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Dsmith1974 · 25 September 2018, 05:14 AM

I tried to sell a few Omegas on eBay recently (Planet Oceans) and was pretty underwhelmed with the market value.

I think my problem was that I paid RRP from an Omega Boutique but all the buyers assured me they could easy get 20 or 25 per cent discount from another store.

Is it true?

superdog · 25 September 2018, 05:19 AM

yes. it is a sad state, but paying retail is a losing game with Omega.

I only buy at the boutique. They take good care of me, but there is only so much they can do.

I do prefer buying there though, even at a loss. Because the peace of mind helps. AND, they have gotten me hard to get watches and take super care of me in a lot of ways.

Mr.WorldTimer · 25 September 2018, 11:56 AM

Quote:

Originally Posted by superdog

yes. it is a sad state, but paying retail is a losing game with Omega.

I only buy at the boutique. They take good care of me, but there is only so much they can do.

I do prefer buying there though, even at a loss. Because the peace of mind helps. AND, they have gotten me hard to get watches and take super care of me in a lot of ways.

Second this big time. However, I tend to mainly collect Speedmasters and with the way things are going, hardly any are losing money and even if so, nothing substantial. The level of service that Omega boutiques provide (at least my one) is second to none. Seriously very impressed!

jw0n · 25 September 2018, 12:59 PM

OB only gives me 5% while AD can give me 20%. Can't argue with discounts. Only problem is that Omega is culling ADs where I am.

Sal_UKSheffield · 26 September 2018, 07:07 AM

Quote:

Originally Posted by superdog

yes. it is a sad state, but paying retail is a losing game with Omega.

I only buy at the boutique. They take good care of me, but there is only so much they can do.

I do prefer buying there though, even at a loss. Because the peace of mind helps. AND, they have gotten me hard to get watches and take super care of me in a lot of ways.

Cheeky question but did you manage a discount on the new 300? I am expecting my AD to call soon, i was assured i would get one of the first. In the past the AD has offered me 25% off omegas but that was 2/3 years back.

I wonder todays market has affected omega discounts aswel, i guess i will find out soon enough

colonelpurple · 4 October 2018, 12:24 AM

All watches apart from some Rolex's and Patek's and a few others can be bought discounted.

The Richemont group spent $220mm last year buying back watches from dealers to prevent price crashing

The luxury watch market is over supplied and over hyped and the retail prices are mostly inflated

Buy what you like and plan to keep forever. Then you are never disappointed .....

WyoWatch · 4 October 2018, 01:02 AM

Yes, getting 25-30% off MSRP from an Omega AD is very easy to do. I've never paid any more than 25% off retail for an Omega and never had to go grey market to do it.

superdog · 4 October 2018, 02:31 AM

Quote:

Originally Posted by Sal_UKSheffield

Cheeky question but did you manage a discount on the new 300? I am expecting my AD to call soon, i was assured i would get one of the first. In the past the AD has offered me 25% off omegas but that was 2/3 years back.

I wonder todays market has affected omega discounts aswel, i guess i will find out soon enough

I have to admit, I did not even ask. I figure with it being as new as it is, I did not want to put them in a tough spot.

And then they offered me to take any of their leather goods at no cost. I got a really nice wallet and gave it to my office manager. Made her day.

ap1 · 4 October 2018, 03:46 AM

Quote:

Originally Posted by Sal_UKSheffield

Cheeky question but did you manage a discount on the new 300? I am expecting my AD to call soon, i was assured i would get one of the first. In the past the AD has offered me 25% off omegas but that was 2/3 years back.

I wonder todays market has affected omega discounts aswel, i guess i will find out soon enough

Best to agree on price b4 you agree to purchase

colonelpurple · 4 October 2018, 04:04 AM

Quote:

Originally Posted by WyoWatch

Yes, getting 25-30% off MSRP from an Omega AD is very easy to do. I've never paid any more than 25% off retail for an Omega and never had to go grey market to do it.

Not quite the same in the UK. 5-7% from central London dealers is all you will get, and not for new watches or ones that are moving, particularly with the foreign clientele willing to pay retail and claim VAT back at the airport.

From outer London possibly up to 10% if a watch is not moving. From importers from the EU you can sometimes get up to 15%. 20% or higher is reserved for watches that are simply not popular where stock has built up.

As the UK, due to the currency fall, is one of the, if not the cheapest places to currently buy watches, perhaps the discount level reflects that

chunkythebulldog · 4 October 2018, 05:09 PM

Quote:

Originally Posted by colonelpurple

Not quite the same in the UK. 5-7% from central London dealers is all you will get, and not for new watches or ones that are moving, particularly with the foreign clientele willing to pay retail and claim VAT back at the airport.

