..I believe Omega should have a strong word with their boutiques, because the flipper men clearly had a heads up on the release date and time....
I don't think Omega cares to control any of this -- why would they? after all, this is business w/the goal to maximize profits (same as flippers)...and now they have a very efficient method to get rid of inventory - by selling directly online to the consumer (no AD middle man, no discounts).
The modern snoopy and the Japan Racing are the only two limited editions of this century that have increased in value. So that鈥檚 two. And the Japan Racing did not take off until quite recently.
unfortunately, so did the Gemini IV... I can't believe I tried to negociate one down from CHF5K to CHF4.5K three years ago 馃槵
So three limiteds up in value.
TinTin is another good example. I see one for sale here for 9k? Huh, last year those from a Japanese stock were still selling for around 3 馃え
And Apollo XIII LE above 10k. And Italian Albino around 15... I believe there are more than a handful where the demand has dramatically increased, and the asking prices 馃槈
I wonder, is selling a limited edition watch for more than you paid for it bottom feeding? I cannot see the evil in it. We all had the chance to try to buy one, (true, a little effort was required) and the market sets the price. No dealer is going to get very fat dealing in UM's as I dont see the volumes.
Of all the trading behavior in today's vintage watch market, I feel flipping a limited edition is way down the list. I would not hold that fact that a seller has flipped an UM against him.
Also if you don鈥檛 agree with flipping - then don鈥檛 buy from them.
But mostly I feel the UM reissue is like all the other reissues. Fun to look at and causes a lot of immediate interest, but little longevity. After all it鈥檚 a modern watch. With a few too many design tips from too many people. Like it鈥檚 predessor the ST1 I loved the idea but when it came to reaching into my pocket I swerved.
The modern snoopy and the Japan Racing are the only two limited editions of this century that have increased in value. So that鈥檚 two. And the Japan Racing did not take off until quite recently.
So the flippers are taking a risk. As we can see, if you bought a UM or an ST1 for profit then, well, you didn鈥檛 - unless you sold it almost immediately.
TinTin is another good example. I see one for sale here for 9k? Huh, last year those from a Japanese stock were still selling for around 3 馃え
And Apollo XIII LE above 10k. And Italian Albino around 15... I believe there are more than a handful where the demand has dramatically increased, and the asking prices 馃槈
And even if these sell it after one year, it's most likely still profit.
If you have to put 7k down for a year to make a couple of hundreds of profit, it's not really worth it imo. Especially if you proceed like most of those BNIB sellers who didn't even enjoy the watch in the mean time. 馃槜
Well if that鈥檚 the minimal risk, it鈥檚 better than starting a savings account at your bank. With the current trend it鈥檚 a better investment than putting money aside. But as Wei Koh recently mentioned in an unboxing video: flippers better should consider prostituting themselves if they care so much about making a quick buck.
.. I cannot see the evil in it.
.. I don't mind people flipping their watches...
unfortunately, so did the Gemini IV... I can't believe I tried to negociate one down from CHF5K to CHF4.5K three years ago 馃槵
