Omega vs. Rolex

syracuse1976 · May 24, 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.

gdl203 · May 24, 2007

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

Ambulance Chaser · May 24, 2007

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.

Otter91 · May 24, 2007

Originally Posted by syracuse1976

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.

JBZ · May 24, 2007

This thread will not end well.

lakewolf · May 24, 2007

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

syracuse1976 · May 24, 2007

Thanks for your feedback. All are good points. My favorite is the Aqua Terra, and it's served me well.

gdl203 · May 24, 2007

Originally Posted by lakewolf

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).

dave · May 24, 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.

Tomasso · May 24, 2007

Originally Posted by dave

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

Don Goldstein · May 24, 2007

Originally Posted by Ambulance Chaser

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.

kshah · May 24, 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.

syracuse1976 · May 24, 2007

I'm not sure. They're beautiful though. I want a Vacheron Patrimony Chronometre.

Teacher · May 24, 2007

Ambulance Chaser · May 24, 2007

Originally Posted by kshah

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.

Omega vs. Rolex

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