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Speedy Tintin information gathering

sgrossma
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BTW - I would not service your watch just to have Omega records. I think standard service costs are pushing $900USD now. They were previously $800 something, but I think they went up. You will not be adding that much value to your watch.

From my experience, you can service a watch and get between 40-50% of that value back.

It is not that difficult to determine if a watch is genuine or if the serial corresponds to the reference. So unless your watch isn't keeping good time or some other aspect of it is not functioning, I would highly recommend not wasting your money 馃榾
 
S
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BlackTalon BlackTalon
The $2,000 i snot 'profit'. Profit is what is left after all of the overhead costs, such as salaries, insurance, rent, utilities, etc. Even the online resellers have overhead costs, although a bit less than the brick and mortar shops.

I agree my post was an oversimplification.
 
BlackTalon
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Can't the newer watches be verified through the extranet by an OB? You should be able to get info on the validity of the watch that way.
 
davy26
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BlackTalon BlackTalon
Can't the newer watches be verified through the extranet by an OB? You should be able to get info on the validity of the watch that way.
A couple of years ago, when I was considering buying my Japan Racing (2004), quoting the serial number I was able to obtain from Omega's UK office a written confirmation that it had been 'built' as a 3570.40, so I'd agree that basic information on later Speedies is available, even if not a formal 'Extract.'
 
SpeedyMcNasty
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S SpeedyTomorrow
I think $7,000 is low considering what is happening with the collectibility and desire with these. I do think the prices are stable and moving up. $7000 trade in gives a dealer $2000 in profits or 30%. Seems typical for a dealer. I think you made a wise choice to keep it. If it鈥檚 NOS I think $10,000 is now here. Sell your own watches don鈥檛 trade in. Just my opinion.
Oh I鈥檝e made the trade in mistake before. I wouldn鈥檛 have done, mostly curious. Thanks for the wisdom though.
 
M
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I listed my last TinTin in December and had more inquiries than any other watch I normally sell. I鈥檓 a flipper and I鈥檇 love to have more TinTin鈥檚 but the days of finding them used or nos at a flippable price is over. I sold my last one for $9800 and there were associated fees the buyer paid $10,200 range all in. It sold within 2 days. It was used not NOS. I get requests all the time for NOS TinTin鈥檚 but they just don鈥檛 exist. My advice hold onto these as the prices are far from the top. I wouldn鈥檛 be surprised if prices doubled.
 
H
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fergusm fergusm
I guess there are 2 types of people here... those who love watches, and those who view them as a commodity, to profit from.

I don't know about this. My tintin was my first nice watch. Still my only nice watch. I had a Glycine before that, which I was happy with, but fell down the rabbit hole and wanted a speedy. I really had to save for it, and was over the moon when I saw a tintin advertised locally for a reasonable price (in context now, a great price).

Now - although I loved watching the legend and the popularity grow - I don't feel comfortable wearing it. It's now way more valuable than I'd feel comfortable wearing at work etc, plus now I'm afraid I'll ding it. Six thousand USD is a much higher game than I bought into!

I should probably sell it, but I wouldn't know how (I don't trust ebay and I'm not aware of any dealers etc here in New Zealand). Plus I guess I would feel weird about "viewing it as a commodity" - I was pretty into it before it went in the drawer!

So now I don't wear it, and every time there's a new round of high prices in this thread I think again about insurance, safer storage, selling it, basically anything other than using it to tell the time. I think there will be a few in my boat, who love the watch, but have found themselves compelled to think about selling due to the rising tide.


P.S. First post, long time lurker. I've greatly appreciated all the information in this place - you guys are good value.
 
M
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I definitely see the TinTin doubling to $20,000 in the near future. As a watch flipper if I had a TinTin I would hold it as I definitely think I鈥檓 getting $20,000 a year from now. Hold tight for now. Yes there are $11,000-$12,000 asking prices which I think is selling it short. Hold onto it. The price is only going up. There is rarely a mistake watch like this in such short supply.
 
sgrossma
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...and then again to $40k in 2 years, and $80k in 3 years, and $160k in 4 years, $320k in 5 years, $640k in 6 years, and finally.... if you hold 7 years... you will have a $1.28 Million dollar watch.

Hold it, people!

馃榾
 
S
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The Omega dealer in the Marriott sold the used $11,000 tintin. They plan on buying another via the forums. Omega dealers are now buying from the used market. It鈥檚 an interesting turn.
 
S
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sgrossma sgrossma
...and then again to $40k in 2 years, and $80k in 3 years, and $160k in 4 years, $320k in 5 years, $640k in 6 years, and finally.... if you hold 7 years... you will have a $1.28 Million dollar watch.

Hold it, people!

馃榾

馃榾 If you can get me to $2.5m I could retire. I can鈥檛 wait 15 years though..... Bummer!
 
The Father
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sgrossma sgrossma
...and then again to $40k in 2 years, and $80k in 3 years, and $160k in 4 years, $320k in 5 years, $640k in 6 years, and finally.... if you hold 7 years... you will have a $1.28 Million dollar watch.

Hold it, people!

馃榾
Hot damn, I can hardly wait. Maybe if I post what a cool watch it is the price will rise even faster and I won't have to wait so long.
 
simbal
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sgrossma sgrossma
...and then again to $40k in 2 years, and $80k in 3 years, and $160k in 4 years, $320k in 5 years, $640k in 6 years, and finally.... if you hold 7 years... you will have a $1.28 Million dollar watch.

Hold it, people!

馃榾
Lol.... I can actually follow your math!
 
Skipper_S
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M MJWatch
I definitely see the TinTin doubling to $20,000 in the near future. As a watch flipper if I had a TinTin I would hold it as I definitely think I鈥檓 getting $20,000 a year from now. Hold tight for now. Yes there are $11,000-$12,000 asking prices which I think is selling it short. Hold onto it. The price is only going up. There is rarely a mistake watch like this in such short supply.

If you are SO SURE why dont you buy ALL the tintin watches available for sale in all sites and just wait? You can even get a bank loan if you dont have enough funds to make it possible!!!

You are trying FLIP your tintin FASTER than it should.... lol
Edited:
 
xantiagib
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sgrossma sgrossma
...and then again to $40k in 2 years, and $80k in 3 years, and $160k in 4 years, $320k in 5 years, $640k in 6 years, and finally.... if you hold 7 years... you will have a $1.28 Million dollar watch.

Hold it, people!

馃榾

Yay - I can pay off my mortgage in 4 years time....! who needs watches when your cell phone tells you the time all over the world
 
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