAWCC could also be a bit elitist and a bit Xenophobic outside English speaking countries.. Most of the focus was on the American made pocket watches and clocks. There was also a bit of an antiquarian bend. I think to the older members wrist watches were common everyday items. As I have noted, and probably will again, Wrist watches were sold by the estate dealers and dumped in bulk on the mart tables. The good stuff cherry picked. Omega was on the lower end though of the cherry picking. So from my point of view the were more expensive than the bulk watches.

Many of the other quality brands ceased to exist or were over sold by clearing houses. An expensive watch back in the 1960 or 1970s was to me the 60 to 100 range. For a lot of people that was becoming the cost of a repair. This was also the era of mall battery changers and disposable watches. The repair dealers would complain customers only wanted to pay like 5 or 10 bucks for a full service.

I was told a lot of the stuff I got came from the DWC (Dead Watchmaker corporation.)

The new stuff in the latter 1990s was selling in the 500 to 1500 range at Macy's. Then prices really took off after the Apollo 13 movie came out. James bond at the time was still wearing Seiko. I remember when the Bond franchise switched to omega.

I was not active in the pre 1970s era. (LED and LCD watches did fascinate me though.) I got one of the sinclar kit watches. Which was like a small alarm clock. I also learned about cold solder joins. I wound up swapping it for the ergonomic chair I am currently sitting in. I never wore the watch. Sure it would have been a nice novelty, but I have had a lot more use out of this chair.

Before that Timex was really the only brand I could name. What I know about the 1940s through 1980s came from reading trade magazines. Omega never really target much advertising in these. Probably because they did not need to. Especially when they had retailers like Macy's doing the heavy lifting.
 
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As other people have mentioned, there is the inflation, the new technologies and materials, the upmarket positioning, the increased demand etc… but at least in Euro area Europe the exchange rate by itself could justify 30% price increase vs 10 years ago…

 
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Yes.

It's starting to make more sense to buy Omega watches in the secondary market instead of brand new.
 
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Yes, new Omega watches are expensive. They are luxury goods. No one needs one to tell the time. Use your cell phone or buy an inexpensive quartz watch. My solution has been to buy vintage Omega - there is an amazing variety to choose from, they are less expensive to acquire (certain classic vintage models excepted), cheaper to service, incredibly beautiful (show me something that Omega makes now that even comes close in "wow" factor to a 1950s honeycomb or hobnail dialed Constellation), very well designed (all of mine keep time within a few seconds per day), and if you buy smartly you can often sell the watch for what you paid for it and perhaps even make a small profit. What's not to love? I own ONE modern Omega - a Seamaster 300m. It's a beautiful watch with a state of the art co-axial movement that is almost as accurate as quartz, but for the $5,200 that I paid for it ($6,700 retail which I refuse to pay), I don't need a stable of new Omega watches.
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And they will continue to get more expensive. Buy now and get off the treadmill. Besides, what isn’t too expensive nowadays?
 
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IMO Omega is a great brand if you're shopping in the $5k-10k (USD) range. Which Omega(s) do you consider a good comparison to the explorer II?
Yes, you're right, Omega offer one of the best value for money watches in the 5-10 k range, I just hope something new comes before the 2023 has gone, I mean after all it's their 175th anniversary of the brand so, come on Omega release something special maybe spirate-system technology models in all collections.
Have a nice time, bye
 
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IMO Omega is a great brand if you're shopping in the $5k-10k (USD) range. Which Omega(s) do you consider a good comparison to the explorer II?
Yes, you're right let's just hope prices won't skyrocketing once more before this 2023 ends
 
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Yes, you're right let's just hope prices won't skyrocketing once again before this year ends
 
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I wonder how the price rises affect not the one-watch buyer but the collectors. When I bought my first new Omega, in the olden days of 2019, Aqua Terras were going on promotion for CAD 4500.00 new at my local AD, the 2018 SMP Divers were a bit less, and I paid just under 5k for my Speedy Pro. So I picked up a brand-new SMP300 and a Speedy Pro for about what I'd pay now for a 3861 sapphire. Maybe those who can afford to drop 10-15k a year on watches can fill their watch boxes with Omegas, but if you have that kind of scratch you're also likely cross-shopping against higher-end brands. Interesting times.
 
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I just sold my Rolex Submariner for a small profit because I grew tired of thinking of my watch as an investment rather than something I wore that was attractive, beautifully made, felt good on my wrist, and kept remarkable time. Considering those factors my Seamaster 300m is a bargain.
That's what the sub is? IMHO I would have added a Speedy.
 
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I don't have an Omega boutique near me. I'm not backwoods either, just in a smaller town. That said, my only choice is 'local' jewelry dealers. To date, they've been useless. Little or no inventory. And don't know much. As always, they say, "...but I can get that." But guess what? So, can I. So now, other than your markup, what am I really getting from you? My solution? I do order accessories from an Omega boutique that's about 550 miles away. Now, I've never bought 'used' from the grey market, only new. Frankly, I've saved a considerable amount of money doing it this way. One way or the other, they all end up on my front porch. A signature required for delivery, of course.
 
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That's what the sub is? IMHO I would have added a Speedy.

No disrespect. But a sub is a sub is a sub. And I really do appreciate tradition. But is Rolex just mailing it in anymore? So many of them all look the same. Now, full disclosure, I'm an Omega fan. But not, per se, in the traditional Omega sense either. I like unique pieces, not the 'me too' models. Something you don't see every day. Attached are two of my Omega's, which are totally different. And? They have zero resemblance to any Rolex product. Which for me, is just the way I like it.