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Speedmaster or IWC

Watch_Fan

Hi all, new to boards and also relatively new to the watch game. Have been looking to mark an occasion for a while and have narrowed my choice down to two watches. IWC 377717 the Speedmaster ending in 002. I probably like the speedy more. However, I was looking at the 2020 one originally but now gone in weirs and keanes. 2021 is over 20% more expensive. I know there is a new bracelet and movement, do you guys think that justifies the hike in the price?

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Fitz II

https://www.boards.ie/discussion/comment/117722715#Comment_117722715

I have reread you post carefully and would say the following.

"Go IWC. I wear an Aquatimer and love it..." - Great thats a nice enough watch, but the volunteering of that information kinda tells its own story. Its an esoteric piece.

"If you want to buy a watch that you can talk about its value or how it's an investment... Just buy whatever Rolex you can get your hands on." - there are a lot of Rolex that dont hold value, there are a lot of models in other brands that are better value retainers. Also there is the question of buying second hand so some other sucker took the depreciation. A bit passive aggressive there and a bit naïve.

"If you want a watch that you enjoy wearing and don't care about the value, buy a watch that you like..." - I enjoying wearing all my watches but also care about the value? Its great to buy what you like, but I dont know of many people that buy watches they dont like to be honest, so I never really know what this is supposed to mean except as an excuse to buy easy to get watches and avoid discussion of their downsides. And look if it bring more people into the hobby thats great. But nothing puts people off watches than buying say a new Seamaster at retail and finding out a year laters if worth half. I have been able to experiance so many watches without any financial penalty thus far by being a bit careful, hedging bets and trading up.

As 893bet says it depends on weather you are a "one and done" watch person or have a collection of watches. If you are one and done having a more classic watch, a more desirable watch is the way to go (remember strong residual values is a indicator of how desirable the watch is on the market) and you can use this as a proxy to judge if the watch you like is one people are happy with in the long term. The assumption that your own taste at that point in time is all you need to be happy is again a bit naive. I never sold a watch I didn't at one point like. Nor do I only sell watches I dislike now. Its a journey.

"BTW, if you need to worry about the future value of a watch, then you can't afford it... Buy something in your price range"

Eh thats not really true, and you are saying people worry? No they dont...its a consideration not a worry. If you dont consider it as part of your purchase thinking you are a fool. If you are buying stuff nobody wants anyway you have to dig deep into the "buy what you like" smooth part of your brain to justify the spend.

I could make an equally facetious statement of "if you dont worry about future value you need to man up and buy a more expensive watch". A famous internet youtuber once said about buying a watch "its got to hurt" and you will value more something that you worked hard for, and when you have worked hard for something you care about its worth. The point of pain if different for different people.

I dont care on a day to day basis about the value of my home (or car), I dont worry about it, but it is a consideration as I am not short-sighted enough to think I would never possibly move, or need to liquidate in an emergency or consider the inheritance of the asset.

I think to avoid all the snarky comments and assumptions about other people's motives and finances we should replace the term "residual/resale value" with "future desirability". Future desirability is something I think everyone can agree is a good thing to have, something of value, and the lack of it is something to ponder carefully.

Bluefoam

https://www.boards.ie/discussion/comment/117722050#Comment_117722050

You need to pay attention to what I actually said...

893bet

https://www.boards.ie/discussion/comment/117721529#Comment_117721529

It’s frustrating that you can edit the post you are quoting!

To your last point re if you worry about the value of the watch you are buying you can’t afford it. That’s rubbish. Sure. If you are buying a single forever watch then yeah, value is unimportant, pick your forever watch and enjoy it.

But most forum users like here all have more than one watch. And like to change regularly. Residual value is an important aspect for most people whose resources are limited.

Bluefoam

Go IWC. I wear an Aquatimer and love it...

If you want to buy a watch that you can talk about its value or how it's an investment... Just buy whatever Rolex you can get your hands on.

If you want a watch that you enjoy wearing and don't care about the value, buy a watch that you like...

BTW, if you need to worry about the future value of a watch, then you can't afford it... Buy something in your price range

Wibbs

Just speaking as a vintage type, what I notice about the Speedy(well the last iteration, haven't seen the latest in the flesh) is that it's one of the most "vintage" feeling of modern new watches. That includes vintage style reissues by outfits like Longines that don't feel anything like their originals. The trend of mainstream watches over the last say twenty years has been to increase heft for want of a better word, at first by ramping up the sizes and more latterly by increasing the weight. Something like the Submariner has gone up in both. On the other hand the Speedy(at least the "generic" one) is pretty much identical to a early 70's one(the head anyway, as bracelets across the board were generally more flimsy back then). The Seamaster is much more of a "modern" watch in feel and fit and finish. The dials are streets ahead of Rolex for example, though the bracelets are lacking by comparison. Rolex have one of the best bracelets out there. They've really upped their game there as not so long ago they were one of the worst at the pricepoint.

