EP 316: Why start with an Omega
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In this show Chris is delving into the allure of luxury watches, particularly emphasizing the Omega brand as a great starting point for collectors. Let's break down some key points from what you've provided:

1. Low Barrier of Entry: Omega offers a range of watches that cater to different budgets. Entry-level pieces can be found in the $1.5-2k range, while investing $3-4k opens up even more options. Even flagship models like the Seamaster 300m, which has an MSRP of $5.6k, can often be found for less, sometimes around $3.5k, especially in the secondary market. 🕰️

2. Safe Investment: Buying at these price points can be seen as a safe investment. This means that if you purchase wisely, your money is relatively secure, and there's potential for appreciation over time, especially if you snag a good deal on the secondary market. 💰

3. Tradeability: Omega watches are easily tradable, offering collectors the opportunity to trade up to higher-end models or even offset the price by selling or trading for cash. For example, someone could trade in an Omega for a Rolex, with a price difference of around $3-10k, effectively using the Omega as currency in the luxury watch world. 🔄

4. Cash Value of Breitling Watches: Breitling watches, despite not always being recognized for it, can hold significant cash value. This is illustrated by anecdotes like businessmen in Mexico City or special forces operators in war zones being willing to hand over a Breitling watch as a form of payment. In some cases, the value of the watch can be substantial, such as a $10k watch being offered as payment. 💼

Overall, Chris seems to be advocating for Omega as a brand that offers a mix of accessibility, potential appreciation, and tradeability, making it an attractive starting point for anyone looking to begin their journey into luxury watch collecting. Additionally, the anecdote about Breitling watches underscores the broader appeal and value of luxury timepieces beyond their aesthetic and functional aspects.

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