Omega First Omega Wrist-Chronograph Re-Edition (Reference 516.52.48.30.04.001)

Omega

Omega First Omega Wrist-Chronograph Re-Edition (Reference 516.52.48.30.04.001)

95% Verified

Market Estimate

~$135,000

Volatility
Low
Liquidity
Medium
Authenticity Risk
Low

Specifications

BrandOmega
ModelOmega First Omega Wrist-Chronograph Re-Edition (Reference 516.52.48.30.04.001)
MovementManual-Wind (Omega Calibre 3018)
Case Material18K White Gold
Production Year2018
GenderMen's
Accuracy95%
Rarity Score92/100
WatchIQ Score
88/ 100

Market Range

$114,750$155,250

Executive Overview

The Omega First Omega Wrist-Chronograph Re-Edition stands as one of the most significant horological achievements in Omega’s modern history. Released as a strictly limited edition of just 18 pieces, this timepiece is not merely a tribute but a literal resurrection of the brand's pioneering spirit. It serves as a faithful recreation of the 1913 18"' CHRO caliber, which was among the world's first wrist-worn chronographs. This specific model bridges the gap between the pocket watch era and the modern wristwatch age, utilizing refurbished original movements from the early 20th century. For the serious collector, this watch represents the pinnacle of Omega’s heritage, combining authentic antique mechanics with modern white gold luxury. It is a 'museum piece' for the wrist, designed for those who value the deep mechanical lineage of the brand over contemporary mass-production. The white enamel dial and blue-steel hands evoke a lost era of elegance, while the oversized 47.5mm case provides a commanding modern presence. Its existence is a celebration of the 'monopusher' complication, a simplified yet mechanically sophisticated method of controlling a chronograph via a single button integrated into the crown or positioned on the case flank. Because of its extreme scarcity and the labor-intensive restoration of its vintage heart, it remains one of the most sought-after modern Omega references in the high-end secondary market.

Technical Architecture

The engineering of this timepiece is centered around the extraordinary Calibre 3018. Unlike modern movements, this is a refurbished original 18-line CHRO movement dating back to 1913. Omega’s Atelier Tourbillon specialists meticulously restored these century-old components to meet modern precision standards while maintaining their historical integrity. The movement is a manual-wind monopusher chronograph, featuring a column-wheel mechanism that provides a tactile and crisp engagement for the timing functions. The case is crafted from 18K white gold, measuring a substantial 47.5mm to accommodate the large pocket-watch-derived movement. The dial is a work of art in itself, featuring 'Grand Feu' white enamel that will never fade or oxidize, paired with classic Breguet-style Arabic numerals and a distinctive 'railway' minute track. The hands are crafted from thermally blued steel, offering a sharp contrast against the stark white surface. A sapphire crystal protects the dial, while the case back is often hinged or features a transparent window to display the intricate, gold-plated movement bridges and balance wheel. The watch is finished with a period-correct leather strap with white gold hardware, emphasizing its transition from a military-style conversion to a luxury heirloom.

Historical Context

In 1913, Omega made history by producing some of the earliest wrist-worn chronographs, many of which were used by the Royal Flying Corps during World War I. These watches were transitional pieces, utilizing modified pocket watch movements housed in cases with wire lugs for trench use. Fast forward to 2018, Omega decided to celebrate this milestone by locating 18 original 18"' CHRO movements within their vaults. These were not new movements made to look old; they were authentic artifacts of the Edwardian era. This Re-Edition was the result of a multi-year project to showcase Omega's restoration capabilities. It replaced nothing in the current lineup but rather elevated the brand's status into the realm of 'haute horlogerie' restoration, similar to Vacheron Constantin’s 'Les Collectionneurs'. It fits into the broader history of watchmaking as a rare instance where a major manufacturer successfully commercialized a 'new' watch powered by a movement over 100 years old. This release pre-dated the recent industry trend of 'heritage' re-issues, setting a high bar for authenticity that few other brands can match.

Market Intelligence

From an investment perspective, the Omega First Omega Wrist-Chronograph is a blue-chip asset with a unique market profile. With only 18 pieces in existence, supply is virtually non-existent on the open market. Most examples are held in private long-term collections or institutional archives. When they do appear at major auction houses like Phillips or Christie's, they command prices significantly above their original retail of 120,000 CHF. Demand is driven by 'completist' Omega collectors and those who specialize in early 20th-century chronographs. The secondary market behavior for this model is characterized by high price stability and low frequency of sale. Unlike modern Speedmasters, which can fluctuate with social media trends, this model’s value is rooted in its mechanical rarity and historical provenance. The brand strength of Omega, combined with the extreme scarcity of the Calibre 3018, ensures that this model retains its value exceptionally well. It is considered a 'grail' piece, and its long-term appreciation is tied to the increasing global appreciation for 'New Old Stock' (NOS) restoration projects by major houses.

Volatility
Low
Liquidity
Medium
Authenticity Risk
Low

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Frequently Asked Questions

This model holds profound historical weight as it recreates Omega's 1913 18-ligne caliber, the brand's first wristwatch chronograph. Collectors value this piece because Omega utilized original, refurbished movements from the early 20th century rather than modern reproductions. This bridge between vintage horology and modern craftsmanship makes it a cornerstone for those documenting the evolution of military and aviation timing. The inclusion of genuine heritage components within a contemporary 18k white gold case creates a rare hybrid of a museum-grade archival movement and a wearable luxury timepiece, distinguishing it from standard heritage reissues.
The investment potential of the Reference 516.52.48.30.04.001 is driven by its extreme scarcity and the finite nature of its movement supply. With only 18 units produced globally, it bypasses the volatility of mass-market luxury watches. The use of original 1913 calibers ensures that no further units can be manufactured, creating a hard ceiling on supply that appeals to high-end investors. Its value is anchored in its status as a 'movement-first' collectible, where the historical integrity of the caliber provides a price floor often insulated from the trends affecting modern sports watches.
The primary buyer for this timepiece is a sophisticated horological scholar or a high-net-worth individual focused on archival significance over brand recognition. Due to its large 47.5mm diameter and wire-lug design, it appeals to collectors who appreciate the aesthetics of early trench watches and pilot instruments. It is intended for the buyer who prioritizes mechanical provenance and rarity, often seeking a centerpiece for a curated collection that highlights the origins of the wristwatch. This is not a daily wearer, but rather a technical artifact for those who value the preservation of watchmaking history.
Unlike the Speedmaster or Seamaster heritage lines which utilize modern movements and mass-production techniques, this model is a bespoke restoration project. The 18-ligne caliber requires specialized hand-finishing and adjustment to meet modern standards, a process far more labor-intensive than standard assembly. While other heritage models focus on aesthetic nostalgia, the First Omega Wrist-Chronograph Re-Edition focuses on mechanical authenticity. It stands apart by offering a direct link to pre-war watchmaking, utilizing a monopusher configuration and a grand feu enamel dial, features that are rarely combined with genuine century-old components in other luxury catalogs.