speedy price increase

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when is it coming?

as of now you can get a speedy for around 3500 new. but people are willing to spend more than double that for limited editions. for basically the same watch.

the speedy is still relatively under priced new and could sustain a pretty big price jump without blinking an eye
 
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Is that £/$/€???

I don't know the current retail in the U.K. but 4/5 years ago it was £2880. I think it's increased significantly in the last couple of years so wouldn't expect another rise soon.
 
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when is it coming?

as of now you can get a speedy for around 3500 new. but people are willing to spend more than double that for limited editions. for basically the same watch.

the speedy is still relatively under priced new and could sustain a pretty big price jump without blinking an eye


..Vintage speedmasters in good condition gone really high in the last years 😵‍💫😎
 
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gosh! more bad news, first the impending crash of world economies and now increases in prices of Speedmasters!

😀
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think about it. while their still expensive. they could also be considered a value buy when comparing it to other watches. omega could drop a 10% price increase and nobody should blink an eye or yell at a cloud.
 
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think about it. while their still expensive. they could also be considered a value buy when comparing it to other watches. omega could drop a 10% price increase and nobody should blink an eye or yell at a cloud.
What other manual wind S/S chronographs are you comparing it to?
 
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What other manual wind S/S chronographs are you comparing it to?

its LE siblings? after all, they all have the same engine..
 
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think about it. while their still expensive. they could also be considered a value buy when comparing it to other watches. omega could drop a 10% price increase and nobody should blink an eye or yell at a cloud.

With the exception of the LE's does anybody actually pay full price for an Omega?
 
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With the exception of the LE's does anybody actually pay full price for an Omega?
Yes. Pretty much every single person who buys at an OB.
 
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With the exception of the LE's does anybody actually pay full price for an Omega?

My AD discounts most Omega watches between 10-25% if you ask (more on models that don’t sell quickly). But they do NOT discount the manual-wind Speedmaster moonwatch because they can sell every one they get at full price. They rarely have more than one in stock at any time, and several times when I’ve browsed, none at all.
 
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Yes. Pretty much every single person who buys at an OB.

OB's account for 9% of distribution channels in the UK, don't know the % of watches actually sold but let's base it on the same % for arguments sake. So the point I was making was OP saying Omega can increase prices by 10% yet I could walk into just about any AD and get anywhere between 10% to 30% off an Omega watch, Speedmasters included. So 91% of sales channels are discounting Omegas, 9% aren't yet the market will accept a 10% increase without blinking an eye. I don't agree.
 
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With the exception of the LE's does anybody actually pay full price for an Omega?
Good point. I can only speak for myself and the answer is no.
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My AD discounts most Omega watches between 10-25% if you ask (more on models that don’t sell quickly). But they do NOT discount the manual-wind Speedmaster moonwatch because they can sell every one they get at full price. They rarely have more than one in stock at any time, and several times when I’ve browsed, none at all.

When it consistently nears the top of every single 5 or 10 best watches ever made list (along with the Sub), and is the go-to recommendation anytime someone asks for the best chronograph there is (and they don't want an El Primero or Daytona) it's not hugely surprising that it can sell full retail to both watch people and non watch people.

It's also the one I never see secondhand in jewelers in the UK - always see Seamasters (mainly 90's or early 2000's) and lesser Planet Oceans but never Speedmasters. I figure most people don't sell them when they get them and demand is so high that ones which are sold get bought very fast.

At my AD they kinda laughed at me in a way asking for a £400 or £500 cash discount - I went in being told online that 30% on Omega is completely normal and doable but it wasn't really the case.

I think most people's impression of Omega is the same as it was in the 90's when a Seamaster was £700 and you could haggle it to half price from a shop selling Omega alongside low end mall brands. They have no clue that even their entry level models are close on £3000 these days with a heavy push to upscale boutiques.

In the end I just took a free service from them down the line since the value of that (they're an official Omega service center too) was worth more and higher than the small discount they were actually willing to do and a chronograph service is like £500.
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think about it. while their still expensive. they could also be considered a value buy when comparing it to other watches. omega could drop a 10% price increase and nobody should blink an eye or yell at a cloud.
I don t really agree with the argument that nobody should blink an eye or yell at a cloud if they increase their price by 10% because it's good value. That is simply pandering to the idea that quality should be stupid expensive. It is also justifying the idea that 'luxury' should be expensive or it is not a luxury product. I think Rolex is playing this game. It might be good for the brand but does not mean they should do it just because they can.
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I don t really agree with the argument that nobody should blink an eye or tell at a cloud if they increase their price by 10% because it's good value. That is simply pandering to the idea that quality should be stupid expensive. It is also justifying the idea that 'luxury' should be expensive or it is not a luxury product. I think Rolex is playing this game. It might be good for the brand but does not mean they should do it just because they can.
And, if Omega is thinking about playing that game, they would wait & see how it pans out for Rolex first.
 
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And, if Omega is thinking about playing that game, they would wait & see how it pans out for Rolex first.

pans out?

how do you think it's going to pan out. it will be a win/win. rolex is playing us like a fiddle and people eat it up. they can't get something they want, they want it more. raise the price, better get it before the next increase or you'll never get one. etc, etc...

can't wait for rolex to do their vintage series, that will be pandemonium. rolex is a puppet master in behavioral science and the world is their puppet.

rolex drives the market and can do anything they want and they'll come out smelling like a rose.. now it's going to be more expensive and the people that just got in on the lower price will be all smiles. congrats's your stock just split reassuring buyers that buying a rolex is smart.

people that are buying these watches will be detoured by 5-8% ..crap..i remember in 2003 when you could buy a sub for around 3k and that was considered high
 
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rolex is a puppet master in behavioral science and the world is their puppet.

rolex drives the market and can do anything they want and they'll come out smelling like a rose.. now it's going to be more expensive and the people that just got in on the lower price will be all smiles. congrats's your stock just split reassuring buyers that buying a rolex is smart.

I don't get it. Rolex is a good business and they are successful and know how to run a successful business. Why be angry about it?
 
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I agree, the market will determine pricing. If Rolex can increase prices and the demand is still there, you can't fault their strategy. How many LE's does Rolex introduce each year?
 
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A big reason why brands increase prices is because they are constantly innovating.

The standard speedmaster is more or less unchanged in 50 years.