Correct!

True

Don't buy watches as an investment but if spending more than $5k you must at least consider value retention. If money is no object then just keep buying and never sell.

​@@terryl7749amen

Except the people that sold the watches in 2021

Well said Mr. Wallace - we all should gather on a crusade to get these guys out of business - this Rolex hype is all artificially created thanks to these grey market sellers! These guys are so weird and unreliable!

Yup, part of the group of greedy individuals who care nothing about watches or horology. I saw this happen to the sneaker market 20 plus years ago. This guy is destroying what used to be a fun and enjoyable hobby.

Him tell you how to retain value on your purchase and not lose money, but you still want to ignore his advice, than go ahead

You know what’s crazy is I do use a grey market dealer heee in USA. She’s sold me two omegas brand new at 30 percent off retail because she buys them at 40 percent off! But if you walk into the AD they’ll give you 10 percent maybe. Ads are part of this problem too

As someone who purchase an Omega from an AD, a Rolex on grey market, I can confirm the Rolex hype. I wear my Omega far more than the Rolex.

Or people with to much money so they throw some at expensive watches as a sort of investment or store of value kinda thing. Also easier if you need cash quick you can go sell your RM for discount and have half a million like that..

Banks are getting interested in sales results of luxury watches nowadays. Morgan Stanley's watch report identifies there are serious dollars in this multi billion dollar industry. Investment or not, it's no longer a weekend hobby. When eagles are watching, it means there's a decent meal to be had.

@@AMGWCLasshalf a million cash?

@@AMGWCLassbetter to store your wealth in the metals that most of them are made in like Gold bullion

Well the Rolex I bought 7 years ago has nearly tripled in value. Is that a bad investment?

You wouldn't sell your Omega because you'd lose 40 percent value. Been there done that. Never again.

​@@terryl7749i would rather give my child a rolex over omega when im dead

true

Exactly! Don’t buy a watch with the intention of selling it.

@@jumboJetPilot my end goal in this is to pass my collection down tbh.

He even said Rolex and Omega build quality are on different levels which is just blatantly untrue as well.

" The Honest Watch Dealer " LOL

@@permabear6025 exactly. Their quality is almost exactly the same. It’s brand recognition and value retention where Rolex is a step ahead.

@@nater1328 Agree. Rolex have a proven track history of building robust and reliable watches. They've survived harsh conditions of every kind, extreme heat to extreme cold. Been taken to the ends of Earth by explorers, scientists, adventurers and athletes. Survived being under seawater for over a year. Used to navigate longitude on a solo circumnavigation sailing expedition. What more do you need that an Omega is going to offer in any more superior form? Omega fanboys like to argue that co-axial chronometer is better. How is a more complicated and more expensive movement better for arguably the same accuracy? Just more expensive and time consuming to service.

@@terryl7749 Omega literally went to the moon. The fuck are you on about?

You’re quite right to disagree because he’s just blatantly lying regarding build quality difference. These wide boy grey market dealers make vast, vast majority of their money from flogging Rolex so they’ll always meatride the brand, same with Nico.

He sounds like any other asshat that doesn't know watches and only buys watches for "investment" value. To say they're 2 different levels is right... Omega is way better. You buy an Omega (Or even a Grand Seiko!) for yourself and you buy a Rolex to impress others.

So Mr Omega Fanboy, isn't it obvious that you never got a watch offered by Rolex AD lol?

@@varunparkash9007 I downsized my watch collection what included a GMT Master 2 - having now 3 watches - one cheap old watch I bought over 20yrs ago, a Tag F1 and a Omega Seamaster 300. The Omega is my favorite, come feel, come how it wears, the looks aso. I don't care about the financial value, and people who buy watches to flip are not owning a watch long enough to build up memory and attachment. Omega is superior to Rolex, all what Rolex has is better marketing and artificially making up that they rare - unless you smart and look at their sales figures then you notice they manufacture over a million pieces in a year. Also, don't forget, Rolex was founded by a sales person, not a watch maker.

