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How did you guys start collecting Omegas? (question about funds)

Uncle Seiko
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orbistat orbistat
Somebody has to say it, If you can get that sort of money for an old banged up Seiko, well I'll call myself an Astronaught.

Ha ha, banged up. Nice. 馃槣

Actually, since they were a popular diver watch in the late 60's/early 70's, and most people went diving with them, they are extremely hard to find in good condition. Here is another that recently sold for $650, just to give you an idea.

$_57.JPG
 
orbistat
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Don't take it the wrong way, I like Seiko and I've got half a dozen myself and have got rid of ones I've since regretted, I know this particular model has a great history too, but really to spend over $2000 AUD on an old Seiko? That's nearly half the cost of a new Omega!
 
Uncle Seiko
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orbistat orbistat
Don't take it the wrong way, I like Seiko and I've got half a dozen myself and have got rid of ones I've since regretted, I know this particular model has a great history too, but really to spend over $2000 AUD on an old Seiko? That's nearly half the cost of a new Omega!

I take no offense, but I think it is strange that you keep referring to them as "old Seikos." I expect that from my non-watch-enthusiast friends. But isn't this a watch forum, with collectors of vintage models? Anyway, just thought that was an odd way to describe them. 馃
Edited:
 
chunkythebulldog
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Picked up my first watch about 10 years ago on finance from Goldsmiths, nothing says you've made it like buying a luxury watch on 24 months 0% finance 馃榾 Next watch came along a couple of years later after a bit of saving. Too many nice watch brands out there so I don't limit myself to Omega's. Now buy one new watch a year to build my collection dependant on funds.
 
AAAKK
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Uncle Seiko unclepenn1
I take no offense, but I think it is strange that you keep referring to them as "old Seikos." I expect that from my non-watch-enthusiast friends. But isn't this a watch forum, with collectors of vintage models? Anyway, just thought that was an odd way to describe them. 馃

Yes, very strange tone towards "old" Seikos. No worries, the strong vintage Seiko market is indicative of the broad appeal for them. Good luck with the sale of your 6105.
 
orbistat
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Uncle Seiko unclepenn1
I take no offense, but I think it is strange that you keep referring to them as "old Seikos." I expect that from my non-watch-enthusiast friends. But isn't this a watch forum, with collectors of vintage models? Anyway, just thought that was an odd way to describe them. 馃

Your perspective is obviously from a business point of view as you appear to sell bucket loads of these things and at a handsome profit, that is the difference between a dealer and an enthusiast/collector.
 
Uncle Seiko
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orbistat orbistat
Your perspective is obviously from a business point of view as you appear to sell bucket loads of these things and at a handsome profit, that is the difference between a dealer and an enthusiast/collector.

A dealer? I am a watch enthusiast, and to help supplement my watch interests, I buy watch collections and sell the ones I don't care to keep. I also recently got into selling certain straps that I like to wear, which helps fund the collection also (cf. original topic). How this keeps me from being an enthusiast/collector, I am not sure. I do it because I love the watches, and am certainly not a "dealer" of anything. Thanks for sharing.
 
dennisthemenace
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I think that anyone with over 4300 transactions and with 22 watch related items currently listed on ebay would be regarded by most members here as being a dealer.
 
Uncle Seiko
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dennisthemenace dennisthemenace
I think that anyone with over 4300 transactions and with 22 watch related items currently listed on ebay would be regarded by most members here as being a dealer.

Good to know. Thanks
 
redpcar
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Dealer = primary source of income
Enthusiast = supplementing income from watch habit
Collector = spend spend spend
 
orbistat
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Just to reiterate, you are an enthusiastic dealer, 108 sales of the same watch strap? Collector of revenue may be the case.

Uncleseiko.jpg
 
Uncle Seiko
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redpcar redpcar
Dealer = primary source of income
Enthusiast = supplementing income from watch habit
Collector = spend spend spend

Definitely #2!!!
 
Uncle Seiko
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orbistat orbistat
Just to reiterate, you are an enthusiastic dealer, 108 sales of the same watch strap? Collector of revenue may be the case.

Thanks for the publicity.
 
Willem023
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Think my little video did apply, although no-one liked it....馃槜
But who is who....
 
Uncle Seiko
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Willem023 Willem023
Think my little video did apply, although no-one liked it....馃槜
But who is who....

Ha ha, sorry man, I just watched it now. When you first posted it was late and I purposed to watch it the next day and forgot. Very funny!

"Pardon me for asking, but isn't every financial decision you have to make a struggle for you?" Hilarious! 馃憤
 
CanberraOmega
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Willem023 Willem023
This I could not resist 馃檮.... At least we have kept up our appearances


But seriously: it took me 6 years of saving, learning and 'not buying'. And I am very picky at what to buy, it is OK when it takes time.
Brilliant
 
jln319
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Sound advice... I'm definitely not independently wealthy but my kids are all grown and out of the house... Started with affordable but the ones I wanted years ago. It's taken time but I've been able to sell and trade in to owning a couple of Omega's I really like. Most of my collection is still Seiko...
 
M
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To buy an Omega was a dream of mine for years. My dad had a solid gold 1950's Omega and a year before he passed away he gave it to me. Since I was a baby I wanted that watch. 30 years ago the main spring broke I didn't know that but when I took possession in 2011, I took it in for service. The watch repair person offered to buy it ,he said it would cost more than the watch to repair. I keep it in a safe because it's value to me far exceeds any dollar amount I could ever get. I then bought a Seamaster 007 blue professional diver in mint condition and bought my wife a vintage gold Omega Deville. But through all this I found my favorite watch purchase has been CSAR Marathon auto,it never stops running and is the brightest watch I own when all others go dim it lights the way. My advice is to be patient, and keep watching. someone needs the money as much as you want the watch. Im a pastor and praying helps also.Maybe now is not the time for you to buy, let the wisdom of God prevail and seek to be wise regarding your family. A good watch IS an investment and can be a joy also to own. God Bless you and your family.
 
Tiny Iota
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I got my first by selling a kidney. Fortunately, it wasn't mine
 
Misterred
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I consider myself to be a novice collector of vintage Omega watches. Around five years ago I started small and cheap, with some crappy old Fortis Automatics I bought on eBay. After a little while I found some funky Omega Geneve Dynamics that caught my eye. After I purchased one I was hooked and looked for more exclusive Omega models. Every Omega watch I purchased was a big step forward on my budget ladder. And in the past I never expected to pay so much for a watch. I have so save for all my purchases. But this makes it extra special if you achieved buying the watch you always wanted.

My thoughts with all my purchases are: I can put in on my saving account, earn a little interest (very little interest that is) pay taxes over the earned interest (and actually earning almost nothing on my savings), or I could buy really nice watches I enjoy enormously. Every time I put one of my vintage omegas on my wrist I still get a happy feeling. And the advantage with the (more) expensive vintage watches, is their tendency to become more and more expensive over time. This morning I read a good story about cheap things; we don鈥檛 want that:

http://www.thebookoflife.org/why-we-hate-cheap-things/

It鈥檚 a long-read but I think it鈥檚 right: we want special stuff as we earn more money. People worldwide are getting richer and looking for special stuff. And watches seem to be a part of this. And because saving money in Western countries does earn almost nothing, people are looking for other investments means. And watches seem to be part of their investment portfolio.

I am not saying that one should buy watches as an investment. Always buy what you like. But I do think it is better to go for quality and not for quantity. Save one extra period and buy a better example, or more special model will pay off in the future I think.
 
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