Somehow, I can't get excited about this.
A nice enough watch but wouldn't pay retail ( forget over retail ) for it.
Much prefer CK2998 LE and this one might actually go that way eventually.
Snoopy it is not, IMO
Somehow, I can't get excited about this.
A nice enough watch but wouldn't pay retail ( forget over retail ) for it.
Much prefer CK2998 LE and this one might actually go that way eventually.
Snoopy it is not, IMO
There are enough differences between this and the CK2998 to suggest that it will be a very desirable watch longer term. Unlike the CK there is significant pent up demand globally to ensure prices hold well. Most importantly it's just a stunning Speedmaster!
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I sent Omega an e-mail, don't want to go and collect it - can you send it to my house. Response today, no problem, we will amend the details and someone will be in touch nearer the time.
At least it should stop ar**y ADs messing around with stickers and warranty cards etc.
I doubt it. What will happen there is that it initially goes to one of the original London ADs mentioned during the ordering process, Bond St etc and then they 'prepare' it for the customer by removing all the transport junk and then ship it up to you naked. The safest way to get one of these with stickers intact is to pop into your dealer on day it arrives and 'save them the bother' of de-stickering it. Omega are less stroppy than Rolex about this so they would probably just give it to you as is under those circs.
Last edited by Padders; 24th May 2017 at 13:27.
Given so many people are so desperate for this, and you seem rather ambivalent and already considering flipping options, why not just pass on your place* to someone who missed out and would really appreciate it far more / keep it long term?
*since Omega probably won't switch names, you could just arrange to pass it directly on, unopened, to that person after you take delivery
I cannot pass my place on to someone else, if I give my place up Omega will reallocate the watch. I have already promised it to someone on here if I don't want to keep it. You will have seen Ryan's posts yesterday, so the blue Moonphase is no longer an option.
I will wait until it arrives, but it is still not floating my boat.
It's a tricky subject as ts pretty much guaranteed to trade a fair sum over retail. It would be in the "spirit of the forum" but then what if that person then sells t on for a profit? i think with these watches it's abit more complicated...as ryan has mentioned before i have also been offered around the £7-8k mark for one so let's see how the market will pan out. I for one am planning to keep it however!
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Last edited by deepreddave; 24th May 2017 at 13:33.
I really don't like this iteration, so had no interest either at release or now, but I suspect many people signed up initially with all the forum hype, spurred on by the fact that there no requirement to put money down. It was just a fun, easy thing to do and I suspect many people who aren't even Speedmaster fans just got in on the rush because it's what people with a collectors mentality often do.
As the hype as built, and there is much talk of the value potentially sky-rocketing, I think many of those chancers now realise they have stumbled onto something valuable, and I reckon 75% of these will end up on the secondary market within 12 months.
No idea how that will affect values. I suspect there'll be an initial spike in value and then a drop off after 12-24 months when people realise it's a bit of a Frankenstein's monster... but of course I might end up eating my shoe when these are trading for >£10 24 months from now!
PS to be clear, I am not making any specific prods to anyone here! Just a general observation.
I currently plan on keeping mine but 8k is a good mark up so can see the attraction.
Not going to lie and not say I do have dark thoughts about moving the ST, SDc and Daytona on for a tidy profit all round to step into something a little more special, but then I love my two Rolex's and think the ST will just add to the collection.
I think the thing that is unusual here is that one could sign up for the watch "free of charge", and as such many chancers and profiteers would have done so because there was nothing lost on getting on ze list.
Had Omega taken advance payments, I think the popularity would be much less, and also many more would have gone to keeper-owners.
I must admit that when I read your comments, I could definitely feel something pushing into my ribs.
I agree that people may have been caught up in the hype on that morning. I myself received the e-mail direct from Omega as I am on their mailing lists then came on here to see what people were saying about it.
Having owned two Silver Snoopy's (paying heavily over RRP on both occasions), a Speedmaster 39mm Automatic (Reduced) and an Apollo XI 35th anniversary Panda I was curious about the ST and yes you are right, if I had been required to put a £2k deposit down that day I would not have committed.
Why make it a reverse panda, the original from 1978 was an all black dial, why not go the whole hog and make it a panda, that would have been much better in my opinion.
I will collect it when the time comes, see what I think of it and obviously make a decision based on what the market is doing.
You seem the be criticising the way Omega had handled this allowing people to dip their toe in for a bit of fun if they wanted to. It makes a nice change from the same members on here always being first on the list with a Ceramic Daytona or a SD43 getting theirs on day one and the rest of us being told to wait 7 to 10 years. If some of them missed out, then good.
Not digging at you WallaseyRunner.
PS, you never mentioned you owned a Silver Snoopy before ;-p
Thank you :)
Obviously the ST isn't in yet but after having a collection of six now down to the two I'm pretty content (if there's such i thing for us)
Do have a deposit down on an AP but supply is taking ages and keep looking at other options and thinking how happy I am with just the two Rolex's so back on the fence a little.
Also promised a black Daytona to pair with the white this year which I need to be mindful of and make sure I don't empty the watch fund (too much)
This won't though - it will just mean most will be immediately flipped causing a spike and a temporary shortage.
