New Speedy Incoming

mule play · Sep 11, 2016

Son of Light
So I abruptly came across a deal I could not pass up and was wondering if it is, in fact, a deal: It is a new Speedmaster Pro, 1861, on a leather strap. It is coming from an AD but being sold as a "returned" model. Essentially, a customer bought it, didn't wear it, and returned it in exchange for something else within the 14 day return period. The jeweler sells watches like this at a discount online occasionally, and it isn't coming with the big fancy space box and extra straps - just a plain old Omega wooden box. Given that I really only care about the watch itself, I'm fine saving dough and foregoing the goodies.

The cool thing is, I spoke to the shop, and they said they are giving me a 2-year warranty. If anything goes wrong, I am to send it to them and they will send it to Omega and cover costs. So, it's basically like an Omega warranty but unofficial. I assume this is not smiled upon practice but it makes sense to me since they technically can't sell the watch as "new" even though it is in pristine condition. The price was $2600. Good or bad deal?

Hello. Could you private message me the dealer, please. I would like to negotiate this pricing if they have one left. It must be 001 model, on strap, with hesalite plexi.

mattonthewater · Sep 13, 2016

Sort of sounds like something Govberg would do possibly.

mdgrwl · Sep 16, 2016

If this is truly an AD, and their story is really true, they are taking a loss on the watch or they hit the returner with a huge restocking fee.

Again, if this story is true and there is no more Omega Factory warranty left - this is a very old watch, 4-5 years old. Why have they not sold this returned "new" watch in 4-5 years? Makes me wonder & worry.

Warranty - at this price, this is below dealer cost so they are gambling nothing will happen to the watch. If you do need warranty support, they are going to have to pay cash out of pocket to fix it. You'll see true colors come out under these conditions - expect them to pin the issue as 'your fault' and deny a claim.

Who is the AD? If everything is on the up and up, reveal who they are... the fact your hiding it makes me wonder even more.

mdgrwl · Sep 16, 2016

Son of Light
It is an Omega warranty in the sense that they will send it to Omega for any repair in the next two years no money out of my pocket. They will not attempt to service it themselves.

It is this model exactly: https://www.omegawatches.com/watche...rofessional-chronograph-42-mm/31133423001001/

I can't say if it's made in 2016, but it is the updated model.

Alarm !!!

If this is truly the "updated model" then its newer and should be under the Omega Factory Warranty still. The fact they are not giving you a true Omega Warranty shows this is not an AD, and this is grey market. AD's will give you any remaining factory warranty left on the watch.

Honestly? This entire situation sounds odd and I personally wouldn't like owning this piece, so to answer your question did you get a good deal? No. I wouldn't of touched this watch to begin with.

DesperateTimes · Sep 16, 2016

I would like to respond here because I think this issue is important to the forum given the responses in this thread. I am the OP, but am posting under this name because my previous account is still suspended due to a disagreement with some of the staff regarding a separate thread.

For precisely the reasons you mention, I promptly returned the watch upon receiving it. I did not even wind it. I was under the impression they would at least send me the pictogram card. It came in a generic box with no details and a strange warranty card written out by the jeweler with nothing to do with Omega.

I suspect, as you mention, they are taking a hit on the watch or perhaps something to do with a restocking fee and still making money on it given whatever their deal was with the original buyer. It isn't clear to me as even though I spoke with them on the phone, they provided no actual details about when the watch was returned, how long it was in possession of the original buyer, etc. What didn't make sense to me is if they sold the watch originally, why didn't they at least provide some of the box materials? Surely it was returned with that stuff. They told me on the phone they couldn't provide the "whole kit" with the extra straps, etc, because Omega charges some $750 for that alone. They suggested that I was getting a good deal and as an AD if they sold it with that stuff it would have to cost more. In retrospect I shouldn't have gone for this, as nothing was entirely clear to me.

The AD is Precision Watches and Jewelry in Willow Grove, PA. I came across the watch through their ebay listing: http://www.ebay.com/itm/272315562853?_trksid=p2060353.m2763.l2649&ssPageName=STRK:MEBIDX:IT

Here is their website: http://www.precisionwatches.com

I don't mean to denigrate this business, as perhaps there was nothing foul about the whole deal. I am new to this stuff and don't really know how to spot red flags.

mdgrwl
If this is truly an AD, and their story is really true, they are taking a loss on the watch or they hit the returner with a huge restocking fee.

Again, if this story is true and there is no more Omega Factory warranty left - this is a very old watch, 4-5 years old. Why have they not sold this returned "new" watch in 4-5 years? Makes me wonder & worry.

Warranty - at this price, this is below dealer cost so they are gambling nothing will happen to the watch. If you do need warranty support, they are going to have to pay cash out of pocket to fix it. You'll see true colors come out under these conditions - expect them to pin the issue as 'your fault' and deny a claim.

Who is the AD? If everything is on the up and up, reveal who they are... the fact your hiding it makes me wonder even more.

novina · Sep 16, 2016

Appears that this shop is, in their words, owned by 3 generations of watch makers. All repairs from quartz repair to full overhauls performed in our shop.(paraphrased) So offering a 2 year warranty would just be the shop fixing and issue and paying for any parts and their own time for the repair. No sending out to Omega. May not be a bad deal, but a claim would speak volumes of how they back their sales. Would be interesting if they were in fact Omega certified. Would explain a lot. Seems like they are a do it all shop for restoration and repairs. One could do worse than this, that's for sure. Not indorsing anyone here as no experience with them. Just saying their website is interesting.

mule play · Sep 19, 2016

I bought that watch in the eBay listing for $2750 bottom line and it is in absolute mint condition. I went over it with my 40X loupe. It came in an Omega out box and red inner box with the paper you describe above. 2 year Precision Watch warranty card. No Omega papers or cards. The dealer is an AD for Omega as well. I confirmed this from two sources.

I'll pay $275 to return it if I do. I'm not sure yet. Still debating if it looks correct on my wrist.

ChuckMK23 · Sep 19, 2016

That's a good value IMHO - if you are looking for affirmation!

mule play · Sep 19, 2016

Thanks! I was very much hoping to get a good value on this purchase....but still on the fence about keeping it. It's really a light watch compared to my Panerai's and AP ROO Diver. The closest approximation in weight would be my IWC Mark XVII Le Petit Prince on a nato strap.

padders · Sep 20, 2016

D DesperateTimes
I would like to respond here because I think this issue is important to the forum given the responses in this thread. I am the OP, but am posting under this name because my previous account is still suspended due to a disagreement with some of the staff regarding a separate thread.

For precisely the reasons you mention, I promptly returned the watch upon receiving it. I did not even wind it. I was under the impression they would at least send me the pictogram card. It came in a generic box with no details and a strange warranty card written out by the jeweler with nothing to do with Omega.

So you have received a ban which you choose to ignore and openly post under another name? I wonder how that'll go down? So you returned this watch even though it arrived exactly as described ie loose watch minus papers with grey warranty and you called it 'a keeper for daddy' only a few days ago. Strange guy indeed.

Traveler · Sep 20, 2016

It wasn't a ban - it was "suspended due to a disagreement with some of the staff regarding a separate thread".... desperate times indeed ::facepalm1::

New Speedy Incoming - Did I get a good deal?

mule play

mattonthewater

mdgrwl

mdgrwl

DesperateTimes

novina

mule play

ChuckMK23

mule play

padders

Traveler

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