I lost my first Omega Seamaster Ebay Auction

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Omegamonkey

·Feb 27, 2021

I have been following the forum for awhile and wanted to see if I have learned enough to be dangerous to my wallet. I try to follow the "how to fish" info and have passed on many watches over the past months from what you have taught me. I also use Omega Enthusiast as my higher retail benchmark for prices to get an upper price range. The following auction ended tonight and this was my thoughts before I bid. Non pro seller, limited photos, bid up to high $600s, early by active watch buyers. For all I know the case might have been empty but one way to learn a lesson. I spent a fair amount time comparing to an OE 1958 Seamaster and it appeared good to me (remember I know nothing). I bid $825 in last minute (previous price was $690) and it sold at $880. While I know I was taking a chance on the movement but was I wrong about the dial, crown, hands, etc?? Thanks for your patience with new collectors. I appreciate your feedback https://www.ebay.com/itm/Vintage-Om...=true&nordt=true&rt=nc&_trksid=p2047675.l2557

 

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CaliberKingPin

·Feb 27, 2021

I’m no expert and just starting out too but to my untrained eye it looked like a nice watch to me.

There will be others!

 

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seekingseaquest

·Feb 27, 2021

Looks like a nice watch but definitely polished. I think you can find a nice gold capped Seamaster for cheaper, with some patience.

 

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dsio

·Feb 27, 2021·Ash @ ΩF

Mate it could be worse, I was bidding on my SMPP in my avatar about 7 years ago and really wanted it, to the point that I was going to bid $5,000 for it. I set a max bid of $50,000 by mistake, thankfully it ended around $5k-ish and I didn’t lose a mint.

There are many of these Seamasters, Omega made them in enormous numbers and built them to such a high standard that the survival rate is very high. The total number of these Calibre 5xx series Seamaster and Constellations from that golden era is like 30 million units or something just to put it into perspective.

 

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arkman

·Feb 27, 2021

I think it was a good first foray into the Ebay market. If you had got it for $825, it would have been a fair price, but as dsio points out, there are a lot more of these to be had.

 

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Dan S

·Feb 27, 2021

Price is in the right ballpark IMO, but no bargain. Especially after taxes.

 

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11Tenths

·Feb 27, 2021

Uh oh, you just helped me discover Omega Enthusiast's site.

Could be trouble.

 

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mrbreen

·Feb 27, 2021

11Tenths

Uh oh, you just helped me discover Omega Enthusiast's site.

Could be trouble.

Looked like a nice watch on auction. I dunno... it’s never totally possible to assess with eBay photos, but if the dial and lume are really in that good condition, I think the OP watch would be at least ~2x more expensive on Omega Enthusiast. It would be serviced though.

 

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CaliberKingPin

·Feb 27, 2021

Dsio really $50k. Wow that is a crazy story ! Did you almost faint when you realized that.

Ok maybe I’m just old but what does OP stand for? I only know it as Over Powered for gamers, original post of forums?

Neither of these seem to fit the post above?

 

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rob#1

·Feb 27, 2021

CaliberKingPin

Dsio really $50k. Wow that is a crazy story ! Did you almost faint when you realized that.

Ok maybe I’m just old but what does OP stand for? I only know it as Over Powered for gamers, original post of forums?

Neither of these seem to fit the post above?

Yep, Original Post (or Poster)

 

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Shabbaz

·Feb 27, 2021

 

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apsm100

·Feb 27, 2021·Noob taxpayer

dsio

Mate it could be worse, I was bidding on my SMPP in my avatar about 7 years ago and really wanted it, to the point that I was going to bid $5,000 for it. I set a max bid of $50,000 by mistake, thankfully it ended around $5k-ish and I didn’t lose a mint.

Going to bid 51K on all future auctions. 😝

 

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dsio

·Feb 27, 2021·Ash @ ΩF

CaliberKingPin

Dsio really $50k. Wow that is a crazy story ! Did you almost faint when you realized that.

Ok maybe I’m just old but what does OP stand for? I only know it as Over Powered for gamers, original post of forums?

Neither of these seem to fit the post above?

OP = original post or original poster in a thread, first post or person who made it typically

 

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dsio

·Feb 27, 2021·Ash @ ΩF

CaliberKingPin

Dsio really $50k. Wow that is a crazy story ! Did you almost faint when you realized that.

Ok maybe I’m just old but what does OP stand for? I only know it as Over Powered for gamers, original post of forums?

Neither of these seem to fit the post above?

Here’s the thread where it happened:

https://omegaforums.net/threads/dennis-seamaster-pie-pans-twin-on-ebay.862/

 

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JwRosenthal

·Feb 28, 2021

Someone wanted it more than you, that’s what it always comes down to. Auctions that are “nice to have”, I bid what I think is a fair deal, in my favor. It’s a 50/50 shot if I get them. If I really want it, I go balls to the wall- I don’t let anyone take it from me. I always win those- sometimes I pay way more than I thought was rational, sometimes I actually get a good deal. But I never regret buying those and in the end, realize that what I thought was foolish turned out to be a smart buy.

 

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CaliberKingPin

·Feb 28, 2021

Thanks crazy dsio. Good story thou.

 

S

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slavedata

·Feb 28, 2021

The thing about ebay is how much do you want to pay. I set a snipe at the maximum I want to pay and then forget it. If I win I win if I don't its sold to high in my opinion and I am glad I wasn't tempted to bid more. Different in online real auctions where the auctioneer will tell people in the room one more bid could have it. Then I will put my bid in ahead below my maximum, watch the auction live and be prepared to stick in another bid.

 

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Dsplash

·Feb 28, 2021

dsio

Mate it could be worse, I was bidding on my SMPP in my avatar about 7 years ago and really wanted it, to the point that I was going to bid $5,000 for it. I set a max bid of $50,000 by mistake, thankfully it ended around $5k-ish and I didn’t lose a mint.

There are many of these Seamasters, Omega made them in enormous numbers and built them to such a high standard that the survival rate is very high. The total number of these Calibre 5xx series Seamaster and Constellations from that golden era is like 30 million units or something just to put it into perspective.

Lucky for you you were the only one who made that mistake on this auction!
The seller would have had a heart attack seeing a 50k final price! 😁

 

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Omegamonkey

·Feb 28, 2021

Thanks for all the feedback. I feel good knowing I was on the right track and know there will be many more opportunities in the future. Back to the hunt...

 

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JwRosenthal

·Feb 28, 2021

If you like this style of Seamaster, we have one currently in our FS section but it’s the cooler date at 6 Calender. This thing is awesome. Much safer buying here than on eBay.

https://omegaforums.net/threads/ome...ic-ref-ko-2627-8-sc-watch-caliber-355.126200/