From outer London possibly up to 10% if a watch is not moving.

Can't comment on London as I don't know that market but you can quite easily get 20% off an Omega without trying. 30% if you have a good relationship with an AD. Most LE's expect to pay full price with some of the not so popular models discounted by 5%.

colonelpurple · 4 October 2018, 05:51 PM

Quote:

Originally Posted by chunkythebulldog

can't comment on london as i don't know that market but you can quite easily get 20% off an omega without trying. 30% if you have a good relationship with an ad. Most le's expect to pay full price with some of the not so popular models discounted by 5%.

le ?

+ can you recommend a jeweller up north :)

chunkythebulldog · 4 October 2018, 06:44 PM

Quote:

Originally Posted by colonelpurple

le ?

+ can you recommend a jeweller up north :)

LE = Limited Editions

Will send you a PM with contact details for a good AD

ratty · 5 October 2018, 01:02 AM

Quote:

Originally Posted by chunkythebulldog

LE = Limited Editions

Will send you a PM with contact details for a good AD

Could you send me the details as well please ?

Thanks

T01 · 5 October 2018, 01:23 AM

Minimum 20% off any Omega or I wouldn't buy.

colonelpurple · 5 October 2018, 03:06 AM

Very few watches are worth more then 50% the day after sale, many much less then that. I'd say Omega is better then most.
Anyone thinking that a watch is an investment are deluding themselves.
Even Rolex SS models resale are based on Rolex production and the Chinese economy. There is no shortage, just go into any second hand watch shop in London and they are loaded with subs and daytonas. Any economic downturn or change in fashion (in the 1980s bi-metal and yellow gold watches were cool!) and their value is toast

Therefore think of the discount as a money saving. Not a boost to resale

My 2 cents

chunkythebulldog · 5 October 2018, 03:52 AM

Quote:

Originally Posted by ratty

Could you send me the details as well please ?

Thanks

PM sent

25 September 2018, 05:14 AM	#1
Dsmith1974 "TRF" Member Join Date: Sep 2018 Real Name: Duncan Location: London Watch: DD 40 Posts: 2,262	Omega Discounts I tried to sell a few Omegas on eBay recently (Planet Oceans) and was pretty underwhelmed with the market value. I think my problem was that I paid RRP from an Omega Boutique but all the buyers assured me they could easy get 20 or 25 per cent discount from another store. Is it true?

25 September 2018, 05:19 AM	#2
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,693	yes. it is a sad state, but paying retail is a losing game with Omega. I only buy at the boutique. They take good care of me, but there is only so much they can do. I do prefer buying there though, even at a loss. Because the peace of mind helps. AND, they have gotten me hard to get watches and take super care of me in a lot of ways. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

25 September 2018, 12:59 PM	#4
jw0n "TRF" Member Join Date: Aug 2013 Real Name: Won Location: Asia Posts: 1,421	OB only gives me 5% while AD can give me 20%. Can't argue with discounts. Only problem is that Omega is culling ADs where I am. __________________ Instagram: @itsjw0n

4 October 2018, 12:24 AM	#6
colonelpurple 2024 Pledge Member Join Date: Jul 2017 Location: London Posts: 390	All watches apart from some Rolex's and Patek's and a few others can be bought discounted. The Richemont group spent $220mm last year buying back watches from dealers to prevent price crashing The luxury watch market is over supplied and over hyped and the retail prices are mostly inflated Buy what you like and plan to keep forever. Then you are never disappointed .....

4 October 2018, 01:02 AM	#7
WyoWatch "TRF" Member Join Date: Oct 2009 Real Name: Chad Location: USA Watch: 1675 GMT and Sub C Posts: 1,443	Yes, getting 25-30% off MSRP from an Omega AD is very easy to do. I've never paid any more than 25% off retail for an Omega and never had to go grey market to do it.

5 October 2018, 01:23 AM	#15
T01 "TRF" Member Join Date: Jan 2013 Real Name: T Location: AZ, NV, CA Posts: 6,481	Minimum 20% off any Omega or I wouldn't buy.

5 October 2018, 03:06 AM	#16
colonelpurple 2024 Pledge Member Join Date: Jul 2017 Location: London Posts: 390	Very few watches are worth more then 50% the day after sale, many much less then that. I'd say Omega is better then most. Anyone thinking that a watch is an investment are deluding themselves. Even Rolex SS models resale are based on Rolex production and the Chinese economy. There is no shortage, just go into any second hand watch shop in London and they are loaded with subs and daytonas. Any economic downturn or change in fashion (in the 1980s bi-metal and yellow gold watches were cool!) and their value is toast Therefore think of the discount as a money saving. Not a boost to resale My 2 cents

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