Ed White 321 Vs Snoopy 50th

[Goose 104]

Looking at the grey market values for both these watches it seems that the 321 might soon overtake the Snoopy. The 321 has steadily continued to appreciate while the Snoopy has lost a fair bit since the peak earlier this year like many hyped watches. Why do you think this is? Could the Ed White 321 soon be the hottest stainless steel Omega?! I can't pretend I wouldn't want a Snoopy because I do, but if I had to have just one I would be happy to keep my 321.

[Stevec14]

Originally Posted by Goose 104

Looking at the grey market values for both these watches it seems that the 321 might soon overtake the Snoopy. The 321 has steadily continued to appreciate while the Snoopy has lost a fair bit since the peak earlier this year like many hyped watches. Why do you think this is? Could the Ed White 321 soon be the hottest stainless steel Omega?! I can't pretend I wouldn't want a Snoopy because I do, but if I had to have just one I would be happy to keep my 321.

Difficult to say. I would expect they’ve already made more snoopies than there are 321s in existence. Maybe it’s the number that are/ have been available grey that’s causing it.

I like both watches, but I always thought the 321 was a little undervalued on the secondary. Maybe the market is just waking up to that now.

[raclaims]

The 321 to me is the best speedy ever made to date
The snoopy is a cute novelty

321 has so much going for it for the price - so to me makes total sense

[sensui]

With the current rate, 321 is far more rare vs the 50th Apollo 13 but the demand is also way lower. Matter of time people discovered the rarity.

[tenementhall]

The 321 retails for ~$14k while the Snoopy retails for ~$9.5k… The 321 is almost 50% more expensive at MSRP

Both are trading ~$22k. So the Snoopy has a gain of +130% while the Ed White is only +57%, less than 1/2 of the Snoopy’s performance

In other words, the Snoopy is valued at 50% more than the Ed White, after adjusting for MSRP. Way higher value

[brandrea]

Originally Posted by tenementhall

The 321 retails for ~$14k while the Snoopy retails for ~$9.5k… The 321 is almost 50% more expensive at MSRP

Both are trading ~$22k. So the Snoopy has a gain of +130% while the Ed White is only +57%, less than 1/2 of the Snoopy’s performance

In other words, the Snoopy is valued at 50% more than the Ed White, after adjusting for MSRP. Way higher value

True, but the Snoopy has perhaps lost more of its previous “value” than the 321. I’m not sure because I don’t follow such things closely, but that’s what I think the OP was getting at.

[brandrea]

This thread needs pictures

I know its not what you're asking OP, but I think for those of us who decided to buy the 321, we appreciate the historical significance the reference, the finishing, and of course the movement.

IMHO the 321 will always be sought after by speedie enthusiasts.

The Snoopy is a fine watch in its own right, but much different. Time will tell if it remains popular and on the same collectible level.

Of course owning both covers the bases

Just my thoughts

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[OneOmegaMan]

The 321 doesn't have as much premium as the Snoopy. From a distance, it looks just like any other speed master, whereas the snoopy is instantly recognizable.

I still chose the 321 though, lol. That movement is beyond gorgeous with a beautiful bracelet while the snoopy uses the "normal" 3861 movement and a cheaper leather strap.

[VogelPhoenix]

Originally Posted by brandrea

[GB-man]

It’s very simple don’t overthink it. Premiums above msrp have eroded significantly. The snoopy was more flush with premium so had more room to fall. I’m seeing snoopy new under 20k and EW around 2k less.

I much prefer the EW but will avoid harassing those who think the snoopy is preferable because we all collect pieces for different reasons.

[sgrossma]

The base of fans that appreciate the 321 and are willing to pony up the money for it is SIGNFICANTLY smaller.

Put it on a table with a standard production speedy and there are even many watch enthusiasts that probably would see just 2 black Speedmasters.

The 321 is special because of the history and story and the way it is built. But you truly have to appreciate that.

At this point, there is very little premium for a 321 when you account for tax. And when you consider how hard they are to get (virtually impossible), I think that really says something about the demand at that price point.

Snoopy premiums have fallen dramatically, but that is more a sign of the general market than anything else.

The Snoopy is an instantly recognizable icon. Long term it will always win.

