How do you value an extract of the archives--literally?

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timoss

·Oct 14, 2020

Kind of a broad question but I am curious how others approach, for instance, bidding on an Ebay Speedmaster that doesn't have an extract. You are essentially rolling the dice on some percentage of the watch's value, all other things being equal.

On the flip side, what about watches that can't get an extract, because there "are no records" of it in the archives? How much, in your mind, would that drop the value? @Spacefruit's price chart, for instance, specifically states the values are for watches that can get an extract--what about the ones that can't?

 

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Dan S

·Oct 14, 2020

Depends on the details, specific reference, provenance, etc. Questions like this really can't be answered in the abstract IMO. Feel free to post photos of the particular watch you are considering.

 

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timoss

·Oct 14, 2020

I am not considering a particular watch. It has occurred to me often when watching people pony up large amounts of cash for Speedies on Ebay without any guarantee the 321 inside them is actually from that model. I know you can make a value judgment on the "likelihood" of originality based on a bunch factors, but you still might end up with only a very nice franken. If you need an example, here's one that popped up today:

https://www.ebay.com/itm/OMEGA-SPEE...e=STRK:MEBIDX:IT&_trksid=p2060353.m1438.l2649

 

This website may earn commission from Ebay sales.

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timoss

·Oct 14, 2020

Not necessarily a "nice" example... just an example....

 

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timoss

·Oct 14, 2020

Here's another example from here on OF: https://omegaforums.net/threads/omega-speedmaster-105-003-64-ed-white-with-7912-6-bracelet.106268/

No mention of an extract so for the sake of argument let's say there isn't one. How would you treat it?

 

D

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dmgreen11

·Oct 14, 2020

Those offered without extracts are like every single vintage Rolex ever sold (as well as dozens of other watch brands that do not have or provide extracts).

 

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timoss

·Oct 14, 2020

I disagree. The fact that they can have extracts make them very different cases.

 

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southtexas

·Oct 14, 2020

D dmgreen11

Those offered without extracts are like every single vintage Rolex ever sold (as well as dozens of other watch brands that do not have or provide extracts).

What about warranty paper for Rolex?

 

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Foo2rama

·Oct 14, 2020·Nowhere near as grumpy as he used to be...

As noted depends on the watch.

Most I could care less. Unworn or rare variations you want the extract.

 

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southtexas

·Oct 14, 2020

Foo2rama

As noted depends on the watch.

Most I could care less. Unworn or rare variations you want the extract.

I agree about Rolex papers, except I wouldn’t doubt a vintage Rolex if all the boxes are checked.

 

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Sherbie

·Oct 15, 2020

Even with an extract, there is no guarantee that the case being sold with the watch was the EXACT SAME CASE that the movement left the omega factory with

with Rolex papers, all this does (If the serial number of the paper matches the serial number on the case) is Confirm that the case And paper belong together - it does not confirm that the movement is original

 

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Sherbie

·Oct 15, 2020

Sherbie

Even with an extract, there is no guarantee that the case being sold with the watch was the EXACT SAME CASE that the movement left the omega factory with

with Rolex papers, all this does (If the serial number of the paper matches the serial number on the case) is Confirm that the case And paper belong together - it does not confirm that the movement is original

so both provide some level of reassurance, but are not to be relied upon as conclusive

listen to some of Williams videos - William talks about the “look” and “feel” of the watch - does the watch look right, does the bezel fit correctly, do the hands look correct, have all the parts aged uniformly etc

of course it helps being an expert to evaluate any collectable, but its good to learn from the masters

 

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Enzo

·Oct 15, 2020

A 'nice to have' I guess, but with the caveat at the top of the (newer) extracts, is it really worth anything...

 

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Vintagewtchzilla

·Oct 15, 2020

Sherbie

with Rolex papers, all this does (If the serial number of the paper matches the serial number on the case) is Confirm that the case And paper belong together - it does not confirm that the movement is original

funny that one still believes in rolex papers .....

 

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kov

·Oct 15, 2020

I used to order Extract for all of my Omega watches. Have probably ordered some 50+ over the years of collecting...

With the recent layout change and all the fantasy extract stories we can read here and there I think I’m done with extracts. 🙁

 

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Realtime

·Oct 15, 2020

I just ordered my first Omega Extract recently although I have owned several Omegas over the years. Based on everything I have read in the OF I felt it legitimizes a watch and supports it’s authenticity. Did I get that wrong?

 

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maxbelg

·Oct 15, 2020

Only reason for me to have an extract is to show that there isn't a franken-Seamaster movement in a Speedy I'm considering buying

Edited: Oct 15, 2020

 

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Wryfox

·Oct 15, 2020

Guys, an extract does not prove authenticity. It simply shows they have a record for the serial number, and if you're lucky...a few more details on *as built* configuration.

The physical watch in your hand may be very different.

Edited: Oct 15, 2020

 

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rcs914

·Oct 15, 2020

Wryfox

Guys, an extract does not prove authenticity. It simply shows they have a record for the serial number, and if you're lucky...a few more details on configuration.

The physical watch in your hand may be very different.

Right - I mean what good really is an extract on a watch that's been sent to Omega and completely rebuilt? Oh so that movement was originally in a Speedmaster, but the case, dial, hands, bezel, etc are all new.

 

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Dan S

·Oct 15, 2020

A "correct" extract just ensures that nobody can prove your watch is a franken. 😁