A bargain I say.

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Incidentally its still not the highest Omega sale by a long shot, and while the highest 2915 sale at auction, due to the rarity of 2915s the majority of sales are private and never heard about.

The highest recent Omega sale I've seen was probably also Christies, and was a Seamaster dress watch for about double the price of this 2915.
 
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I find it quite amusing that this 2915 doesn't have the original shape of the case.. Is it Bienne that did the polish? Why is it brushed on the lugs? Why so sharp edges? Wouldn't pay premium for this, sorry!



This is how I prefer them....
2915-2-6.jpg 2915-2-Groot.jpg
 
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This is true, but like I said - ignoring anything but that toothless idea, you lose the ability to assess an item in the marketplace in terms collectors can appreciate (workmanship, comparisons to similar models, prestige of the brand, runaway conspicuous consumption..). For example, I just saw a thread on this forum about a series of Rolex Subs with the words "fυck 'em" printed on the dial selling for over $45,000. Now, people on that thread were quick to point out that whoever was willing to spend $45,000 on a fυck em' Rolex was an idiot and a tool - but when we're talking about spending $137,000 on a Speedmaster, well - let's call it at buyer's discretion. Talking rarity - there are technically less of those Rolex's than of the early Speedmasters.





There is a false equivalence here. Oxygen is the only stuff we can breath, but 2915's are not the only nice dive watches from the 1950's-1960's. Sure, there are less 2915's in the world every year as collectors and time take them from us - but the Speedmaster was not the only watch around. There are dozens of similar sports watch from that era, and made in similar or less numbers, that go for pathetically less than 2915's. Hell, very nice and rarer vintage Patek's can be had for less. Omega, Rolex, Patek - they all have a tax. A tax independent from the watch.

Still, I think we sort of agree.

Here is the point I think you are missing. This watch doesn't just have value because of it's rarity, but because it is a rare, FIRST RENDITION of an ICON in decent shape. Also, the intrinsic value (value of parts, metal, time to make)
has nothing whatsoever to do with the price a collector is willing to pay. And never has had anything to do with it.
Call it hype, call it cult, whatever; it is a reality that is reflected in pricing. Unless the vintage market has a total collapse, the days of 40k 2915's are over.
 
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Here is the point I think you are missing. This watch doesn't just have value because of it's rarity, but because it is a rare, FIRST RENDITION of an ICON in decent shape. Also, the intrinsic value (value of parts, metal, time to make)
has nothing whatsoever to do with the price a collector is willing to pay. And never has had anything to do with it.
Call it hype, call it cult, whatever; it is a reality that is reflected in pricing. Unless the vintage market has a total collapse, the days of 40k 2915's are over.

But:

It's been a first rendition of an icon in decent shape for decades. Its value has not been $137,000 for decades. In fact, its quite recent that such prices are being realized, as you note.
 
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Actually this watch sold for much less than many predicted.

The case is in my opinion refinished
 
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Agree. It didn't not look original to me. We did touch on this on the original Christie's thread before the auction as well.

...unless it's a prototype 2915 maybe...

I thought the -2 was much nicer looking.
 
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Actually this watch sold for much less than many predicted.

The case is in my opinion refinished
I was also expecting it to go closer to 200 or so based on the Christies Daytona "Lesson One" auction.
 
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Actually this watch sold for much less than many predicted.

The case is in my opinion refinished
The case is refinished. There's no doubt about that.. and to pay such money for a refinished case proofs that the buyer lacks a knowledge... The buyer could have entered this forum and splashed up 50k and he would end up with a nicer watch..
Edited:
 
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I'm convinced the -1 was refinished, which was why the -2 almost caught it.
In a better case I think the -1 would've had a hammer price in excess of 150k.
I wasn't there but tried to follow it closely and although it may push prices slightly, it looked a very good event which lets be honest, has gone somewhere to giving 321 Speedmasters the exposure and desirability they deserve.
 
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The case is refinished. There's no doubt about that.. and to pay such money for a refinished case proofs that the buyer lacks a knowledge... The buyer could have entered this forum and splashed up 50k and he would end up with a much nicer watch..
Buyer was the Omega museum, and I can assure you they knew what they were buying, the mid-case is actually the least important part of the entire watch and easiest to correct so I wouldn't have been put off either, and there are certainly no original 2915-1s in the FS section that are much nicer for under $50k. Given how hard it is to find a 2915 in any condition that hasn't been badly messed with or had a pile of its parts replaced you have to look somewhat differently at them, that was a nice watch.
 
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I concluded the same about the case, and most articles I read about the auction mentioned it but didn't really come to a conclusion. Interesting from Hondinkee:

It was then that Christie's realized they had come across something very special, a potentially unique or prototype case made for the Speedmaster. Working directly with the Omega museum, Christie's was able to confirm that the watch was created as it lives today, and sold to Singapore. Omega does not, however, know why this case differs from all the other known 2915's, but they do vouch for the correctness of this mega-Speedmaster.
 
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I concluded the same about the case, and most articles I read about the auction mentioned it but didn't really come to a conclusion. Interesting from Hondinkee:

It was then that Christie's realized they had come across something very special, a potentially unique or prototype case made for the Speedmaster. Working directly with the Omega museum, Christie's was able to confirm that the watch was created as it lives today, and sold to Singapore. Omega does not, however, know why this case differs from all the other known 2915's, but they do vouch for the correctness of this mega-Speedmaster.

Occam's razor = refinished case.
 
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Buyer was the Omega museum, and I can assure you they knew what they were buying, the mid-case is actually the least important part of the entire watch and easiest to correct so I wouldn't have been put off either, and there are certainly no original 2915-1s in the FS section that are much nicer for under $50k. Given how hard it is to find a 2915 in any condition that hasn't been badly messed with or had a pile of its parts replaced you have to look somewhat differently at them, that was a nice watch.
You got one thing right there, it was a nice watch, but isn't anymore 😉
 
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Did any forum members manage to win/afford any of the lots? I wonder if the chocolate dial is on its way to a Bat Cave?
 
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What's often lacking in these discussions of value for money is the mentality of the very rich. The very rich like rarity, exclusivity, portability and an ability to easily convert to cash. That's one reason why they buy watches, diamonds, gold coins etc... The diversification and enjoyment of their money. To some this 137k is a penance for an extremely rare watch that experts predict will increase in value. If it doesn't appreciate much, the item can still be slipped in a suitcase and transported and sold in another country because anyone in any country who deals in luxury goods would recognize and pay a large amount for this item. In the meantime they can wear it and show it off to their friends who spend three times that amount on their daily drivers.

So there's a dollar panic and they take their families to Switzerland and only realize 25k on the watch when have to sell. Who cares? The dollar is worth 10% of what it is now...
 
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You got one thing right there, it was a nice watch, but isn't anymore 😉

I have to think you can count on one hand the amount of better examples out there.
 
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I have to think you can count on one hand the amount of better examples out there.
Refinished cases doesn't do it for me.