October 5th 2020 - Snoopy Celebration

texasmade

Someone posted on rolexforums this today
"Just got in touch with a friend that was trying to place a deposit today, apparently the lists have been officially closed by Omega for all US.
I'm not sure how to interpret this, but it seems that the rate of production will be indeed limited. For now whoever is in... is in. That might be it for a while."
Anyone in the US still trying to put down a deposit may want to ring up the local OB sooner rather than later if this is true.

VjaceCZ

Nailed it 😁 On the other hand buying it BNIB for less than MSRP could be a good move to extend a Speedy collection. Hence it’s ugly I believe most of these watches were sold to ordinary customers (nonOmega freaks) and in 5-10 years not so many of them will be available in full set condition. But true is the watch will be still ugly AF 😀

Evitzee

In the future, no one knows when, these dogs will suddenly become very collectible. It has happened before. back in the late 1950's one of Patek Philippe's young designers, Gilbert Albert, came up with some very futuristic designs, and they bombed big time in the market. I remember talking to one large Swiss retailer 30 years ago and he said they couldn't give them away, everyone thought they were goofy and ugly. Well, try getting one of Albert's Patek Philippe watches today, extremely expensive and they seldom come on the market. Other examples also exist, something considered unacceptable will suddenly become 'interesting and collectible'. It will happen with this Speedmaster, too, we just don't know when.

phooi

the best example of all time is the Paul Newman Daytona. No one wanted that watch for so long but look where it is today. You will never know what the future may bring. Just buy what you like/love... you might get lucky!

g-boac

I've thought about this a lot. Noting how many posters in this thread, with deposits placed, said that they would opt out of purchasing if they felt the watch was "not exclusive" or "priced too high", I can't help but wonder if the high resale price (and high resale demand) of the 2015 Snoopy was a phenomenon that came after the initial pieces sold, and there was a perception of value/rising prices/fear of missing out, more than a true appreciation for the watch.

Maybe put another way: while one can argue that Omega left money on the table by not charging a higher MSRP, is it a valid argument to say that had the MSRP been higher, enough buyers might have said "at that price, I'll pass", which in turn would have left the watch available at OBs and ADs at MSRP, consequently capping resale to at or below MSRP?? With that lower price enduring perhaps even to this day: if the 2015 Snoopy hadn't sold out rapidly (had the initial OB/AD MSRP been higher), could it's value might have been much more of an Speedmaster 60th, ST1, or ST2: all gorgeous and appreciated watches in their own right, but trading near MSRP (plus or minus a bit), rather than multiples of MSRP as the 2015 Snoopy is.

In other words, was the 2015 Snoopy MSRP right after all?

Martin_J_N

Didn't this apply to Daytona's in general for many a year until all of a sudden they were the watch to have? If I have understood correctly AD's couldn't give the Daytona away at one point.

So, no matter what you wish for today there's no guarantee that it will still apply tomorrow.

H hb8745

It's a celebration watch, sure, but at the end of the day I am exchanging money for a watch, not a celebration. Yes the mission was cool and I can appreciate the accomplishment and what the award represents, but I am not a diehard space fan nor work in the industry. If Omega released the 45th without the Apollo 13 context, I would've loved it almost just as much, but that's just me.

I'm unfortunately not in a financial position where I can just buy a watch while being willfully ignorant towards price action. You are correct that brands sell watches because most people don't weigh value retention as heavily as I do, and watches do depreciate as a whole. However, if I can pick one up from an AD or grey 1-2 years down the line for a few $k less, then I will wait.

It's a similar thought process when buying cars. Only way I'm paying sticker if it's a limited (s/d constraints) model in release trim where there's some possibility of value retention. This doesn't mean that I don't expect most cars to depreciate - I just don't pay full sticker for those vehicles and will wait until there's significant OEM incentives in place. Why buy a brand new maserati quattroporte for $120k when you can buy the same brand new quattroporte in a year for $80k?

T Texex

The issue is, if Omega does not reveal how many will be made than you are taking the risk on not getting one at all if you wait to get one 2nd hand. You only knew you could get a quattroporte for 80K after the fact, not when it was first launched. What if Maserati (Omega) decided to stop production after 2 years. Now the car is not 120K but 175K. My guess is Omega won't say when they'll stop producing it. I say if you're willing to take the chance of not getting one at all pass on a new one and wait and see. I would rather pay a discounted price but not at the risk of not getting one.

T Texex

The issue is, if Omega does not reveal how many will be made than you are taking the risk on not getting one at all if you wait to get one 2nd hand. You only knew you could get a quattroporte for 80K after the fact, not when it was first launched. What if Maserati (Omega) decided to stop production after 2 years. Now the car is not 120K but 175K. My guess is Omega won't say when they'll stop producing it. I say if you're willing to take the chance of not getting one at all pass on a new one and wait and see. I would rather pay a discounted price but not at the risk of not getting one.

T Texex

The issue is, if Omega does not reveal how many will be made than you are taking the risk on not getting one at all if you wait to get one 2nd hand. You only knew you could get a quattroporte for 80K after the fact, not when it was first launched. What if Maserati (Omega) decided to stop production after 2 years. Now the car is not 120K but 175K. My guess is Omega won't say when they'll stop producing it. I say if you're willing to take the chance of not getting one at all pass on a new one and wait and see. I would rather pay a discounted price but not at the risk of not getting one.

phooi

It tells you the price elasticity of the brand. People find it hard justifying paying over $10k for a speedmaster even if it is worth it. Just look at the noise around the 321. For people who know movements, they feel that the 321 is a very good price. But people are use to paying less for a SS speedy and many times at a discount. That premium is a hard mental chasm to cross.

shutterlife

There is no issue, since the watch isn't released yet. So everything is all speculation. When the watch is released in 6 days and there is no info on quantity, then there is an issue. Do I see a problem with a refundable deposit sight unseen? No, not at all. Three weeks from release date isn't going to break the bank if most people were going to buy the watch anyways. Imagine if they allowed deposits back when the teasers came out in April? We don't know the outcome and value of every single item. Lets look back to the Speedmaster Tintin. Flew in under the radar. Discontinued after a couple of years. Sold for under MSRP and was even seen at Costco. Now look at it. Everything can be looked at in hindsight. I should have bought that watch, I should have bought those stocks.

This watch will be like the Ed White 321. Omega will make X amount in Y amount of years.

YY77

Word😗.

H hb8745

I know this is starting to go into semantics, but why is X amount In Y years not considered effectively just LE, and instead LP? Is it because LE definitively ties them down to a hard stop at X units, while LP give them the optionality to restart production sometime in the future if they really wanted to?