Winter already passed for me. Im aware of the flaws

But still interesting piece of artifact

 

Not flaws really, just characteristics. Just the way they are made.

It's not a flaw, if it's the way it is meant to be. There are other watches made in other ways...these are just not them

 

Yeah, the likes of Omega and Rolex have really pulled a fast one by increasing prices so much over the last 15 years, so expectations have risen. I mean, the street price of the Daytona flirts with AP prices now, which is an entirely different level. The MSRP of my Aqua Terra was well under $3K, and a DateJust was only maybe $500 or so more.

 

You guys think the omega prices will fomlow suit with the Rolex?

 

Follow suit

 

What do you mean?

Rolex has been more expensive then omega for the same product for decades and both have massively raised prices above inflation for decades.

 

To me they already are. They may be behind by a percentage but they are both equally inflated for the product they offer.

That being said, I like the watches.

 

Current product contradicts the trend, even if we only have the last three years or so as a trend.

Globemaster was set for a $7700 MSRP in the US, came out at $7000. Previous gen PO without ceramic dials and non-MC were $6200, new version is $6550.

Second gen AT was $6000, new MC models are $5500. New AT Railmaster is $5100.

New Speedmaster Racing is set to be well under what the old Speedmaster 9300 retailed for ($8700 or so I believe).

Meanwhile I've heard rumors there's going to be a Rolex price hike before the end of Q1 2018...

 

Just a few old datapoints, according to my Omega price guide printed Dec. 2005:

2803.52.37 Aqua Terra Railmaster Co-Axial: $2650.00
2503.34.00 Aqua Terra Co-Axial: $2880.00
2900.50.91 Planet Ocean Co-Axial: $3300.00
3570.50.00 Professional Moonwatch: $3000.00
3551.50.00 Speedmaster Broad Arrow: $4900.00

 

Yes, I'm aware. None of those watches use in-house calibres, and that's also more than 12 years ago.

I was pointing out that Omega is, contrary to most opinions, reducing prices or holding very close to current prices, as opposed to Rolex where 12 years ago you could get a Daytona close to $6000, where they are now $12,500 with far fewer updates than Omega watches have received in that time, and updates to prices are done periodically and arbitrarily rather than when the models gain an update.

 

I wasn't posting those to illustrate an opinion. I'm just posting data points.

The steel Rolex DateJust 16200 went from $3800 in 2005 to $6600 today.

FWIW, the Daytona was $6975 in 2005.

 

How long does it take to build an Omega watch in average?

I saw a video saying it takes 1 year for rolex

 

The previous president said they sell about 2000 Omegas per day, so although I can't tell you an exact number, the answer is generally "not very long."

Rolex makes something like 800,000+ watches per year so again although I can't give you any solid number, the answer is likely "faster than Omega does."

Don't believe the marketing...

 

Ha ha ha...thats a good one!

 

Uh oh, you're starting down the slipper slope of Veblen goods that I warned about! Just don't ask how much it likely costs to make these things...it's likely only a 3-digit number.

 

Ho ho...im very aware of how much goods cost at manufacturing stage. I deal with these prices in my profession and see how the price increase from one stage to another.

 

Do you work for a luxury goods company?? Veblen goods are an entirely different level!

 

No not a luxury company. Veblen goods is insane but then some companies can turn regular products in shtf situation into giffen goods. That is even more insane than veblen goods.

 

I believe the average is around 30-35% of retail price. That doesn't include marketing, R&D, and other expenses in getting them to customers. 40% is probably a safe bet.

 

There were several threads about this over on watchuseek years ago, and the estimations were nowhere near 35%. They're a fun read.

For example, an ETA 2892 is only a couple of hundred bucks wholesale, so you can image what it might cost for ETA to make them. Even if we're generous and say a Master Co-Axial costs Omega/ETA 2x or 3x to make than a 2892, this most expensive part of the watch is still relatively low in price.