There are so many qustions still regarding this lot. To me there are three things that bothers me quite a bit.
1. Auction house research and presentation
Phillips is the leading auction house today and I can promise that they refuse many, many watches before a November auction in Geneva. Every piece will be checked carefully and reviewed by specialists using litterature, checking previous auctions, consulting experts etc. As a simple google search on the serial would show this watch in a completely different shape I am certain that they were aware of at least part of the history and that it obviously had a lot of changed parts.
The big issue is how they chose to present it.
"
The present example is preserved in most attractive and original condition"
Phillips would never have sold this watch if it indeed was sold as it was. A put-together watch with nice parts. Secondly I am fairly certain that the seller wouldn't let Phillips sell it if they actually did call it that. So this is just a another example where people look away to make money. It is deceitful.
2. Questionable quality
I am by no means an expert on these watches but I think most people can see that this bezel is touched up at best. If this passes in the community I am sure we will see more and more refinished or even fake bezels being sold as original. Would this bezel have passed if a private individual listed it here? If this is indeed ok I guess it will need to be named mk-something for future references.
I have a ton of respect for Sacha and his brother but I am not very impressed by the replies regarding this watch. I can understand it is a tricky spot for them right now as they have sold the watch previously and that they have a relationship with auction houses as buyer/seller/expert to protect. Maybe also to the seller in this case.
3. The general opinion regarding restored watches
Where do we draw the line for what is acceptable? A changed bezel intert? New hands? Better dial? Even if watches get restored and it is declared when sold this is a tough subject. It is problematic as watches are resold and this information will eventually get lost.
Are we fine with project watches like this? They will sell for as much money as an unrestored watch in equal condition. At least if sold without declaring what have been done to it.
To me it is sad to see this. Not really because of this watch but more due to the fact that more and more questionable watches enter the market and get accepted. Last year we had
this Patek and now we saw this Omega sell. Is this the direction we want to go collecting rare watches? There's big differencies between the two watches (Christies actually disclosed the issue with the Patek) but it is important to note that what once was a big no-no now seem to be kind of accepted. It would have been interesting to see if this Omega would have been pulled from the auction if this information was posted pre-auction.
Each to their own..
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