First luxury watch.

phooi · Feb 22, 2021

A Aliprvz
Good day to everyone! I am looking for any advice I can get my hands on. I am a student and I really want to start saving to buy myself my first luxury watch of sorts this year as a 21st gift to myself. I have always liked the omega seamaster and speedmaster as I feel more attraction towards tool watches. I know that the best speedy to get is probably the professional but I don’t know if I’ll be able to afford it, therefore I have been looking at the 39mm models and for a wrist size of 16-17cm I think it would work quite well. The model I have been thinking about the most is the speedmaster triple date 3520.50 . I really like this complication and how busy it is as well as unlike the reduced I don’t feel like it’s trying to be a professional but more of something very different. I guess my question is how much would be a good price and what should I be looking at paying for this watch. Also would this be a smart investment in regards of value I don’t plan on buying the watch to potentially sell but if it comes to it I would want to buy a watch with all my savings to only loose money on it or later regret buying over something else. Any advice would be greatly appreciated it!

In the current environment, most, if not, all “investment” watches have all been priced in. You will not likely find a deal. Don’t buy something if you can’t afford it because you will almost always take a hit. It’s a life lesson to spend below your means.

Instead, focus on what you can afford and buy something that you will like. Having that watch and enjoying it for a decade or more will more than offset any depreciation you will feel. By then, you will be in a different place in your life. Hopefully, your income bracket will change and you can buy something nicer.

Good luck.

Engee · Feb 22, 2021

Buying for long-term investment is high risk speculation. It’s very hard to know which watches will be collectable in 20, 30, 50 years from now. For sure, you’re better off investing in high quality, and therefore more expensive watches, but which Omegas will be the grails of 2050? Who knows?

Short-term investment is also difficult, in fact, I’d call it dealing, not investing. If you want to make profit on a watch within, say, five years you need to buy low, which means you need to know what, how and where to buy. That’s not going to be eBay or Chrono24. If you want to invest, and enjoy the watch, then you have an added problem, because if you buy a watch to wear, even if you get it cheap, you’re going to have to spend perhaps between £200 and £400 for a decent service depending on condition and complications. That’s why dealers tend to pass on the responsibility of servicing to the customer when selling on eBay - because it’s not possible to recover that cost when you sell a watch unless you have an unknowledgeable retail customer who pays their “newbie tax” (we’ve all done that) and even then, when they advertise the watch as serviced, it will probably only have had the most basic service possible.

If you think a watch will be a desirable collectors piece in a few decades from now, then so do others, and prices will already be high because of that. These watches will be being bought up now and looked after. There’s a paradox here because it means that in years to come these watches likely won’t be very rare. Instead the watches that will be worth really big money in years to come are not thought of now, and there won’t be many of them available in good condition when collectors decide that they are the watch to own.

So as people here always say, buy the watch you want to enjoy wearing. Research the models so you don’t overpay, but don’t expect to get anything very cheap. There are too many people out there who will bid and make sure the watch goes for about the right price at least. Often the winner overpays for exactly that reason. If you’re lucky you’ll pick up something slightly below market rate, but once you’ve had it serviced you’re already going to lose if you try to sell quickly, and you have no idea whether your watch of choice will be particularly desirable in the long-term.

Aliprvz · Feb 22, 2021

Engee
Buying for long-term investment is high risk speculation. It’s very hard to know which watches will be collectable in 20, 30, 50 years from now. For sure, you’re better off investing in high quality, and therefore more expensive watches, but which Omegas will be the grails of 2050? Who knows?

Short-term investment is also difficult, in fact, I’d call it dealing, not investing. If you want to make profit on a watch within, say, five years you need to buy low, which means you need to know what, how and where to buy. That’s not going to be eBay or Chrono24. If you want to invest, and enjoy the watch, then you have an added problem, because if you buy a watch to wear, even if you get it cheap, you’re going to have to spend perhaps between £200 and £400 for a decent service depending on condition and complications. That’s why dealers tend to pass on the responsibility of servicing to the customer when selling on eBay - because it’s not possible to recover that cost when you sell a watch unless you have an unknowledgeable retail customer who pays their “newbie tax” (we’ve all done that) and even then, when they advertise the watch as serviced, it will probably only have had the most basic service possible.

