Are you a watch enthusiast wondering whether an Omega watch holds its value? The short answer is Yes. Like other luxury watches from Rolex and Cartier, Omega Seamaster and Speedmaster Professionals hold their value well.
From a limited edition timepiece to a dress watch made for the average consumer, Omega watches are highly sought after by collectors. While some do lose value and depreciate over time, most watches, especially under Omega brands, hold their value over time.
In this article, we will answer some of the common questions that watch enthusiasts have about the Omega brand and its watches. We will also discuss the different factors that affect the value of this Swiss watch brand and what models you should go for if you are investing in one.
What Are the Factors That Affect the Value of Omega Watches?
Now that you know that Omega watches hold value, it is better to understand different factors of value retention and appreciation
Supply and Demand
Arguably the basics of economics, which directly applies to the watch industry, supply, and demand is a factor that affects the value of every watch brand. The more popular a certain model is, the higher its resale value. A vintage watch that is hard to find compared to a recently announced, new watch from any brand will have more value. This is because there are fewer models available on the market.
Recommended Retail Prices
Omega watches also carry a higher resale value if they are sold at a high price point. The brand has been known to produce some of the most expensive watches on the market, which makes them more desirable to collectors. For example, the Omega Speedmaster Professional Moonwatch is often considered one of the most sought-after and iconic chronographs in history. Due to the model’s high quality and history, the watch can be sold for hundreds of thousands of dollars.
Reputation of the Brand
Just like in any other product, whether it is a car, a smartphone, or a watch, the reputation of the brand is one of the most crucial factors when it comes to determining its value. A well-known and respected brand will often cost more than an unknown and unproven one. This is because consumers are more likely to trust a product that they have heard about before than one whose quality they don’t know anything about yet.
Age and Condition
Yes, there are some collectors who will willingly pay for old watches regardless of their condition as long as the watch hold significant history. But that is not the case for every watch. Popular Omega watches, even if they are not in good condition, are still worth a lot of money. If you have an Omega watch that is more than 40 years old and has been serviced by an authorized dealer, it is likely worth quite a bit of money.
Rarity
Just like supply and demand, the rarer timepiece you have in hand, the more the value of a watch increases. In the case of Omega watches, there are several models that have become very rare over time because they were discontinued or replaced with newer models. If you have one of these watches, it is likely worth more than others that are available. For example, Omega Seamaster Co-Axial Chronometer Automatic Replica Watches are very popular among collectors, but there aren’t many in existence today. That means that the value of these watches is higher than most other Omega models, even for those that are newly released.
Popular Models from Omega Watches that are to Increase in Value Overtime
Now, to give you a heads-up, we’ve done our research on some Omega watches that hold their value considerably well and will continue to do so for years.
Omega Seamaster 300m “Spectre”
A limited edition Bond watch that was released in 2015, this model features a stainless steel case and bracelet, along with an orange 24-hour GMT hand. It comes in either a black or blue face for the dial, which is an appealing feature for collectors looking for something more unique than the standard black or white dials that are available on other Omega models. This model was released celebrating Daniel Craig’s Bond film named “Spectre”.
Omega Speedmaster Professional – “Alaska Project”
Another on our list of the most expensive Omega watches is the Omega Speedmaster Professional “Alaska Project”. This watch was released in 1998 to commemorate NASA’s 50th anniversary. It comes with a black and white face, which is accented by orange hands and accents that match the color of the 24-hour hand on the dial. This watch has been certified as an official NASA timepiece. The current pricing for this model is around $17,000 – $35,000.
If you want to make money, make sure to do your research and at least buy a model of this kind around the middle of the price range. The only problem is that most of them are sold out and you might have to wait for a while before you can get your hands on one.
First Omega in Space – Speedmaster CK2998
First introduced in Baselworld back in 2012, this model used to be part of the Speedmaster family of watches. It was the first watch worn in space by astronaut Wally Schirra during the Sigma 7 mission in October 1962. Wally Schirra was the only astronaut who wore an Omega Speedmaster on board of the Sigma 7 mission. This particular model is priced between $5,000 – $10,000.