@@ldorman No one who knows anything about luxury watches says Rolexes are rare, including Rolex themselves. It's simple supply and demand. Literally everyone knows or can easily find out that Rolex produces around 1 million watches a year (it's on their Wikipedia page, you don't have to be "smart" to see their sales history as you claim). The difference is that, although they make lots of watches annually, the demand for them is fierce and their supply is not enough to keep up with that demand. It will change one day, but for the time being, the insatiable demand is what keeps their prices high. Not the "rarity" as the Rolex haters love to claim.

Exactly well said. I wear my Omega everyday

I wear my Rolex everyday too. I use to wear a Speedy but sold it as it's become too common especially with MoonSwatches appearing on the scene. And I refuse to wear a Seamaster, as I don't want to endorse paying for James Bond marketing bullshit. Give me a Bond Submariner any day or even a Timothy Dalton era 16610 Sub is cooler than any Seamaster.

with Rolex you can have both.

@@scottyee707 but you have to wait like 3 years or so in a queue.

it’s just not. they are so much chunkier than rolex watches. rolexes fit like a glove

I agree I think omega offer a better range of models too.. from divers , to chronographs , dress watch’s . All sorts

‘Would’?

Have either of you actually bought an Omega yet?

Vintage Rolex are in better shape than vintage omega

@@AdamEve-ie3yr Rolex started as a cheap watch brand, should have stayed like that.

Uh no. NASA was looking for watches can handle the rigorous conditions un space. Most of us are not taking our watches to space.

Bullshit. NASA is a government agency and Rolex is a LUXURY BRAND. The government would not and cannot justify partnering with a luxury brand and spend double or triple what it would spend otherwise. That would be like saying the US military chose Propper over Louis Vuitton to make their uniforms. I highly doubt NASA ever considered Rolex to make anything for them.

The moon watch they took actually came apart while on the moon

Couldn't agree more

These are the kind of people who buy designer clothes just to return it after wearing it once to show off. Pathetic.

Couldn’t agree less

Precisely. I always find it funny when people try to justify if Rolex is better than omega 😂 The fact that it’s a question everyone is asking should answer the question lol

I'm a diver omega seamaster deep blue Ocean 600m deep water amazing this watch part my life I purchase this watch around seven thousand

The smart people (not you) will buy the submariner new and make 5k.

@@whereRbearsTeeth Update: Used 126610 price in Aug 2024 $12K. Brand new after Tax. $11K. Gross profit $1,000. and that's not considering the 6% commission selling platforms charge. So yeah... good luck with those 5K lol.

Exactly. Don’t know how anyone could feel safe walking round with one in this day and age.

Been wearing mine for close to a decade with no issues. It’s been everywhere.

Better? There's no proof. More innovative and definitely offer more variety. But stop this argument of who's better. Watch collecting use to be an enjoyable hobby. It's turned into a schoolyard of bullies. Reminds me of kids being beat up for wearing the wrong sneakers. Just stop it!!

​@@terryl7749 How about fit and finish? How about material used. Under macro's they are just (generally) done to a higher standard. That being said I know what you mean. These days it feels like a pissing contest. I just made the argument as I have heard from many Rolex owners that their brand is superior to other bases on status alone. I don't care either way and like both brands. 🙂

