Gold Speedmaster - was it a bargain?

TheGreatKat · Dec 15, 2022

Sotheby's sold recently this nice looking gold speedmaster for less than $12K (premium including). I saw it after an auction so could not try my chances. It's quite a bit lower than estimates and the price looks very attractive to me. Last years all the gold speedies went pretty high with prices and I remember that few years back we could buy such a watches around 10k but I thought it's long time gone.

Am I missing something here? Is something wrong with a watch? Please tell me so and I'll sleep better 😀
Or... it's a recession thing and we will see more offers like that?

Also the link to the auction here:

https://www.sothebys.com/en/buy/auc...-145-0052-speedmaster-a-yellow-gold?locale=en

Wryfox · Dec 15, 2022

Seems to me to be about right. No band, box, papers.

Ocean · Dec 15, 2022

I do now know how other people think but for me 12K it's not a bargain..

inchpincher · Dec 15, 2022

I like that too, gold and black is such a winning combo. I’d say $12K is on the low side and I dare say the buyer was happy and the seller not so.

Evitzee · Dec 15, 2022

Some people never consider an 18k gold cased watch a bargain because it is always more expensive than steel. But for what it is this watch sold on the low side of what the market would usually value it. Throw in a service and a new strap and someone has a great watch for about $13k total.

TheGreatKat · Dec 16, 2022

Yeap, my first thought was if someone offer me a gold moonwatch for 12k I would take it! So waiting for your offers (for all of you thinking its a good deal for seller ).

Aludic · Dec 16, 2022

Yup. I have to admit I was tempted. Backed out thanks to Brexit; adding 21% on top upon import in the EU makes it much less attractive for me to acquire.

Morlock · Dec 16, 2022

A Gold Speedy in 12K is bargain even more it was sold thru a big auction house.

bigsom · Dec 16, 2022

This was definitely a bargain.

gmmy775 · Dec 16, 2022

After just reading the post concerning the 2998-1 in not terrific condition going for 19K pounds, this looks super attractive at 12K (I am guessing US). I understand that this is apples and oranges, and that the 2998-1 reference has its own particular legacy, charm, and value, but I would prefer to wear this watch. When you factor in that at these same auctions a ten year-old SS Nautilus can easily hit 100K it makes you wonder "what is rarity and desirability"?

Foo2rama · Dec 16, 2022

with buyer premium, it was at market if not a bit high. It a pretty tired modern piece... I mean it is decently sharp but that is alot of tarnish for a piece from 95.

mac_omega · Dec 16, 2022

gmmy775
a ten year-old SS Nautilus can easily hit 100K

Don´t get me wrong - I like Pateks very much and I have some really nice vintage pieces myself. But I do not understand the hype about Nautilus. This reminds me of "the emperor's new clothes".The Nautilus is one of the worst designs Patek ever created in stainless steel watches, only the "Aquanaut" is uglier...
Patek should not have tried to make a "sports" watch just to rival Rolex or Audemar Piguet - They should stick to what they do best, aesthetic classic watches. But with newly developed movements with new modern materials as they already do.

dsio · Dec 16, 2022

mac_omega
Don´t get me wrong - I like Pateks very much and I have some really nice vintage pieces myself. But I do not understand the hype about Nautilus. This reminds me of "the emperor's new clothes".The Nautilus is one of the worst designs Patek ever created in stainless steel watches, only the "Aquanaut" is uglier...
Patek should not have tried to make a "sports" watch just to rival Rolex or Audemar Piguet - They should stick to what they do best, aesthetic classic watches. But with newly developed movements with new modern materials as they already do.

I like the Nautilus but I like it at MSRP, the Aquanaut is one of the worst watches they’ve ever made though and a bloke I know locally bought one on bracelet for $60k recently. I rather untactfuly said to him you do realise the only reason anyone is paying that for an Aquanaut is because the price of the Aquanaut got dragged out of the gutter by people who wanted a Nautilus but couldn’t afford the scalper price on that and settled for the junk brother. It’s weird in that even the real Aquanauts to me look like a counterfeit watch because the date window looks so half-arsed and jammed into the edge of the dial with just an unpainted hole and no effort made with it.

Its like the Porsche 924 2.0 of Patek Philippe.

gmmy775 · Dec 16, 2022

Foo2rama
with buyer premium, it was at market if not a bit high. It a pretty tired modern piece... I mean it is decently sharp but that is alot of tarnish for a piece from 95.

Illuminating. I consider myself as having been enlightened by someone who is more familiar with current auction values than myself. Until I pull the trigger on a big boy Speedy, I have only made a couple of acquisitions just north of 2K, so I have much to learn.

gmmy775 · Dec 16, 2022

dsio
I like the Nautilus but I like it at MSRP, the Aquanaut is one of the worst watches they’ve ever made though and a bloke I know locally bought one on bracelet for $60k recently. I rather untactfuly said to him you do realise the only reason anyone is paying that for an Aquanaut is because the price of the Aquanaut got dragged out of the gutter by people who wanted a Nautilus but couldn’t afford the scalper price on that and settled for the junk brother. It’s weird in that even the real Aquanauts to me look like a counterfeit watch because the date window looks so half-arsed and jammed into the edge of the dial with just an unpainted hole and no effort made with it.

Its like the Porsche 924 2.0 of Patek Philippe.

Ouch. Being compared to a 924 is one of the harsher, and perhaps spot on, critiques (of many) concerning the Aquanaut. It even more influential coming from dsio, who is one of my favorite reads on OF. I do follow the logic, though I never have had that visceral of an opinion about that model. I am wondering if mac_omega gets invited to the Patek xmas party [grin]. Ok, I am wildly off topic now

Foo2rama · Dec 16, 2022

gmmy775
Ouch. Being compared to a 924 is one of the harsher, and perhaps spot on, critiques (of many) concerning the Aquanaut. It even more influential coming from dsio, who is one of my favorite reads on OF. I do follow the logic, though I never have had that visceral of an opinion about that model. I am wondering if mac_omega gets invited to the Patek xmas party [grin]. Ok, I am wildly off topic now

The 924 is wrongly misaligned.

the 928 has serious issues. I’d take a 924gts all day long and the people that claim Audi blah blah blah can go f themselves.

gmmy775 · Dec 17, 2022

Having never owned a porsche I confess I was perpetuating the conventional wisdom that the 944 was terrific, and that the 924 was only the weaker sibling. I do know enough about the marque to know that once they added GTS to the nameplate that some serious engineering was afoot

TheGreatKat · Dec 17, 2022

I wonder how it went to porsche thing so much but I can see that opinions are devided. Both for gold moonwatch for $12k and for Porsche 924 😉

Gold Speedmaster - was it a bargain?

TheGreatKat

Wryfox

Ocean

inchpincher

Evitzee

TheGreatKat

Aludic

Morlock

bigsom

gmmy775

Foo2rama

mac_omega

dsio

gmmy775

gmmy775

Foo2rama

gmmy775

TheGreatKat

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