Do Omega Watches Hold Their Value? Here's The Answer
An Omega watch accompanied Buzz Aldrin’s trip beyond our planet and up to the moon. One also abetted the Mariana Trench with its deep underwater expeditions. They have featured in international celebrations, being the official timekeepers for the Olympic games since 1932. And have been the preferred choice of watches for the British Royal Flying Corps, the U.S. Army, and NASA.
25th October 2022
An Omega watch accompanied Buzz Aldrin’s trip beyond our planet and up to the moon. One also abetted the Mariana Trench with its deep underwater expeditions. They have featured in international celebrations, being the official timekeepers for the Olympic games since 1932. And have been the preferred choice of watches for the British Royal Flying Corps, the U.S. Army, and NASA.
Is an Omega Watch a good investment?
With such a historic and revered role relating some of humanity’s most momentous achievements and prominent institutions, it is unsurprising that the Omega brand is among the most iconic luxury watch brands in the world.
To many, this is enough to regard an Omega watch as an extraordinary investment, as a remarkable piece of history and craftsmanship. But many potential buyers are also interested in the monetary value of investing in an Omega watch. This is, of course, a lot more complicated, with most watches depreciating in market value over time. However, there are examples of Omega timepieces retaining or even appreciating in value over time, depending on their specific model’s qualities.
Which are the best Omega models to invest in?
The Omega Speedmaster Professional is perhaps the most renowned Omega timepiece. After all, its loving nickname ‘Moonwatch’ comes from its very famous trip to the moon thanks to Buzz Aldrin.
It boasts of a staggering price of £6,430. This is owed not just to its rich history but also to its quality craftsmanship that maintains its modern feel.
This is certainly a wise investment as there will always be interested buyers and collectors eager to purchase a pre-owned Speedmaster Professional. This high demand ensures the watch generally possesses a sizable resale value and undoubtedly rivals the likes of Rolex and Patek Philippe which would start at a much higher retail price.
Looking into limited editions of Omega watches is another way to invest wisely. The first of these includes the Omega Speedmaster Professional ‘Snoopy’ limited edition. This quirky variation of the Moonwatch has an abundance of character and is beloved by collectors thanks to its rarity. It features the iconic cartoon dog, Snoopy, illustrated on both the caseback and the 9 o’clock subdial of the watch.
This added feature was developed in honour of the Snoopy Award which was granted to the Omega brand in celebration of their pioneering efforts during the Apollo 13 mission.
This Omega edition has, appropriately, skyrocketed in price. Where it once sold for a similar price to the original Speedmaster, it now holds a staggering worth of around £23k-£32k.
Another potentially lucrative investment within the Omega brand lies within its sports watches. The Omega Seamaster Professional sells for an impressive £5,000. This is due to the sophistication of its engineering, designed to meet its unique purpose of deep underwater exploration. It boasts of a helium release valve, 120 click ceramic bezel, and other iconic aesthetic features that give this timepiece that certain edge. This being its wave motif shown across the watch’s dial and the detailed skeleton hands that tick across its face.
Why do Omega watches hold their value?
Omega watches that hold their value mainly do so because of the reputation of the brand and model. Omega timepieces are praised within enthusiast circles for their relatability, performance, and characteristic look. They are also much more affordable than other luxury watch brands whilst still being examples of skilled craftsmanship, revolutionary technologies, and historical significance.
On top of this, Omega watches are also highly valued as personal belongings that are passed down as heirlooms through generations. Their long-life promises that the Omega watch is there to be enjoyed throughout the years.
Where are Omega watches manufactured?
The origin and production of Omega watches are without doubt part of the appeal for collectors. Its history dates back to 1848 when it was founded by Louis Brandt in the city of Bienne, Switzerland. Not only are its watches still manufactured there today, but Omega has a treasured place in the city’s identity. The company has even established its own museum there, which exhibits the rich history and meticulous production process of Omega watches.
How to sell your watch
If you are interested in selling your timepiece or even simply in learning more about the condition, history, and earning potential of your watch, Panache is here to help.
The professionals at Panache are skilled analysts who remain up to date with changes in the luxury watch industry and its resale market. Their expertise can provide you with the best personalised plan for you and your timepiece, ensuring you are fully informed and receive the most advantageous outcome for you.
Panache’s offices are located in the heart of Birmingham’s Jewellery Quarter. The site is dutifully monitored 24/7 so that each transaction is as safe as possible. After completing a simple valuation form, Panache will reach out to arrange an opportunity for you to convene at our premises. Following price discussions, payment will be made to your account in as little as 20 minutes.
Panache prides itself on delivering a safe, secure, stress-free, and reliable service, which is how the organisation has become such a trusted voice within the luxury watch-selling industry since its creation in 2015.
Sell your watch with Panache today!
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