Why then are limited edition Speedmasters on straps about $1500-2000 more expensive than a standard one on a bracelet? Why do we pay extra for them? Because they're limited and cool, and we want to know that we have something a little extra special. Monetary / investment value is secondary; it's just not as cool knowing that there will be more of them pumped into the market later on. Maybe it wouldn't be so disappointing if the LE cost the same as a standard Speedmaster, or if the re-releases of previous limited editions were limited to the 55 box sets thus not doubling the number of Gemini IVs and Apollo XV 35ths or adding half again as many pandas as were already out there.
Despite the crazy number of LE Speedmasters we get each year now I was still excited to see what was in store for the 50th anniversary of the moon landing next year.... now, I know that no matter how cool it is, I can always wait a couple years until Omega retreads it and doubles the numbers out there, and I can buy one not for full MSRP but at depreciated secondary market price