While I knew Speedy Tuesday watches had appreciated during the pandemic, I didn't realize that they had gone up this much.

 

What any fool wants to pay for it... we all know about the GFT = Greater Fool Theory

.

 

Really glad I owned both and flipped them

Of the 2 the one I miss most is the Ultraman, the delicate brushed finish of the ST1 meant it is better to look at than to wear, but the truth is there are watches I prefer to the twisted lug Speedmaster. The straight lug for a start…

 

Both STs have increased over the last 12-18 months. I own both, Ultraman bought BNIB from grey dealer in Melbourne in 2019, ST1 used from dealer here on OF in 2020, had to pay over retail for both, about US$8,250 each. But they have turned out to be nice purchases, enjoy wearing them both, will not lose money on them in the long run. The market sets the price, which is one reason Omega has abandoned the LE market strategy. They only got the revenue for 2,012 sales of each ST and the secondary sellers made more money. But now they can make as many of these type issues as they want....."you get a Snoopy, you get a Snoopy, everybody gets a Snoopy". Better for their bottom line.

 

and the bottom line is that they went from an unlimited number of limited editions to a limited number of unlimited editions

 

Wow!

Prices have been crazy last few years. It's actually been 2+ years since I purchased an Omega. It seems like the market is softening a bit. No data to support this, just my observation. I have flipped a good amount of watches, and usually I price them well, and sell within 10 days. This year I tried selling a few. One took 6+ weeks, and two others never sold after months. I know my personal experience doesn't reflect the market. But I have never experienced this in the 10+ years trading watches.

 

‘People are HODLing shitcoins’ is my guess…

 

The asks are sky-high on these but it remains to be seen if there are buyers at these levels.

Big note: Topper offers an automatic 10% off to anyone who reads the print on their site, so the true price of this one would be $13,949. Still super high of course.

 

Know one sold in Australia not long ago for close to $20k AUD
(ST1)

 

This can count as a 2nd post ... Omega in the new millennium summarized in a single to-the-point sentence !

 

Omega was very vulnerable and apt to catch the hype disease. It is a well made mid level brand with an interesting history that was relatively affordable. Omega, new and vintage, didn't live in a vacuum. They were naturally influenced by world events of the last few years, whether or not they encouraged the impact or were simply carried along. It's not surprising to me personally.

This is one reason why I am more pessimistic about the recent MoonSwatch reception. While it might (hopefully) introduce a new youthful segment to watch collecting, it actually seems to me to have introduced a youthful market to watch speculation.

(Hope I haven't kicked the MoonSwatch bee hive. If I have, i have only myself to blame. Just saying it's not all only a beautiful field of poppies in the collaboration.)

 

Well, people seem to buying them?!

 

Saw one ad that was bumped with a 5k price increase.

 

Supply Demand

 

Demand = 100 Money Supply = 0
D X MS = No Sale

 

wow… seems a new star is born!

 

I am indeed wondering what is the difference between the price that the seller puts on the tag and the offering he/she is finally accepting. When i look at chrono24 and the way STs (both editions) appreciated in last 2 yrs I find it hard to believe. Personally I think the offer prices are far from actual prices paid by buyers.