[Cassidyanne]

The casual watch buyer could give 2 sh*ts abput a 321......./to them, from 5 feet away, it looks like any other Speedy. The Snoopy, on the other hand, is distinctive in so many ways that the casual watch buyer understands immediately, that this is a special watch.

Purists and WUS can drool over the 321. I say, who cares!!!!

[Stevec14]

Originally Posted by sgrossma

The base of fans that appreciate the 321 and are willing to pony up the money for it is SIGNFICANTLY smaller.

Put it on a table with a standard production speedy and there are even many watch enthusiasts that probably would see just 2 black Speedmasters.

The 321 is special because of the history and story and the way it is built. But you truly have to appreciate that.

At this point, there is very little premium for a 321 when you account for tax. And when you consider how hard they are to get (virtually impossible), I think that really says something about the demand at that price point.

Snoopy premiums have fallen dramatically, but that is more a sign of the general market than anything else.

The Snoopy is an instantly recognizable icon. Long term it will always win.

Sorry, but some of your post I disagree with. If you stick a 321 and a 3861 speedmaster on a table then I guarantee you you don’t think they are the same.

Have you seen a 321? Or is that saying they are both black speedmasters with white hands? I get it’s subjective, but owning one and having compared there’s no comparison (I own a snoop too).

[logo]

Originally Posted by Cassidyanne

The casual watch buyer could give 2 sh*ts abput a 321......./to them, from 5 feet away, it looks like any other Speedy. The Snoopy, on the other hand, is distinctive in so many ways that the casual watch buyer understands immediately, that this is a special watch.

Purists and WUS can drool over the 321. I say, who cares!!!!

With all due respect, the 321 is not intended for the casual watch buyer. So, you are correct that the casual observer won’t understand it and therefore won’t care for it. Easy to dismiss things we do not understand

[Trogster]

One of these things is not like the other... LOL

[ap1]

Originally Posted by Trogster

One of these things is not like the other... LOL

Far right for the win

[Trogster]

Originally Posted by ap1

Far right for the win

I must agree.

[sgrossma]

Originally Posted by Stevec14

Sorry, but some of your post I disagree with. If you stick a 321 and a 3861 speedmaster on a table then I guarantee you you don’t think they are the same.

Have you seen a 321? Or is that saying they are both black speedmasters with white hands? I get it’s subjective, but owning one and having compared there’s no comparison (I own a snoop too).

*I* don't think they are the same. But I can assure you that the average enthusiast won't appreciate the 321 3x+ more than a 3861 (comparing market values of a 321 vs a sapphire sandwich). Visually, they are black Speedmasters. And the 3861 is still pretty nice...

You really need to specifically appreciate the 321 - the history and the craftsmanship for it to remotely make sense. The overwhelming majority of casual buyers are not going to buy this watch.

[logo]

Originally Posted by sgrossma

*I* don't think they are the same. But I can assure you that the average enthusiast won't appreciate the 321 3x+ more than a 3861 (comparing market values of a 321 vs a sapphire sandwich). Visually, they are black Speedmasters. And the 3861 is still pretty nice...

You really need to specifically appreciate the 321 - the history and the craftsmanship for it to remotely make sense. The overwhelming majority of casual buyers are not going to buy this watch.

As I mentioned above, you are correct - this watch is not intended for the casual watch buyer. But then, neither are vintage watches. No casual buyer is spending $25k for a cream dial Rolex 16550, for instance. The 16550 was only produced for a short period, not in high volumes. And yet, its secondary market pricing has only increased. Same for pristine 105.003 original Ed White Speedmasters - no one just looking for a moonwatch is buying this. Yet, low production, the unique history and slightly different design make it that much more rare and eventually the demand amongst enthusiasts and true collectors (even if it’s numerically low) far outpaces availability. The modern 321 will be no different. There are likely less than 2000 pieces with a 321 movement produced to date, and I personally do not see Omega continuing to produce this indefinitely.

Could the Snoopy hold more value in the long run? Who knows. It’s a question of whether collectors down the road will prefer the less common white/blue aesthetic, or if they will prioritize the movement, craftsmanship and different case design than the Speedmaster pro? I know which I’d choose.

[sgrossma]

I really don't like being controversial, but... Snoopy will almost definitely win w/ mass appeal and it will likely reflect in market values long term.

