Do Omegas go up in value?

Spruce · May 30, 2021

Donn Chambers
………. but to answer your question, no, Omega watches will not generally go up in value, except after many, many years.

Well, in one way I think you may be right. Old Omegas (I’ve assumed this thread is about old Omegas) may not go up in value but, in the last four or five years, they’ve certainly gone up in price.

I’m not posting about pristine collectibles, Constellations, Speedmasters etc, but regular vintage Omegas, whether in good condition or not, are fetching prices far greater than when I started collecting in the not too distant past and what I might have once hoped to pick up for £200-300 is now priced at £500-750.

SkunkPrince · May 30, 2021

When I was selling my Railmaster LE, a friend was interested in buying... if it were unworn. He wanted to "invest".

p4ul · May 30, 2021

gatorcpa
So having a single out of focus picture, a one line description and only 80% positive feedback had anything to do with this watch selling for market value?

What do you think the chances are that the buyer get the watch for £300? If fake, 100%. If genuine, 0%.
gatorcpa

Close to zero in that case but, it was the first I saw,

OP said you can’t buy a Rolex for £500 ....it was an example, try this one if you want,

https://www.ebay.co.uk/itm/Vintage-...=true&nordt=true&rt=nc&_trksid=p2047675.l2557

brianbpb · May 30, 2021

Bought a new 300m diver this past week. When I can pass it down to my son and know it will still be ticking in 15~20 years is priceless to me. He turns 4 this year....hope to own more Omega beforehand!

WhiteThorn · May 30, 2021

I stand corrected!

I don’t know how you afford so many watches. I have two omegas and am looking to make another purchase at present. I can’t fathom how some of you have the collections you do!

gbesq · May 30, 2021

I have a number of Omegas in my collection that I could sell for more than I paid, including several vintage Speedmasters and Constellations.

This Geneve, however, is probably worth less than what I paid for it.

It’s also my favorite. 😀 The answer to your question is that some Omegas will increase in value and some won’t. Buy watches that you like, enjoy them, and invest in stocks, bonds and real estate.

Walrus · May 30, 2021

gbesq
I have a number of Omegas in my collection that I could sell for more than I paid, including several vintage Speedmasters and Constellations.

This Geneve, however, is probably worth less than what I paid for it.

It’s also my favorite. 😀 The answer to your question is that some Omegas will increase in value and some won’t. Buy watches that you like, enjoy them, and invest in stocks, bonds and real estate.

That is very nice looking

ghce · May 30, 2021

My collection is not too large only about 200 watches at present, I 99% of the time only buy watches I like but that 1% does come around when I see a bargain even if it is ugly.
My take is if you buy at sensible prices time will take care of the equity value when it comes to selling time, be that in 5 to 20 years, you wont loose a dime.
You need to keep your feet planted firmly on the ground and not go silly with purchase prices though I have to say hanging around here on the forum does make you drool sometimes and consider reaching deeper into that trouser pocket for that deeply hidden cash.

gbesq · May 30, 2021

Walrus
That is very nice looking

Thank you, sir. It is my birth year watch. It took me four years to find one in this condition and I enjoyed every day of the hunt. When I go to court wearing this, I know that I will be among a sea of young lawyers who wear shiny new Rolex watches and know virtually nothing about them except what they cost. The fact that I’m the only attorney in the courtroom wearing a vintage Omega - and that I know both its history and how it works - is one of the joys of watch collecting.

JwRosenthal · May 30, 2021

W WhiteThorn
I stand corrected!

I don’t know how you afford so many watches. I have two omegas and am looking to make another purchase at present. I can’t fathom how some of you have the collections you do!

ScDevon · May 30, 2021

I can't "flip" watches or even focus on their monetary value. I get too attached to them.
I have a Timex that I bought brand new in 1978 that I can't even part with. It's probably "worth" $20 bucks.

lindo · May 30, 2021

W WhiteThorn
I stand corrected!

I don’t know how you afford so many watches. I have two omegas and am looking to make another purchase at present. I can’t fathom how some of you have the collections you do!

It is just a matter of time......

gbesq · May 30, 2021

W WhiteThorn
I stand corrected!

I don’t know how you afford so many watches. I have two omegas and am looking to make another purchase at present. I can’t fathom how some of you have the collections you do!

It’s called loss of impulse control. 😲

blubarb · May 30, 2021

SkunkPrince
Rolex go up in price. Value is a subjective judgement. 😀

Used Omega generally don't increase in price. There are few that don't get used.

Value and price are two different sides of the same economic coin - finding balance between intrinsic value and price is the bane of many a watch collector I suspect.

DoctorEvil · May 30, 2021

Donn Chambers
Rolexes go up in value because people who know nothing about watches think they are the “best” watch ever made due to advertising and every social media influencer who tells them this. Because if this they are willing to pay more for that brand than any other. Sellers know this, and won’t sell for less.

Until this cycle breaks, Rolex will keep going up in price.

