Omega and Patek Price Increase Coming

[LeBowl]

You could be right, I am on the wait for a 5712, so I know that went up, never checked the full model range.

Was just 5711A and 5712A

[ASD25]

Was just 5711A and 5712A

Thanks mate, didn't know it was just those. I would assume the aquanaut should experience something like that soon.

I just hope there are no more on the 5712 until after I take delivery! After that double digit increases are fine with me...

[LeBowl]

Thanks mate, didn't know it was just those. I would assume the aquanaut should experience something like that soon.

I just hope there are no more on the 5712 until after I take delivery! After that double digit increases are fine with me...

Is your expected delivery date before June 1st? I’m expecting an incoming anytime now but it won’t be the end of the world if it comes after June 1st

[ASD25]

Is your expected delivery date before June 1st? I’m expecting an incoming anytime now but it won’t be the end of the world if it comes after June 1st

After but yes as long as it's just 4% you can live with it

[P9CLY]

Don't have a Patek but great news re the Omegas going up.Makes my used seem a lot better value when I sell.

Lets have Rolex and Seiko keep up too......and the rest too hey.

[Speedy2254]

Fraser Hart in Maidstone had a Moonwatch in the window at £3520 on Thursday.

[robert75]

AFAIK, Omega discounts are not uncommon though not at Omega boutiques.

It was more a general statement really, I just dont understand these endless threads about price increases as though customers dont have a choice when it comes to buying. Just walk out the shop and dont buy if the price is too high why go and buy some overpriced Seiko presage because you cant buy/find the watch you want? It just doesnt make any sense.

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Fraser Hart in Maidstone had a Moonwatch in the window at £3520 on Thursday.

Is that cheap?

[Speedy2254]

It was more a general statement really, I just dont understand these endless threads about price increases as though customers dont have a choice when it comes to buying. Just walk out the shop and dont buy if the price is too high why go and buy some overpriced Seiko presage because you cant buy/find the watch you want? It just doesnt make any sense.

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Is that cheap?

They now seem to be at £3810. My Moonwatch was £3520 last August.

[robert75]

They now seem to be at £3810. My Moonwatch was £3520 last August.

Wow, were they not about £2800 three years ago?

[Speedy2254]

Wow, were they not about £2800 three years ago?

When I first looked at one, in 2008, they were £1600 & a no date sub was around £3000.

[GMC41]

Wow, were they not about £2800 three years ago?

£2,880 in 2015 but that was the pre big box version. The big box version started at about £3.4-£3.5k I think.


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[Mick P]

Don't have a Patek but great news re the Omegas going up.Makes my used seem a lot better value when I sell.

Lets have Rolex and Seiko keep up too......and the rest too hey.

Not sure if that was a bit of a joke but the reality is that you are more likely to buy another Omega because you will do so in the knowledge you are not buying a depreciating asset.

This stopping of a discount is the best thing that can happen to the watch trade.

[mtagrant]

Not sure if that was a bit of a joke but the reality is that you are more likely to buy another Omega because you will do so in the knowledge you are not buying a depreciating asset.

This stopping of a discount is the best thing that can happen to the watch trade.

Not when Omega also massively increase their prices over the past few years, as well as stop discounting. Certainly not good for customers anyway

[Mick P]

Not when Omega also massively increase their prices over the past few years, as well as stop discounting. Certainly not good for customers anyway

It is all down to profitability and you do that by keeping your existing customers happy and encouraging affluent newcomers into the market.

Those who don't like the price increases are not the sort of customers that a high brand company of any product wants.

[paskinner]

It is all down to profitability and you do that by keeping your existing customers happy and encouraging affluent newcomers into the market.

Those who don't like the price increases are not the sort of customers that a high brand company of any product wants.

The logic of that is the more you charge, the more you will sell...., but firms like Omega and Rolex are in the mass market. Even Rolex are careful in not over-doing price rises.
Neither of these companies sell primarily to wealthy people.
At some point the markets will go into reverse, it’s happened before and it will happen again; the interesting question is “when’. And that is anyone’s guess.

[Mick P]

The logic of that is the more you charge, the more you will sell...., but firms like Omega and Rolex are in the mass market. Even Rolex are careful in not over-doing price rises.
Neither of these companies sell primarily to wealthy people.
At some point the markets will go into reverse, it’s happened before and it will happen again; the interesting question is “when’. And that is anyone’s guess.

That is their choice and no one elses. One thing you do have to admit is that Rolex are past masters in the art of marketing and Omega are following them.

[robert75]

The logic of that is the more you charge, the more you will sell...., but firms like Omega and Rolex are in the mass market. Even Rolex are careful in not over-doing price rises.
Neither of these companies sell primarily to wealthy people.
At some point the markets will go into reverse, it’s happened before and it will happen again; the interesting question is “when’. And that is anyone’s guess.

It is interesting with all this Rolex talk on forums nobody seems to notice a grand price hike in under 2 years for a bog standard chronograph with little or no upgrades to it.

[robert75]

It is all down to profitability and you do that by keeping your existing customers happy and encouraging affluent newcomers into the market.

Those who don't like the price increases are not the sort of customers that a high brand company of any product wants.

Mugs who will pay whatever you price something at. Yes indeed, the perfect customer. I am sure every retail brand would like that kind of customer regardless of what they sell.