M'Bob
·Auction prices are just one measure of Speedmaster health or vintage watch health in general. And I seriously doubt auction results are the strongest indicator, they can be very misleading imo. A bidder, or even a handful of bidders willing to pay an obscene amount for a 2915 does not imply a newfound strength for speedmasters, not even for the 2915. We need to focus on the bigger picture, and how trends evolve over time. We need to look at the day to day activities of us regular collectors, and not just at the behavior of the 1%ers.
So, we should all take a deep breath. The speedmaster (and vintage watch market as a whole) market is neither booming nor busting. There is lots of scatter, just like there is now in many financial and other markets. It is unsettling, but no reason to either sulk or rejoice too much.
Agree, we can debate ad nauseam what effect this auction has on our own little corner of the world. But at the very least, when something like this 2915 brings such an obscene hammer price, the buzz will spill over into the popular press. And then interest in Speedmasters has got to increase, because both the well-heeled, and the medium well-heeled don’t want to be left behind. Look at the Rolex Newman market: after the crazy price one bought years ago, the models just under them jumped in value. So prices in all the Speedmaster collectible reference tiers could take a bump up. Great if you’ve already got a stash, not so good if not.


