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New Omega watch value

Jokr
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I think it's completely okay to have the resale value in your mind when deciding to buy a watch. But the question shouldn't be which watch you buy, but rather where you buy it (from an ad, grey dealer or used). Everything else is a bet on the future.
Why would anybody who intends to wear his watch choose a steel rolex over a seamaster, just because some online magazine rates its future resell value higher? Worst case scenario is you end up with a watch you don't really love and it doesn't hold its value as predicted.

As others mentioned before: Buy what you like and enjoy every single moment the watch is on your wrist.
 
Archer
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F FlyingSnoopy
Well said. I should add that the resale value of a watch is one of the criterias but a secondary one. The main criteria is how much you like it and how much you are going to enjoy it
Cheers

For me it's not secondary, or even tertiary...it's waaay down the list...

I have a friend who speaks of discretionary money that he spends on hobbies in "enjoyment units per dollar" and as you might guess, he's an accountant. 😀 But he's one who understands that you only live once, and you should make the most of the short time we have here on this planet. He only values the enjoyment he gets out of the dollars, and resale value is not in the equation. People spend money on all kinds of things that don't hold value over time.

The OP asks "Why would anyone get the new Seamaster?" but the same question could be asked for dozens of other discretionary expenses. It is to me, a rather absurd way of looking at it. Let's say he buys the watch for $3500 used, and over 3 years it drops to $2000 - don't think it would drop that far in actuality though. Then the true cost of enjoying that watch for three years is about $1.36 per day or so. I would ask why wouldn't anyone get the Seamaster at that price...that is if you actually like the watch.

Cheers, Al
 
mydeafcat
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Archer Archer
For me it's not secondary, or even tertiary...it's waaay down the list...

I have a friend who speaks of discretionary money that he spends on hobbies in "enjoyment units per dollar" and as you might guess, he's an accountant. 😀 But he's one who understands that you only live once, and you should make the most of the short time we have here on this planet. He only values the enjoyment he gets out of the dollars, and resale value is not in the equation. People spend money on all kinds of things that don't hold value over time.

The OP asks "Why would anyone get the new Seamaster?" but the same question could be asked for dozens of other discretionary expenses. It is to me, a rather absurd way of looking at it. Let's say he buys the watch for $3500 used, and over 3 years it drops to $2000 - don't think it would drop that far in actuality though. Then the true cost of enjoying that watch for three years is about $1.36 per day or so. I would ask why wouldn't anyone get the Seamaster at that price...that is if you actually like the watch.

Cheers, Al
This. Absolutely. I love the ‘Enjoyment Units per Dollar’ analogy. Who said accountants (or actuaries) aren’t fun?

In fact, using an online date calculator, I see I’ve owned my SM 2254.50 for 3796 days. I bought it new from an AD. It’s my go to daily driver, and notwithstanding my recent infatuation with my new-to-me Speedmaster, the $.59/day the SM has ‘cost’ me is a spectacular bargain compared to the joy it has delivered. Resale value? Hell no. Never entered into my mind.
Edited:
 
F
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Archer Archer
For me it's not secondary, or even tertiary...it's waaay down the list...

I have a friend who speaks of discretionary money that he spends on hobbies in "enjoyment units per dollar" and as you might guess, he's an accountant. 😀 But he's one who understands that you only live once, and you should make the most of the short time we have here on this planet. He only values the enjoyment he gets out of the dollars, and resale value is not in the equation. People spend money on all kinds of things that don't hold value over time.

The OP asks "Why would anyone get the new Seamaster?" but the same question could be asked for dozens of other discretionary expenses. It is to me, a rather absurd way of looking at it. Let's say he buys the watch for $3500 used, and over 3 years it drops to $2000 - don't think it would drop that far in actuality though. Then the true cost of enjoying that watch for three years is about $1.36 per day or so. I would ask why wouldn't anyone get the Seamaster at that price...that is if you actually like the watch.

Cheers, Al
It might drop to 2000 but, if you have enjoyed, then that would be money well spent. Of course if you really enjoy it then you would have no reason to sell it .
Cheers
 
padders
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moga moga
I’m looking to buy a Omega Seamaster 300m as an alternative to the Rolex 114060 which is never in stock from an AD.

With retails at $5200
And chrono24 sells new unworn for $3780
And private sells a 3500ish for a mint condition

It makes me hesitant to get one even for personal use.
New Omega watch just doesn’t hold any value.

Why would anyone get the new Seamaster?

If you have to ask this you need to move along. Stand indefinitely in the Rolex queue smug in the knowledge you made the right financial decision. That is all.
 
peterkirk01
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padders padders
If you have to ask this you need to move along. Stand indefinitely in the Rolex queue smug in the knowledge you made the right financial decision. That is all.
Why not ask you authorised watch dealer for a discount , showing them what and where and for how much you can purchase for. You might just be surprised. A local omega authorised dealer offered me 15% discount recently when shown same watch on the grey market. Worth a try.
 
chum_2000_uk
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I can't agree with almost everyone poo poo'ing the OP re. considering resale value. Most things I buy of any value that I don't absolutely need, I consider what the resale value may be if (when) I get bored of it down the line.

I'm not saying that losing money on something would definitely make me not buy it, but it would always be a consideration. I don't buy things like watches and cars as investments, but likewise I don't want something that's worth thousands now, or perhaps tens of thousands, to be worth nothing in just a few years time.

Some people have money to burn. I don't. So therefore I consider all aspects of I purchase rather than just "I like, I want, I'll have".
 