I just visited a gray market dealer in Sarasota who has a showroom, primarily because I was looking for a Cartier for my wife. He had 4 Cartiers, about 6 Omegas (and half of those were old Speedmaster reduced models) and about 100 Rolexes - about half of those were brand new at hugely inflated prices. He had all the new pastel oyster perpetuals, several new GMT Masters, Daytona’s, etc.

Clearly, these Rolex models are not hard to get - at least for a dealer. But because they buy them all up, they aren’t available to the masses that want them so the price keeps going up as long as people want them and are willing to pay.

but to answer your question, no, Omega watches will not generally go up in value, except after many, many years. This is like any other watch brand or jewelry or cars, which depreciate immediately after buying them.

as others have said, but a watch to enjoy it, not as an investment.

Thanks for your story about the gray market dealer. It reminded me a little about a similar situation here in Australia a couple of years ago which occurred in relation to infant milk formula. Certain brands were highly prized by parents in China because they didn't trust the locally produced stuff. So some enterprising Chinese students studying here began buying up all the tins of formula and shipping it back to China to be sold at exorbitant prices. This led to a shortage of said brands and there was a huge public outcry. As a result, supermarkets began to impose limits on how many tins each person could purchase. This then resulted in the market stabilising until production of said formula could be increased to meet demand.

Now, with regards to Rolex, surely the ADs and boutiques must know that these people they're selling commercial quantities of watches to aren't just "good customers". They must be a dealer/reseller. The AD probably just chooses to turn a blind eye to it rather than do something about it, hence the ongoing shortage and high secondary market prices.

STANDY · May 31, 2021

DoctorEvil
Thanks for your story about the gray market dealer. It reminded me a little about a similar situation here in Australia a couple of years ago which occurred in relation to infant milk formula. Certain brands were highly prized by parents in China because they didn't trust the locally produced stuff. So some enterprising Chinese students studying here began buying up all the tins of formula and shipping it back to China to be sold at exorbitant prices. This led to a shortage of said brands and there was a huge public outcry. As a result, supermarkets began to impose limits on how many tins each person could purchase. This then resulted in the market stabilising until production of said formula could be increased to meet demand.

Now, with regards to Rolex, surely the ADs and boutiques must know that these people they're selling commercial quantities of watches to aren't just "good customers". They must be a dealer/reseller. The AD probably just chooses to turn a blind eye to it rather than do something about it, hence the ongoing shortage and high secondary market prices.

China was putting Melamine in baby formula. How can you trust someone that puts plastic in your baby formula

melamine

1.
CHEMISTRY
a white crystalline compound made by heating cyanamide and used in making plastics.
2.
a plastic used chiefly for laminated coatings, made by copolymerizing melamine with formaldehyde.
"a huge melamine coffee table"

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2799451/

Kidney and urinary tract effects, including kidney stones, affected about 300,000 Chinese infants and young children, with six reported deaths. Melamine had been deliberately added at milk-collecting stations to diluted raw milk ostensibly to boost its protein content. Subsequently, melamine has been detected in many milk and milk-containing products, as well as other food and feed products, which were also exported to many countries worldwide.

WhiteThorn · May 31, 2021

STANDY
China was putting Melamine in baby formula. How can you trust someone that puts plastic in your baby formula

melamine

1.
CHEMISTRY
a white crystalline compound made by heating cyanamide and used in making plastics.

2.
a plastic used chiefly for laminated coatings, made by copolymerizing melamine with formaldehyde.
"a huge melamine coffee table"

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2799451/

Kidney and urinary tract effects, including kidney stones, affected about 300,000 Chinese infants and young children, with six reported deaths. Melamine had been deliberately added at milk-collecting stations to diluted raw milk ostensibly to boost its protein content. Subsequently, melamine has been detected in many milk and milk-containing products, as well as other food and feed products, which were also exported to many countries worldwide.

I’m a chemist... do you know the shit they put in US food? Europe’s better but even so... the mind boggles as to why it’s allowed. The latest one to discover it’s not great... titanium oxide. Not other reason to add it than colour and opacity.

Passover · May 31, 2021

Who cares? 😀

STANDY · May 31, 2021

W WhiteThorn
I’m a chemist... do you know the shit they put in US food? Europe’s better but even so... the mind boggles as to why it’s allowed. The latest one to discover it’s not great... titanium oxide. Not other reason to add it than colour and opacity.

Every time I see people slapping Ranch Dressing on everything in the US I cringe.

(The Australian NZ food standards are quiet stringent on imported foods and a girl at work is the queen of knowing everything bad in foods)

JimInOz · May 31, 2021

lindo
It is just a matter of time......

I got it.

😁

Do Omegas go up in value?

Spruce

SkunkPrince

p4ul

brianbpb

WhiteThorn

gbesq

Walrus

ghce

gbesq

JwRosenthal

ScDevon

lindo

gbesq

blubarb

DoctorEvil

STANDY

WhiteThorn

Passover

STANDY

JimInOz

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