$21,250 for this Omega US Military at the Phillips auction?

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What am I missing? Is this a 20k+ watch?

Edited:
 
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Historically prices for this have been much lower - about 5-10% of the realized price at Phillips. It is uncommon with the US ARMY inscription in the back and rare to find in nice condition. I have a nicer one that maybe I should consign with Phillips!

8258076868_6e88c8249e_z.jpg
 
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Historically prices for this have been much lower - about 5-10% of the realized price at Phillips. It is uncommon with the US ARMY inscription in the back and rare to find in nice condition. I have a nicer one that maybe I should consign with Phillips!

8258076868_6e88c8249e_z.jpg


Depends.....will not bring that kind of Money again . It is always the first one with Phillips. Then Buyers educate themselves and that's it.....the US Army engraving is so shallow, that it can be applied easily. The correct engraving is only observed on 2 sub case references anyway. Most of these were private purchases in the PX. Nice touch is the hand radium burn on the dial..... 2000 plus a bit in my book.....kind regards. Achim
 
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Those have been more in the range of 800-1000 USD lately- unless they have gone up a bit.
It’s not the first time we’ve seen Phillips sales reach prices completely disconnected from their current market value.
They’ve clearly created their own brand name which seems to be perceived as making a watch «bankable » and more liquid as an investment, or maybe simply more « cool » to the deep pocketed enthusiasts. Pretty much the same way Hodinkee has.
 
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Fully agreed. If only they would sell my watches ;-)
 
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Historically prices for this have been much lower - about 5-10% of the realized price at Phillips. It is uncommon with the US ARMY inscription in the back and rare to find in nice condition. I have a nicer one that maybe I should consign with Phillips!

8258076868_6e88c8249e_z.jpg
Well, let me know if you would like to sell yours. The condition is beautiful!