Breaking News: The New Steel Speedmaster With Caliber 321 “Ed White”

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I agree that flippers will try to sell them for $23k at first, but as soon as the second batch is released next year you'll be able to pick them up for half MRSP from greys. Also, there's a good chance that Omega uses the 321 movement in other Speedmasters down the line. So now is the worst time to buy this piece in my opinion.


1/2 MSRP huh? I need that crystal ball or yours 😉
 
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What I find more and more crazy as time goes by is how every lemming on the internet throws 'faux tina' in when they diss a watch (like this).

Do you mean only owners of vintage watches with 'vrai tina' are entitled to joke about 'faux tina' 🙄
 
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2. If you prefer a Speedmaster because it’s priced well below a Daytona, guess what... this release isn’t targeted to you.

Sure about that? The MSRP on a SS Daytona can these days be viewed in one of two ways: either there is no MSRP (because they’re unpurchaseable from Rolex), or the MSRP includes not only the Daytona’s sticker price but also the price of several precious metal Rolexes one must first acquire before being in contention for a chance to receive a SS Daytona at MSRP from Rolex.

in the real world, the Daytona’s MSRP is totally irrelevant, and the only discernible cost of entry is a review of the grey market for an unworn piece - which is currently about $23K

in the real world, if a person can pick up one of these 321’s at an MSRP of $15K, they’re spending far less than required to pick up an unworn SS Daytona.

there may be plenty of other reasons to not purchase the 321, but those reasons really don’t seem to include it “being more expensive than“ a SS Daytona (or GMT II)
 
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As the number of views of this topic reaches the price of the new 321 chronograph in Euros, I wonder if, within 2 months time, we'll have a similar topic on a modern day Speedmaster with 321 movement looking like the 105.012 or 145.012 ... celebrating 50 years Apollo 13 ?
 
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My SWAG would be about 2,000 per year...just a guess...😉
Excuse me for my ignorance, can I ask what does it mean SWAG?
 
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Excuse me for my ignorance, can I ask what does it mean SWAG?

My SWAG about the meaning of SWAG in this context is Strictly Wild-Ass Guess -- but IDK for sure.
 
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As the number of views of this topic reaches the price of the new 321 chronograph in Euros, I wonder if, within 2 months time, we'll have a similar topic on a modern day Speedmaster with 321 movement looking like the 105.012 or 145.012 ... celebrating 50 years Apollo 13 ?

Yes, this is my guess also.
Then the $15k would be more accepted by the masses. Of course this one will be quite a bit higher...
 
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Bingo

These are tool watches that lasted 50 years and if well kept they will last another 50 with regular wearing.

And they will probably last other 50years, but that's not what i meant.
 
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Just got an e-mail from my OB inviting the watch purchase for a full deposit of $15,263.25 including 8.25% TX sales tax. My initial reaction is NO, but will sleep on it for a few days ...
 
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Just got an e-mail from my OB inviting the watch purchase for a full deposit of $15,263.25 including 8.25% TX sales tax. My initial reaction is NO, but will sleep on it for a few days ...
A few days from now somebody else will have paid the deposit, and you'll have to wait a year.
 
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My SWAG about the meaning of SWAG in this context is Strictly Wild-Ass Guess -- but IDK for sure.

Close!

Scientific Wild Ass Guess...
 
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flw flw
A few days from now somebody else will have paid the deposit, and you'll have to wait a year.
You’re probably right but I am currently not convinced why this 321 should cost twice as much as my 145.012-67 🤨
 
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kov kov
Do you mean only owners of vintage watches with 'vrai tina' are entitled to joke about 'faux tina' 🙄

Erm...nope 😀 This is what I mean...
 
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Close!

Scientific Wild Ass Guess...


You’re probably right but I am currently not convinced why this 321 should cost twice as much as my 145.012-67 🤨

Why was the MSRP on that watch v what you paid? Orders or magnitude less...lol.
 
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Why was the MSRP on that watch v what you paid? Orders or magnitude less...lol.
Hehe ... I was thinking about how I would spend my own money, nothing to do with the market.
 
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You’re probably right but I am currently not convinced why this 321 should cost twice as much as my 145.012-67 🤨
Agreed!
 
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My initial reaction is NO, but will sleep on it for a few days ...

Got to ask yourself, is it to keep or flip, if its to keep then your asking the right questions, if you would sell then yours could be one of the first to hit the grey market and that's for the dealers to give you a price they feel would get them in on a new 321, I expect some greys have buyers already lined up, they just need the stock..
 
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I think others said it well: the price works for Omega because they will sell all of them at that price. If the watches lose value Omega will be okay. Most Patek watches also lose value after sales. And most of these buyers aren’t sweating losing 40-50% on their purchase as they don’t plan to cash out in year 1 or 2.

Hermes Birkin bags and Chanel bags have crazy prices and they sell, too. Same with Cartier and VCA baubles. Are the buyers suckers? Dunno.
 
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Just got an e-mail from my OB inviting the watch purchase for a full deposit of $15,263.25 including 8.25% TX sales tax. My initial reaction is NO, but will sleep on it for a few days ...

Another interesting datapoint from a boutique in TX:

I was the 2nd person to put down a full deposit. Rep calls me today to ask to talk about my buying history from boutiques. Says (essentially, but my words) that they’re going to make both a quantitative judgment on who gets the units based on the order of providing a deposit, but also a qualitative judgment based on purchase history, etc. Rep asked that, to help my case, I send proof of receipts of other purchases, etc. He says this is in part to try and avoid sales to grey market.

My response, essentially:

(1) this watch is meant to appeal in part to vintage watch people, who don’t as regularly purchase modern watches from boutiques

(2) grey market buyers have plenty of history buying modern from boutiques

(3) Owning SS Rolex sports watches, I understand the game being communicated here, but am less certain Omega gets to play that same game just yet, and that nothing about their apparent plan will slow grey market buyers - and in fact requiring extensive prior boutique purchase history may favor grey market buyers.

Otherwise of interest: rep says they don’t know timing yet, but conservative guess may be May before first unit arrives in boutique.

to be clear, the rep was being great about it all and just communicating his directives - even said to help him out by sending photos of my vintage omegas

all in all, luckily the deposit is cancellable at any time... may be sooner than later
 
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Having looked at it again through the day, I do think is a good looking Speedy, elegant and with a lovely bracelet.

As others have pointed out, the "Lazarus" 321 movement story (digital scanning etc.) + one watchmaker per watch (probably just assembly and regulation) is really just marketing BS to justify the price premium.

From a pure functional watch experience, what does the 321 movement provide over the 1861/3861, apart from the smoother column wheel operation? Does the 321 movement demonstrate tangible superior aesthetic pleasure with vastly improved finishing, compared to the 1863?
If the 321 movement "heritage" + Ed White ref. + Dot over 90 + ...other little details "turn you on"🥰, well the new SS Speedy 321 package might be perfectly justified at US$15K😀

From a wider perspective there seem to be so many other interesting options for US$15K if you look at JLC, GO...but then again, I respect that each man/woman has their watch "fetish/lust".

For my collection a more interesting proposition would be a 2020 Speedy Pro with a 3861 movement + exhibition caseback + a new improved bracelet, at around US$6-7K.

On a final note I do think Omega deserve praise for providing this level of diversity for the Speedy collectors and paying attention to the desires of their brand community. The strategy of making the Apollo 8 DSOTM and the Speedy 321 non-LE production runs was also a positive step forward.😀
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