If you think a watch will be a desirable collectors piece in a few decades from now, then so do others, and prices will already be high because of that. These watches will be being bought up now and looked after. There’s a paradox here because it means that in years to come these watches likely won’t be very rare. Instead the watches that will be worth really big money in years to come are not thought of now, and there won’t be many of them available in good condition when collectors decide that they are the watch to own.

So as people here always say, buy the watch you want to enjoy wearing. Research the models so you don’t overpay, but don’t expect to get anything very cheap. There are too many people out there who will bid and make sure the watch goes for about the right price at least. Often the winner overpays for exactly that reason. If you’re lucky you’ll pick up something slightly below market rate, but once you’ve had it serviced you’re already going to lose if you try to sell quickly, and you have no idea whether your watch of choice will be particularly desirable in the long-term.

wow I never thought of it like that! But as I said I wouldn’t plan on selling the watch for profit or sell it at all. I guess it’s more of a justification to myself for spending all the money on something like a watch if the value holds. It’s just knowing that it wasn’t a poor decision I know that to actually loose or make money you’d have to actually first sell the watch which is not my intention I’m not planning on buying watch to later sell it specially if it is my first luxury watch I actually plan on keeping in my future collection what ever it maybe to represent this time of my life.

Engee · Feb 22, 2021

A Aliprvz
wow I never thought of it like that! But as I said I wouldn’t plan on selling the watch for profit or sell it at all. I guess it’s more of a justification to myself for spending all the money on something like a watch if the value holds. It’s just knowing that it wasn’t a poor decision I know that to actually loose or make money you’d have to actually first sell the watch which is not my intention I’m not planning on buying watch to later sell it specially if it is my first luxury watch I actually plan on keeping in my future collection what ever it maybe to represent this time of my life.

I sort of understand where you're coming from, and I don't!

Once you buy a watch with no intention of selling it, the money is gone, and the resale value, at any point in the future, is meaningless. I do understand the idea of not wanting to waste your money, but if it's a watch that you want to enjoy for the rest of your life, then the primary concern is to buy a watch that you think you will still love to wear in many years to come, or if you stop wearing it, you will still enjoy owning. If you have no intention of selling the watch, then you can't waste your money on something that you intend to keep - it only becomes a potential waste of money when you decide to sell it.

Aliprvz · Feb 25, 2021

I just came across this Omega what do guys think of the condition, is it original it’s quite difficult to tell but I thought maybe someone who knows this watch could determine better. Links look definitely stretched ( how bad is this) also a rough value for the watch with no papers or box?
Omega 2531.80
Kind Regards

bthUK · Feb 25, 2021

This is currently for sale on the Christopher Ward forum at £1600

Aliprvz · Feb 25, 2021

B bthUK
This is currently for sale on the Christopher Ward forum at £1600

I can’t see the picture could you send me a the link please.

bthUK · Feb 25, 2021

There s currently a triple date for sale on the Christopher Ward forum at £1600
You need to join, and make a few posts to view the sales listing.

janarnold · Nov 24, 2021

Hi, cool idea, every self-respecting man should have a good luxury watch (or luxury replica watches 😀). I remember myself as a student, I also dreamed of cool watches. I worked as a cashier at McDonald's to somehow survive, I saved up for my first expensive watch for a very long time, I wanted to attract the attention of all the girls from the faculty, when you're young, that's all you're interested in. Time has passed and I understand how stupid it was and it wasn't worth it. I now have a large collection of watches, I even have some rather expensive Rolex. I still sometimes can't resist buying myself some luxury replica watches, sometimes I can buy myself a new Apple Watch or Samsung Watch, they have their own aesthetics, and they are convenient. Have you thought about buying an electronic watch?

First luxury watch.

phooi

Engee

Aliprvz

Engee

Aliprvz

bthUK

Aliprvz

bthUK

janarnold

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