Investment Omega for £2k?
Discussion
I'm considering getting an Omega Seamaster or similar for around £2k, would this likely gain anything in value over the years? Or even lose value? (I'm planning on keeping it as a forever thing)
Does anyone have any other suggestions for around £2k? I don't want to buy and then in 6 months it to be worth half the price.
Thank you
Does anyone have any other suggestions for around £2k? I don't want to buy and then in 6 months it to be worth half the price.
Thank you
I think you're looking at the wrong brand if you want it to appreciate. If you get a co-axial (auto) Sea Master or Planet Ocean then I don't think you'll lose much, certainly not half.
My Seamaster seems to be worth about a grand according to watchfinder (2008 with all docs) and I seem to remember paying 1,400GBP for it.
My Seamaster seems to be worth about a grand according to watchfinder (2008 with all docs) and I seem to remember paying 1,400GBP for it.
eybic said:
Mansells Tash said:
I think you're looking at the wrong brand if you want it to appreciate.
Do you have any recommendations for an appreciator that looks similar?Thank you
Incidentally I just looked and saw the retail on my IWC Portofino is 4k!?! WOW! I got mine (exact same model) for 2,440 a few years ago when they first released the current model.
Unless you choose the right model (usually a Rolex sports stainless steel model) and are prepared to wait 10 years for a return a watch isn't a great investment.
I bought a used Rolex GMT II Coke in 2003 for £1,900 which could probably get me £3,500 as a trade in. But taking in inflation it's only just about kept level with a 30-day savings account.
As for Omega, well unless it's a limited edition collectors model (e.g. special; Moon watch, 'Spectre' watch) lit;s never going to go up in value.
I bought a used Rolex GMT II Coke in 2003 for £1,900 which could probably get me £3,500 as a trade in. But taking in inflation it's only just about kept level with a 30-day savings account.
As for Omega, well unless it's a limited edition collectors model (e.g. special; Moon watch, 'Spectre' watch) lit;s never going to go up in value.
eybic said:
I'm considering getting an Omega Seamaster or similar for around £2k, would this likely gain anything in value over the years? Or even lose value? (I'm planning on keeping it as a forever thing)
Does anyone have any other suggestions for around £2k? I don't want to buy and then in 6 months it to be worth half the price.
Thank you
If you're planning on keeping it forever, buy a watch you'll never tire of looking at regardless of its investment potential, or regardless of how much it'll be worth in 6 months time. Does anyone have any other suggestions for around £2k? I don't want to buy and then in 6 months it to be worth half the price.
Thank you
At this price level, sensible money goes on a pre-owned watch where the original owner took the biggest hit on depreciation, and then just enjoy the search.
The Surveyor said:
If you're planning on keeping it forever, buy a watch you'll never tire of looking at regardless of its investment potential, or regardless of how much it'll be worth in 6 months time.
At this price level, sensible money goes on a pre-owned watch where the original owner took the biggest hit on depreciation, and then just enjoy the search.
Sensible advice, makes sense. I just wanted to make sure that a Seamaster isn't considered a bad choice.At this price level, sensible money goes on a pre-owned watch where the original owner took the biggest hit on depreciation, and then just enjoy the search.
audidoody said:
I bought a used Rolex GMT II Coke in 2003 for £1,900 which could probably get me £3,500 as a trade in. But taking in inflation it's only just about kept level with a 30-day savings account.
Gosh, you must be a hard person to please... you have the pleasure of owning a GMT II Coke for 13 years, which you can enjoy every day and it gives you back, in terms of the cost, something equivalent to a good savings account. Bearing in mind most cars half in value every 3 years, I would call your experience with Rolex excellent.
It's been hinted at, but I don't think it's been spelt out.
Watches are not and are never likely to be a sensible investment.
Most will depreciate.
Some will not depreciate a too badly.
If you have a crystal ball, then you'll be able to buy the exact model of Romegalex that will be worth more than you paid for it in five years time - provided you're prepared to keep it in a safe in unworn condition.
Buy something you like. If you ever need to sell it, expect half you're original spend back. If you think you couldn't afford that hit, don't sell it, or buy a cheaper one.
It's just a watch, not a bond. Expect to wear it and enjoy it, don't expect an monetary asset.
Watches are not and are never likely to be a sensible investment.
Most will depreciate.
Some will not depreciate a too badly.
If you have a crystal ball, then you'll be able to buy the exact model of Romegalex that will be worth more than you paid for it in five years time - provided you're prepared to keep it in a safe in unworn condition.
Buy something you like. If you ever need to sell it, expect half you're original spend back. If you think you couldn't afford that hit, don't sell it, or buy a cheaper one.
It's just a watch, not a bond. Expect to wear it and enjoy it, don't expect an monetary asset.
i think it's a case of forget it. The trick to buying for investment is to buy something unusual or limited new, not buy something old that's worth £2k, because it's hardly going to all of a sudden jump up. The only older watches that will appreciate will already be far more than your budget. Omega isn't really the best marque to be looking at for investment, as has been said already. Now holding value is something else entirely - but you said investment so I am assuming you want to turn a profit.
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