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29 October 2020, 11:04 PM | #31 |
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The reason why we can't get a Daytona is simple: Rolex can't make that many to meet demand. That's my opinion.
If you guys want to believe that Rolex or Omega purposely pull back the # they want to produce, fine. |
29 October 2020, 11:14 PM | #32 | |
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They have them... it's just that they are using them to move other pieces and to please people that are spending big money. of course they dont have 200 in the safe. But they have 2. Do you think they put them on display and they sell them to the first person that is entering in the store? They are placing the references to selected people creating the hype and the secondary market. When it was the last time you took a walk on 47th street? Please go. See how few of them are produced :) |
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30 October 2020, 12:57 AM | #33 |
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I don't have to go on 47th street to see USED Rolexes. The used market tells us the demand for anything Rolex is unreal. People buy them! They don't care.
Again... the economic world is simple: Supply & Demand. And right now the demand is unreal for anything Rolex. We'll see if this holds true for the Snoopy-3. Omega will produce what they want to produce. They will not hold back production. If the demand is there it will go up in price on the greys. If not, then prices will stay put if not come down. We'll see. |
30 October 2020, 01:57 AM | #34 | |
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On all the other points, I agree with you. |
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30 October 2020, 02:00 AM | #35 | |
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30 October 2020, 12:14 PM | #36 | |
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So... what else can we say about Snoopy 50?
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In 2018, Thierry Stern, Patek’s President, said, in a published interview, “I have to be very tough on the quantity [of steel watches]. I don’t want steel taking over the lead in the whole collection.” He further elaborated, “Tomorrow, if I suddenly decide to produce 40,000 watches in steel, it’s over.....IWC was producing gold watches. Then they had problems, and they fabricated everything in steel. They tried to come back to gold, and they could never do it. Once you lower the price with steel, it is very hard to come back. So, I don’t want this with Patek.” This has NOTHING to do with production capabilities. None. Zero. Patek, if they truly wanted, could ramp up production of their steel watches. They are making a conscious decision to restrict steel. For very specific reasons that have ZERO to do with factory capabilities. Rolex is, similarly, squeezing its steel market. It has nothing to do with risk. It has everything to do with precious metals and brand placement. Omega is going to follow suit, as much as it can, at least, and it will have nothing to do with factory/production capabilities. You are certainly entitled to your opinion; however, based on some rather open and honest statements from company execs, Stern most specifically, it is just not accurate. |
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30 October 2020, 12:26 PM | #37 | |
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I do agree and think that it’s expensive to tool up and ramp up production, and something Rolex does well is not “overproduce” to meet a forecasted demand that can suddenly switch. A lot of watch companies in 2008 had a horrible time with overstocked watches at ADs that sat for a long time when demand plummeted. With that said, Rolex has consciously decided to not increase production in any way close to demand for the Daytona. When you say that “Rolex can’t make that many to meet demand”, I think it’s a true statement, they have decided not to ramp up production even though they know demand is likely 5x compared to supply, and it’s been that way for over 10 years on the Daytona. They choose not to produce more. It creates a halo around the brand. Patek’s CEO said it best in an interview with Hodinkee a few years ago. Rolex is the same. Omega will follow where they can, which is the Snoopy line 100%. There isn’t a hotter Omega in the last decade. Two key things Patek’s CEO said: “And again, is it something I'm willing to do? No, because I know that if we are overproducing, it's going to also be dangerous, dangerous for me in terms of quality, and maybe dangerous for the client, also because the value of the watch may decrease. And this is not what I'm willing to do, and this is not what you are willing to accept as a client. If you buy a Patek Phillipe, value has to stay there where it is. And maybe even increase, depending on the model, of course. “ “Yes, of course. It's trendy, it's rare, it's less expensive ... I have seen yellow gold, white gold, platinum, all are popular at different times, and now it is the steel version – fine, and I like it also. But there's some limit that I cannot go over, so production will always stay limited for steel. Especially with Patek.” https://www.hodinkee.com/articles/a-...-thierry-stern Sent from my iPhone using Tapatalk |
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30 October 2020, 12:40 PM | #38 | |
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30 October 2020, 12:45 PM | #39 |
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I’m glad you added the line - which is really THE LINE, when you think about it - “value has to stay where it is.” That’s what is the driving force. If you increase production to meet demand......the value of the item drops. Because you will have more supply than demand at any given period of time. This is not that complicated, really. |
30 October 2020, 01:20 PM | #40 | |
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30 October 2020, 04:16 PM | #41 |
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I love blue, snoopy and pandas, my deposits down, cannot wait to pick it up
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30 October 2020, 05:38 PM | #42 |
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1 November 2020, 07:31 AM | #43 |
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Spoke to an Omega AD. He's on a 1st name basis with Omega President NA. This is what he told me regarding the Snoppy-3.
