nasseriq
5352
It is illogical to apply logic to watch pricing. That’s my view after 50 years of collecting and making some very illogical decisions!
Why? I’ve been meaning to ask this question for a long time. If it’s inappropriate for the forum, please delete.
I’ve owned this humble, yet quite complicated (from complications 😏), Omega for many years. I like it very much mainly because of the smaller size (compared to the 42mm icon) and because it functions remarkably well. Every complication works flawlessly, i...
You pay for a hand-crafted masterpiece (Patek) versus a mass-produced, highly-engineered tool (Omega).
Both are excellent, but for fundamentally different reasons. Yes Patek does have modern facilities and machines... Hand-Finishing: Countless man-hours of hand-polishing and decorating parts you never see. Prestige & Exclusivity: Centuries of status as a t...
I have visited the PP factory at Plan-les-Ouates. Even got so see Henry Stern at his desk and shook his hand. And I got to pick up a PP I had there for service.
I still keep three PP, the rest I’ve sold.
I used to have that same model Speedmaster in the early 2000’s and enjoyed it very much
…that being said, if you ever get an opportunity to handle a Patek chronograph in comparison to this ETA based model Omega, you’ll understand immediately what the term ‘refinement’ means.
Makes no sense to me…
I certainly respect any opinions on incredible haute horological, but, it is not me…I appreciate that these are incredible machines, but, too me, I love the history behind watches, love the stories, etc. but, at the end of the day, love a vintage Rolex, l...
Just to throw out some numbers open to correction.
Omega 250 parts maybe 40-80 man hours. High complications Patek 1000 parts at least 2000 man hours probably more. One watchmaker. Is about 2200 hr a year. Just my guess.
My point is: 39 hours watchmaker on avg for PP, not 1000 or 2000.
For production and average retail price figures, I relied on the 2022 watch industry report by Morgan Stanley and LuxeConsult, data provided by brands, and published interviews with brand executives. Source: www.google.com
Agreed. I used an exaggerated number for the highest complications.
But relatively speaking 10hours at the low and 100 for complications is still 10x the cost. The links are broken to the pdf document so just as a teaser. Sky Moon Tourbillon Ref. 6002G Patek’s official release specifies: “The engraving of the case alone r...
Common question. Rolls Royce vs Hyundai... What justifies the Omega to cost multiples of a Tissot?
Perhaps you're asking the wrong question: Why is the Omega multiples the price of the Tissot? Rolls Royce car vs Hyundai car. Both have four tires, four doors, and get you from point A to B. But one is a work of art. And one is a mass produced object. The...
It doesn't make sense, no.
A lot of what you address includes the feeling that people have in their minds and on their wrists, along with marketing hype and illogical market pricing and manipulation. I am not an expert at all when it comes to finishing and number of parts and jewel...
There is no doubt, from a reliability perspective, Omega and Rolex will be better.
If I were shipwrecked on an island, I would want a Rolex over a grand complication Patek Philippe. A Ferrari is not going to be as reliable as a Toyota (although Ferrari would argue a Ferrari would be more reliable than a Toyota when both are driven extre...
Honestly I would not refer to an Omega as a Toyota…
Astronauts wore these watches on the outside of their space suits on the surface of the moon. A test I would remind you that Rolex failed. Furthermore Omega does also produce some extremely haute horology pieces. Nothing on Patek …their reputation speaks ...
Another person would argue a Ferrari and a Patek wouldn't be analogous neither.
First of all, perhaps you think I'm presenting Omega and Toyota as "lesser" products - I'm not downplaying Toyota nor Omega - they make fine products, I even own an Omega Moonwatch myself - and I have no intention of going to outer space. Second of all, i...
Well I’m loathe to admit it
but I do actually own a Toyota Tundra (🤦🏻♂️) for many of the same reasons I own an Omega (could easily afford a Range Rover but to be honest I would never EVER rely on one) having said that I also think there are differences as I would not attach the wor...
Hmm... I like the "Haute Horlogerie" label, but the "luxury" label means different things to different people.
I don't know why though... My friends who like Range Rovers keep on going back for the same punishment every 3-years for a lease on another Range Rover. They must still like the product overall and at the same time be gluttons for punishment! Toyota Tundr...
Extending that reasoning, you can contrast an RM11 to a Gshock.
Reasoning does not align with passion.
The delta between an Omega chronometer . . .
. . . and a three-handed Patek, which cost roughly the same in the post-War era, has diverged to the point where the price ratio is at least 1 : 3 now. Omega's book of business has always been oriented towards volume, Patek's towards exclusivity. My sense...
From an engineering standpoint I think Omega makes
perhaps the most reliable and accurate movements on the planet currently. They also provide as good or better service than any watch company in the world with Omegas production level. The market defines relative value (no different from the stock market) ...