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Watch guys- a question about Omega...
Posted on 3/26/21 at 1:16 pm
Posted on 3/26/21 at 1:16 pm
Do they tend to hold their value and appreciate, or depreciate? Considering getting this, but didn't know about resale value.
11
Posted on 3/26/21 at 1:22 pm to schatman
Who the hell buys used watches for more than new?
Posted on 3/26/21 at 1:24 pm to schatman
I certainly wouldn't buy a watch as an investment.
Buy it because it speaks to you and you love it. Not for what you think it might be worth later.
Buy it because it speaks to you and you love it. Not for what you think it might be worth later.
This post was edited on 3/26/21 at 1:25 pm
Posted on 3/26/21 at 1:26 pm to schatman
Do you sell CD’s on the corner too?
Posted on 3/26/21 at 1:26 pm to schatman
Yeah you shouldnt consider that as an investment.
It will lose some value but bigger problem is finding a reasonable buyer when you want to sell it
It will lose some value but bigger problem is finding a reasonable buyer when you want to sell it
Posted on 3/26/21 at 1:28 pm to schatman
You lose 40% (or more) the second you walk out of the store. Omegas can be had at significant discounts. If you are worried about value retention you are going to have to go with Rolex (if you can even get one)
Posted on 3/26/21 at 1:28 pm to schatman
The condition that it’s in matters a whole lot when reselling.
The general rule for Omega’s if you’re buying at full retail price expect it depreciate 20-40%. But if you’re getting it at a deal that could offset the depreciation.
The exception too this is the Omega Speedmaster Moonwatch, it tends to hold its value better than the rest because it’s always in demand.
The general rule for Omega’s if you’re buying at full retail price expect it depreciate 20-40%. But if you’re getting it at a deal that could offset the depreciation.
The exception too this is the Omega Speedmaster Moonwatch, it tends to hold its value better than the rest because it’s always in demand.
Posted on 3/26/21 at 1:31 pm to schatman
It's a great watch. I love mine. You won't want to sell it.
Posted on 3/26/21 at 1:52 pm to schatman
Nice watch, problem is they make what seems 50 different styles of the speedmaster. Even the classic stylee "Moon watch" version is not rare by any means, which decreases the value because they are so readily available.
Buy because you like it, not because of reasle.
Buy because you like it, not because of reasle.
Posted on 3/26/21 at 2:02 pm to schatman
Astronauts used Omega Speedmasters and been to the Moon, so they've that going for them.
Posted on 3/26/21 at 2:28 pm to schatman
Posted on 3/26/21 at 10:23 pm to schatman
quote:
Do they tend to hold their value and appreciate, or depreciate? Considering getting this, but didn't know about resale value.
Don't buy a Speedmaster Racing and expect much if any appreciation at least not outstripping inflation or the buoy that rising Omega prices will induce. Those Speedys have a modified ETA movement and depending on the version aren't what I consider long-term stable. I would rather have something like my Mk 40 that uses an ETA 7753 or a Speedy Pro. I did have a Schumacher version for a while and it is a fine watch but I think they are overpriced for what they are and will always be the red headed step child of the Speedmaster range.
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