Pricing on used Omegas

[C0d]

Is it just me or pricing on popular models is going through the roof right now? I have been tracking some models I am interested in, AT 39, PO LM, PO 2500, 1863 Sapphire and have noticed that the prices are creeping up by the day.

Not only that they are actually moving very fast. I have tried to purchase 2 items on C24 and have failed both times becase the items had already sold.

I don't follow other brands closely but is this the commonplace throughout the watch market nowadays? We all know the Rolex story and is not even worth talking. But used Omegas are now selling for 5K-6K (CDN) rather very quickly. Those who frequent Canadian Forum are probably nodding at this post.

I think I might be priced out of Omegas very soon also

[gnuyork]

Strange times. I think anything in demand is holding or going up these days. Try finding a mountain bike or a Kayak (maybe it's better now, IDK, I haven't checked since the summer)... You would think with a pandemic economy it would be the opposite.

I'm glad I have the PO 2500. I never imagined it would increase in value (moot point because I will never sell it).

[C0d]

Originally Posted by gnuyork

Strange times. I think anything in demand is holding or going up these days. Try finding a mountain bike or a Kayak (maybe it's better now, IDK, I haven't checked since the summer)... You would think with a pandemic economy it would be the opposite.

I'm glad I have the PO 2500. I never imagined it would increase in value (moot point because I will never sell it).

I know what you mean exactly.

PO 2500 is crazy right now. 5K CDN for used beat up ones. A year ago, one dude was selling me his 8500 with spare strap for 4,000 CDN and I passed.

[AEC]

I wouldn't characterize Omega pricing as through the roof. There is some increase in demand and a reflection of that in market prices of pre-owned models that are popular. A change, yes, but it doesn't seem like a really big change from what I see.

[n3rd]

Prices will come down, like everything. Have you considered a moon watch? They’re a great value.

[C0d]

Originally Posted by n3rd

Prices will come down, like everything. Have you considered a moon watch? They’re a great value.

Are you really serious?

[Cassidy776]

Originally Posted by C0d

I know what you mean exactly.

PO 2500 is crazy right now. 5K CDN for used beat up ones. A year ago, one dude was selling me his 8500 with spare strap for 4,000 CDN and I passed.

Picked up this Classic Beauty PO 2500 in mint condition....some stickers were still on for $3000......there are deals still out there........

[FTX I]

Originally Posted by C0d

PO 2500 is crazy right now.

True. I have a friend who is interested on my classic PO and I went checking on chrono24. Big surprise.

[gnuyork]

Let me just add a pic

Amazing watch.

[gnuyork]

Originally Posted by Cassidy776

Picked up this Classic Beauty PO 2500 in mint condition....some stickers were still on for $3000......there are deals still out there........

That bezel edge looks different, is that a 3rd party replacement?

[C0d]

Originally Posted by gnuyork

That bezel edge looks different, is that a 3rd party replacement?

Umm good eye. Maybe heavily polished/resurfaced.

[mmaggi]

I guess it depends on the make, model and condition. Even if prices have increased it's really not an exaggerated increase.

[-dustin]

I've been after a 2500, orange numeral, black bezel for a little while. Seems they've gone up 20 - 25% over the past couple months.

[AEC]

Originally Posted by gnuyork

That bezel edge looks different, is that a 3rd party replacement?

There were different bezels on the two different sizes of first-generation Planet Ocean models: the 42mm watch had squared-off knurling, while the 46mm model had the scalloped/pointed knurling as shown in the owner's photos.

[gnuyork]

Originally Posted by AEC

There were different bezels on the two different sizes of first-generation Planet Ocean models: the 42mm watch had squared-off knurling, while the 46mm model had the scalloped/pointed knurling as shown in the owner's photos.

Ah, I did not know that.

[1William]

I follow Omega on the TRF platform and through our Trusted Sellers and have noticed an increase in price on most modern models. Not by a lot but easily several hundred to short of a thousand dollars on the Sea Masters and the variations of the Speed Master. There are a lot of these watches out there though and I think it will drop back as soon as some of the hype of the new Speed Master calms down. I still think Omega is a great value compared to Rolex and will add a few examples this year to my collection.

[n3rd]

Originally Posted by C0d

Are you really serious?

Yes, why wouldn't I be?

[samson66]

I've really noticed a jump in price on the hotter pre-owned models lately. I'm glad I picked up my white smp 300m when I did because I would be paying ~$1K more if I waited.

[Stevec14]

Originally Posted by samson66

I've really noticed a jump in price on the hotter pre-owned models lately. I'm glad I picked up my white smp 300m when I did because I would be paying ~$1K more if I waited.

Yep, they’ve definitely gone up but also have risen as recent price rises have gone through. I think the 1861 speedy and the Seamaster have always been terrific value and more people are starting to see that.

Prices for models such as the Apollo 8 and NTTD also seem to be holding up well, which may not have happened in the past.

[SPMN]

Global banks are stimulating the economy right now. Not shocking at all that those who are best positioned to take advantage of the extra capital are driving up the price of luxury goods. Looks like Omega is going to take over the old Rolex market, and maybe Tudor will take over Omega's old spot?

[C0d]

Originally Posted by SPMN

Global banks are stimulating the economy right now. Not shocking at all that those who are best positioned to take advantage of the extra capital are driving up the price of luxury goods. Looks like Omega is going to take over the old Rolex market, and maybe Tudor will take over Omega's old spot?

Seems like Tudor is creeping in there, Bretiling also. I think Omega is gonna jack up prices on newer watches also.