Omega vs Rolex

[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..

[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.

[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...

[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...

[TTGMTIIC]

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..

GO for the GMTIIC - you wont regret it !

[batamboy]

GO for the GMTIIC - you wont regret it !

thats wat i thinking also.. cos even though daytona is nicer, there's no date, n i seldom use the chronograph as well. high maintenance when comes to polishing the bezel o polished centre link in future..

[newbie09]

thats wat i thinking also.. cos even though daytona is nicer, there's no date, n i seldom use the chronograph as well. high maintenance when comes to polishing the bezel o polished centre link in future..

Daytona is a class of his own. Cant really compared the 2. Just buy the 1 that suit u n ur budget...

[Watch-connoisseur]

Why buy Rolex?

Since I've nothing to do on a lazy afternoon, so here goes:

Rolex virtually invented the modern wrist-watch when they created the first water-proof resistance watch. They also invented the first dual time watch and is the first watch company to receive numerous awards from Kew, Geneva, Neuchatel and Besancon Observatories. By 1934, they were the first watch company to receive class certificates from all four.

Almost every Rolex model has a history that is so colourful that it makes it so honour just by wearing one. Hans Wilsdorf had done more than just create a watch company - he created a legacy that would prove to be one of the most successful watch company in history.

Over the years, ROLEX has become famous for 'over-engineering' their watches. They've exposed them to the most outrageous of conditions, dating back to the first oyster which braved the english channel, the EXPLORER conquered MT. Everest, the experimental submariner tested to a record depth of 3150m and in Year 1960, broke its own record to 11000m in depth. When Pan Am wanted a dual time watch for their pilot, it was to Rolex that they turned to and history was created. Rolex has invented the first GMT watch.

Designed as an aviators watch, GMT's were favourites among NASA astronauts in the 60's and 70's as they still are today. Chuck Yeager even wore one when he first broke Mach 1(the speed of sound) on October 14, 1947.




In fact, Rolex watch was so popular in England that British pilots in the RAF would decline the government issued watches and purchased Rolex oyster perpetual with their own money.

Over the years, rolex continued to improve the design and test their watch to its full capabilities. The history of rolex with trademark mercedes hand and crown logo is so well-known world-wide that even kids as young as 8 know the watch.

Rolex watch was make to last. Their advertisement and TV campaigns would feature various 'torture tests' of their own with the famous claim: " It takes a licking and keeps on ticking." If you only have a budget for one, I will suggest a Rolex and you won't look back.

[exxondus]

interesting read. thanks!

[itscomplicated]

i think the only place omega is more popular then rolex would be in the US. since they are so proud of their moon missions and esp since it was during the cold war period...their sense of nationalism would most definitely push them to be omega biased...hence george clooney and his omega adverts

[TTGMTIIC]

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

Thanks for the suggestion. You could be right...But I personally can't accept a Jubilee bracelet ... no offence

[schizo]

Rolex vs Omega

I guess its the accessibility of Omega and their marketing tactics

[anthony soon]

aiyah all young n old know rolex just like mercedes! its a prestige to own a piece in one life!!! when i went casino, all bengs n auntie wear ROLEX at e table ... hehehehe....

[SamGMT]

Rolex can be converted into hot ready cash anytime...

[edsonchan]

Omega - Luxury category

Rolex - Prestige Category

I like to be prestige!