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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 1:23 pm to Fortnight2Flat
quote:
Who the hell buys used watches for more than new?
People who buy certain types of Rolex. Or you can wait forever. I don't think its quite the same with Omega because those aren't as scarce. Don't take my word though, I'm just a novice.
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 Fortnight2Flat
Omega is better than others.
And appreciating and paying more than new aren't the same thing. New price could go up 10% a year and a watch might “appreciate” 2% a year.
Keep a watch for a decade and you might be able to sell for more than you paid but still be less then a new one.
And appreciating and paying more than new aren't the same thing. New price could go up 10% a year and a watch might “appreciate” 2% a year.
Keep a watch for a decade and you might be able to sell for more than you paid but still be less then a new one.
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 1:27 pm to Fortnight2Flat
quote:
Who the hell buys used watches for more than new?
an insane amount of rolex buyers. Rolex has tightened their grip on the market and limited the supply chain causing prices to go crazy To the OP, omegas hold value for the most part, the dont nearly appreciate like Rolex has done
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 1:40 pm to jbgleason
Thanks- I love the look.
Amazon has it listed for $3680.00. Do you think that's reasonable, or not necessarily?
I do surveys occasionally and have built up $5200 in Amazon gift cards, but I hate to use such a big chunk. On the bright side, it's a cool idea to get an Omega for free.
Amazon has it listed for $3680.00. Do you think that's reasonable, or not necessarily?
I do surveys occasionally and have built up $5200 in Amazon gift cards, but I hate to use such a big chunk. On the bright side, it's a cool idea to get an Omega for free.
Posted on 3/26/21 at 1:44 pm to schatman
quote:
I do surveys occasionally and have built up $5200 in Amazon gift cards
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 2:12 pm to schatman
quote:
On the bright side, it's a cool idea to get an Omega for free.
so why would you care about resale?
this whole thread is stupid
Posted on 3/26/21 at 2:13 pm to schatman
quote:
I do surveys occasionally and have built up $5200 in Amazon gift cards,
frick, tell us more about this!!!!
Posted on 3/26/21 at 2:24 pm to cgrand
So rather than just blow the credit, I could have something that could be sold and have a decent amount of cash, rather than nickel and dime the nest egg away.
You don't like the thread? Don't respond
You don't like the thread? Don't respond
Posted on 3/26/21 at 2:25 pm to SG_Geaux
Been doing those surveys since around 2007. I think counting up, I've had about $20,000 worth of Amazon stuff that I've gotten over the years total.
Posted on 3/26/21 at 2:26 pm to schatman
Where the frick are you doing surveys to pocket this much money? I did a few months on Prolific and got like $130
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