Omega vs. Rolex

Discussion in 'Classic Menswear' started by syracuse1976, May 24, 2007.

  1. syracuse1976

    syracuse1976 Senior member

    Messages:
    157
    Likes Received:
    0
    Joined:
    May 23, 2007
    Hello,

    I'm convinced Rolexes are overpriced and overrated. I own two Omegas, which I feel are unbeatable at the $2-5k price point. If money were no object, I would not buy Rolex, but Patek Phillipe.

    My opinion: Rolexes are about 20% more than they should be and are ubiquitous.
     


  2. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,830
    Likes Received:
    17,366
    Joined:
    Jun 9, 2005
    Location:
    New York
    My guess is that you would buy a Patek Philippe watch for the same reasons people buy Rolex. I hope you can see the irony
     


  3. Ambulance Chaser

    Ambulance Chaser Senior member

    Messages:
    9,830
    Likes Received:
    953
    Joined:
    Mar 7, 2002
    Location:
    Washington, D.C.
    [​IMG]

    I'm no fan of Rolex, but the market does not consider them overpriced. They do very, very well in both the primary and secondary markets.
     


  4. Otter91

    Otter91 Senior member

    Messages:
    137
    Likes Received:
    1
    Joined:
    Feb 27, 2007
    Location:
    Napa Valley, CA
    Hello,

    I'm convinced Rolexes are overpriced and overrated. I own two Omegas, which I feel are unbeatable at the $2-5k price point. If money were no object, I would not buy Rolex, but Patek Phillipe.

    My opinion: Rolexes are about 20% more than they should be and are ubiquitous.


    in my experience (I work in the jewelry industry) Rolex is the only watch that I have repeatedly seen people buy, wear for a few years, and sell for more than they bought it for. Often times to make this work, you will need to be buying preowned, however, there are not many bobbles out there with any kind of return on investment, let alone the possiblility of making money on it.
     


  5. JBZ

    JBZ Senior member

    Messages:
    2,281
    Likes Received:
    0
    Joined:
    Oct 14, 2003
    This thread will not end well.
     


  6. lakewolf

    lakewolf Senior member

    Messages:
    5,166
    Likes Received:
    7
    Joined:
    Jul 18, 2006
    Location:
    Zurich, Switzerland
    The three brands are overpriced, they are luxury items, so people pay for the exclusivity of it.

    That said I have to add to the equation the fact that those three watches are made in Geneva, Switzerland using highly specialized people in micro-mecanichs and a lot of hand work and painstakingly finishing details... that on a City were labor is very expensive... So the watches are not cheap to bulid.

    But anyway the biggest component in the cost is the prestige of the brand anyway
     


  7. syracuse1976

    syracuse1976 Senior member

    Messages:
    157
    Likes Received:
    0
    Joined:
    May 23, 2007
    Thanks for your feedback. All are good points. My favorite is the Aqua Terra, and it's served me well.
     


  8. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,830
    Likes Received:
    17,366
    Joined:
    Jun 9, 2005
    Location:
    New York
    That said I have to add to the equation the fact that those three watches are made in Geneva, Switzerland using highly specialized people in micro-mecanichs and a lot of hand work and painstakingly finishing details... that on a City were labor is very expensive... So the watches are not cheap to bulid.

    Omega watches are not made in Geneva but in Bienne (aka Biel).
     


  9. dave

    dave Senior member

    Messages:
    824
    Likes Received:
    7
    Joined:
    Jan 25, 2007
    if you check the market, Rolex is anything BUT overpriced. they give you a high quality, albeit rough and relatively unfinished, manufacture movement in every watch they make. and the oyster case design is a proven winner as well.

    in fact, i would say that rolex presents an overall value in the market today.

    try buying another sport watch at retail and then sell it for the same $$$ 6 months later when you realize it's boring.
     


  10. Tomasso

    Tomasso Senior member

    Messages:
    4,078
    Likes Received:
    7
    Joined:
    Mar 10, 2006
    Location:
    U.S.A.
    try buying another sport watch at retail and then sell it for the same $$$ 6 months later when you realize it's boring.

    [​IMG]
     


  11. Don Goldstein

    Don Goldstein Senior member

    Messages:
    139
    Likes Received:
    1
    Joined:
    Oct 4, 2006
    [​IMG]

    I'm no fan of Rolex, but the market does not consider them overpriced. They do very, very well in both the primary and secondary markets.


    This is exactly how I feel.
     


  12. kshah

    kshah Senior member

    Messages:
    188
    Likes Received:
    1
    Joined:
    Feb 9, 2007
    I was thinking of getting a JLC Reverso Duo, but I am unsure of the resale value against the standard, the two tone Submariner. From what I've gathered, they hold up well physically, and are relatively easy to liquidate.
     


  13. syracuse1976

    syracuse1976 Senior member

    Messages:
    157
    Likes Received:
    0
    Joined:
    May 23, 2007
    I'm not sure. They're beautiful though. I want a Vacheron Patrimony Chronometre.
     


  14. Teacher

    Teacher Senior member

    Messages:
    12,939
    Likes Received:
    459
    Joined:
    Apr 2, 2005
    Location:
    Grand Forks, ND, USA
    [​IMG]


    [​IMG]
     


  15. Ambulance Chaser

    Ambulance Chaser Senior member

    Messages:
    9,830
    Likes Received:
    953
    Joined:
    Mar 7, 2002
    Location:
    Washington, D.C.
    I was thinking of getting a JLC Reverso Duo, but I am unsure of the resale value against the standard, the two tone Submariner. From what I've gathered, they hold up well physically, and are relatively easy to liquidate.
    The Reverso Duo is a nice watch, but does not have particularly good resale value. Retail for the SS version on strap is over $5K, sells for low $3K on the secondary market.
     


Share This Page

Styleforum is proudly sponsored by