Starting to lose my resolve
Discussion
When you look at the numbers of Rolex’s produced vs Omega, Breitling etc. you realise how widespread all this is.
I’m after a no date sub for my 40th in September. The AD, who I bought a Tudor from last year, has basically told me he gets 1 sub a month, and has over 10 enquiries a day for them. 12 months I’ve been asking, but it’s not looking likely.
Is the reality that my friendly dealer is really selling all his Rolex allocation to regular customers who he thinks are massive watch addicts buy are really flippers? Or is he in on the flipping? Interestingly I could buy an Omega immediately, and choose from the whole range in there.
I’m after a no date sub for my 40th in September. The AD, who I bought a Tudor from last year, has basically told me he gets 1 sub a month, and has over 10 enquiries a day for them. 12 months I’ve been asking, but it’s not looking likely.
Is the reality that my friendly dealer is really selling all his Rolex allocation to regular customers who he thinks are massive watch addicts buy are really flippers? Or is he in on the flipping? Interestingly I could buy an Omega immediately, and choose from the whole range in there.
Edited by panholio on Sunday 20th June 21:26
panholio said:
When you look at the numbers of Rolex’s produced vs Omega, Breitling etc. you realise how widespread all this is.
I’m after a no date sub for my 40th in September. The AD, who I bought a Tudor from last year, has basically told me he gets 1 sub a month, and has over 10 enquiries a day for them. 12 months I’ve been asking, but it’s not looking likely.
Is the reality that my friendly dealer is really selling all his Rolex allocation to regular customers who he thinks are massive watch addicts buy are really flippers? Or is he in on the flipping? Interestingly I could buy an Omega immediately, and choose from the whole range in there.
Certain Omega's are impossible to get hold of from an AD though it's not nearly as bad as Rolex. Try getting hold of a Speedmaster Snoopy, I have and I have a purchase history of Omega's with an AD and still can't get it. Retail price is around 8k. Chrono 24 price is north of £20k. I’m after a no date sub for my 40th in September. The AD, who I bought a Tudor from last year, has basically told me he gets 1 sub a month, and has over 10 enquiries a day for them. 12 months I’ve been asking, but it’s not looking likely.
Is the reality that my friendly dealer is really selling all his Rolex allocation to regular customers who he thinks are massive watch addicts buy are really flippers? Or is he in on the flipping? Interestingly I could buy an Omega immediately, and choose from the whole range in there.
Edited by panholio on Sunday 20th June 21:26
Jamescrs said:
panholio said:
When you look at the numbers of Rolex’s produced vs Omega, Breitling etc. you realise how widespread all this is.
I’m after a no date sub for my 40th in September. The AD, who I bought a Tudor from last year, has basically told me he gets 1 sub a month, and has over 10 enquiries a day for them. 12 months I’ve been asking, but it’s not looking likely.
Is the reality that my friendly dealer is really selling all his Rolex allocation to regular customers who he thinks are massive watch addicts buy are really flippers? Or is he in on the flipping? Interestingly I could buy an Omega immediately, and choose from the whole range in there.
Certain Omega's are impossible to get hold of from an AD though it's not nearly as bad as Rolex. Try getting hold of a Speedmaster Snoopy, I have and I have a purchase history of Omega's with an AD and still can't get it. Retail price is around 8k. Chrono 24 price is north of £20k. I’m after a no date sub for my 40th in September. The AD, who I bought a Tudor from last year, has basically told me he gets 1 sub a month, and has over 10 enquiries a day for them. 12 months I’ve been asking, but it’s not looking likely.
Is the reality that my friendly dealer is really selling all his Rolex allocation to regular customers who he thinks are massive watch addicts buy are really flippers? Or is he in on the flipping? Interestingly I could buy an Omega immediately, and choose from the whole range in there.
Edited by panholio on Sunday 20th June 21:26
blackrabbit said:
Yeah Omega going the same way now, not just Snoopy. People are waking up to what a nice range they have.
I’m not sure how much of the increased demand is due to Omega having nice products, or is due to the ‘Rolex effect’.With a significant portion of the Rolex range being unobtainable to someone who simply wants walk into a shop and buy a watch, it has caused other brands to be dragged up in value.
People who intended to buy a Rolex get cheesed off and frustrated, and decide to look at other brands instead, they like what they see, and make a purchase. This has driven sales of Omega, IWC, Breiting, TAG, Patek, Longines, Cartier, etc.
Omega (and the others) do have really nice products, and I have watched pretty much all brands creep upwards with respect to used values over these last few years.
Barchettaman said:
A rising tide floats all ships etc etc.
The prices of used (Bond) Seamaster Professional 300 has skyrocketed, just as an example.
There’s still plenty of value to be had in other Omegas though.
Yep.The prices of used (Bond) Seamaster Professional 300 has skyrocketed, just as an example.
There’s still plenty of value to be had in other Omegas though.
A friend of mine turned 40 recently and has never owned a premium watch before, but always fancied getting something.
Asked me for advice as he knew that I was 'into watches' and wanted advice on getting a 'steel Rolex gents dive watch', so essentially he wanted a Sub, GMT, Sea Dweller etc.
Firstly, I explained to him that he would have to buy used, as you can't simply walk into a Rolex dealer and buy the mass produced stainless steel watch of your choosing... which took some explaining.
I then explained that buying one used would mean spending around £10k, and by that point, he no longer wanted a Rolex. It was far more than he wanted to spend and he had no idea of prices. He assumed that you could go in a shop and treat yourself to a new one for around £6k, or get a used one for around £3-4k.
