Recent Speedmaster Professional: investment or not?

ThinoCostu

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!

STANDY

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.

STANDY

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.

thekwaze

I quite often encounter the "CASIO & PROUD" brigade and my comments are pretty much always the same - you will lose less on a decent watch than on a Casio...and a Speedy is certainly a decent watch.

Foo2rama

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.