Omega Speedmaster “Replica”
Of course, we will not end this list without mentioning the Omega Speedmaster Replica. This model is a complete remake of the first and original Omega Speedmaster that was introduced in 1957. It was released to celebrate the iconic chronograph’s 40th anniversary. With both modern and vintage designs, this particular model is a must-have for any Omega Speedmaster collector. The Omega Speedmaster Replica comes in several different variations and it is priced between $5,000 – $10,000.
Should I Go for a Pre-owned Luxury Watch?
There’s no surprise that many online sellers will try to sell you a pre-owned watch as if it’s brand new. But is this even worth it? Well, it depends on what kind of watch you are looking for. If you need a timepiece that will last for years and years, then yes – go for a pre-owned luxury watch. However, if you are only looking for something that can be worn during special occasions or simply just want a watch that looks good on your wrist, then we would recommend going with the latter option. While they provide good value, it won’t really make sense if you spend thousands of dollars on a pre-owned watch when you can get the same thing for half the price.
Things to Do When Buying An Omega Watch Brand from Second Hand Market
And now that you learn that a watch from Omega is a great investment, you are most likely to look for a second hand watch. There are several things that you need to consider when buying from the second-hand market.
Here are some:
Verify the Authenticity
Omega watches are often replicated, so it’s essential to verify the watch’s authenticity. Look for signs of counterfeit watches such as incorrect logos, fonts, and spelling errors. You can also have the watch’s authenticity verified by an authorized dealer or a reputable third-party service provider.
Check the Condition
The condition of a pre-owned Omega watch can significantly affect its value. Inspect the watch thoroughly for any signs of damage, wear and tear, or other defects. Look at the watch’s case, crystal, dial, and bracelet to ensure they are in good condition. Also, check the watch’s movement to ensure it’s functioning correctly.
Research the Model and its History
Before buying a pre-owned Omega watch, research the model and its history. Some models are more popular and sought-after than others, which can affect their price. Also, find out the watch’s production year and any unique features it may have. This information can help you make an informed decision and negotiate a fair price.
Negotiate the Price
Once you’ve inspected the watch and verified its authenticity, negotiate the price with the seller. Keep in mind that pre-owned Omega watches are often sold at a lower price than their original retail price. However, the watch’s condition, rarity, and history can significantly affect its value. Don’t be afraid to ask for a lower price or walk away if the seller’s asking price is too high.
Allot Extra Cash for Servicing Charge
While not all Omega watches require servicing, it’s best to budget extra money for this service. If you decide to buy a pre-owned Omega watch and have it serviced by the seller, be sure to ask how much the service costs and what they will cover before making payment.
FAQs
How to check if an Omega watch is genuine?
If you happen to fancy vintage omega watches and want to know how to check if an Omega watch is genuine, there are several ways to do so. The easiest way is to ask the seller for its serial number and enter it into a search engine like Google or Bing. If someone else has already submitted this number, you should be able to see what model of watch it’s from and whether or not it’s authentic. Another method involves taking your watch in for servicing at an official Omega retailer, who can then determine whether or not it’s real.
Do Omega watches come with a certificate of authenticity?
The certificate is given to those who purchase an Omega watch from an authorized retailer, and it’s important for two reasons. First, it helps you prove that the watch you own is authentic. Second, if your watch has been damaged or stolen and needs to be repaired, this certificate will help the repair technicians identify which parts were used so they can replace them with ones that are identical to those originally found on your watch.
Do Omega watches have resale value?
Yes. Like other luxury watch brands such as Cartier, Rolex, and Patek Philippe, Omega watches can be quite valuable. If you are planning to sell your watch in the future, it’s important to look for models that have a large resale value so that you can get more money for them when the time comes.
Conclusion
If you are looking to add something to your investment portfolio that is both fashionable and practical, Omega watches are one option that you should consider. They are known for their high quality and durability, which means that you can wear them for years without having to worry about their condition.
Make sure to purchase from a reputable dealer and do your research so that you know what to look for when selecting a model. Once you have purchased a watch, it’s important to take good care of it so that it can last for many years. With proper care, your watch should last for decades and perhaps even longer.
Leave a Reply