From The Archives: What Makes The Omega Speedmaster Calibre 321 So Special?

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Putting aside all of the marketing hype over this watch, I just can't help but ask whether this watch is really worth the retail premium and, worse, the secondary market premium. For those of you who have purchased one, do any of you have buyer's remorse? Is it really that good? Not that this should ever be a reason to purchase any watch, but do you really think that this model has - God forgive me - the potential to appreciate as an investment piece? Candidly, I can see it more or less holding its value as many Speedmaster iterations do, but beyond that I have my doubts.
Zero buyer's remorse, worth every penny of the approx 13% premium I paid, would do it again in an instant. I doubt many are buying this as an investment piece, I certainly didn't, but you never know when Omega might just decide to stop making it. It appears that Omega is having difficulty producing them at the rate they planned (around 50% of planned per Fratello). Once Omega concludes that a) it's too expensive to continue to produce on a piecemeal basis, or b) it's done its duty from a marketing standpoint, they will probably stop production. They never promised that everyone would get one like they did with Snoopy. If/when they stop production then I think prices would rise. But that's just speculation. Only an individual can decide what price is acceptable for a particular car, house, audio gear or watch.

This would be the last of my twelve Speedmasters I would sell which include the new 321, 861, 1861, 1866, 1869 and 3861 movements, the EW321 is at the head of the class. Plus you get the bonus of a five year Omega warranty.
Edited:
 
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Will the Snoopy and the 321 be in the current collection for the next say; 3 to 5 years?
This brings us to the question; when and more importantly how will Omega wind down the "limited production" editions? I'm very curious what you think. My guess is the 321 will be in the collection and for sale at OB for a few more years at least. I don't think they will discontinue this model, and leave only the Canopus321 and the Platinum321 available. Or will they discontinue the whole movement? Don't think so.
My guess is the production will slow down, and get lower and lower, for a few more years. Now maybe 1000 movements a year. Two/three years from now maybe 300. But it can be in production for a very long time. What will be the strategy? Do we want 10 years of full production and end up with around 20.000 pieces?
And what about the Snoopy. We saw new snoopies every 5 years (limited, sold out quickly). Now they have a 3 years hype on their hands. Will production get slower and slower eventually to keep the hype strong, or is Omega going to pump and pump and again eventually end up with 20.000 / 25.000 pieces? Swatch already sold a million Moonswatches. 1.000.000.

My take on this is: Omega cares the most about having pieces in the collection that have Rolex-like hype status. For the last three years it has been 321 and Snoopy as the absolute front runners. Omega is "trying" to create this "scarcity" also for other models, as the green seamaster, the james bond 60 among others, but I doesn't stick really like the Speedmasters. More like Tudor, the first year it's hard-to-get, the next year it's available everywhere and the hype dies down.
I think 321 and Snoopy will be discontinued, ONLY when Omega has a substitute hype watch for it.
Once the next limited production Speedmaster catches on like the Snoopy, with the same hype and madness, only then Snoopy3 will be discontinued officially. Until then lower and lower yearly production is possible.
By extension I see the Ed White 321 being substituted by the next steel 321 model, possibly a racing dial with red hands, or another 1960s classic reintroduced. Again only when that one catches lightning, the currect Ed White will be discontinued.
Another possibility: like the blancpain X swatch substitute after the MoonSwatch died down: The next thing will be released only after everybody lost interest in the current thing.

Then again; a substitute for the 321? Is it even possible to outperform this instant classic? It's THAT good. Same here, the 321 is the last one in the collection to go.

Your viewpoints on this matter, please.
 
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Will the Snoopy and the 321 be in the current collection for the next say; 3 to 5 years?
This brings us to the question; when and more importantly how will Omega wind down the "limited production" editions? I'm very curious what you think. My guess is the 321 will be in the collection and for sale at OB for a few more years at least. I don't think they will discontinue this model, and leave only the Canopus321 and the Platinum321 available. Or will they discontinue the whole movement? Don't think so.
My guess is the production will slow down, and get lower and lower, for a few more years. Now maybe 1000 movements a year. Two/three years from now maybe 300. But it can be in production for a very long time. What will be the strategy? Do we want 10 years of full production and end up with around 20.000 pieces?
And what about the Snoopy. We saw new snoopies every 5 years (limited, sold out quickly). Now they have a 3 years hype on their hands. Will production get slower and slower eventually to keep the hype strong, or is Omega going to pump and pump and again eventually end up with 20.000 / 25.000 pieces? Swatch already sold a million Moonswatches. 1.000.000.

My take on this is: Omega cares the most about having pieces in the collection that have Rolex-like hype status. For the last three years it has been 321 and Snoopy as the absolute front runners. Omega is "trying" to create this "scarcity" also for other models, as the green seamaster, the james bond 60 among others, but I doesn't stick really like the Speedmasters. More like Tudor, the first year it's hard-to-get, the next year it's available everywhere and the hype dies down.
I think 321 and Snoopy will be discontinued, ONLY when Omega has a substitute hype watch for it.
Once the next limited production Speedmaster catches on like the Snoopy, with the same hype and madness, only then Snoopy3 will be discontinued officially. Until then lower and lower yearly production is possible.
By extension I see the Ed White 321 being substituted by the next steel 321 model, possibly a racing dial with red hands, or another 1960s classic reintroduced. Again only when that one catches lightning, the currect Ed White will be discontinued.
Another possibility: like the blancpain X swatch substitute after the MoonSwatch died down: The next thing will be released only after everybody lost interest in the current thing.

Then again; a substitute for the 321? Is it even possible to outperform this instant classic? It's THAT good. Same here, the 321 is the last one in the collection to go.