However, I agree with the sentiment re: "cultivating relationships".
I think Omega should simply have asked for a 20% deposit, and that would have immediately weeded out 95% of people who tried to log on that day to get their name on the list, whilst still "levelling the playing field" as you say.
Ha, I guess I do sound like someone bitter for having missed out, but no I genuinely don't like this one. I do like the applied logo (a "thing" of mine) but it's not something I personally would want to spend that sort of money on.
And have transformed from a cyclist to a runner these days :-)
I don't think 20% deposit would have put many people off - except it may have prevented people from putting down more than one reservation. Or more than two, as I've seen someone mention elsewhere...
I don't think it's reasonable to call someone buying a watch at a set RRP and selling it at any later point, at a price the market will then bear, a "chancer" or a "profiteer." The assumption seems to be that a "genuine," long term, Omega collector has more right to own this watch, released in this unique way. I don't see it.
However, obtaining multiple reservations, by means of using different e-mail addresses (for example) does in my opinion cross the line of underhandedness. I'm sure Omega will have measures in place to prevent that sort of behaviour; after all their e-mails do state; "We do not guarantee that the assigned or chosen limited edition number or any reserved watch will be available for sale." That's a nice get out clause.
It will be interesting to see whether Omega ever adopt precisely this means of release again, or whether they modify it, say by staggering releases to take account of different time zones. That might address some of the perceived unfairness about the process.
Please hurry with this SC is killing me at the moment 😅
Since when was selling a used watch below new prices a market disaster. Special editions that immediately rise in value should be a rare breed indeed. Slight fall in value for it being used should be the norm. To buy a new watch in the EXPECTATION that it should rise in value is in my opinion surely the wrong reason to buy a watch? No doubt others feel different and I'll hear about it but the irony of being disappointed at not making instant profit on a used watch is not lost on me. It smacks of profiteering by people who don't really want the watch in the first place. Sure some will buy it genuinely and find they don't bond with it etc but quick-buck-syndrome is a real malaise.
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I hear what you say and in normal circumstances you are absolutey correct. The point that I was making was that after Snoopy some people jumped on the bandwagon buying the next Speedmaster limited edition because they thought that it was a guaranteed winner and of course it wasn't.
I was talking about the financial implications for those considering moving their ST on quickly and rightly or wrongly some will.
Last edited by Wallasey Runner; 25th May 2017 at 22:05.
Yes and to be clear I wasn't having a go at you over it. It just irks when people with little or no love for watches smell a gravy train. I'm 100% sure that doesn't apply here in majority of cases, but in the industry as a whole it's becoming more rife year on year.
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But how do we stop it, you only have to read the threads on here about ADs withholding cards or removing stickers and people refusing to buy as a result. It is a tricky debate. I think the problem is that some of these tactics have been isolated ADs whilst others have carried on as normal.
Personally, I would welcome something announced from the likes of PP, Rolex, Omega and AP etc direct that for their desirable models their new rules would apply and all ADs worldwide would be obliged to comply. For those unhappy it would make the waiting lists shorter for the rest of us.
It's limited edition chaos out there. The real historical investment pieces weren't Ltd editions mostly, they just became classics over time. Sigh - it is what it is. I'd love a ck2998 but deliberately avoided it due to the madness surrounding it. Maybe in time I'll pick one up. No rush eh?
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My interest in the piece faded quite fast and my eyes moved onto other shiny things. My point stands re there being just too many Ltd editions. Still if it works for Omega why would they stop.
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When the dealers start selling at RRP you know that any bubble that may have existed has well and truly burst. Click on the link if you are still thinking about it...
https://www.vintagespeedmaster.com/p...dmaster-ck2998
I do agree with you that 2012 is also not that "limited" either. But I have seen watches around the 2000 mark do well, take the Panerai 390 for example. Traded above premium from day one and has continued to do so till today.
At the end of the day, the watch has to be attractive and "generally" the watch has been received very positively by many, including myself, I never owned a Speedie before but this one really ticks alot of boxes for me.
This could be a solution to the age old problem of the hunt is more enjoyable than the actual ownership - find watches for other people, then that would cut out having to buy and flip.
I could set up a business and call it Watch Finder - oh bu**er someone beat me to it
For me it's not about the money, it's about how much I like the watch, the design and love how it looks on the Nato.
It wouldn't bother me if I sold it for a loss at all, I want to enjoy a watch I like. Since owning a Speedy I just love the simplicity of them.
A heads up for those on the Speedy Tuesday list.
- You will get 30 days to pick up your watch once you are notified by email (Omega Forums post)
- Deliveries will start "very soon" in batches, so not all 2012 at once. Some low edition numbers first but depending on the QC process (Robert-Jan Broer post on Facebook)
^^^^ Cheers for the update!
Nice! Is it Omega or another make?
Just a generic one off eBay.
http://m.ebay.co.uk/itm/292026561515...96&_mwBanner=1
Seems decent enough quality though. Just need the watch to fit it to now!