Omega vs Rolex

[sportee]

by the way, my mum did sold off her flat at 280k which she paid just 18k in 1979... in this world nothing gets cheaper because of the betterment of life everyone pursue...

The price of real estate should not fall more than 90%, considering the cost to build one is more than 10% of the selling price. yesterday, today and going forward. even in the states, the foreclosures rampaging through the industry, they don't sell at that level. And yes, within a year, the STI had doubled... from 1400 to today's level of 2900 and keep in mind we did have a high of 3900 just a few years ago. historically, the index had always broken new highs... so the way to go is..... component stocks.

me toking too much too... wahahaha

back to the topic, still prefer rolex.... historically, prices had always been stable... history are lessons for us i guess... going forward, nothing to guage, only using history to look forward...

[sportee]

i do not deny the fact that inflation is a problem for any and every one, and also a good reason for pushing the natural prices of goods up.

while i'm no economist, i do not believe that if we used an "inflation calculator," the price of a 3 room flat would inflate to $280k today (even if you added in the cost of a 30 year loan at today's prevailing interest rates).

http://www.mas.gov.sg/eco_research/I...alculator.html

neither will inflation accurately account for the actual cost of a watch + periodical price increase because despite an increase in material and labor cost, it would seem logical that the cost of constructing a watch like a 16610 would actually decrease over time or follow a psuedo-bell curve due to a variety of reasons (to be touched on briefly later).

still, manufacturers are deliberately pricing luxury items higher and higher year after year as they know there is sufficient demand (quality notwithstanding).

in both cases, this is not just an issue of inflation but also market demands. (any lack of demand in any region/model will be handled by officially approved AD discounts - there is no reduction of the RRP)

will your mom's flat still cost $280k today if landed property prices fell by 50%? what if landed property prices fell by 90%? (eg, malaysia suddenly decides to peacefully and willingly cede its entire territory to singapore and move all malaysian citizens to the moon)

we cannot properly compare the luxury goods market to real estate (nor explain it in such terms). your mom's flat increased in price as there're probably no new flats to be built in the area (i'm not sure as i'm not a real estate researcher) and/or perhaps because available plots nearby (if any) will cost developers more now than in 1970.

as for your watch... there might be low demand for pre-2007 14060M in the last few years due to the release of COSC 14060M... OR there might be too many 14060Ms available on the preowned market. (i have no clue what is!)

as a corollary of the earlier mentioned, logic dictates that because 14060Ms are sold en masse and they sell well, and that they are (still) manufactured religiously by rolex geneva, it seems only apt that prices should DECREASE! (eg, economies of scale, high tech manufacturing techniques, and after a total recovery of tooling costs)

commodities/metals (or any type of market for that fact) cannot maintain a solely upward trend. yet how often do we see adjustments being made to the price tag of a luxury item printed/adjusted during a "boom year"?

what i DO know is, a brand new non-COSC 14060M from the AD will cost less in 2003 than in 2007.

just a friendly discussion. rolex rules!

maybe just sharing another examples which are daily consumers staples...

food and beverage: a cup of coffeee cost just 40 cents like 25 years ago, now its costing $1 at the food court near my office. a plate of carrot cake only cost 70 cents, today going for 2.50. simple question to ask: will the prices go back? never in history...

the stock market:

market is always in a bull run phase from day one... look at the long term chart of the dow. why? partly due to inflation...
how come companies failed along the way and the dow is still bull?
the dow compnents are change regularly and once the companies showed signs of failure, out it go from the index and in come new fresh blood that will continue to push the index into new highs...

[rh1667]

LOL..once still ok..

RSC destroyed my watch twice..both different watches.. a 14060m and a 16570.. both brought brand new and destroyed by them within 1 month after getting them..

Care to share what happen?
kinda of shocking to hear that.

[leslie]

personally, i had one bad experience with the singapore seiko SC (thong sia). i brought a semi-rare 10 year old kinetic GMT watch (titanium) to them to upgrade capacitor and service everything.

as i was not in the country, someone picked the watch up for me. the lady at the ground level counter threw my watch onto the table, then opened up the packet and asked if it was the correct watch.

when my friend complained, the lady's supervisor just laughed it off. TMD...

LOL..once still ok..

RSC destroyed my watch twice..both different watches.. a 14060m and a 16570.. both brought brand new and destroyed by them within 1 month after getting them..

