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October 5th 2020 - Snoopy Celebration

WatchNurse
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asrnj77 asrnj77
Perhaps it was Omega themselves hoping to stir up a frenzy before the new release. The watch world now is filled with people trying to mimic the stock market. Everybody wants to buy something that will leap in value. Rolex could announce a new model with no pictures or descriptions and people would lose their minds trying to buy it sight unseen. Omega doesn’t have much of that, but the Snoopy watches have been successful for people and the idea that stores want a 5k deposit for a watch that nobody has seen, is evidence of this. I guess the real litmus test is if you buy this new watch and it’s worth 10% less after one year, would you still like it?

You brought up a great point. I'll use the example of the first higher tier watch I purchased, a tag heuer aquaracer 32mm. I purchased the watch new at $1120. I'm pretty sure that watch preowned is probably around $500-$800 range depending on condition. I would never sell it due to the emotional attachment I have towards it- I purchased it to mark my first nursing job/post-nursing school accomplishment and a watch I always admired. The same goes for the Snoopy watch. It has an attachment to my childhood growing up watching Charlie Brown/Snoopy/Peanuts. Whether the watch loses or gains 50% value, I would be perfectly okay with that.
 
texasmade
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I bought my first nice watch at the Houston OB. It was the SM300m Pro 2220.80 and probably lost like 35% of its value the moment I walked out the door. I still have it and don’t plan on ever selling it.
 
YY77
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WatchNurse WatchNurse
You brought up a great point. I'll use the example of the first higher tier watch I purchased, a tag heuer aquaracer 32mm. I purchased the watch new at $1120. I'm pretty sure that watch preowned is probably around $500-$800 range depending on condition. I would never sell it due to the emotional attachment I have towards it- I purchased it to mark my first nursing job/post-nursing school accomplishment and a watch I always admired. The same goes for the Snoopy watch. It has an attachment to my childhood growing up watching Charlie Brown/Snoopy/Peanuts. Whether the watch loses or gains 50% value, I would be perfectly okay with that.
Recently went ahead with a service costing €415 on my TH Kirium chronometer which I purchased for the amount of €1K (about 35% below RRP) 20 years ago, my wallet didn't even twitch spending that on service for this watch which I will keep forever, although it's now only being used on holidays.
 
phooi
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asrnj77 asrnj77
Perhaps it was Omega themselves hoping to stir up a frenzy before the new release. The watch world now is filled with people trying to mimic the stock market. Everybody wants to buy something that will leap in value. Rolex could announce a new model with no pictures or descriptions and people would lose their minds trying to buy it sight unseen. Omega doesn’t have much of that, but the Snoopy watches have been successful for people and the idea that stores want a 5k deposit for a watch that nobody has seen, is evidence of this. I guess the real litmus test is if you buy this new watch and it’s worth 10% less after one year, would you still like it?

I’ve never sold any of my watches. While I’ve been fortunate to acquire a few desirable pieces, I don’t buy with investment in mind. My 45th snoopy was purchased for my wife for Mother’s Day. She’s a huge snoopy fan and didn’t like wearing watches any more. It was serendipitous when I saw that watch and showed her. Her reaction was enough to go and get it. She loves wearing that watch. I had no idea at the time of its FUTURE value since the 1st snoopy was only selling for a slight premium in 2015.

Today, we’re at a different place with the snoopy. There is a lot of hype around the new watch. I put a deposit down knowing nothing other than it’s coming. But by having a deposit, it ensures that we will get the chance to decide if we like the watch. We will be free from the stress of chasing it with all those other people hoping to flip it. If we don’t like it, we’ll pass because owning it is not the same as keeping it for an investment.

On a side note for anyone planning to buy it from an OB. If you plan being able to acquire desirable Omega pieces from an OB, do not buy to flip this watch. I was told by my OB that they banned people who flipped the 45th snoopy. Those individuals will not be allowed to by this or any limited/desirable pieces.
 
SurvivingJoe
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phooi phooi
I’ve never sold any of my watches. While I’ve been fortunate to acquire a few desirable pieces, I don’t buy with investment in mind. My 45th snoopy was purchased for my wife for Mother’s Day. She’s a huge snoopy fan and didn’t like wearing watches any more. It was serendipitous when I saw that watch and showed her. Her reaction was enough to go and get it. She loves wearing that watch. I had no idea at the time of its FUTURE value since the 1st snoopy was only selling for a slight premium in 2015.

Today, we’re at a different place with the snoopy. There is a lot of hype around the new watch. I put a deposit down knowing nothing other than it’s coming. But by having a deposit, it ensures that we will get the chance to decide if we like the watch. We will be free from the stress of chasing it with all those other people hoping to flip it. If we don’t like it, we’ll pass because owning it is not the same as keeping it for an investment.

