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Do Omegas go up in value?
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Dan S
·https://www.omegawatches.com/en-us/customer-service/interventions-and-prices/restoration
Not sure what other Swiss company would do this....
Just off the top of my head: Longines, JLC, V&C, PP, IWC.
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SkunkPrince
·Just off the top of my head: Longines, JLC, V&C, PP, IWC.
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S.H.
·I'm suggesting that the recent parts restrictions are at least a thorn in the side of hobbiests and collectors and is probably affecting the value and collectability of some pieces especially the "sweet spot" of 1950s and 1960s Swiss watches.
I thinks it is supposed to be that way. Omega made fine watches back then, and the Omega of today does not want too much competition from the Omega of the mid 20th century and its millions of watches already on the used market, on which they make no money. They have to sell new watches on a saturated market after all.
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SkunkPrince
·I thinks it is supposed to be that way. Omega made fine watches back then, and the Omega of today does not want too much competition from the Omega of the mid 20th century and its millions of watches already on the used market, on which they make no money. They have to sell new watches on a saturated market after all.
https://www.omegawatches.com/en-us/customer-service/interventions-and-prices/restoration
This alone says you're not right.
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rfcs
·Everyone knows two things...
Rolex’s go up in value.
Omega as a brand has much more interesting history, so many records to its name etc.
So how come you can pick up Omegas for £500 but not a Rolex?
Will post bond Omegas continue to rise in price or does owning Omega remain the privilege of those who can afford to lose the value?
it’s all supply and demand. At present more people lust or want Rolex over Omega so that explains higher market prices overall. Although Omega holds up in value fairly well. Some Speedmasters are priced in the secondary market higher than retail. Vintage Omega are priced lower than vintage Rolex for the same reasons, adding a more limited supply of vintage Rolex.
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Watchtime
·Yes, Rolex go up from my experience and Omega seem to just hold there value.
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ScDevon
·Excuse me, but:
https://www.omegawatches.com/en-us/customer-service/interventions-and-prices/restoration
This alone says you're not right.
Thank you. Restoration STARTS at $1500. 3 month waiting list minimum. Plenty of money to be made on vintage Omega watches, not just new watch sales. At least they're willing to help you out at all, though. I think they would fabricate any part if you were willing to pay during a restoration (Patek Philippe certainly $$,$$$ will). I would be willing to pay Omega if the piece were important enough to me.
It seems that many people are reluctant to send watches to Omega, though. The restoration examples are nice on the website, but people have mixed reviews or maybe their expectations were unreasonable.
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SkunkPrince
·The people on this site don’t want restorations, they want original, regardless of condition.
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cineaste
·The term restoration is completely misused on watches! If a film, painting or art restorer saw what they are doing to watches, they would probably start pulling their hair out of exasperation!
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Dan S
·The people on this site don’t want restorations, they want original, regardless of condition.
Everyone knows that this is your pet peeve about the forum, and that you are a strong advocate of restoring vintage watches with modern parts, which is your prerogative. However, IMO this is really not a fair statement about the people on this site, by whom you mean "collectors".
I would say that most collectors here want original watches in fine condition. They understand that these are hard to find, and they are willing to hunt for them and/or pay the necessary prices. All one needs to do is look at the photos of watches that are posted on a daily basis to see that members have collected some amazing original examples. While this approach may not be for everyone, I think that by consensus it represents the highest goal in any type of collecting, and there is no reason to deprecate it. To each his own.
Anyway, I think this is largely unrelated to the OP's question. The reason that Omega and Rolex prices behave differently is primarily an issue of mass-market prestige.
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SkunkPrince
·Everyone knows that this is your pet peeve about the forum, and that you are a strong advocate of restoring vintage watches with modern parts, which is your prerogative. However, IMO this is really not a fair statement about the people on this site, by whom you mean "collectors".
I would say that most collectors here want original watches in fine condition. They understand that these are hard to find, and they are willing to hunt for them and/or pay the necessary prices. All one needs to do is look at the photos of watches that are posted on a daily basis to see that members have collected some amazing original examples. While this approach may not be for everyone, I think that by consensus it represents the highest goal in any type of collecting, and there is no reason to deprecate it. To each his own.
Anyway, I think this is largely unrelated to the OP's question. The reason that Omega and Rolex prices behave differently is primarily an issue of mass-market prestige.
I believe you really don't understand my position. People can love and pay for whatever they want (as long as it's legal) and that is just fine with me. I personally have bought and wear Omega because I like the styling and the mechanical aspects and have been for 30 years now. As I have mentioned on another thread, my "collection" is complete:
Starting with the 166.010, my watches are also of "collector quality", because I like them to be in nice condition as well. The movements have been serviced to my standards, which means that (aside from the trench), they all function as well as they did when new. The trench amuses me, it runs crazy fast on the timing machine and varies less than a few seconds a day on the wrist.
But you do have to wonder about a certain set of collectors who invent a new language to describe the damage they appear to value, "tropical", for example, or call a dial so spotted you can hardly see the lettering as "patinated".
But that's fine. Their money, their choices. The wonderful thing is that there is room for all of us in the club... people who see a vintage Seamaster and think it would be really cool to wear an old watch, those who receive a watch from mom or dad, people like me who just like the brand and get a few (well more than a few) to wear each day, and those hardcore collectors who spare no time or expense hunting down the perfect example. One I couldn't afford at the time I wish I could have was a rose gold Seamaster from the mid-50s wearing its matching rose gold bracelet.
I regret the shortness of my answer but I was reading the forum on my iPad, and typing on those things is painful enough that I don't try to write lengthy responses, which then get misinterpreted, and for that I apologize.
I don't think I woud send any of my small accumulation for the $1500 restoration. Maybe the trench? But I sure enjoy what I have.
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gatorcpa
··ΩF InvestiGatorBut I sure enjoy what I have.
gatorcpa
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Dan S
·I believe you really don't understand my position.
Actually, I have an unsolicited PM from you that makes your position about "collectors" pretty clear.
Edited:
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SkunkPrince
·Actually, I have an unsolicited PM from you that makes your position about "collectors" pretty clear.
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Lurk41
·Thank you. Restoration STARTS at $1500. 3 month waiting list minimum
Also good to know: last time I discussed with my OB (it was a while ago ^^), they told me they were digging into the archives and scanning old calibers to be able to service more and more of them.
Dibs on the armadillo bracelet 👍 Just curious, is it as great as people say?
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SkunkPrince
·Dibs on the armadillo bracelet 👍 Just curious, is it as great as people say?
Yes and no. While it will bend into a nice flowing curve, it doesn't have any give to it, so it's not going to twist any appreciable amount like a BOR bracelet will.
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kaplan
·Ever since I started collecting, which is less than a year ago, they didn't go up in value
However certain models appreciated in value, for example I was seeing Mark 40's for $1300 when I wasn't interested, then they became $1600+
And this is the most interesting part, just 1 more person being interested in a watch, can increase it's value 50% or more in auctions, one time I drove a watch from $300 to $900 then gave up
TL;DR: No they don't go up, but it's because people aren't looking at them - if there was a decent platform to buy and sell, practically, model by model, we could experience a vintage boom
However certain models appreciated in value, for example I was seeing Mark 40's for $1300 when I wasn't interested, then they became $1600+
And this is the most interesting part, just 1 more person being interested in a watch, can increase it's value 50% or more in auctions, one time I drove a watch from $300 to $900 then gave up
TL;DR: No they don't go up, but it's because people aren't looking at them - if there was a decent platform to buy and sell, practically, model by model, we could experience a vintage boom
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