Good luck.
😀 For what it’s worth, I had this model on my mind for two or three years before buying it, and the only one I’ve ever seen for sale preowned (before or since) is the one on my wrist right now. I snatched it off the market the day it appeared.
Since that time, it has appeared as a buy-able option on Omega’s site, which tells me that Omega hasn’t finished producing all 61 pieces in the LE. Or they have but, for some reason, they’re releasing them very gradually, one or a couple at a time. (They’ll disappear from the site within a week or so.) Mine is number 31, so I know there are at least 30-some others out there in the world, but folks don’t generally seem to be selling them. And if you buy direct from Omega, you might get a slight discount, but it’ll still probably be over $45k US.
Not sure about the red gold one, but I suspect it’s a similar situation.
This all makes it sound very elite and special. On some level that’s true: this watch is rarer than almost anything you’re likely to find—more than a standard issue Patek or Lange—61 pieces is a pretty low production run.
But the reality is also more complex than that. At this price point (at retail), there are a lot of other options that most consumers might find more appealing. 280 grams and 43mm of white gold isn’t everyone’s cup of tea, for one thing, and those in the market for a complicated precious metal watch might instead reach for a Rolex Day Date or something preowned from Patek. So the fact is, these watches tend to be hard to sell—they lose about 50% from retail the second they leave the store, and even though
I moved quickly, my sense from talking to preowned dealers is that on the rare occasion when these watches do turn up—even at half retail price—they tend to sit for a looong time. It’s not just this particular watch: precious metal Omegas in general tend to be bad financial decisions for dealers. The Omega market and the precious metal market tend not to overlap much in the general consumer mind. On a few occasions I’ve considered trading this in to make a move upmarket. When I’ve reached out to some major preowned dealers, most have declined to even make an offer; one offered an extremely low number.
All to say, if you buy one of these, do it with your eyes open. Don’t pay full retail if you have any choice If I do end up selling someday, it’ll likely be a person-to-person sale, so I’ll let you know! (It wouldn’t be less than $20k—below that I’d just keep it and leave it to my son.)