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connieseamaster
·And wearers wear...😉
Firmly in the BIFL wearer category. I don't think anything short of extreme financial emergency could convince me to sell any of mine.
Why the jump in vintage watch prices
Firmly in the BIFL wearer category. I don't think anything short of extreme financial emergency could convince me to sell any of mine.
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Risto
·I got into vintage watches couple of years ago. Didn’t care for real watches before. But, one day I found myself on the Auktionata website. There was an auction coming up and some prices looked good to me. So, I stepped in. Bought 2 50’s Venus 180 and Landeron 48 watches. 700€ total. Wore them some months and felt good. Then internet opened my eyes and after that I’ve bought and sold 20 watches. Loved them. Have not made any profit. But yeah prices have gone up considerably in last 5 years or so. It’s social media and pages like Hodinkee, W&W and OF that have brought vintage watches into the mainstream.
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DON
·Hipsters
DON
DON
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snunez
·Many folks blame the rise in prices in luxury goods to the 2008 financial meltdown. Money went to all kinds of 'hard' assets: cars, furniture, art, wine and watches. Anything that folks thought would not go down in value.
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Omegafanman
·I am not sure there is one answer. For sure money printing and low interest rates have pushed a lot of assets up as people move out of cash. This is being helped by a growing aspirational middle class in emerging markets now linked by internet sales. People want nice quality ‘stuff’ and good watch is still most men’s main fashion statement. I think a lot of people have turned off smart watches since the phone or pad never leaves their hand anyway and it is hard to form a deep connection with a wrist beeper. I am meeting younger people who have a genuine interest in horology and truly value the history and quality of mechanical movements. Older tech like records and cassette tapes have also made a comeback, and that has been driven by millennials not men of a certain age (like me!). For sure nostalgia plays a part ands there will be (are?) price bubbles, but I think it is up to places like this forum to keep welcoming people in and for all of us to spread the word. I hope the next generation does take up the baton and keep all these lovely pieces ticking. Re nostalgia I do agree that I will have to sell my action man / GI Joe etc collections before all the buyers peg it…..
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river rat
·Glad I got into collecting vintage watches when they were at a fair price were some one making a medium wage could afford this hobby. Think I paid 1400 for a 1972 omega speedmaster and 2000 for a 7021/0 Tudor snowflake cir. 1972 and I thought that was high at the time. I look at the sells section here and scratch my head at the prices today. Glad I got in this hobby early and was a collector and not a flipper. I mite be done buying because I remember what this stuff use to sell for and got cool collection right now were I am happy with it.
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snake.doctor
·Re nostalgia I do agree that I will have to sell my action man / GI Joe etc collections before all the buyers peg it…..
Yeah I perfectly understand your problem, and I would be glad to buy your doll 😁
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Omegafanman
·Yeah I perfectly understand your problem, and I would be glad to buy your doll 😁
A doll….Ken is most offended…back then toys were real toys, men were real men, women were real women, and small furry creatures from Alpha Centauri were real small furry creatures from Alpha Centauri. How it has changed ….I decided to let my 5 year old Nephew spend an hour playing scuba diver with this 'aqua lung' rather than try explaining what a flamethrower was……..
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cicindela
··Steve @ ΩF"never send to know for whom the bell tolls; it tolls for thee.”
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Omega world
·Seller's,Re Seller's,little sharks who buys to sell for 100 euros profit...I want back times when I buy my Seamaster 300 with 400 euros..
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snake.doctor
·A doll….Ken is most offended…back then toys were real toys, men were real men, women were real women, and small furry creatures from Alpha Centauri were real small furry creatures from Alpha Centauri. How it has changed ….I decided to let my 5 year old Nephew spend an hour playing scuba diver with this 'aqua lung' rather than try explaining what a flamethrower was……..
And I just got a Code 3 Gene Cernan for a very good price that I should receive soon... She will kill me 😁
Long story short, it's the same with that, the prices are increasing when it's "old" because there are more and more people collecting vintage stuff. There are also Tv shows which don't help in keeping the prices low because they make people think everything that is vintage is a treasure...
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WYO_Watch
·Every time someone says something regarding the good ol’ days I am reminded that the human mind has the capacity to remember only what it wants to 🤪
In general all goods are more expensive as inflation ticks up. The house I am in now I could have purchased with my downpayment 60 years ago. I don’t think you see a $500/year increase across the board. Some models have hugely outpaced that recently (even new Rolex sport models), and others vintage pieces costs are about the same. Lots of other have touched on increased interest and demand as well as the inevitable shrinking stock, market crashes, celebs and the like.
Some of the increase is just on ads and paper. Once someone owns something - they can ask whatever they want for it. I still see a Constellation hummer on eBay I looked at 2 years ago. It’s incredibly over priced to the market, but he may not care to sell it and the market may tick up.
