Silver Snoopy order process may drive me away from Omega

texasmade

Sounds kind of reasonable until this part "Omega according to Swiss laws is not able to invest the deposits or even get interest on the money"

So what is Omega supposed to do with the money from the deposits? If they put it in a bank they're going to earn interest. Are they going to put it all in $100 bills and lock the money in a vault?

T Texex

Not sure if I am in the right thread but... I stopped by my OB today to have a link taken out of my wifes Seamaster and I asked about the Apollo 13 50th where I am 22nd on the list. The manager had some interesting things to say and I'll like to hear if you guys are hearing the same. First he said that my place in line is not a "Firm 22nd". If someone who is on the list below me has a better spend history they will skip me in line. He also said that anyone who has a deposit in will get one guaranteed and that almost everyone who does not have a deposit will not get one. Omega has told OBs that they will only make 5000 in the next 2 years and only 1200 will come to the US and ALL of those are already spoken for with a deposit. After that the will trickle out for big spenders only. He said the issue with the 45th limited edition was that some big spenders did not get one and they make a huge stink about it. Guys that spend 100K a year just on Omega (no idea how one could do this). So Omega decided that they will make this one a Limited Production so they can make very few to make it exclusive like the 45th but then make a few more on the back end to satisfy the big hitters. So basically limited like the last one but with the option to make a few more later on to keep the big spenders happy. He also said that all 1200 should be in the US by end of year so anyone with a deposit should have their watch by December 2021. He also said other than 1 or 2 huge ADs in NYC and LA, only OBs will ever get the watch, none for normal ADs. He also said that no sales associate has been paid commission and that Omega according to Swiss laws is not able to invest the deposits or even get interest on the money. Omega was not able to access the money until a sale is made. Finally I brought up that Omega might have chosen to not make this one limited edition so they can sell a ton. He said that I need to think bigger picture and that their goal is not to sell a ton of one watch but to be the hot talked about watch which would be fantastic marketing. A high tide raises all (Omega watches) buoys. He added that Omega could loose money on this watch (they won't) and it would still be a huge win for them with the publicity. He then politely offered to promptly give me my money back (I didn't ask for it) if I was unhappy with the process which I declined. Any of this sound familiar? Who know how much of it is accurate and how much is OB BS. Thoughts?

texasmade

Same boutique I use. I'm not a big spender so looks like I may be waiting until the end of the year.

Also, I'm still trying to figure out how the hell someone spends $100k a year at Omega. It's not like they have a bunch of platinum watches to sell.

T Texex

This is very common in the business world. Business's don't have access to money that is in their "care and poisson" but not earned yet. Even my small business has a holding account that funds are deposited in that do not belong to me. We call it a fund account but it's just money that I collect that does not yet belong to me.

texasmade

Same boutique I use. I'm not a big spender so looks like I may be waiting until the end of the year.

Also, I'm still trying to figure out how the hell someone spends $100k a year at Omega. It's not like they have a bunch of platinum watches to sell.

T Texex

This is very common in the business world. Business's don't have access to money that is in their "care and poisson" but not earned yet. Even my small business has a holding account that funds are deposited in that do not belong to me. We call it a fund account but it's just money that I collect that does not yet belong to me.

T Texex

I asked that exact question and was told there is a platinum 321 with moon rock in the sub dials that is 66K. Never heard of it but OK.

texasmade

Yes but it's restricted cash that's still earning interest. Unless Omega is going to return the interest to the depositor or keep it in actual cash, it's going to accrue interest.

T Texex

I know, I'm sure Omega will at least get the interest but when push came to shove I did not take my money back. I want the watch that bad. So instead of 9K it's going to cost me 11 to 12K in lost opportunity cost over the next 12ish months. Oh well, you've got to pay to play.

cvalue13

See @chadeaux ’s take above

I do not “understand” what you think must be understood.

The hottest “it” club in town can fit more people inside; they don’t, though. Why? Because it makes the people inside feel more cool, and it makes the people outside want to be cool even more. This isn’t unethical.

But what’a sad is the guy standing outside saying, “this isn’t faiirrrrr”

K Karusel

It does exist as I saw in person but passed. More expensive than my car -_-
https://www.omegawatches.com/en-us/...e-321-chronograph-42-mm-31193423099001?tmod=1

cvalue13

See @chadeaux ’s take above

I do not “understand” what you think must be understood.

The hottest “it” club in town can fit more people inside; they don’t, though. Why? Because it makes the people inside feel more cool, and it makes the people outside want to be cool even more. This isn’t unethical.

But what’a sad is the guy standing outside saying, “this isn’t faiirrrrr”

TechFounder

Like I said, some people lack ethics and don't "understand" what that is and how it's practiced.

K Karusel

Good heavens this is new to me.
As far as I'm aware, my OB told me the wait could be anywhere from 4-6 years depending on production. Yes, the deposit list does change in order by spend but anybody that’s on the list is confirmed a piece, just might have to wait. That number count threw me for a loop.

S SSGMT

4-6 years, wow, that’s a long time... I hope we get our watches sooner than that!

texasmade

Easy solution. Get a more expensive car.

K Karusel

Good one. Maybe next year after getting a few more watches.

texasmade

I like your thinking