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OMEGA Speedmaster Speedy Tuesday Limited Edition (Arrivals)
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Riviera Paradise
路Before SpeedyTuesday surged into the scene, I was probably going to buy a FOIS this year. No problem in getting them at my local OB BTW. I think they are beautiful and elegant but SpeedyTuesday leapfrogged in front. I can still see myself purchasing a FOIS down the road.
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Clancy Eccles
路Before SpeedyTuesday surged into the scene, I was probably going to buy a FOIS this year. No problem in getting them at my local OB BTW. I think they are beautiful and elegant but SpeedyTuesday leapfrogged in front. I can still see myself purchasing a FOIS down the road.
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petay993
路The CK2998's situation is dismal.
They made too many. Started off "too hard to get" and then ended up discounted on the secondary market.
Every single AD or OB I've ever interacted with has tried to sell me their CK2998 that they have in stock. If I wanted, I could have 10 of them right now at or meaningfully below MSRP. 馃檨
Very sad. It's a lovely watch.
It is indeed disappointing if that is the case in the US.
Here in the UK and Europe I believe, they were and still are quite a rare sight as physical stock in an OB display cabinet/window.
There are currently 50 for sale on Chrono 24 which seems a lot but to put that in to perspective there are 123 Daytona Ceramics and they are still churning those out at a fair lick and will be doing for many years to come!
The current average listed price on Chrono 24 for the CK2998 is 拢5,270 against a UK launch list of 拢4,100 and I achieved 5% discount luckily so value retention over here is not too shabby at all plus it is an absolute stunner on the wrist. I fully intend to keep mine though as a perfect dressy companion piece to the more rugged "Tuesday" I have reserved.
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davy26
路The CK2998's situation is dismal.
They made too many. Started off "too hard to get" and then ended up discounted on the secondary market.
Every single AD or OB I've ever interacted with has tried to sell me their CK2998 that they have in stock. If I wanted, I could have 10 of them right now at or meaningfully below MSRP. 馃檨
Very sad. It's a lovely watch.
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dsio
路路Ash @ 惟FIts a pretty watch the CK2998 no doubting that but what happened with the Snoopy immediately before it was that production was slow due to the need to create that special caseback to a sufficient level of quality, so prices became extreme due to them seeming unavailable or sold out when they had in reality only produced say a quarter of the total. The Rolex 116400GV Milguass had a similar situation in that the green crystal delayed production adding to its perceived exclusivity and rarity for a period as they slowly made it to market rather than all at once.
Following that, the CK2998 came about in 50% greater numbers than the Snoopy and the interest among speculators and those looking to make a quick buck was intense yet it had none of the production delays of the Snoopy and was made in sufficient numbers so it became the speculators themselves keeping them out of collectors hands to some extent initially as they experimented with pricing on the secondary market. Slowly it became apparent that people weren't willing to pay 2.5X MSRP when they could buy it at retail from an Omega Boutique and the dealers and speculators began unloading them in a race to the bottom online. This is why there's such an oversupply of them in NOS condition online compared to the Snoopy which despite its high value isn't anywhere near as abundant.
Its a great watch and well worth owning, it just isn't something that had the market characteristics that allowed people to make a fortune off cornering the market and scalping it and I'm really pleased with that aspect and happy to see some of these guys that bought them up get their fingers burned, they belong on people's wrists not stashed away in some amateur dealer's basement.
Following that, the CK2998 came about in 50% greater numbers than the Snoopy and the interest among speculators and those looking to make a quick buck was intense yet it had none of the production delays of the Snoopy and was made in sufficient numbers so it became the speculators themselves keeping them out of collectors hands to some extent initially as they experimented with pricing on the secondary market. Slowly it became apparent that people weren't willing to pay 2.5X MSRP when they could buy it at retail from an Omega Boutique and the dealers and speculators began unloading them in a race to the bottom online. This is why there's such an oversupply of them in NOS condition online compared to the Snoopy which despite its high value isn't anywhere near as abundant.
Its a great watch and well worth owning, it just isn't something that had the market characteristics that allowed people to make a fortune off cornering the market and scalping it and I'm really pleased with that aspect and happy to see some of these guys that bought them up get their fingers burned, they belong on people's wrists not stashed away in some amateur dealer's basement.
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petay993
路Interesting read thanks for that.
The CK2998 certainly polarises opinion but to say it is ugly has to be considered highly subjective given some of the designs out there.
I wonder if the Speedy Tuesday will provoke similar black and white reactions given that it has been designed as an amalgam of supposedly desirable Speedy attributes. The only way Grey's will be able to stock up on these will be via flippers I guess and if demand exceeds supply excessively stimulating a significant premium over RRP, the temptation may be too much for some as was the case with the Silver Snoopy.
The CK2998 certainly polarises opinion but to say it is ugly has to be considered highly subjective given some of the designs out there.
I wonder if the Speedy Tuesday will provoke similar black and white reactions given that it has been designed as an amalgam of supposedly desirable Speedy attributes. The only way Grey's will be able to stock up on these will be via flippers I guess and if demand exceeds supply excessively stimulating a significant premium over RRP, the temptation may be too much for some as was the case with the Silver Snoopy.
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jpizzzle
路Based on the situation with the reservations and interest expressed, I would think that this model would hold resale value (not why I'm purchasing).