Your viewpoints on this matter, please.
Dear Mr
Nice artikle,i make my self ED from Oem parts and my old cal 321,ref 2998-5 exract to have upgrade,allso i have 2998-5 and enyoj in both weekly.
Best reg
Bassem
 
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My take on this is: Omega cares the most about having pieces in the collection that have Rolex-like hype status.

Your viewpoints on this matter, please.

Anybody has an opinion on this?
 
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I'm thinking about getting one of these, but I want to replace the caseback for an omega non-display caseback, and also replace the bezel and crystal with an aluminium and hesalite.

Is it possible to do this with all omega parts?
 
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Anybody has an opinion on this?

Sounds plausible, make sence in a marketing perspective.
 
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Overrated watch. Bought one, didn't like it, sold it.

Don't get me wrong, it's good looking, but not *great.* I think hype is too high on this watch.
 
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Overrated watch. Bought one, didn't like it, sold it.

Don't get me wrong, it's good looking, but not *great.* I think hype is too high on this watch.

What specifically did you not like about it?
 
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It wore bigger than the dimensions suggested, the 1861/3861 sit flatter on the wrist likely due to the differences in the lugs. The ceramic bezel - something I thought I'd enjoy - gave the watch a nice look but makes it also appear bigger than the 1861 because there's even less contrast from the bezel to the dial.

For a modern take on a vintage watch, I didn't think I'd miss the hesalite, but I was definitely yearning for it. On top of all this, even though it was totally expected, the accuracy was not great; nowhere compared to modern omega movements. People make it seem like it's this brilliant movement coming out of the heavens.

It's still a good watch - I appreciated the movement, the open caseback, the history, the bracelet. In the end, wasn't worth the money to me.
 
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It wore bigger than the dimensions suggested, the 1861/3861 sit flatter on the wrist likely due to the differences in the lugs. The ceramic bezel - something I thought I'd enjoy - gave the watch a nice look but makes it also appear bigger than the 1861 because there's even less contrast from the bezel to the dial.

For a modern take on a vintage watch, I didn't think I'd miss the hesalite, but I was definitely yearning for it. On top of all this, even though it was totally expected, the accuracy was not great; nowhere compared to modern omega movements. People make it seem like it's this brilliant movement coming out of the heavens.

It's still a good watch - I appreciated the movement, the open caseback, the history, the bracelet. In the end, wasn't worth the money to me.

Agreed. The lack of hesalite and less than stellar accuracy would bother me also.
 
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It wore bigger than the dimensions suggested, the 1861/3861 sit flatter on the wrist likely due to the differences in the lugs. The ceramic bezel - something I thought I'd enjoy - gave the watch a nice look but makes it also appear bigger than the 1861 because there's even less contrast from the bezel to the dial.

For a modern take on a vintage watch, I didn't think I'd miss the hesalite, but I was definitely yearning for it. On top of all this, even though it was totally expected, the accuracy was not great; nowhere compared to modern omega movements. People make it seem like it's this brilliant movement coming out of the heavens.

It's still a good watch - I appreciated the movement, the open caseback, the history, the bracelet. In the end, wasn't worth the money to me.
Those are interesting observations. I've never considered the 321 Ed White to wear big(ger) than an 1861/3861 Speedmaster, just the opposite, the straight lugs and no crown guard presents a simpler watch on the wrist to my eyes. I understand people get excited about hesalite v. sapphire but I can't get too excited over it, especially on this watch. The sapphire crystal and ceramic bezel all work together for me, I really wouldn't want a plastic crystal and aluminum bezel insert on this rendition at this price level. Accuracy, well, that was a known going in, this movement dates from the early 40's and if historical accuracy was maintained it wasn't going to get improved much although they did put in a longer mainspring for about a 65 hour runtime. Accuracy is fine for day to day wear in my experience.

But if it didn't work for you at the price of admission then you did the right thing and moved on.
 
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+1 on the hesalite and non-ceramic bezel team here
 
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Dear All, ceramic bezel & glass is dinsticion form old way ,i make My self form old 321 cal& and OEM parts New Ed White,,case back from old 2998-5 cant be screw into new case,cal holder is diferent only new cal holder can be fit with cal 321 old one,diferent in did,new precise all parts to have or You cant finsch fankestein build!
 
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I like my 321. I’ve had 2 3861 speedies and to me the 321 wears much better. As for accuracy, mines seems to be keeping time fine. It’s a mechanical watch, if I wanted absolute accuracy, I would buy a quartz or Apple Watch. People who buy a Speedy 321 are buying it for the movement and history. Most casual watch guys would be better off with a 3861.

The same more or less applies for a Snoopy too. It’s basically a more expensive, harder to get dressed up 3861 with an animated case back. I like it for what it is and in all honesty, I probably will buy mine when I get the call later this year but again, if you are a casual watch person, you would be better off with either the hesalite or sapphire 3861.
 
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My 321 runs +0.5 sec a day.
Exactly, the 321 only needs a proper adjustment to be the workhorse it has been designed to be!
 
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I can understand the 321 not clicking for some, we all have different taste and don’t wear the same clothes, thank goodness. For me, it’s by far my favorite watch in my collection. Super comfy and all elements just work, I’m look at you ceramic bezel and sapphire glass. If more people actually got to see them live and wear these watches, the demand would be much higher, but due to the scarcity, it’s just not possible. It’s the ultimate Speedy in my book.
Speaking of scarcity, I have professional contact to a large OB and get to discuss the amount of watches they receive. They might get 2 Snoopys a month where the 321 is more like 1 MAYBE 2 per year, and have received 5-6 since it was released. Add a 100+ waiting list to that and the average customer has no chance. It is much rarer than most seem to believe.
 
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Offering the 321 with just the option for hesalite would be a killer move imo
 
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And different bezels designs… but that’s another story