The 2998-3 didn’t do very well at all, probably would have gone for more on eBay!
there were two 2998's in the auction
2998-3 "honest" condition, sold for 20k
https://www.phillips.com/detail/OMEGA/CH080118/157?fromSearch=2998&searchPage=1
2998-1 I believe relumed condition, sold for 60k
https://www.phillips.com/detail/OMEGA/CH080118/209?fromSearch=2998&searchPage=1
How many of these big time vintage watches from the marquee auction houses have been restored by the LA/ABC Watchworks of the world?
My suspicion is many; and, it seems like the market actually prefers these watches and they achieve higher prices (except where formerly owned by someone famous, or where there is a clear one owner provenance and total orginality).
Building on what I said above, perhaps we are seeing a shift from "honest" examples to those that have been retouched a bit to look better? There was a run where people were paying silly money for mediocre examples, but now people are paying ridiculously silly money for "pristine" (maybe retouched?) examples.
This is why u dont sell your vintage or why I’ve been hoarding nearly every straight lug seamaster and speedmaster I come across. No point in selling if you don’t need to as prices will keep climbing given the scarcity and demand.
This is why u dont sell your vintage or why I’ve been hoarding nearly every straight lug seamaster and speedmaster I come across. No point in selling if you don’t need to as prices will keep climbing given the scarcity and demand.