On a side note for anyone planning to buy it from an OB. If you plan being able to acquire desirable Omega pieces from an OB, do not buy to flip this watch. I was told by my OB that they banned people who flipped the 45th snoopy. Those individuals will not be allowed to by this or any limited/desirable pieces.
How do the OB judge if those people filpped the LE they ordered?
 
EricCsN
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SurvivingJoe SurvivingJoe
How do the OB judge if those people filpped the LE they ordered?
Nearly impossible to tell .. One buys from OB, it gets sold to another person who keeps it or passes it on. There is no return loop to Omega (unless it fails in a very very short time from date of release and needs to go back to Omega which is improbable). So no great deterrent to speculators though of course you have to leave your name with OB in the first place.
 
phooi
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SurvivingJoe SurvivingJoe
How do the OB judge if those people filpped the LE they ordered?

With the 45th snoopy, there were only 1970 pieces. Every OB has the “serial #” of each piece sold. The story I heard was this person was able to get more than 1 and was found out. How? I wouldn’t know? Maybe the buyers called Omega to verify authenticity. Given the small # of pieces, Omega was probably sensitive to the flipping. It wouldn’t be hard not to track down the original sale.
 
SpeedyPhill
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Hoping for a subtle anniversary Speedmaster... LtGeneral Thomas P. Stafford might be involved ... celebrating his 90th birthday ☕
 
WatchNurse
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SpeedyPhill SpeedyPhill
Hoping for a subtle anniversary Speedmaster... LtGeneral Thomas P. Stafford might be involved ... celebrating his 90th birthday ☕

That would be awesome! His birthday is the day after mine 😉
 
WatchNurse
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phooi phooi
I’ve never sold any of my watches. While I’ve been fortunate to acquire a few desirable pieces, I don’t buy with investment in mind. My 45th snoopy was purchased for my wife for Mother’s Day. She’s a huge snoopy fan and didn’t like wearing watches any more. It was serendipitous when I saw that watch and showed her. Her reaction was enough to go and get it. She loves wearing that watch. I had no idea at the time of its FUTURE value since the 1st snoopy was only selling for a slight premium in 2015.

Today, we’re at a different place with the snoopy. There is a lot of hype around the new watch. I put a deposit down knowing nothing other than it’s coming. But by having a deposit, it ensures that we will get the chance to decide if we like the watch. We will be free from the stress of chasing it with all those other people hoping to flip it. If we don’t like it, we’ll pass because owning it is not the same as keeping it for an investment.

On a side note for anyone planning to buy it from an OB. If you plan being able to acquire desirable Omega pieces from an OB, do not buy to flip this watch. I was told by my OB that they banned people who flipped the 45th snoopy. Those individuals will not be allowed to by this or any limited/desirable pieces.

Lucky Wife! That's a great Mother's Day present and one I'm sure she'll always cherish.
 
STANDY
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SurvivingJoe SurvivingJoe
How do the OB judge if those people filpped the LE they ordered?

The couldn’t...

phooi phooi
With the 45th snoopy, there were only 1970 pieces. Every OB has the “serial #” of each piece sold. The story I heard was this person was able to get more than 1 and was found out. How? I wouldn’t know? Maybe the buyers called Omega to verify authenticity. Given the small # of pieces, Omega was probably sensitive to the flipping. It wouldn’t be hard not to track down the original sale.

This is how urban myths are started. “The story I heard was this person”
 
jsducote
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STANDY STANDY
This is how urban myths are started. “The story I heard was this person”
We'd need our own section on Snopes for all the mythbusting. Might crash their servers.
 
phooi
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WatchNurse WatchNurse
Lucky Wife! That's a great Mother's Day present and one I'm sure she'll always cherish.

Thanks! She does and we’re looking forward to see what the 50th will bring.
 
S
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I spoke to my Local AD today and they had not heard anything in particular. They have had several people putting their names on a waiting list. They did confirm the price rise at the end of the month (6.5%).
 
WatchNurse
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S stuart70
I spoke to my Local AD today and they had not heard anything in particular. They have had several people putting their names on a waiting list. They did confirm the price rise at the end of the month (6.5%).

Sorry, I think I missed it. What price rise are you referring to?
 
Martin_J_N
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I'm loving this conjecture on what this 50th Celebration will be, the fact that people are willing to part with large sums of money for a deposit on something that hasn't been announced yet is fascinating and thankfully not something we have to do here in the UK at this moment.

Assuming that Omega do announce a watch to celebrate the 50th anniversary of being presented with the Snoopy Award it is extremely unlikely that the watch will be in dealers in 2020, a few well chosen exceptions will get theirs of course, no one knows what the watch will look like, the numbers produced or what the cost will be.

My best guess is that the watch will be a numbered edition, it will be the run out of the 1861/63 movement, the run will end when all the movements are cleared from stock and it will be priced around £7500.

From 2021 all Speedmaster Moonwatch's will feature the new 3861 movement and at a vastly increased price, £7500.
 
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