I was told the same by an AD for Rolex. It's is usually just a load of wind.
Was in the OB at Trafford Centre Manchester last night looking at the various iterations of the Seamaster 300.
Was going to ponder a while but was advised that a 5% increase will happen on the 1st October.
Chose the blue dial on the bracelet and negotiated a FOC blue rubber strap.
Anyone considering a Omega might want to buy before the price hike.
I was told the same by an AD for Rolex. It's is usually just a load of wind.
Was told the same at an omega boutique in London mid week. 5% increase across all watches. Third increase this year apparently but other increases were line specific.
Rolex will be next.
A £4K Moonwatch makes the £2800 I paid last August seem a very good deal.
I heard even customers on waiting lists will pay the 5% even though they placed their request before October 1st
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I was priced out after the did away with the Seamaster 120m quarts long ago.
Price now for a decent size Omega is way beyond regular folk now....
Had it confirmed as well from a trusted source. 5% it is.
That’ll be the second increase this year then. They put 5% on just as I was buying my Speedy in June.
Is this Omega moving "up market," the financial/political situation or a bit of both?
Yeah I have heard the same. Seems consistent and not a surprise really as watches in the UK have been cheaper than elsewhere for a while.
I mean there is a £600 difference on an Apollo 8 for example between an UK one versus EU.
Picked up a Speedmaster last week and was told the same. Price rise coming soon.
What will that do to the secondary speedmaster market 🤨
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Glad I bought my latest one when I did - as already mentioned, that will be the second increase this year.
And, as already mentioned, it's certainly not Omega's fault.....
Have the days of ADs offering 20-25% discount on Omega’s long gone? Its been quite a while since i enquired about an omega.
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And I've just remembered - my fiancé persuaded the manager to throw a bottle of the Aqua Terra EDT into the deal!
The moonwatch was £1600 in 2008 when I bought mine, now it's £3810, a 138% rise!
A sub date has gone from £3050 to £6950 which is 127% so maybe it's just the Swiss watch mafia.
Neither my salary or even my house have gone up like that in 11 years...
I’m not so sure. The people that buy luxury watches can afford them and interest rates going up is beneficial to someone not borrowing. Luxury watch prices kept going up in the crash of 2007.
I think the correction happens when the trend for mechanicals as a desirable purchase dies off. A few years ago, I thought smart watches might do this, but it seems that hasn’t happened yet because they are still an accessory to a mobile phone rather than an essential piece of tech that you have to wear.
Sit back and graze on popcorn.
Real fun - if there is nothing more fundamental in the meantime like an (every) economy imploding under too much debt will be 3 to 4 years time when a lot of watches will need £600-£2000 for servicing.
Major shake-up for everyone. Manu's/AD not selling, people not servicing their watches, lot of x-hand gear on the market needing a service.....boomf!
Next few years will make the quartz crisis look like a picnic. Corrections abound
I know more people (in real life, not including TZ) with Rolex and Omega watches on finance (via store or 0% credit card) than I do who own outright.
The most recent purchase someone I know made was a ceramic Seamaster about 3 months ago and the quote is roughly "they couldn't discount anything off the watch but they could do 0% so I did that instead. By the time I pay it off it'll be worth more anyway".
Some rude awakenings due imo.
Thinking people with posh watches are liquid is like thinking people in half decent BMWs and Mercs are liquid. Most times it's all on the never never.
Mark my words, one fine day the arrogance of greedy AD’s will come back to royally bite them in the arse when they look around for their regular customer base and realise it has gone!
Great,the used ones can go up a little too.
Used to get 15%-20% at Manchester OB - x 2 Planet Oceans and Aqua Terra...
Now as in 2 weeks ago negotiated a FOC leather strap and deployment on a Speedmaster Racing and yesterday a pin buckle and rubber strap on a Seamaster 300.
This represents approx 7% , so at least some concession.
I bought my first Moonwatch from a ‘grey import’ seller in 2004 for £860, admittedly after a bit of strong haggling. It had been supplied by an Italian AD and was complete with stickers and the card stamped and dated a couple of weeks prior to my purchase. At that time he had at least 2 Moonwatches and a couple of Submariners with hefty savings.
I've just bought Speedmaster Moon Watch Sapphire Sandwich and got 9% discount plus free Seamaster adjustable clasp and 1 end link.
I feel that I could have got up to 13% off without the clasp and end link.
Best
Mark
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This one is factual. Another Omega increase on 1st October.
Last edited by j111dja; 24th September 2019 at 20:47.
The 5% price increase does now appear to have kicked in
Some retailers put the increase on immediately at 00.01 hrs on the 1st Oct but a few have still not brought it in and maybe hoping to pick up some extra business by holding off the increase unlike their competitors.
Tough market for Watch AD’s at the moment and I suppose any edge they can give themselves in getting deals done is of benefit.
Trouble is, having bought and owned a few Rolex 1406OM’s brand new for £1500, and moonwatches for £1600, in my mind that’s what they are actually ‘worth’ and I can’t help but laugh at the crazy amounts they now command covered in a scratches and ‘wabi sabi’. They were nice, but clearly not that nice as I got bored and sold them for close to their new cost after a couple of years wear - and now they are somehow ‘grail’ watches. Not long ago they were watches, not appreciating assets - and a full Rolex service was £245. Can’t be bothered with either brand now they’ve gone bananas, I had their best watches at cheap prices brand new and scratched the itch, thank goodness! And trust me - I don’t miss them at all
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Would agree with Rob here.
Was lucky enough to be in the position many years ago and since too pick up the Speedy, 14060, 16520, Lv etc etc but was very happy to part with them for nice profits after scratching the itch.
When you have bought at pre bubble hype prices it is difficult to comprehend the asking prices within the Secondary market and even the manufacturers RRP now and what is clearly over inflated but buyers are further fuelling the bubble in paying the ridiculous sums.
I probably knew when I was cashing out that with the trajectory of the market I would not be able to buy those same pieces at the same prices I bought them at but to be honest I was more than happy to bank the profit and will only buy now if the value dictates rather than the market dictating.
Last edited by Flasher; 2nd October 2019 at 23:17. Reason: Error