Dear forum members, Got an opportunity to trade this watch. 1-What do you think is the value of this watch? 2-What do you guys say? Deal or no deal? This is the info from the guy who offers the watch: I have a speedmaster 2998-61 I’d like to trade, it’s from the first owner, not serviced or cleaned in my possession (maybe never), complete with 7912/6 bracelet and has all the correct parts. Perfect dial with no scratches or blemishes. When I got the watch the crystal was pretty worn, so I polished it a bit but It’s still rather scratched. Every mark you see is on the crystal, not the dial. Got some info from some friends in Holland so far: Movement number says 181 --- --- does not say much because movement can be replaced and that is why an Extract of the Archives s important. Service on a bracelet is difficult, incase when the springs are broken. Cause they are supposed to be really difficult to get or are not available anymore. and would rate a decent CK2998 at €25k but not his one, The watch I am selling has an asking price of €19k (APRO Offshore first series with a just completed service at AP service center Switzerland). If i check the price table at 101 it says a value of the CK2998-61 head only wil go for $16K, 30k, 44k. But I think this watch needs a full service that will cost on average €750-1250 and the condition I would rate this watch a 6,5/7- out of 10. And perhaps you might need to service the bracelet which cost another €450-500. I would rate this watch from the pictures: -Case 6-7 -Bezel 5 (several scratches all over but not serious dents due to severe impact, correct B1 type though -Bracelet 5 looks ok but has stretch -Dial 9 -Hands 8 (i have my thoughts about the seconds chrono hand, but on the other side this watch looks like really honest to me and the hands are correct for this model although I can not measure the correct size of the alpha hands) -Movement 7 (from what i can see and thats not enough, so I have asked for more pictures) The value of this watch would be according to my opinion $18k (running condition but not good) head only+$1k bracelet (in this condition) and discounted for $1,5k service total $17,5k=€15,5K I guess this guy wont agree on paying €19k-15,5=€3,5k extra for a trade. But I guess i need an extract just to be 100% sure about the movement before i make a deal. There are too many strange things going on withn Speedmasters and buyers want to have some certainties if they pay top dollar. After the service of movement and bracelet the watch including and extract would fetch significantly more (€25k) Would really appreciate to read your feed-back. Many thanks in advance! Best, Wouter from Amsterdam
There is no guarantee at all you will get an extract from Omega. A lot of records from that era are missing after an incident. So, don't be surprised if you get a negative answer. It is a beautiful watch, indeed in a rather worn condition but it's ready to be further worn and enjoyed. I'd be happy to welcome it into my collection
That is a very attractive example, with what appears to be all original parts. Its very rare to see such clean lume like that on this reference, which IMO, accounts for a very large part of the value (the dial -> 9/10, with original (non-service) matching hands...which can happen). The case, although scratched, may very well be unpolished...another plus. The bezel is not top, but, that doesn't matter, as its coherent with the rest of the watch, and is a small percentage of the overall value. That bracelet is worth more, in that condition. You forget the end-links. Original #6's are worth a fortune (about $2.5k if you do your homework). I would feel like a thief getting this beauty at $17.5k, and would guess it would trade for quite a bit more (+/- 10k). Lastly: and no, you can not 'discount for a service'. That's not included in the SM101 price chart (where you are placing it (running)), and is usually always the buyers expense.
@kov and @eugeneandresson many thanks for chiming in. I really do appreciate your feed-back QUOTE]There is no guarantee at all you will get an extract from Omega. A lot of records from that era are missing after an incident. So, don't be surprised if you get a negative answer. [/QUOTE] From 2013, if there is not enough information in the archives related to the movement numbers specified, the extract is not provided and the applicant reimbursed. That mainly involved models made until 1964/65 mainly 1964/65 (Moonwatch Only page 231). The run of the CK2998-61 was produced in 1962-1963. I add some and I discount some. I try to rate the parts as honest as possible, imho. True on the end links, I forgot those lill bastards! But you can not deny that the bracelet really has a lot of stretch and is in a much worn condition.The dial is really good and that is one of the most important criteria. Not a 10 but a 9. Thereby the over-all condition appears to be all original and matching, I agree on that and this will lift the over-all rating a bit. But there are some uncertainties you have to calculatie the risk about the condition of the movement and the match with between case and serial. The movement number is 189460## (just got an dm) so this will match the reference according to Moonwatch Only. QUOTE]would feel like a thief getting this beauty at $17.5k, and would guess it would trade for quite a bit more.[/QUOTE] But then ["more than $17,5k" is quite a big range. A bit more specific on the value in this condition? I think this whole range between $16-30k is quite big. Cheers, Wouter
Imho, you're not far off in your assessment of value, except for under valuing the bracelet and endlinks and trying to reduce for service costs. If you put service on the table, then buyer could offer to service it for you before sale and then you're into unknown territory. The other point here is that it is a sellers market, and this appears to be a complete and original watch. There's a premium for complete and original watches and that part of the assessment is hard to put a number to. So as for range, I'd say somewhere between 20-25k. Look at some dealer pricing, and you may start to see that 20k would be a bargain.
To me this is a bird in hand. Its a great watch to have an inside opportunity to purchase. (Not so much anymore though since this is a public forum.)
You guys. Imagine this, a one owner, triangle lume, original, correct, with a 7912/6, 2998-61 in an open auction. Tell me who is going to come with that for $18,000? I will tell you. No one.
If he is willing to trade straight for your APRO I'd take that deal and run. Your's may be "worth" that but I doubt that it could be moved with anywhere near the same ease as this. I know that the pool of potential buyers for your watch is far smaller than the one for this 2998.
Jump! I would. Everyone here has listed its merits. Correct pushers, nice back, very good dial. Jump!
as mentioned earlier The movement number is 189460## (just got an dm) so this will match the reference according to Moonwatch Only.
Guys what i do like about this forum is the knowledge out here and willingness to chime in. Really kind. Many thanks!
There is another guy interested to make a combi deal too. Including this APRO. So I will have to decide asap.