repoman
路Yes, another Speedmaster thread!!
A friend (who happens to work at an Omega boutique) called, saying an older gentleman came in looking to sell a 20th Anniversary Apollo XI Speedy. He was kindly informed the boutique does not buy/sell used watches, but he was given my contact info. Shortly after I agreed to come by his home, a short distance from mine, and see the piece. I wasn't particularly interested in it for myself, but thought I might help him on valuation and how best to sell it. I love modern LE Speedy's but the 20th just doesn't tickle my fancy - its too similar to the standard Moonwatch, and there are too many of them (6,250 of these worldwide). The owner was a retired Navy veteran who had originally purchased a 1967 Speedy that was stolen right off his wrist in the Philippines, and later, in the early nineties he bought this watch used from a local watch dealer, no box/papers. This was his daily watch until a few years ago when personal health issues struck.
My copy of MWO was boxed up in storage so I had to wing my evaluation a bit, although I am familiar with this LE. I found an early LE # (0097) with the first style engraving for the 2000 made for USA, a modern replacement 1998/849 bracelet instead of the original 1450/808, replacement luminova hands, new crystal and some prior polishing. The owner had the watched serviced in 2014 at a local mall based Jewelry store ($1100 for service and bracelet). They did return the original parts to him, but he can no longer find them, unfortunately.
The dial was attractive with a light creamy/yellow patina common on these 80's tritium dials. Watch case has the expected normal wear but was on the better than average side, with the all too common and annoying jewelers polish job on it, but I've seen way worse than this one. The hands are a visual mismatch, but not as bad as I've seen on many other 80's Speedies with modern bright white replacement luminova hands. There was the usual grunge as well, most of which came off easily with a soft toothbrush. Opening the caseback revealed a very good condition (as expected of recently serviced watch) 861 movement. I sometimes forget how attractive the 861 is.
Something I've learned to check is any over polishing on the backside of the lugs, to the point where the springbar holes could be compromised... (I want to slap the next jeweler I see sitting at a buffing wheel). Sure enough, the backside lugs have been aggressively polished, but the holes are not compromised (yet), but any more and they would be.
I thought this watch could fetch $1800 in this condition and gave him suggestions on how to sell it.. but he wasn't in a position to be able to sell it online. I told him it really wasn't my cup of tea, but the thought of him taking it to the pawn shop down the street and getting $500 for it, just didn't sit well with me, so I offered a fair price in between and he very gladly accepted. Great... I didn't need a project watch.
With help from the OF community, I have already sourced a 1450 bracelet, a set of 808 endlinks, and a nice set of tritium hands, and I've sold off the 1998/849 to offset my additional costs. Wouldn't hurt to find the original box for this one also, at which point, it will be decent little Speedy that will probably stay in my collection until something better comes along (even though I told the soon to be ex wife it would be a quick flip 馃榿. Eventually, she will realize my watch box is the roach motel... they check in but they don't check out.
I'll post again when the next stage of restoration is complete.
A friend (who happens to work at an Omega boutique) called, saying an older gentleman came in looking to sell a 20th Anniversary Apollo XI Speedy. He was kindly informed the boutique does not buy/sell used watches, but he was given my contact info. Shortly after I agreed to come by his home, a short distance from mine, and see the piece. I wasn't particularly interested in it for myself, but thought I might help him on valuation and how best to sell it. I love modern LE Speedy's but the 20th just doesn't tickle my fancy - its too similar to the standard Moonwatch, and there are too many of them (6,250 of these worldwide). The owner was a retired Navy veteran who had originally purchased a 1967 Speedy that was stolen right off his wrist in the Philippines, and later, in the early nineties he bought this watch used from a local watch dealer, no box/papers. This was his daily watch until a few years ago when personal health issues struck.
My copy of MWO was boxed up in storage so I had to wing my evaluation a bit, although I am familiar with this LE. I found an early LE # (0097) with the first style engraving for the 2000 made for USA, a modern replacement 1998/849 bracelet instead of the original 1450/808, replacement luminova hands, new crystal and some prior polishing. The owner had the watched serviced in 2014 at a local mall based Jewelry store ($1100 for service and bracelet). They did return the original parts to him, but he can no longer find them, unfortunately.
The dial was attractive with a light creamy/yellow patina common on these 80's tritium dials. Watch case has the expected normal wear but was on the better than average side, with the all too common and annoying jewelers polish job on it, but I've seen way worse than this one. The hands are a visual mismatch, but not as bad as I've seen on many other 80's Speedies with modern bright white replacement luminova hands. There was the usual grunge as well, most of which came off easily with a soft toothbrush. Opening the caseback revealed a very good condition (as expected of recently serviced watch) 861 movement. I sometimes forget how attractive the 861 is.
Something I've learned to check is any over polishing on the backside of the lugs, to the point where the springbar holes could be compromised... (I want to slap the next jeweler I see sitting at a buffing wheel). Sure enough, the backside lugs have been aggressively polished, but the holes are not compromised (yet), but any more and they would be.
I thought this watch could fetch $1800 in this condition and gave him suggestions on how to sell it.. but he wasn't in a position to be able to sell it online. I told him it really wasn't my cup of tea, but the thought of him taking it to the pawn shop down the street and getting $500 for it, just didn't sit well with me, so I offered a fair price in between and he very gladly accepted. Great... I didn't need a project watch.
With help from the OF community, I have already sourced a 1450 bracelet, a set of 808 endlinks, and a nice set of tritium hands, and I've sold off the 1998/849 to offset my additional costs. Wouldn't hurt to find the original box for this one also, at which point, it will be decent little Speedy that will probably stay in my collection until something better comes along (even though I told the soon to be ex wife it would be a quick flip 馃榿. Eventually, she will realize my watch box is the roach motel... they check in but they don't check out.
I'll post again when the next stage of restoration is complete.
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