Recent Speedmaster Professional: investment or not?

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ThinoCostu

·Jul 1, 2016

Hi guys,

Long time lurker, first time poster.

I keep seeing info on vintage watches in buyer's guides. What if you buy a used, but recent Speedy Pro? Say a 4-7 year old one that has had service, from a reputable dealer.

Does such a watch hold its value? I am looking for something I can wear every day, but don't want to trash a vintage piece. Obviously we're not buying new at retail, hence the question.

Advice appreciated!

 

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rollingrevolver

·Jul 1, 2016

As Niels Bohr would say, "prediction is difficult, especially about the future." I think that if you buy a 4-7 year old Speedy Pro at the current prices in the market, you're unlikely to lose much on it in nominal terms...but whether or not it will appreciate in value in nominal or real terms (which takes inflation into account), your guess is probably as good as mine.

 

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dsio

·Jul 1, 2016·Ash @ ΩF

Its not really an investment its just a watch but if you decided to get out of it you'd be unlikely to lose much if any, if you held it a while you might get back a little but probably no more than the cost of a service that would be due.

What it will do though is make you cooler and more attractive to women.

 

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Privateday7

·Jul 1, 2016

They are for certain type of LE speedy pro

 

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STANDY

·Jul 1, 2016·schizophrenic pizza orderer and watch collector

The dealer price with recently serviced would make it close to new price..
Dealer service is not always a full service.

Buy new, box and papers and 5 years of no hassle of servicing.

Or buy 10-15 years old

 

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ConElPueblo

·Jul 1, 2016

dsio

What it will do though is make you cooler and more attractive to women.

More women in your life = less money in your life. It all equals out in the end.

 

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ThinoCostu

·Jul 1, 2016

STANDY

The dealer price with recently serviced would make it close to new price..
Dealer service is not always a full service.

Buy new, box and papers and 5 years of no hassle of servicing.

Or buy 10-15 years old

Checked Chrono24 and 2000-2005 go for $2900-3400

vs

$3600 new on Amazon:
https://www.amazon.com/gp/offer-listing/B000EJPDOK/ref=dp_olp_new_mbc?ie=UTF8&condition=new

 

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davy26

·Jul 1, 2016

Agree with others that you should not buy whilst kidding yourself it's an 'investment'. Fluctuation in value of a current model could be as much to do with exchange rate variance as anything. Also, any amounts that might be involved 'on paper' could be completely eclipsed by the cost of any necessary servicing. All I'm saying is that wearing such a watch - from which we get lots of pleasure - as with owning/driving a car, doesn't come free of charge!

 

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MSNWatch

·Jul 1, 2016·Vintage Omega Aficionado

Like in many other fields, the majority of desirable, investment worthy examples never started that way when they were new.

 

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Foo2rama

·Jul 1, 2016·Nowhere near as grumpy as he used to be...

Id look at it more like a non depreciating asset. Sub 20 year old speedies seem pretty static and uniform in price.

A few years ago before Omega overhauled its Authorized Dealer network you could get large discounts on new watches that placed them into the upper end of the used market. I purchased my Planet Ocean Chrono at a huge discount right before this change and I can still sell it for about what I paid.

Currently AD's don't offer as large of a discount as they once did as Omega has moved closer to the Rolex model which prevents large discounts but tends to raise the price of newer used models. But does tend to increase the value loss as soon as you walk out of the door.

That being said you can still find grey market deals like the one posted above, they are just not quite as common.

 

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Perseus

·Jul 2, 2016

Buying used is a great way to save some money, but I don't view watches as an investment in anything other than fun and personal enjoyment.

 

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davy26

·Jul 2, 2016

Perseus

Buying used is a great way to save some money, but I don't view watches as an investment in anything other than fun and personal enjoyment.

Perfectly put!

 

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al128

·Jul 2, 2016

You will find that if you buy one at a good price used, you can use this watch for 20-30 years and then sell it off without losing money.

So having a nice watch for free for an important part of your life is a fact not to be sneezed at...

 

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davy26

·Jul 2, 2016

al128

You will find that if you buy one at a good price used, you can use this watch for 20-30 years and then sell it off without losing money.

So having a nice watch for free for an important part of your life is a fact not to be sneezed at...

Preservation of residual value could happen, but in that period of time I'd think you'll need to have it serviced 3 times. So I'm afraid it doesn't come free, but it is well worth it if you like a Speedy as much as I do.

 

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WatchVaultNYC

·Jul 3, 2016

Not an investment, but Speedys are quick to sell for cash when in a pinch. And you get to enjoy it.

 

U

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ulackfocus

·Jul 3, 2016

Hey, is this another Speedmaster thread? Imaging that!

I've found that a watch's value is lowest around 15 years old, give or take a few years.

 

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SpeedyPhill

·Aug 1, 2018

Such "investment" topics always remind me of Tulip mania in the Dutch golden age, now exactly 400 years ago 😁

 

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USDKH123

·Aug 1, 2018

“What it will do though is make you coolerand more attractive to women.”

That’s exactly the investment I’ve been looking for! Hair plugs didn’t really do the trick, so I went for the Bald with Speedy look. Plus I added a baby. Chicks dig babies. I know my wife does.

 

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many

·Aug 2, 2018

Very few watches are investments. Speedy Pros bought new from an AD are going to drop ~40% as soon as you walk out the door. Buying new from a reputable grey market dealer depending on cost you are going to lose 10-15% as soon as you receive it.

Buying recently used watches from a dealer you are going to pay a premium vs buying in a private sale and your cost is going to be pretty close to what a grey market watch would be and as a private seller it’s doubtful you could get that much on the open market.

If you want to “lose” the least amount on receipt of the watch you have to find a private sale individual that you can not misrepresent the watch and you have to verify the watch is well sorted. Which is exactly why people pay a premium for recent models that are used from a dealer.

 

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STANDY

·Aug 3, 2018·schizophrenic pizza orderer and watch collector

Bought a Speedy pro new in Aus 2013 for $4300 aud from AD (day before tax end of year 😉 best day of the year to buy a watch..... )

Sydney dealer selling same model used for $5000-5300 aud now days.

Edited: Aug 3, 2018