Do you think this transitional is too good to be true?

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So.
Spotted this 145.022-68 “Transitional” in a major auction house.
Thought immediately, “that’s redone/relumed” but the more I look, the more I’m not sure.
It just looks like new. Tight bracelet, no bracelet changing scratches, no case opening marks. Original polished/brushed finish? Maybe…
What do the real experts think?
I’m on my 4th San Miguel, you tell me.
 
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Could be fine and looks to me like it is from that one picture.
Before prices skyrocketed I recall seeing a similar one on eBay. I was bidding and recall having a chuckle at the silly winner who bit north of £3k.

They're still out there. Given the increase in values one just needs to check everything in great detail to confirm it’s original.
 
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I have not had any San Miguels, yet, and note my post count but:
Second hand and counters look more white than hour and minute hands.
How did lume plots on dial stay so nice and the hour/minute hands are not.
Pushers not set to same depth, reset (lower) pusher shows gap to case.
Looks like marks on both bottom lugs, so not a recent polish , if at all.

I'd buy it for 3k. 😉
 
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6-8k? Seems pretty low to me for a transitional, especially if that’s a 1039 bracelet. The end links are 516s, so a 1039 appears likely.
 
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Price guide is 6-8k usd.
Estimates from auction houses do not say a lot
 
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Very nice. Looks unpolished and all the parts look to be in similarly good condition so I vote it’s a genuine survivor.