Once upon a time …
No, this is not the fairy tale by our very own Hans Christian Andersen, but more a reverse version made true by the more shady frankeners in the dark corners of the vintage watch world.
This bird started out as a beautiful swan in 1961. But became an ugly duckling and in the process ended up like the black swan. It lost its innocence. Its authenticity.
Back to the real world:
Lot 201 from yesterdays Phillips auction. Reference 2913 (-7 as it turns out). Serial 16684517. Produced on 28. April 1961. FAP marked and confirmed delivered to the Peruvian Air Forces.
View attachment 467951
What’s not to like? When I first saw it I thought
”a nice one and a very very strong result”. Then I looked closer and checked the serial with the ones in my archieves…
and here’s what I found:
Serial and caseback scratches are the same throughout the history, but the face, oh the face. What a horror. For the record, I have no doubt that this is/was a 2913 FAP issued watch. The serial range is within the know range. Caseback marking is correct. It has the correct type of hands etc. BUT the transformation over the years
. Sellers pictures below are bad, but can’t hide the obvious.
View attachment 467950
#1 For sale on chrono24 (2015). Repainted or fake dial and no bezel inlay. Extract states delivery to Peru only.
#2 For sale on chrono24 (2016, same seller). Dial replaced with a correct, but very tired one.
#3 For sale on chrono24 and here on OF (2016, same seller). Now with a bezel “inlay”, which seems to have issues. Looks like the chinese aluminum reproductions.
#4 For sale on the Phillips auction (2017, new seller properly). Now with a nice correct dial and a nicer redone bezel. Perhaps lume touch-up. Hard to tell from one picture. No movement shot, but text states a cal. 501 17Jewels !? (US version cal 500) Properly just a typo (earlier add shows 19J cal 501 which is ok). Extract now states delivery to Peruvian Air Forces (new policy at Omega Museum to include more notes). Same serial and still same caseback.
View attachment 467949
Looks good right
Realised price is CHF 56t.
Sellers asking in 2016 was Euro 17t. (which was high enough for this condition). CHF 56t. !!! More than the perhaps most wanted SM300 of them all,
a Conself ll 165.024 sold at Christies today for CHF 50t.
From the phillips auction text: ” The present example is preserved in most attractive and original condition “
So whats the moral of the story. Is it a problem that the parts have been changed - clearly to help sales? Well, no, not if you disclose it. The previous owner/dealer didn’t and the auction house didn’t/didn’t know or didn’t run a simple check on the interwebs and now it is sanctions by them. Talk about authenticity laundering.
Well, perhaps the buyer don’t care and just enjoy the watch for what it is. Right
We all know that a 100% autenthic vintage watch is a hard claim. No one really knows if parts have been swapped in the last 60 years. And if the parts are correct for the reference/serial, perhaps that’s fine, as long as you don’t know. BUT when the truth comes out, it’s
stigmatized – from a collectors point of view. From
my point of view.
/The end
P.S.: sorry for the buyer if he DOES care, but especially at this price level, someone should tell the truth, since it’s cleary now more an investment piece. No real collector at this level would have neglected to do the basic research before a bidding war.
P.S.S.: And all the frankeners who think they can get away with it, didn't live happily ever after
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