It is not even the dial color. The original Snoopy is nothing more than a black dialed Speedmaster with a little Snoopy Logo on the front. A ~$2000 watch that is now worth close to 10x that.

Snoopy has mass appeal, well beyond watch lovers. 321 will always be for a specific collector.

This is absolutely not to say which watch I think is more special.

[brandrea]

Originally Posted by Goose 104

Looking at the grey market values for both these watches it seems that the 321 might soon overtake the Snoopy. The 321 has steadily continued to appreciate while the Snoopy has lost a fair bit since the peak earlier this year like many hyped watches. Why do you think this is? Could the Ed White 321 soon be the hottest stainless steel Omega?! I can't pretend I wouldn't want a Snoopy because I do, but if I had to have just one I would be happy to keep my 321.

Coming at it from another angle, a quick search on C24 shows only 21 Ed White for sale and 149 Snoopy.

It may just be supply demand, or it may be that more folks see the Snoopy as an opportunity to make a quick buck. Vs the ED White being more of a connoisseurs piece

[logo]

Originally Posted by brandrea

Coming at it from another angle, a quick search on C24 shows only 21 Ed White for sale and 149 Snoopy.

It may just be supply demand, or it may be that more folks see the Snoopy as an opportunity to make a quick buck. Vs the ED White being more of a connoisseurs piece

Few things bring me as much joy in the watch world than having an ace up my sleeve that no one else knows about.

[brandrea]

Originally Posted by logo

Few things bring me as much joy in the watch world than having an ace up my sleeve that no one else knows about.

Have to agree, and love that analogy

[ratty]

I've worn my 321 a lot since I bought it, but neither me nor my wife bother with the Snoopy 3 much.

Life couldn't go on until we got a Snoopy 3, now we rarely think about it to be honest.

[Daytonaboy1977]

Had the Snoopy for about 6 months, 321 lands with me tomorrow, very excited to say the least. I will compare the 2 Tomorrow and share some pics. Very lucky to have acquired both pieces from Omega Boutique. The 321 was an unexpected addition this week.

[ap1]

Originally Posted by ratty

I've worn my 321 a lot since I bought it, but neither me nor my wife bother with the Snoopy 3 much.

Life couldn't go on until we got a Snoopy 3, now we rarely think about it to be honest.

This sounds like me and all my watches

[Ravager135]

My gut tells me that the 321 is just as hard to get, if not harder, but is also more broad in terms of appeal. The Snoopy is a special, niche sort of piece. The 321 is the the most finely finished stainless steel Moonwatch out there. I couldn't see the Snoopy being a "one and only" Speedmaster or Omega in a collection, but I could see the 321 being just that.

I own the 3861 sapphire sandwich Speedmaster and I am extremely impressed with it. The 321 is even better...

[brandrea]

Originally Posted by Daytonaboy1977

Had the Snoopy for about 6 months, 321 lands with me tomorrow, very excited to say the least. I will compare the 2 Tomorrow and share some pics. Very lucky to have acquired both pieces from Omega Boutique. The 321 was an unexpected addition this week.

Congratulations, looking forward to hearing your thoughts

[Stevec14]

Originally Posted by sgrossma

*I* don't think they are the same. But I can assure you that the average enthusiast won't appreciate the 321 3x+ more than a 3861 (comparing market values of a 321 vs a sapphire sandwich). Visually, they are black Speedmasters. And the 3861 is still pretty nice...

You really need to specifically appreciate the 321 - the history and the craftsmanship for it to remotely make sense. The overwhelming majority of casual buyers are not going to buy this watch.

Yeah - all true

[steeevvvooo]

Wearing the 321 today. Amazing piece and I also own a c.2000 hesalite speedmaster, worth about 15% of the value of the Ed White today. Both will be held indefinitely (assuming I am able to) in a collection despite similarities and difference in price. I can't choose one over the other and wear the standard speedie probably more than the 321.

Waiting for a snoopy3 but in reality all I want is a snoopy1. That's unattainable now unfortunately. :/ I have to say the original snoopy was cool, second was a bit gimmicky (I passed from a boutique as I thought it was cheesy) and the third has a nice colour scheme but is a bit blingy IMO. Screenshot_20221221-172925.jpgScreenshot_20221221-172804.jpgScreenshot_20221221-172848.jpg

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