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Speedmaster prices creeping up?

Evitzee
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03Hemi 03Hemi
Probably off a bit for 2019, but it’s still a a far cry from Rolex’s production.
You are way, way off....by a factor of at least 7.

The only firm numbers I have are from 2015 which were written up in the Swiss paper Le Temps, production numbers for Rolex were 780,000 and Omega was 720,000, so Rolex was about 10% more than Omega, and that is a fairly consistent gap. In the last four years production for both of these companies are up somewhat, but the ratio between the two is similar. Both are produced on a fairly big scale, but dwarfed by the likes of Longines and Tissot.
 
saulgoodman
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Archer Archer
It’s a butthole number. Data is available that shows that 100k is very far off the reality.

Coincidentally, the Omega number was mentioned on a Fratello podcast I listened to while running this AM. It is 750,000. As I mentioned before, Rolex does not release their numbers but estimates put Omega and Rolex yearly production within 50K to 150K pieces of each other with Rolex having the higher nimbers.

Now that this is settled, what do you all think of Omega’s move to dry up grey market supply? Given that Rolex has 50% of the luxury watch market to Omega’s 10% (source Fratello), and given that the production numbers for Omega are relatively high, the secondary market is not likely to dry up, but retail prices are already moving up.
 
S.H.
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saulgoodman saulgoodman
Now that this is settled, what do you all think of Omega’s move to dry up grey market supply?

As the Bloomberg article linked in this thread said, sales were down and inventories up... logical, as it is equivalent to a price increase imho. We'll see next year if the marketing helps customers swallowing full list prices, or if sales will stay down?
 
saulgoodman
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S.H. S.H.
As the Bloomberg article linked in this thread said, sales were down and inventories up... logical, as it is equivalent to a price increase imho. We'll see next year if the marketing helps customers swallowing full list prices, or if sales will stay down?

I am not sure this issue will have a long-term effect on Omega. The drop in sales is attributable to political unrest in Hong Kong and probably hit the watch industry across-the-board. This is definitely an issue, but it is a variable that the odds say will not last. I would be more worried about economic conditions in Asia overall.
 
03Hemi
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Archer Archer
It’s a butthole number. Data is available that shows that 100k is very far off the reality.
Butthole number, Bawahahaha. That’s funny! What are your butthole sources, Elbuttholeo? Lol
Edited:
 
saulgoodman
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03Hemi 03Hemi
Butthole number, Bawahahaha. That’s funny! What are your butthole sources, Elbuttholeo? Lol

Don’t be so sensitive, you were only 650,000 units off out of a possible 750,000 on a figure it took a two second Google to debunk. There is no reason to think you were making it up... We know people don’t make stuff up on the Internet!
 
Archer
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03Hemi 03Hemi
Butthole number, Bawahahaha. That’s funny! What are your butthole sources, Elbuttholeo? Lol

I use COSC numbers...so rather than posting something that is clearly not accurate and doing no research (as you did) I took the time to make sure what I posted had something behind it. Unlike other forums you might be on, we value correct information here.
 
03Hemi
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saulgoodman saulgoodman
Don’t be so sensitive, you were only 650,000 units off out of a possible 750,000 on a figure it took a two second Google to debunk. There is no reason to think you were making it up... We know people don’t make stuff up on the Internet!
Hey if it’s on the internet it’s got to be true. Lol
 
03Hemi
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Archer Archer
I use COSC numbers...so rather than posting something that is clearly not accurate and doing no research (as you did) I took the time to make sure what I posted had something behind it. Unlike other forums you might be on, we value correct information here.
Me too, I just hate that. I was only off a mere 900k.
 
saulgoodman
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03Hemi 03Hemi
Hey if it’s on the internet it’s got to be true. Lol

We have a troll ladies and gents! Does anyone know where the ignore tab is?
 
03Hemi
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No, just someone with a sense of humor that doesn’t take themselves so seriously, lighten up and don’t be so sensitive.
 
saulgoodman
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OK, I think we can get back to post troll discussion. Back on topic please!
 
dennisthemenace
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03Hemi 03Hemi
No, just someone with a sense of humor that doesn’t take themselves so seriously, lighten up and don’t be so sensitive.
I'd make the most of your time here if I were you. It's going to be short.
 
Alex_TA
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dsacks30 dsacks30
Not really, prices should rise if inflation goes up, but we’re still living with almost zero inflation in the United States and Europe.

So, the prices in your grocery store are the same as they were 10 years ago? What a lucky guy.
 
dsacks30
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Alex_TA Alex_TA
So, the prices in your grocery store are the same as they were 10 years ago? What a lucky guy.

Prices are pretty close to what they were prior to the Global Financial Crisis in 2008. Companies can’t really raise prices significantly when real wages are stagnant for a majority of people and inflation is close to nonexistent. This isn’t necessarily the case for luxury goods, as the customers have more disposable income and the top income earners have seen their wages rise. But for basic staples I don’t think prices have gone up significantly in past ten years...
 
gostang9
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saulgoodman saulgoodman
...Now that this is settled, what do you all think of Omega’s move to dry up grey market supply? Given that Rolex has 50% of the luxury watch market to Omega’s 10% (source Fratello), and given that the production numbers for Omega are relatively high, the secondary market is not likely to dry up, but retail prices are already moving up.
Saw this interesting sign at the Omega section of YYZ airport shopping district. Strong discouragement of buying from online (ie: grey market).

254055F6-42B7-4596-BD4E-C9D851A672C5.jpeg
 
Cenzo
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I was searching for a Speed Master Pro to celebrate my 25th wedding anniversary this year. I thought the prices may be going up early this year due to the 50th anniversary of the moon landing. But they seem to be at the same level now that the anniversary has passed. I wound up getting a new one through Kringkily. Despite the Omega warning above I couldn't be happier with the purchase.
 
03Hemi
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dennisthemenace dennisthemenace
I'd make the most of your time here if I were you. It's going to be short.
Is that what your wife said? Learn some decorum classless.
 
gbesq
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03Hemi 03Hemi
Is that what your wife said? Learn some dechoram.

It’s spelled “decorum,” you moron. The only thing worse than a troll is a stupid troll.
 
saulgoodman
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gostang9 gostang9
Saw this interesting sign at the Omega section of YYZ airport shopping district. Strong discouragement of buying from online (ie: grey market).

254055F6-42B7-4596-BD4E-C9D851A672C5.jpeg

I've never seen anything like that. I should add that I haven't been to an Omega AD for some time. Of course, most of what the sign says is not true. I wonder if the store came up with it or if Omega is distributing those?
 
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