[overcrash]

i do not deny the fact that inflation is a problem for any and every one, and also a good reason for pushing the natural prices of goods up.

while i'm no economist, i do not believe that if we used an "inflation calculator," the price of a 3 room flat would inflate to $280k today (even if you added in the cost of a 30 year loan at today's prevailing interest rates).

http://www.mas.gov.sg/eco_research/I...alculator.html

neither will inflation accurately account for the actual cost of a watch + periodical price increase because despite an increase in material and labor cost, it would seem logical that the cost of constructing a watch like a 16610 would actually decrease over time or follow a psuedo-bell curve due to a variety of reasons (to be touched on briefly later).

still, manufacturers are deliberately pricing luxury items higher and higher year after year as they know there is sufficient demand (quality notwithstanding).

in both cases, this is not just an issue of inflation but also market demands. (any lack of demand in any region/model will be handled by officially approved AD discounts - there is no reduction of the RRP)

will your mom's flat still cost $280k today if landed property prices fell by 50%? what if landed property prices fell by 90%? (eg, malaysia suddenly decides to peacefully and willingly cede its entire territory to singapore and move all malaysian citizens to the moon)

we cannot properly compare the luxury goods market to real estate (nor explain it in such terms). your mom's flat increased in price as there're probably no new flats to be built in the area (i'm not sure as i'm not a real estate researcher) and/or perhaps because available plots nearby (if any) will cost developers more now than in 1970.

as for your watch... there might be low demand for pre-2007 14060M in the last few years due to the release of COSC 14060M... OR there might be too many 14060Ms available on the preowned market. (i have no clue what is!)

as a corollary of the earlier mentioned, logic dictates that because 14060Ms are sold en masse and they sell well, and that they are (still) manufactured religiously by rolex geneva, it seems only apt that prices should DECREASE! (eg, economies of scale, high tech manufacturing techniques, and after a total recovery of tooling costs)

commodities/metals (or any type of market for that fact) cannot maintain a solely upward trend. yet how often do we see adjustments being made to the price tag of a luxury item printed/adjusted during a "boom year"?

what i DO know is, a brand new non-COSC 14060M from the AD will cost less in 2003 than in 2007.

just a friendly discussion. rolex rules!

good stuff! understand it and second it! but this is life and this is how the market works.

the power of marketing, branding and economics means that Rolex will be where it is years down the road, as long as the branding and marketing strategy remain focus on positioning where they are now and consumers' demographics and lifestyle do not change too much.

IF one day they ever decide to reposition the watch, then it might mean an end to Rolex. (cant see that day happening as long as i am alive)

but for me, a house is a house a watch is a watch.
One is a NECESSITY then other is a WANT, thus shld nv be compared in the same light.

unless i got the dough to buy a 2nd property, then by then i can compare both side by side as forms of investments. =)

as an aside: the next brand to watch is probably longines because over the last few years, swatch group has been pushing it to fill the void left by omega.

really? LONGINES is my first watch! and i love their design and the brand prestige! but seems like the salesmen that i talk to is brushing off the brand and no one really talk bout them in the forum... they aint good ?

[batamboy]

I seen the normal ploprof, $12000 for metal strap..wonder how much is the white version...PO liquid metal 42mm...was hoping a 45mm instead.. GG for $7200 NETT! Anyway, i targetting Daytona o Ceremic GMT now.. still undecided..

[HerzAusStahl]

i am waiting to try out the white ploprof!

love the white and orange! sweet dreams

[HerzAusStahl]

Bro Taxico, u r indeed humble n knowledgeable. U share many of your precious knowledge with us.. thanks 4 sharing anyway.. BTW guys, the 1st liquid metal PO arrived at Ion Omega boutique already!

$$$$$$

This is limited production? What's the damage?

[taxico]

BTW guys, the 1st liquid metal PO arrived at Ion Omega boutique already!

i am waiting to try out the white ploprof!

[batamboy]

Bro Taxico, u r indeed humble n knowledgeable. U share many of your precious knowledge with us.. thanks 4 sharing anyway.. BTW guys, the 1st liquid metal PO arrived at Ion Omega boutique already!

[HerzAusStahl]

i do not deny the fact that inflation is a problem for any and every one, and also a good reason for pushing the natural prices of goods up.

while i'm no economist, i do not believe that if we used an "inflation calculator," the price of a 3 room flat would inflate to $280k today (even if you added in the cost of a 30 year loan at today's prevailing interest rates).

http://www.mas.gov.sg/eco_research/I...alculator.html

neither will inflation accurately account for the actual cost of a watch + periodical price increase because despite an increase in material and labor cost, it would seem logical that the cost of constructing a watch like a 16610 would actually decrease over time or follow a psuedo-bell curve due to a variety of reasons (to be touched on briefly later).

still, manufacturers are deliberately pricing luxury items higher and higher year after year as they know there is sufficient demand (quality notwithstanding).

in both cases, this is not just an issue of inflation but also market demands. (any lack of demand in any region/model will be handled by officially approved AD discounts - there is no reduction of the RRP)

will your mom's flat still cost $280k today if landed property prices fell by 50%? what if landed property prices fell by 90%? (eg, malaysia suddenly decides to peacefully and willingly cede its entire territory to singapore and move all malaysian citizens to the moon)

we cannot properly compare the luxury goods market to real estate (nor explain it in such terms). your mom's flat increased in price as there're probably no new flats to be built in the area (i'm not sure as i'm not a real estate researcher) and/or perhaps because available plots nearby (if any) will cost developers more now than in 1970.

as for your watch... there might be low demand for pre-2007 14060M in the last few years due to the release of COSC 14060M... OR there might be too many 14060Ms available on the preowned market. (i have no clue what is!)

as a corollary of the earlier mentioned, logic dictates that because 14060Ms are sold en masse and they sell well, and that they are (still) manufactured religiously by rolex geneva, it seems only apt that prices should DECREASE! (eg, economies of scale, high tech manufacturing techniques, and after a total recovery of tooling costs)

commodities/metals (or any type of market for that fact) cannot maintain a solely upward trend. yet how often do we see adjustments being made to the price tag of a luxury item printed/adjusted during a "boom year"?

what i DO know is, a brand new non-COSC 14060M from the AD will cost less in 2003 than in 2007.

just a friendly discussion. rolex rules!