@@johanvandersandt8904 It's all because of social media that people make assumptions on what they hear rather than what they experience. I can only say collect what you like but don't follow trends & fashions. Follow your own path. Never judge a book by it's cover. I've owned 10 Omegas & 7 Rolexes. The wearing experience was completely different. I liked them both for different reasons and it depends on the model. For example I avoid Daytonas and Moon watches (too common). But I love the Explorer 2 and the vintage Speedmaster Mark 2. Both unloved in their own right but they have a great history behind them; without the media hype. The Mark 2 which was designed to replace the Moon watch but got rejected mostly due to NASA budget costs. The Rolex is more an aspirational purchase and a boy's own adventure story kind of watch if you read about the adventures they've been on. Like the Explorer 2 worn by Erling Kagge who wore it to summit Everest and to both solo expeditions of the North & South poles. And Ed Viesturs who also wore it on a majority of his expeditions to the 14 of the eight thousand meter mountain peaks. Mind you these were the days before GPS or mobile phones. The watch was a tool used to navigate. I own a vintage Explorer 2 from the same period. I also have the same reference Submariner as one that was accidentally lost in the Pacific Ocean by a fisherman, which was recovered more than one year later, still working with barnacles growing on it. Hate Rolex if you must and call them inferior in fit and finish but they will almost last a nuclear bomb. Actually there were two Volcanologists that died whilst researching a live volcano and the only remains of them found was a Datejust one was wearing! Then there's also the sailor, Sir Francis Chichester who solo circumnavigated the clipper route for 9 months in the 1960s with only the aid of a sextant and his Rolex Oyster Perpetual to navigate Longitude using the sun and stars. Does it get more reliable than that? I also hate to say it, but they retain their value. I've traded a lot of Omegas and lost money on all but one of them. Over 10 years that amounts to thousands of dollars. We don't like to talk money in this hobby but when you're spending tens of thousands of dollars, you start re-thinking what you should buy. If you only have one watch then that's fine, but as a collector it adds up. You've got to be naive not to think so.

@@terryl7749 It makes sense what you are saying and I wish to own some of those awesome watches one day so that I can see for myself! I have only owned one Rolex (day/date) and two Omegas(vintage constellation and a Seamaster.) and I enjoyed them both. Sadly you are right. They do hold their value better.Thank you for the amazing reply and have a great day!

Look at the co-axial chronometer George Daniels created for Omega and tell me the movement isn't better than Rolex. Because it is. I'm not saying Rolex is trash, I'm just saying Omega is better.

Same here. Only watch dealers are saying this crap. Every watch MAKER!! Will tell you a different story

I say omega 🥲🥲 but most people say O MEEGA

So don’t take advice from English speakers from outside North America?

Baloney. What makes an Omega better? Accuracy, robustness, marketing or prestige? I've also owned both but I always gravitate to wearing my Rolexes. The Omega has become a symbol of rebellion against Rolex and I don't want to associate myself with a bunch of haters with some sort of inferiority complex

@@terryl7749didn’t Rolex steal omegas Daytona design ? I’m pretty sure omega was the original creator of one of Rolex’s top seller ?

​@@terryl7749but you do want to associate with the absolute helmets and idiot social media influencers lapping them up only buying them because it says rolex and know nothing more about the watch. At least omega owners are knowledgable about watches and havent bought them just for the flex

@@terryl7749 Some people are just insecure. They need the "brand" to feel better

​@@terryl7749Amen! I have been the happy owner of Omega watches for a while. With that being said, Omega's fanboys are the worst...some have never owned an Omega watch in first place...🤣. I also have Rolex in my collection. Those are the ones that will go to my kids one day.

Excellent price you bought it in at! 👌🏻 Stunning watch, glad to hear you are going to keep it 🙌

💯

That’s a very nice watch, keep hold of that one 👌🏻

Ah thats a shame you took such a big hit, long term they should hold their value really well. But yes can't go wrong with Omega either as additions to your collection 👌

Unfortunately that is the case!

I am here Sir! Omega fanboy on this thread

@@MrCate1999 Good to meet you Sir. Would you care to explain to everyone in the Rolex fan club how the Omega Seamaster 300 is superior in every way to the Rolex Submariner whilst having a lower RRP and excellent availability in AD’s; and that Omega resale value are irrelevant because not even wild beasts could drag you away from your Omega let alone entertain the idea of selling it. 😂

Amazing way to look at it mate! Buy to wear and enjoy 👌🏻🙏

👌🏻🙏

Ah yes absolutely, they are incredible timepieces, if you are going for these it’s definitely best advised to go on the secondary market to save some money. Like you say if it’s to buy, wear and enjoy it doesn’t matter as much in the long run 👌🏻

Thanks for watching Michael, unfortunately this is the case for a lot brands - definitely ask for a discount from the AD if you can! 👌

@@thehonestwatchdealer agreed I just got a gmt root beer yesterday from AD I am thrilled

@@michaeldemarco899 Congratulations mate such a stunning model! Enjoy it 🙏

They are a great brand if you plan on wearing and enjoying them 👌🏻 Take for watching!