Go through an Omega Boutique. It's your best chance at getting one. These Snoopy's will be very, very limited. Production will be less than 2,000 pieces per year and that's because its only one watchmaker per watch. Now they may have 10 people working on these watches. But the point is that they can't crank out as many as they like. It's one guy from start to finish. No assembly line. There are many limitations and it's not just with the movement but with the silver dial as well. The boutiques will get the majority of the pieces even after the 1st wave. He thinks he will be lucky to get 10 pieces and he sells ALOT of Omegas. Therefore my expectations are that my chances are slim & none at getting this piece. If you have a deposit down you will definitely get one. IF you have a great relationship with an AD where you purchased many watches from him/her, your chances are good at getting one. Otherwise chances are you won't. Whatever. Is what it is. I have my name with 2 boutiques. Not expecting anything. |
1 November 2020, 07:35 AM | #44 | |
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Thanks for sharing. The extra automaton at the case back will slow production down compared to a standard 3861. So this is expected. Hope there is enough to go around for those who will actually wear it rather than flip or safe queen jt! Sent from my iPhone using Tapatalk |
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1 November 2020, 07:45 AM | #45 | |
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Wow |
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1 November 2020, 07:57 AM | #46 | |
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1 November 2020, 08:46 AM | #47 | |
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They knocked out 7000 Apollo 11’s with the 3861 in a year. That had a step dial, which I suspect was more difficult than the silver pie pan. |
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1 November 2020, 08:53 AM | #48 | |
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I’ve been saying this for 2 weeks. I’m glad you got the number expected confirmed at 2000 per year. It seems we are on the same page now ;) |
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1 November 2020, 11:03 AM | #49 | |
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1 November 2020, 11:43 AM | #50 | |
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Hopefully Omega will respect the clients adopting the right policy. mmaggi, you have another option, if you really want to get a Snoopy get in contact with a OB in Europe, lists were officially open till few days ago, and probably they are still taking names. In Europe you can get on the official list even without deposit, although I would recommend giving the 20%. |
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1 November 2020, 12:10 PM | #51 |
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Btw I just realised my wait for the watch has probably increased by a month due to the newly announced UK lockdown!
Top (nearly) of the list at an OB here with deposit down. Fingers crossed. So if I don’t get the call by Wednesday then it will only happen in December assuming Omega’s supply chain has kept up with other global/Swiss lockdowns... I know ... first world problems. Keep safe everyone. That’s what matters! Sent from my iPad using Tapatalk |
1 November 2020, 12:34 PM | #52 | |
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1 November 2020, 12:36 PM | #53 | |
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Some UK OBs accepted deposits. Others just took name down. Not sure if that’s up to the franchise owner’s policies? Sent from my iPad using Tapatalk |
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1 November 2020, 02:31 PM | #54 | |
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Thanks for the info, very interesting. I have to say I’m very surprised about the 2000 per year, that’s the lowest number I’ve heard an AD or OB has mentioned. I’ve heard 15% of worldwide allocation will go to the US, which is crazy if they will only make 2000 units a year. That means only 300 units for all of US. I know most OBs have deposits in the 20-40 range. Not sure how it’ll be possible for 30 US OBs to fulfill just what’s on deposit in the first year, let alone have any allocation for the ADs. Sent from my iPhone using Tapatalk |
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1 November 2020, 08:50 PM | #55 |
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Guys... the # I was told is LESS than 2,000 per year. And make no mistake that this is guess.
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1 November 2020, 08:55 PM | #56 | |
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Now there could be 10 watchmakers making Snoopy-3 watches. We don't know the exact #. He told me its the same process that Omega uses to make the Apollo-11 50 and the Apollo 8 DSOM. And that's the reason why he can't get anymore Apollo 8 DSOM. |
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1 November 2020, 08:58 PM | #57 | |
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I HAVE got a £1000 deposit at my local AD and always had to put a deposit there but thats AD |
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1 November 2020, 09:45 PM | #58 | |
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The production is at a number to create this marketing machine that is Rolex. They don’t produce enough to stop this madness of flipping and the grays getting all of them before the rest. Supply and demand basic Econ 101 |
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1 November 2020, 10:31 PM | #59 | |
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1 November 2020, 11:10 PM | #60 | |
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......or that it is simply following industry trend and restricting supply? I know my vote. |
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