I’m not sure anyone could give you a perfect equation for it. On a sunnier side, I think there are still good deals to be had. A lot of that equation is how you subjectively apply a value to a luxury good (aka something you don’t need to survive). I’ve not only applied a value to several watches, but I have told myself I “need” several which means I’m part of the problem 😉
In general all goods are more expensive as inflation ticks up. The house I am in now I could have purchased with my downpayment 60 years ago. I don’t think you see a $500/year increase across the board. Some models have hugely outpaced that recently (even new Rolex sport models), and others vintage pieces costs are about the same. Lots of other have touched on increased interest and demand as well as the inevitable shrinking stock, market crashes, celebs and the like.
Some of the increase is just on ads and paper. Once someone owns something - they can ask whatever they want for it. I still see a Constellation hummer on eBay I looked at 2 years ago. It’s incredibly over priced to the market, but he may not care to sell it and the market may tick up.
I’m not sure anyone could give you a perfect equation for it. On a sunnier side, I think there are still good deals to be had. A lot of that equation is how you subjectively apply a value to a luxury good (aka something you don’t need to survive). I’ve not only applied a value to several watches, but I have told myself I “need” several which means I’m part of the problem 😉
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Mossback
·I'm new to vintage Omega watches. I started searching about a year ago and have seen a steady price increase for the more collectable choice watches. This forum is a priceless resource for a novice like me.
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Jonathan40
·Totally agree with most things written but it’s not just vintage it’s across the board.
Got into watches 20 years ago, then became a hobby about 15 years ago.
Bought some and sold some but certainly glad I got my Red sub and my 2 LV’s (fat fonts) then my sea dweller before it went crazy. I have 3 modern Omega bought grey or second hand in the last 3 years and the rest of them are social, OF or website grey cheaper purchases. My only pain has been venturing into gold watches.
Got into watches 20 years ago, then became a hobby about 15 years ago.
Bought some and sold some but certainly glad I got my Red sub and my 2 LV’s (fat fonts) then my sea dweller before it went crazy. I have 3 modern Omega bought grey or second hand in the last 3 years and the rest of them are social, OF or website grey cheaper purchases. My only pain has been venturing into gold watches.
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snunez
·What's the pain in gold? Have those prices change in a non-good way?
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nonuffinkbloke
·..... Did the price jumps happen because of Speedmaster 101, Omega Forums..Hodinkee...
Blimey! Bit strong to blame, this Forum, Hodinkee or Speedmaster101.
@Spacefruit makes the purpose of his chart very clear on Speedmaster101. To get an understanding of how it works we have to read all the price list notes, not just the numbers.
(Quote from SPEEDMASTER101 price list)
This Chart is REFLECTIVE, not PREDICTIVE. So it is what watches have previously sold for, not what they are going to sell for or what they OUGHT to sell for.This Chart is FOR MY REFERENCE. You are welcome to use it and remember your experience and opinion of prices may well be different, and it is equally valid. My Chart, my experiences, my Values. If you disagree, then try instead to see the relationship between the values and that could still be helpful. I am not omnipotent, and this is the best I can do with the resources I have. (End of quote)
These information sources have educated us to understand exactly 'what we have' and for many of us this Forum, Speedmaster101 and Hodinkee serve a very valuable purpose. For me personally, the information I learned stopped me, ignorantly, selling my Dad's 105.012-65 for the price of paying a household Electricity bill!
£150 for this 'old ticker' anyone???
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Omegafanman
·I can't help calling it that, because my wife is always pissed when I buy a new figure....
And I just got a Code 3 Gene Cernan for a very good price that I should receive soon... She will kill me 😁
Long story short, it's the same with that, the prices are increasing when it's "old" because there are more and more people collecting vintage stuff. There are also Tv shows which don't help in keeping the prices low because they make people think everything that is vintage is a treasure...
I think a lot of Hobby Master and Dragon models will hold value...….Same for Code 3 I am sure....especially If you keep them in the box..... but as you have shown not much fun in that....watches are for wearing and all that. I like your display base. Need a watch box like that...
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snake.doctor
·I think a lot of Hobby Master and Dragon models will hold value...….Same for Code 3 I am sure....especially If you keep them in the box..... but as you have shown not much fun in that....watches are for wearing and all that. I like your display base. Need a watch box like that...
Yeah I'm sure they will retain their value....
About the boxes, I just put my hands on a very nice old stock of Omega's 40th anniversary pens that comes with the nice aluminium case. When I will have my 200 posts I will make them available for purchase for OF members first before putting them over Ebay.
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ucsbgsmith
·I think it’s important to remember that most vintage watches are worth nothing. And even those that fall into the category of worth “something,” the great majority of those are not worth servicing. Very few few vintage watches are worth collecting at all.
The vintage watch industry has made great gains in the last few years selling watches that were not previously collectible.
The vintage watch industry has made great gains in the last few years selling watches that were not previously collectible.
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Omegafanman
·I think it’s important to remember that most vintage watches are worth nothing. And even those that fall into the category of worth “something,” the great majority of those are not worth servicing. Very few few vintage watches are worth collecting at all.
The vintage watch industry has made great gains in the last few years selling watches that were not previously collectible.
Damn......next thing you will be telling me this was a bad move (I know)….but it is not always about the money.....
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