105.012-65 Comments appreciated. Sold for $8000US

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omegaswisst

·Dec 26, 2017

Hi All,

Firstly I'd like to wish everyone a Merry Christmas and Happy New Year.

I was hoping to get some opinions on this 105.012-65. Fairly new to these so just seeing if I'm missing anything. Thanks in advance for any help.

Bezel- correct DON
Dial- correct with a bit of lume missing of plots
Movement- looks OK, number dates to December 1966
Hands- chrono (not correct) hour and minute hand (look like replacements??)
Pushers- look correct, but pusher tubes look cleaned, so would these be service pushers or just cleaned during service ??
Crown- not sure??
Case- some polishing
Bracelet- not correct

 

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watchknut

·Dec 26, 2017

All depends on price...

If the dial were relumed and hands matched, and the case touched up, would be an attractive piece.

But it all gets down to price.

 

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omegaswisst

·Dec 26, 2017

watchknut

All depends on price...

If the dial were relumed and hands matched, and the case touched up, would be an attractive piece.

But it all gets down to price.

Thanks @watchknut. That's along the lines of what I was thinking with regards to work to be done. What would be a fair price here?

 

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Caliber561

·Dec 26, 2017

What does the hippocampus on the back look like?

 

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omegaswisst

·Dec 26, 2017

Caliber561

What does the hippocampus on the back look like?

Seller has not provided a shot of external case back, so I'm assuming the worst and it's going to look polished.

 

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BenBagbag

·Dec 26, 2017

omegaswisst

Thanks @watchknut. That's along the lines of what I was thinking with regards to work to be done. What would be a fair price here?

A watch with these kind of pictures has an asking price. What is the asking price?

 

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omegaswisst

·Dec 26, 2017

BenBagbag

A watch with these kind of pictures has an asking price. What is the asking price?

Hi @BenBagbag. No asking price as such. Going to auction.

 

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maxbelg

·Dec 27, 2017

Unfortunately this type of watch always sells for just more than I want to pay at auctions.........

 

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Caliber561

·Dec 27, 2017

maxbelg

Unfortunately this type of watch always sells for just more than I want to pay at auctions.........

No kidding - I think the 105.012-65 here will probably go for at least 5,000$, but I'm not an expert on the 321s.

 

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stefman

·Dec 27, 2017

I’m no expert at all, but I believe the crown is not correct

 

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maxbelg

·Dec 27, 2017

stefman

I’m no expert at all, but I believe the crown is not correct

Yes, it‘s a replacement crown with 32 teeth which could have been OK for a 145.012-67 but not for this one. Same with the Chrono second hand which would have been OK for the next reference but not for the 105.012-65.

 

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omegaswisst

·Dec 27, 2017

For the sake of completeness the final selling price was $8000us. Any thoughts on whether this is good value for this one?

Edited: Dec 27, 2017

 

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marturx

·Dec 27, 2017

That's much dough for an unattractive specimen 🥱

 

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Davidt

·Dec 27, 2017

A good 3k over actual value imo.

 

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Spacefruit

·Dec 27, 2017·Prolific Speedmaster Hoarder

Davidt

A good 3k over actual value imo.

While I do not disagree with the sentiment, I don’t think it’s possible to find this watch elsewhere for $5000.

Would be happy to be shown wrong - but then if this watch was put up for 5k there would be a scramble, no?

So has to be worth more, even if we don’t “feel” it.

 

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Davidt

·Dec 27, 2017

Spacefruit

While I do not disagree with the sentiment, I don’t think it’s possible to find this watch elsewhere for $5000.

Would be happy to be shown wrong - but then if this watch was put up for 5k there would be a scramble, no?

So has to be worth more, even if we don’t “feel” it.

I guess there are several ways to look at it.

Do I think in an open auction it would sell for $5k? No I think it'd sell for more (and obviously it sold well in excess of 5k).

However, if, for example, I had 6k in my pocket for a Speedmaster and this was offered to me, I honestly wouldn't buy it.

I think the market is getting ahead of itself and poorer watches are still being dragged up on the coat tails of the better ones. The market may values it around 8k, but personally I wouldn't pay more than 5, possibly 5.5k. Then again, I haven't bought a vintage Speedmaster this year, so perhaps I'm just struggling to adjust to the new prices.

 

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omegaswisst

·Dec 27, 2017

Is this the sort of watch one would just replace the incorrect parts and service or would more extensive work such as relume of dial and match the hands and refinish case be done? As a ball park figure how much would you spend?

 

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Faz

·Dec 27, 2017

Sigh...
I like how the seller conveniently omitted the include a photo of the hippocampus on the case back. Makes you wonder. The amount of $$$ commanded for a clearly sub par example with incorrect part(s) is indicative of an overheated market. There are desperate buyers out there. Or maybe somebody has the right parts and will be able to turn a quick profit?

I've seen this with Rolex and now Omega. It seems that the gap in price between a correct example and a put together sub par example is way too narrow.

Cheers,

 

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Faz

·Dec 27, 2017

omegaswisst

Is this the sort of watch one would just replace the incorrect parts and service or would more extensive work such as relume of dial and match the hands and refinish case be done? As a ball park figure how much would you spend?

Not worth the hassle unless you have the parts and dial in hand. 8k to go through all this trouble? Not for me..

Spend a few extra K's and get a solid no issues example.

Cheers

 

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Davidt

·Dec 27, 2017

You could just service and leave the rest alone, or you could plough money in to relume the dial, replace the hands and artificially age if required and refinish the case, along with anything else that may crop up.

The problem with this approach, is that the more you do, the less original the watch becomes and the higher the total cost, so it makes it less of a value proposition, to the point where it's preferable to just spend more on a better example in the first place.