Recently I've been looking for an SMP. I'd like a pre-ceramic pre-owned at a good price. I'm in talks with a few sellers but if I can not find a good deal I'll hold off for a while. Anyway I have to say Speedys (6-8 months ago) were going for under 3K or 3k new on the grey market. Now most speedys hit nearly 3k and grey market speedys are 3500.

What happened. A $500 increase. I know if I buy a speedy it will hold it's value but damn are they going to keep going up.

 

But Mark II's mostly stayed the same price.

 

A 'mint' 3570.50 is easily gettable for under $3K currently and I think that still represents excellent value for money.

 

You can still get a 145.022 for under 3k

 

Used speedy pros often need a servicing. Once you take that into account, you're often close to new (GM) watch pricing.

It only makes sense to go used for watches no longer in production. For a plain 3570.50, it generally makes sense to go new.

Edit: also, cheap Japanese speedys dried up once the exchange rates tanked.

 

I just sold my 145/022-71 on original bracelet for 3300 euros. And just bought a 145.022 tritium circa 1990 for 2100 euros.

 

Agree with this. I was looking for a good, used Speedy Pro, less than 10 years old and with a recent service. The ones I found from reputable sources were nearly as expensive as new. Unserviced pieces wer not that much cheaper. So, I bought new, in Europe of all places, while on a trip in April. With the good exchange rate, no foreign transaction fees on my credit card, and the VAT returned, I paid $1000 less than full MSRP in the states.

I'm sure there are some "deals" out there, but I didn't find any that weren't on really beat up pieces with that would have required a lot of restoration. I don't like "patina" unless I did it.

 

what do you exactly look for?

 

On a side note, "just serviced" could mean a lot of things. Unless you get documentation on what the service entails and it is from a reputable watchmaker, then it doesn't mean anything. You're better off buying something under the assumption that it needs service and getting the work done by someone whose work you trust.

 

A fine service means complete disassembly, cleaning, reassembling and oiling fine.

 

just so a 1984 on steel bracelet for 2750 euros.

 

Agreed. Which is what I always assume when buying vintage. And I add 10-20% to the cost of a full service to account for worn parts that need to be replaced. I also plan on the watch being at my watchmaker for several months, because he is busy.

Thus, it ha to be a really good price or I have to really want it.

 

That was a good price! Did someone from this forum get it?

The issue is, as Omega raises the price for the standard speedy pro constantly by "interventing" new boxes, bracelets (which I found the most useful intervention so far), more gimmicks like changing tools and a huge box, the second-market will keep rising too. When a new Speedy Pro costed 3,5k, the mint ones on the seond-market were about 2,2-2,4k... Right now the new model bought from a OB cost nearly 5k (Swiss-Francs), so I saw quite a loot used speedys hitting the 3k mark.

 

Hi ck2898

Nop, i sold it to a guy I'm in business with. Hence the price + I bought a 1990 one for only 2100. He bougth me a 145.012 some weeks ago.
I think it's the right time to buy a 145.022 as price won't stop rocketting. A "simple" 145.022 will soon be 4000 bucks.
PS : on saturday I went and get the ck2898 with a friend at Omega, cool watch! (not mine, his...)

 

Can I ask you how much you paid for the 145.012 (PM)? I'm just wondering after giving up finding one for a reasanble price...

 

I think prices have been creeping up for years. I just bought WatchCo 300 and that price stung compared to a few years ago.

 

Excellent point. Omega seems to think the bigger the watch box, the better it is. My boutique tried to sell me on this alone for a new Speedy. I am tired of watch boxes taking up valuable space for my other expensive hobbies

 

Same here. My 3570.50 is very late 2013 with the 'small' red box. I see that as a positive - storing the new big box must be quite a nuisance. On the broader subject of Speedie pricing, I remain of the view that a standard, manual wind, hesalite Professional is very good value for money. When I bought mine, price was not a real factor for me - I just wanted then to acquire a Moonwatch and had it been 25%-30% more expensive it wouldn't have made any difference to my buying decision. A common query on this forum is where people can shop for a given watch with a saving against 'retail' or going rate. My view is always to settle on the particular watch you really want and pay what's needed to clinch it - if you look at a saving over the many years of pleasure a good watch will give you, it might only be a few pounds/dollars/euro a month.

 

Hence the right selling price is what the potential customer will be ready to pay.

 

I'm kicking my self for not buying a Speedy 6 months ago but I have to say it's hard looking at them. If they go up more I'm going to have to go used.