This, however, led us to question whether Omega watches increase in value. After all, Omega is one of the most well-known watch brands with a history that’s ranging back to the late 1840s.
Like most of the stuff that we buy, whether that’s a new car or new designer clothes, watches lose their value when you buy them. The same goes for the majority of Omega watches. There are, however, some exceptions to this that we will mention later in this article. Most of the watches that keep their value are either limited editions or special releases.
So, we have established that most Omega watches will lose their value after some time has passed. It is estimated that a watch will lose most of its value (around 30%) in the first year. Some of the factors that have a significant role in the value of an Omega watch are the type of the model, the condition it’s in, any accessories it might have, and its age.
But you might be wondering why we claim that Omega watches drop in value when there are some Omega watches that have been sold for thousands of pounds. Well, let’s take a look at some of the reasons why most Omega watches drop in value.
Supply And Demand
Just like every other market, supply, and demand is what judges the value of a product. Like most other watch brands, Omega might have a huge demand for their watches, but they also produce tons of them. So, in reality, there is never a shortage of Omega watches on the market.
In comparison, brands like Audemars Piguet and Rolex have a much lower production rate, making their watches much more valuable due to the high demand.
The Actual Brand
When we’re talking about the luxury accessories market, the brand always matters. Since Omega is a really popular brand that’s respected all over the world, their watches should have an increase in value, right? Well, not quite.
You see, Omega always satisfies the customer. This means that if the demand is high, Omega will produce more of the same watch, and if the demand is low, they won’t manufacture as many. This usually means that anyone who wants to buy a particular model will be able to do that straight from an official retailer without having to deal with the secondhand market.
While Omega watches might not increase in value, and many of them will drop in value, there are still some Omega watches that have kept their value for decades. Namely, the Moonwatch and the Seamaster Professional 300m have had a considerable demand while still keeping their value despite being decades old watches.