Canuck
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Remember back to the day that Swatch began producing “limited edition” models? Ten years later, these “limited edition” models were popping up at auction, with astronomical pre-sale estimates. Then news items would follow, touting the actual even higher values that these watches actually sold for? Does this phenomenon pass the sniff test?
Has this sort of seemingly contrived “investment value” in watches convinced some watch collectors that watches are a wise investment? I have a limited edition Swatch (the JFK model), from 30 years ago. I can’t get squat for it. As an investment in pleasure point of view, I have no regrets in owning my collection. (I have only ever owned one watch which proved to me to be a good “investment” when I sold it. My Rolex Oyster Daytona Cosmograph which I owned for 30 years.) Pure luck, on that one, coupled with a bit of planning. 😀
 
boraxman
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I let someone else eat the premium on my watch...Saved $2750 off retail and no tax for my PO that was not worn and with warranty intact. Shop smart my friends.
 
Jerseyhammer
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moga moga
I’m looking to buy a Omega Seamaster 300m as an alternative to the Rolex 114060 which is never in stock from an AD.

With retails at $5200
And chrono24 sells new unworn for $3780
And private sells a 3500ish for a mint condition

It makes me hesitant to get one even for personal use.
New Omega watch just doesn’t hold any value.

Why would anyone get the new Seamaster?
To hand on to the next generation for them to enjoy as much as you did. If you’re just interested in values get a savings account !
 
moga
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Options for my first luxury watch :

1) Omega 300m 42mm : Chrono24 $3980 no tax
2) Omega 300m 42mm : Local AD $4688 tax included
3) Rolex 114060 : $10k | $2.3k over retail🫨
4) Rolex 116710BLNR : $17k | $7k over retail 🤨
 
mr_smith
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Archer Archer
For me it's not secondary, or even tertiary...it's waaay down the list...

I have a friend who speaks of discretionary money that he spends on hobbies in "enjoyment units per dollar" and as you might guess, he's an accountant. 😀

Nice. I worked with a guy that had a similar saying: "smiles per dollar". It's stuck with me ever since hearing it. He wasn't an accountant (who knows, maybe he is now) but had a great way of looking at things, in my opinion.
 
tyrantlizardrex
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moga moga
Options for my first luxury watch :

1) Omega 300m 42mm : Chrono24 $3980 no tax
2) Omega 300m 42mm : Local AD $4688 tax included
3) Rolex 114060 : $10k | $2.3k over retail🫨
4) Rolex 116710BLNR : $17k | $7k over retail 🤨

In what reality are 3, or 4 even an option?

You complain about paying retail on an Omega, but are willing to pay Hodinkee hype tax for a Rolex, because you just can’t wait?

I’m not going to call this thread stupid, but it certainly doesn’t make any sense.
 
chum_2000_uk
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tyrantlizardrex tyrantlizardrex
In what reality are 3, or 4 even an option?

You complain about paying retail on an Omega, but are willing to pay Hodinkee hype tax for a Rolex, because you just can’t wait?

I’m not going to call this thread stupid, but it certainly doesn’t make any sense.

Erm... In the reality we are in now of not being able to walk into a Rolex AD and actually walk out with a watch, or have one ordered to collect within a few days, perhaps a week or two?

I'm not being funny, but I wouldn't want to be waiting months, years even for a watch I'd decided I wanted. Life is too short for that nonsense!
 
tyrantlizardrex
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Paying a premium because you’re too impatient to wait for your over hyped timepiece makes you part of the problem.
 
chum_2000_uk
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tyrantlizardrex tyrantlizardrex
Paying a premium because you’re too impatient to wait for your over hyped timepiece makes you part of the problem.

Part of the reason I buy Omega and not Rolex. I'd love a GMT-II, but not prepared to wait, or pay a premium, so I'll live without.
 
Om3ga321
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Archer Archer
For me it's not secondary, or even tertiary...it's waaay down the list...

I have a friend who speaks of discretionary money that he spends on hobbies in "enjoyment units per dollar" and as you might guess, he's an accountant. 😀 But he's one who understands that you only live once, and you should make the most of the short time we have here on this planet. He only values the enjoyment he gets out of the dollars, and resale value is not in the equation. People spend money on all kinds of things that don't hold value over time.

The OP asks "Why would anyone get the new Seamaster?" but the same question could be asked for dozens of other discretionary expenses. It is to me, a rather absurd way of looking at it. Let's say he buys the watch for $3500 used, and over 3 years it drops to $2000 - don't think it would drop that far in actuality though. Then the true cost of enjoying that watch for three years is about $1.36 per day or so. I would ask why wouldn't anyone get the Seamaster at that price...that is if you actually like the watch.

Cheers, Al
That's a great way to justify the pleasure one can derive from owning a certain watch.
 
p4ul
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mr_smith mr_smith
Nice. I worked with a guy that had a similar saying: "smiles per dollar". It's stuck with me ever since hearing it. He wasn't an accountant (who knows, maybe he is now) but had a great way of looking at things, in my opinion.

Oh! YES! My wife and I ask each other over every discretionary purchase “does it make you smile?”
 
Taddyangle
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If you base your buying decision on how much a watch will drop in value, then you automatically cut out 99.99% of all watches sold. If you like the Seamaster 300 then why not buy used if this is of concern?

I am not sure the wait list for Rolex is a real thing, but I have observed those the buy DJs and other watches on the shelf at Rolex are the ones that get the sport watches when they become available. So maybe try buying a DJs and Cellinni, and then you should get a chance at that sport watch.

Good luck.
 
chum_2000_uk
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Taddyangle Taddyangle
I am not sure the wait list for Rolex is a real thing, but I have observed those the buy DJs and other watches on the shelf at Rolex are the ones that get the sport watches when they become available. So maybe try buying a DJs and Cellinni, and then you should get a chance at that sport watch.

Good luck.

Great idea... I'll get the garden shears out, and start cutting the money leaves off the tree at the bottom of my garden 😁
 
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