I am reading your post because I need something to put me to sleep. Just kidding

[taxico]

i think i've talked too much cock on this thread and i should stop it. all opinions expressed are that of my own and you should take whatever you want from it (or not).

as an aside: the next brand to watch is probably longines because over the last few years, swatch group has been pushing it to fill the void left by omega.

[taxico]

By the way, think the price of watches will keep increasing. That is basically economics; inflation.

A 3 room 30 years ago only cost S$18k and today, its worth S$280k. as long as its an asset, ie, gold, silver... the price will only keep increasing.

Thinking would it be possible to ask the technicians or workers at rolex to be paid based on the rates 30 years ago? don't think its possible.

so all in all, i still believe that price of all these luxury items will get more expensive as the days pass so as to maintained their status as "luxury" goods... anything is possible.

When i asked my mum, can she imagine that her flat which cost her only S$18k 30 years ago would be worth S$280k today? don't think she can comprehend, not even myself. that is like 15X increase.

lets be conservative and say maybe the prices of rolex will go up by 5 times in the coming 30 years (new watch) since they are increasing prices every year and this in turn will push up the prices on the resale mkt.

got my 14060M in 2003 for about 4k, today, pre own mkt is about the same price for the same watch.

i do not deny the fact that inflation is a problem for any and every one, and also a good reason for pushing the natural prices of goods up.

while i'm no economist, i do not believe that if we used an "inflation calculator," the price of a 3 room flat would inflate to $280k today (even if you added in the cost of a 30 year loan at today's prevailing interest rates).

http://www.mas.gov.sg/eco_research/I...alculator.html

neither will inflation accurately account for the actual cost of a watch + periodical price increase because despite an increase in material and labor cost, it would seem logical that the cost of constructing a watch like a 16610 would actually decrease over time or follow a psuedo-bell curve due to a variety of reasons (to be touched on briefly later).

still, manufacturers are deliberately pricing luxury items higher and higher year after year as they know there is sufficient demand (quality notwithstanding).

in both cases, this is not just an issue of inflation but also market demands. (any lack of demand in any region/model will be handled by officially approved AD discounts - there is no reduction of the RRP)

will your mom's flat still cost $280k today if landed property prices fell by 50%? what if landed property prices fell by 90%? (eg, malaysia suddenly decides to peacefully and willingly cede its entire territory to singapore and move all malaysian citizens to the moon)

we cannot properly compare the luxury goods market to real estate (nor explain it in such terms). your mom's flat increased in price as there're probably no new flats to be built in the area (i'm not sure as i'm not a real estate researcher) and/or perhaps because available plots nearby (if any) will cost developers more now than in 1970.

as for your watch... there might be low demand for pre-2007 14060M in the last few years due to the release of COSC 14060M... OR there might be too many 14060Ms available on the preowned market. (i have no clue what is!)

as a corollary of the earlier mentioned, logic dictates that because 14060Ms are sold en masse and they sell well, and that they are (still) manufactured religiously by rolex geneva, it seems only apt that prices should DECREASE! (eg, economies of scale, high tech manufacturing techniques, and after a total recovery of tooling costs)

commodities/metals (or any type of market for that fact) cannot maintain a solely upward trend. yet how often do we see adjustments being made to the price tag of a luxury item printed/adjusted during a "boom year"?

what i DO know is, a brand new non-COSC 14060M from the AD will cost less in 2003 than in 2007.

just a friendly discussion. rolex rules!

[HerzAusStahl]

my preference is still to wear my Omegas as I find the Omega bracelets much more solid and comfortable to wear.

TTGMTIIC,

I too prefer my speedy bracelet over oyster bracelet (I noticed both your rollies are sports), but jubilee over speedy. The jubilee sort of wraps better on my wrists and I can achieve a more comfortable fit (I'm a snug wearer, with preference for minimal slack).

Try a jubilee, you won't be disappointed

[HerzAusStahl]

Hello Bro,for past 50 years Rolex called the Day Date their flagship and "Leader's Watch" for the elite. I didn't invent the terms.

Nicknamed "President" because it was worn by WW2 Commander of all US forces and later 34th President of the US-Dwight D. Eisenhower.

see their latest website also state "The Day Date" "The Leader's Watch"
http://www.rolex.com/en#/rolex-watch.../introduction/

Bro, I love the Day-Date (if I only have one Rolex, it will be the platinum DD), have visited the Rolex website, and understand where they are positioning the DD.

Not sure what you make of this - the writing here is compelling, worth investing a little time to read, and may reframe what we commonly understand about DD history:
http://rolexblog.blogspot.com/2008/0...nt-part-1.html

Ok before this turns into a DD history thread