The other thing with the Speedy, though it's nearly as in play with Rolex, is that they're very much "flipper" watches. Bought and held onto for a time and then sold on. If buying used then you won't lose much, though again the Rolex will keep or even increase its value in the current market which is also a flippers market in many ways. There are more people wearing them as investments and the need to keep the "new" in circulation in their lineups can also be in play too.

scwazrh

unkel wrote: »

I like the Omegas, have owned a speedmaster and two seamasters, but for me they are more in the mid range / entry level luxury watch market. A significant step below Rolex on all fronts that count

I have a speedmaster and would put it at entry level luxury as well . I bought a seamaster 300m diver today so hoping the quality of it is a bit higher than the speedie .

Cyclingtourist

ROLEX!!!!! :rolleyes:

unkel

€6k for the previous model speedmaster and €7k for the current one? Insane. Agree with Fitz II there, that's entry level Rolex money. A lot more watch for your money.

I like the Omegas, have owned a speedmaster and two seamasters, but for me they are more in the mid range / entry level luxury watch market. A significant step below Rolex on all fronts that count

Fitz II

micks_address wrote: »

From a resale value POV can’t argue with that

Forget that, they are more robust, better movements, automatic waterproof and better bracelets. After that resale value and better brand. Harder to get and more in demand. Probably squeek out a datejust for that budget too....which is good as the new speedy has a jubilee vibe.

micks_address

Fitz II wrote: »

Just to throw a spanner in the work, you are now mostly in Airking and Milgauss money, and having owned every watch mentioned on here so far, A Rolex as a first luxury watch knocks the lard out of Omega and IWC.

From a resale value POV can’t argue with that

Fitz II

Just to throw a spanner in the work, you are now mostly in Airking and Milgauss money, and having owned every watch mentioned on here so far, A Rolex as a first luxury watch knocks the lard out of Omega and IWC.

893bet

A discount on the new version? How much?

Not heard too much about that. Forum talk seems to be discounts on the SM had dried up. Best not say where as you might mess it up for yourself.

Watch_Fan

Thanks for all the replies. Always learning. I think I will go wirh the 2021 Speedy. Definitely a value in the new movement, bracelet etc but it is quite a jump. Getting a bit if a discount from AD so makes it that bit better. I did like the 2020 also but gone now from both ADs. Did find the 2020 bracelet a bit more 'industrial' (no offence to anyone with one).

First luxury watch so wanted to buy new this time but enjoying this new hobby.

micks_address

For some reason the saphire on the speedy doesn’t do it for me. The reflections on the hesalite are cool

Cyclingtourist

The OP expressed a preference for the Speedy over the IWC and seem to indicate that he was thinking of buying from an Irish AD, this is what framed my answer suggesting that he should go with the speedy. I do think the price increase is justified by the improved movement and bracelet whether you think the watch is worth what they're asking is another matter and some people decide a watches worth based on what they are likely to get for it in a years time if they go to sell it. I tend more to asses 'worth' comparing to the cost of a similar watch in the same market, AD, grey or pre-owned.

They had a pre-2021 sapphire sandwich in Keanes Cork three weeks ago asking €k5.9 (think it was €k7.2 for the 2021 equivalent), if that's now gone I'm sure another one could be bought somewhere else online for around the same price.

micks_address

i would just add i think you'll be paying close to 4k for a speedy pro hesalite with box and cards these days... secondhand..

Fitz II

I currently have the LPP IWC and had the Speedmaster. I didnt think the Speedmaster was worth keeping when it owed me €2600 they are a bit dull. The IWC is a really nice watch but very big. If you are interested I would be made part with mine for a significant discount from retail.

banie01

I agree with 893 on this.
The new speedie is an exercise in price gouging, driven by the market rather than by value propositions.

Now I'll caveat that by saying I've not owned one, new or old

But if I was in the market, I'd be buying 2nd hand rather than new.
I do have an IWC, a 3878 that was a 2nd hand purchase and I love it.
The Speedy is a classic that you will be able to move on should you ever choose to.
That said, try and find somewhere you can try on what you are after before you buy.
So many times people buy what they think they like untried, then find they don't gel with it.

If you are in Dublin trying the IWC shouldn't be a problem, if you are down the country they can be harder to find in stock.

Good luck and enjoy whichever you buy.

893bet

Watch_Fan wrote: »

Hi all, new to boards and also relatively new to the watch game. Have been looking to mark an occasion for a while and have narrowed my choice down to two watches. IWC 377717 the Speedmaster ending in 002. I probably like the speedy more. However, I was looking at the 2020 one originally but now gone in weirs and keanes. 2021 is over 20% more expensive. I know there is a new bracelet and movement, do you guys think that justifies the hike in the price?

No not in slightest does it justify it. Speedmaster must have doubled in price in the last 5 years or so with so many price rises. Omega have decided to try and compete with Rolex and are ramming prices up.

Tudor are going to decimate omega they way it’s currently going.

Get a second hand one. Shouldn’t cost more than 3500 for a full set. Easy move along (and people normally do).

Cyclingtourist

Yes it justifies the hike in price. Get the speedy.