However, if omega releases something special in stainless at Basel or people back out of the reservations when it's time to pay, it could be possible to pickup at retail without a waitlist. It's hard to judge how well this will do since it cost nothing to reserve.
However, if omega releases something special in stainless at Basel or people back out of the reservations when it's time to pay, it could be possible to pickup at retail without a waitlist. It's hard to judge how well this will do since it cost nothing to reserve.
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jepoole
路Based on the situation with the reservations and interest expressed, I would think that this model would hold resale value (not why I'm purchasing).
However, if omega releases something special in stainless at Basel or people back out of the reservations when it's time to pay, it could be possible to pickup at retail without a waitlist. It's hard to judge how well this will do since it cost nothing to reserve.
I tend to agree with you that the LE Speedy Tuesday will hold its value. I have already been told that there are collectors that would gladly take it off my hands.
It was a mistake for Omega to allow reservation with no money down. I'm not saying the deposits should not have been refundable if it was cancelled, but even a small amount of money down (~$1,000) would help find the serious buyers.
Side note... I feel bad for the Omega Boutiques. They were--and are clueless--about this piece, and it is not their fault. I had to tell a salesperson at my OB yesterday about the waiting list on the Omega website. They asked me to send them information when I get it. If Omega is wanting OB to be the face of their brand this is not helping!
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Davidt
路I tend to agree with you that the LE Speedy Tuesday will hold its value. I have already been told that there are collectors that would gladly take it off my hands.
It was a mistake for Omega to allow reservation with no money down. I'm not saying the deposits should not have been refundable if it was cancelled, but even a small amount of money down (~$1,000) would help find the serious buyers.
Side note... I feel bad for the Omega Boutiques. They were--and are clueless--about this piece, and it is not their fault. I had to tell a salesperson at my OB yesterday about the waiting list on the Omega website. They asked me to send them information when I get it. If Omega is wanting OB to be the face of their brand this is not helping!
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Come on. If an OB employee isn't checking the Omega website for themselves every couple of days (especially once this had started to filter through) an you need to show them, I'd say they aren't very good at their job.
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jepoole
路Come on. If an OB employee isn't checking the Omega website for themselves every couple of days (especially once this had started to filter through) an you need to show them, I'd say they aren't very good at their job.
You have to give them some slack for not knowing about the launch. That being said, I agree that they should know about the waitlist on the site, or at least been told by HQ.
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lillatroll
路It is difficult for anyone to know beforehand how popular a watch might be, Omega decided to market the watch in the way they did and it turns out it is a bigger hit than they expected. I would imagine that they did not expect the snoopy to be so popular, and perhaps the CK2998 to be more popular than it seems to be. It might be that something released at Basel will blow the Speedy Tuesday out of the water and everyone drops it like a lead ballon. Who Knows? I think the rule of thumb still applies...buy a watch because you love it and don t worry about what it might or might not be worth. And as Al says..there will be another LE along in a minute.
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afenton
路Is it just me or is anyone else not a huge fan? Also, for the people that reserved the watch...congrats, but does that just give you the right to proceed to purchase the watch or is Omega going to do something else to close the sale?
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jepoole
路I've learned that not every watch is for everyone, and that's ok!
If you have a reservation that gives you the right to purchase. I assume there will be a limit of time the OB will hold it before they start going down the waiting list.
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blubarb
路路IG: #blubarb19Based on the situation with the reservations and interest expressed, I would think that this model would hold resale value (not why I'm purchasing).
However, if omega releases something special in stainless at Basel or people back out of the reservations when it's time to pay, it could be possible to pickup at retail without a waitlist. It's hard to judge how well this will do since it cost nothing to reserve.
It's not impossible that "early rising" speculators or dealers have reserved half or dozen or so, any VPN will allow for IP switching if they were limiting reservations based on that. It's not unreasonable to expect that scalpers will already have a hold of more than a reasonable number of these reservations. I also bet there is more than one collector who reserved, flipped their IP and put in a reservation for another, "just in case" 馃槖
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fskywalker
路It's not impossible that "early rising" speculators or dealers have reserved half or dozen or so, any VPN will allow for IP switching if they were limiting reservations based on that. It's not unreasonable to expect that scalpers will already have a hold of more than a reasonable number of these reservations. I also bet there is more than one collector who reserved, flipped their IP and put in a reservation for another, "just in case" 馃槖
No IP restrictions as multiple reservations where made from my laptop (mine plus some additional ones, which I did for some friends [emoji4])
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Edited:
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petay993
路Oh dear, so actually it is possible that some individuals could be sitting on multiple reservations, if they got in early enough and were a professional dealer who just happened to be media savvy (not unusual) then theoretically that individual could reserve 50 plus pieces from the same ip address.
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ar.parask13
路Oh dear, so actually it is possible that some individuals could be sitting on multiple reservations, if they got in early enough and were a professional dealer who just happened to be media savvy (not unusual) then theoretically that individual could reserve 50 plus pieces from the same ip address.
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cicindela
路路Steve @ 惟FOh dear, so actually it is possible that some individuals could be sitting on multiple reservations, if they got in early enough and were a professional dealer who just happened to be media savvy (not unusual) then theoretically that individual could reserve 50 plus pieces from the same ip address.
Of course there are are always some that skirt the rules. Different emails, oh that must be another John Brown 馃檮
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