He went and bought a Seamaster 300 42mm with ceramic dial, brand new from Goldsmiths for £4400 and is extremely happy with it. Part of the fun for him was the walking into a shop and buying something brand new.
I've had a good look at the watch and it is stunning to be fair, and I would say really good value at £4400.
I’m not expecting or wanting any sympathy here but there is the other side of the problem.
My Nan died probably about 10 years ago and left me some money with the expressed instruction to use some of it for a watch. Went up to town and was going to get a Tag Monaco and there it was, a four line, no date, Rolex Submariner it was the year just before the ceramic version came out.
Anyway I bought it there and then for either £4200 or £4600 and got a discount on some jewellery i bought for the ex as they couldn’t give it me on the watch.
This watch is now worth about £9000 and while i love the watch, i love it at £4000 and a bit. I’m not sure i love it for £9000.
So keep thinking about swapping it for something that to me at least, is a true secondhand £9k watch like a JLC or similar. But then it wouldn’t feel the same.
So know i have this watch that i do still love because of what it represents, where i try to forget about the value but everytime the house insurance comes up, or i think about wearing it somewhere slightly dodgy, I wish it wasn’t a popular watch and that the value hadn’t gone up!
My Nan died probably about 10 years ago and left me some money with the expressed instruction to use some of it for a watch. Went up to town and was going to get a Tag Monaco and there it was, a four line, no date, Rolex Submariner it was the year just before the ceramic version came out.
Anyway I bought it there and then for either £4200 or £4600 and got a discount on some jewellery i bought for the ex as they couldn’t give it me on the watch.
This watch is now worth about £9000 and while i love the watch, i love it at £4000 and a bit. I’m not sure i love it for £9000.
So keep thinking about swapping it for something that to me at least, is a true secondhand £9k watch like a JLC or similar. But then it wouldn’t feel the same.
So know i have this watch that i do still love because of what it represents, where i try to forget about the value but everytime the house insurance comes up, or i think about wearing it somewhere slightly dodgy, I wish it wasn’t a popular watch and that the value hadn’t gone up!
Edited by Sheetmaself on Thursday 12th August 10:21
gregs656 said:
I think if you have a specific idea of what you want instead, go for it, you still have the story and the watch which is the result of it - just not the same one you started with.
This is the key point IMO - I have my grandfather's Omega which I could never sell, but what you have is something bought with money, not an actual object handed down. Your nan never seen the watch sadly, so there's less attachment to the object itself; it's the gesture mostlyBarchettaman said:
Keep the Sub.
Buy a Steinhart sub-u-like or similar and wear that instead.
That wouldn’t do anything for me. I’d want the watch to enjoy. Buy a Steinhart sub-u-like or similar and wear that instead.
FWIW last year I traded a Rolex which had sentimental value to me for something I would enjoy. It took me a few years to get there but no regrets at all.
Sheetmaself said:
That is the only thing stopping me from selling it. But the enjoyment of owning it is decreasing as the price goes up.
It’s not actually your nan or grandad’s watch though, she just wanted you to buy a watch, as long as you use the money to keep getting a watch I’d say that’s ok. What would she actually want A) You to enjoy it and B) You to get a watch you like
El stovey said:
Sheetmaself said:
That is the only thing stopping me from selling it. But the enjoyment of owning it is decreasing as the price goes up.
It’s not actually your nan or grandad’s watch though, she just wanted you to buy a watch, as long as you use the money to keep getting a watch I’d say that’s ok. What would she actually want A) You to enjoy it and B) You to get a watch you like
Interesting watch if you follow sellers like him on insta who sell to particular market - https://m.youtube.com/watch?v=EVuvymfjtAU
So an update. Introduced myself to my new local AD face to face (I moved house). Sub list closed, GMT list closed (exc Root Beer). I have registered interest for an EXP2 black dial, Yachtmaster 40 (either dial) and the Rootbeer.
Friend in the office next day had the new Sub (green bezel) I tried it on and it felt good but quite chunky (maybe the 21mm lug and 41mm case?). Anyway bored of waiting for one at RRP and can’t handle paying over for a product still in retail, so Watchfinder price matched a 2018 GMT 116710LN and I’ve bought it…done!!!
Friend in the office next day had the new Sub (green bezel) I tried it on and it felt good but quite chunky (maybe the 21mm lug and 41mm case?). Anyway bored of waiting for one at RRP and can’t handle paying over for a product still in retail, so Watchfinder price matched a 2018 GMT 116710LN and I’ve bought it…done!!!
Ed T said:
So an update. Introduced myself to my new local AD face to face (I moved house). Sub list closed, GMT list closed (exc Root Beer). I have registered interest for an EXP2 black dial, Yachtmaster 40 (either dial) and the Rootbeer.
Friend in the office next day had the new Sub (green bezel) I tried it on and it felt good but quite chunky (maybe the 21mm lug and 41mm case?). Anyway bored of waiting for one at RRP and can’t handle paying over for a product still in retail, so Watchfinder price matched a 2018 GMT 116710LN and I’ve bought it…done!!!
Great choice, would have that over a Sub all dayFriend in the office next day had the new Sub (green bezel) I tried it on and it felt good but quite chunky (maybe the 21mm lug and 41mm case?). Anyway bored of waiting for one at RRP and can’t handle paying over for a product still in retail, so Watchfinder price matched a 2018 GMT 116710LN and I’ve bought it…done!!!
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