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Omega Speedmaster LE prices - up or down?

sgrossma
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The watch market is as strong as ever. There are no issues with buyer confidence.
As a whole, the big watch buyers are as well off as ever and buying.
With the exception of March - April and some of May when we didn’t know if the world would end, I’ve seen virtually no change.
With the rumored discontinuation of 1861s, I only see value in all pre 2020 Speedmasters - limited or not.
 
AlphaToOmega
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sgrossma sgrossma
The watch market is as strong as ever. There are no issues with buyer confidence.
As a whole, the big watch buyers are as well off as ever and buying.
With the exception of March - April and some of May when we didn’t know if the world would end, I’ve seen virtually no change.
With the rumored discontinuation of 1861s, I only see value in all pre 2020 Speedmasters - limited or not.
A bullish assessment and to some extent I tend to agree. There is plenty of money flooded into markets but taxes and inflation are both guaranteed to rise and that is what gives me cause for concern.
 
sgrossma
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AlphaToOmega AlphaToOmega
A bullish assessment and to some extent I tend to agree. There is plenty of money flooded into markets but taxes and inflation are both guaranteed to rise and that is what gives me cause for concern.

Wouldn’t inflation be good for watch values?

As far as taxes, I can probably think of a few reasons why people might pour more money into watches and art.
 
STANDY
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AlphaToOmega AlphaToOmega
Thanks for your thoughts. Not necessarily in it for gains, just have a serious dislike for depreciating assets.

Never buy a boat then.....
 
AlphaToOmega
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sgrossma sgrossma
Wouldn’t inflation be good for watch values?

As far as taxes, I can probably think of a few reasons why people might pour more money into watches and art.
Not sure on inflation. New prices will increase - will that drive more activity into the second hand market? Will 2nd hand watch prices keep up with inflation?
In terms of taxes, I think you might be right.
 
AlphaToOmega
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STANDY STANDY
Never buy a boat then.....
Correct. How does the definition go? A hole in the water surrounded by wood one pours money into.
 
cicindela
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Dan S Dan S
Yet another thread where I miss the squirrel. 🙄
Last I heard he sold off a lot of his excess nuts and is enjoying the good life- one never knows when you’re going to get smacked by a truck. 😉
 
Dan S
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cicindela cicindela
Last I heard he sold off a lot of his excess nuts and is enjoying the good life- one never knows when you’re going to get smacked by a truck. 😉

It's good to get an update. 😀
 
Scooterino36
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AlphaToOmega AlphaToOmega
Thanks for your thoughts. Not necessarily in it for gains, just have a serious dislike for depreciating assets.

Are you looking to buy a LE Speedmaster in the next 12 months?
 
Dan S
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Scooterino36 Scooterino36
Are you looking to buy a LE Speedmaster in the next 12 months?

Flip, more likely. These are "assets" after all.
 
AlphaToOmega
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Dan S Dan S
Flip, more likely. These are "assets" after all.
Yup, they are assets. Like my 33 year old nut and bolt restored Land Rover 110 3.5l V8. Owning assets and enjoying them aren't necessarily mutually exclusive.
 
BlackTalon
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I think you will do okay accumulating LEs if you have a 10-20 year 'investment' timeframe...

CK2998s (blue and pulsations), 60th anniversaries, etc. are all years out from selling in the secondary market at/ above original retail prices.
 
Evitzee
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AlphaToOmega AlphaToOmega
I just sense the world is at a pivotal pont in history and am intrigued as to how the watch market will play out.
The world is not at a pivotal point at all, we have a very mild virus that almost all under 50 survive. A vaccine is coming to put the nail into the Coronadoom virus coffin. Our reaction to the virus continues to do a lot of damage but we'll work our way out of it, and hopefully learn some lessons. Or not. The vaccine will have zero effect on watch prices.
 
AlphaToOmega
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Evitzee Evitzee
The world is not at a pivotal point at all, we have a very mild virus that almost all under 50 survive. A vaccine is coming to put the nail into the Coronadoom virus coffin. Our reaction to the virus continues to do a lot of damage but we'll work our way out of it, and hopefully learn some lessons. Or not. The vaccine will have zero effect on watch prices.
I agree the response to the virus has done more damage than the virus itself. Whether we are at a pivotal moment will be one for historians. Global debt is presently at 320% of GDP which is unsustainable. Had we not found a vaccine then that debt would have continued to increase which would have ultimately ended very badly. So the fact a vaccine has been found will impact everything including demand and supply of watches.
 
padders
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Everyone someone escapes from Rolex Forums and starts discussing collecting watches purely for financial gain an angel weeps.
 
AlphaToOmega
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padders padders
Everyone someone escapes from Rolex Forums and starts discussing collecting watches purely for financial gain an angel weeps.
Owned Omegas since 1988. Never owned a Rolex and never plan to. You?
 
Evitzee
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BlackTalon BlackTalon
I think you will do okay accumulating LEs if you have a 10-20 year 'investment' timeframe...

CK2998s (blue and pulsations), 60th anniversaries, etc. are all years out from selling in the secondary market at/ above original retail prices.
The CK2998 Blue Panda is reliably selling in the $7k range now (retail $6.5k). Not a stellar investment but it is steady. If the rumor that the FOIS is to be discontinued is true this will put a floor under all CK2998 case models.

The biggest effect would be if the 1861 is completely discontinued.
 
padders
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AlphaToOmega AlphaToOmega
Owned Omegas since 1988. Never owned a Rolex and never plan to. You?

Ive had a couple actually but I don't gob on about how to put profit before enjoyment since it sucks all the joy out of the hobby and makes it look like you are only here to make a fast buck.

Post a pic or two of the Omegas you have and make the thread rather more interesting for the less Gorden Gecko oriented of us.
Edited:
 
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