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Tokyo Olympics Rising Sun prices
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Evitzee
·Received my watch strap from Aaron Bespoke, padded grey ostrich leg with light grey stitching and dark red lining. Top quality. Color details go well with the silvery, granulated dial and dark red bezel. This Speedmaster is very different when compared to other versions, the dial has a lot of texture and is a bit greyer than what you find on a Mitsukoshi or Apollo 35th version, and the dark red chapter ring is unique on a stainless steel Speedmaster. It has a more luxury feel to it.
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cvalue13
·For your dataset, just listed today here in the U.S. is a new “Rising Sun” from a well known secondhand shop at $11,950
(By chance, just a few weeks ago, this same shop offered me a trade-in value of $11,500 for my used Tokyo Panda)
(By chance, just a few weeks ago, this same shop offered me a trade-in value of $11,500 for my used Tokyo Panda)
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carlos13
·I noted on another thread that Rising Sun prices have increased hugely in the last month or two. I just looked on C24 and now there are only 5 watches under £6,500 (and 2 of them are pretty close to that figure). Only a couple of months ago there were plenty at c.£5,000. The question I have is, are we seeing the beginning of another LE stampede driving prices up to unattainable levels (along the lines of the Panda)?
ALL OMEGA WATCHES ARE ON THE RISE. BUY AS MANY AS POSSIBLE.
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repoman
·For your dataset, just listed today here in the U.S. is a new “Rising Sun” ...
Not trying to get pedantic, but the watch is listed by the seller as "like new", aka "used". Any potential buyer should do their due diligence and request lots of high res photos, or go see in person before buying, like they should do with any timepiece.
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AlphaToOmega
·For your dataset, just listed today here in the U.S. is a new “Rising Sun” from a well known secondhand shop at $11,950
(By chance, just a few weeks ago, this same shop offered me a trade-in value of $11,500 for my used Tokyo Panda)
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AlphaToOmega
·C carlos13ALL OMEGA WATCHES ARE ON THE RISE. BUY AS MANY AS POSSIBLE.
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cvalue13
·That is nuts. You can still buy them on C24 BNIB direct from Japan for a lot less.
Are any of those actually watches-in-hand, or are they all the middleman posts that may or may not have a watch to source?
Also, can anyone here report what the all-in import fees were when buying these from Japan?
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Evitzee
·Are any of those actually watches-in-hand, or are they all the middleman posts that may or may not have a watch to source?
Also, can anyone here report what the all-in import fees were when buying these from Japan?
Buying from abroad is always an option, but there are more moving parts you have to deal with compared with working with a domestic dealer who has done all this work for you.
This watch is now three years old, how many BNIB Rising Sun's are still out there as it has become quite popular now? Yet they keep showing up from Japanese dealers.
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cvalue13
·This watch is now three years old, how many BNIB Rising Sun's are still out there as it has become quite popular now? Yet they keep showing up from Japanese dealers.
Perhaps the occasional history of the lesser desirable models later become most desirable is at play here, but I was surprised to learn a year ago that these were still in stock in Japan. The Panda, for example, has been long gone.
In recent collector’s community “popular” perhaps, but to the broader (Japanese?) public, not so apparently.
If you are in the US it may come in with no fees due, if you are in the UK it seems assured you'll pay duty, it just depends where you live and the odds. How's your luck?
There’s the first hurdle of buyer/seller fumbling over whether to under-report value (and so under-insure), etc.; then there’s the resulting hurdle of awaiting shipping, customs, loss chance, and then fees.
Accordingly, for this specific model, I can completely see there being an audience for an U.S. domestic rising sun for a premium.
Buying from abroad is always an option, but there are more moving parts you have to deal with compared with working with a domestic dealer who has done all this work for you.
Agree 100% - particularly for those folks who value ease and avoiding international complications (this particular seller mostly appears to focus on $50,000+ watches, so this ease of buying may be a mere rounding error for many buyers).
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Evitzee
·Perhaps the occasional history of the lesser desirable models later become most desirable is at play here, but I was surprised to learn a year ago that these were still in stock in Japan. The Panda, for example, has been long gone.
In recent collector’s community “popular” perhaps, but to the broader (Japanese?) public, not so apparently.
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cvalue13
·Not trying to get pedantic, but the watch is listed by the seller as "like new", aka "used". Any potential buyer should do their due diligence and request lots of high res photos, or go see in person before buying, like they should do with any timepiece.
Fair enough. It appears to still be stickered at least partially, and really no Rising Sun being sold from within the US would be “new” in that at bare minimum it will have been sourced from a primary sale in Japan and seen who knows what between there and here
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Duffer
·Are any of those actually watches-in-hand, or are they all the middleman posts that may or may not have a watch to source?
Also, can anyone here report what the all-in import fees were when buying these from Japan?
Yes, as I posted above, I purchased my Rising Sun from Japan for less than $8500 not much more than a month ago.
https://omegaforums.net/threads/tokyo-olympics-rising-sun-prices.134150/page-7#post-1868873
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repoman
·Fair enough. It appears to still be stickered at least partially, and really no Rising Sun being sold from within the US would be “new” in that at bare minimum it will have been sourced from a primary sale in Japan and seen who knows what between there and here
That's a good point I don't think I've ever really stopped and considered before, the distinction between "new" and "unworn". I have a Rising Sun that is "unworn", but you are correct, I don't think it should be considered "new" since it was originally sold in Japan, and I'm the second owner. It's in perfect condition obviously, but "new" seems like the wrong adjective.
