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bazamu
·Market is most definitely softening, this was a $12k watch 12 months ago, per Speedmaster 101.
Expectations need to be reset accordingly.
I think this is quite nice on Ebay 105012
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ATWG
·I’m certainly no expert like most on this forum, however, if you think the market is as strong as 12-18 months ago, you’re mistaken. No way could you buy a pre-moon under $7k, which is now readily available. The Speedy market certainly isn’t going up, and was mostly going side ways for a good bit. Now I definitely see it trending lower, not just b/c of one ebay sale as you point out. Even the coveted mint DONs which were fetching close to $5k are trending lower.
This is not specific to Speedmaster, vintage Rolex is also in somewhat of a sideways trend as well.
Heck, who am I here to make this observation, as I said there are plenty resident experts here who I’m sure point out I’m wrong.
One thing for sure, my gut isn’t wrong many times.
This is not specific to Speedmaster, vintage Rolex is also in somewhat of a sideways trend as well.
Heck, who am I here to make this observation, as I said there are plenty resident experts here who I’m sure point out I’m wrong.
One thing for sure, my gut isn’t wrong many times.
Edited:
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MikeMan2727
·Expectations need to be reset accordingly.
As does the price chart...seems to increase no matter what the market does...
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MaiLollo
·I’m certainly no expert like most on this forum, however, if you think the market is as strong as 12-18 months ago, you’re mistaken. No way could you buy a pre-moon under $7k, which is now readily available. The Speedy market certainly isn’t going up, and was mostly going side ways for a good bit. Now I definitely see it trending lower, not just b/c of one ebay sale as you point out. Even the coveted mint DONs which were fetching close to $5k are trending lower.
This is not specific to Speedmaster, vintage Rolex is also in somewhat of a sideways trend as well.
Heck, who am I here to make this observation, as I said there are plenty resident experts here who I’m sure point out I’m wrong.
One thing for sure, my gut isn’t wrong many times.
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bazamu
·I’m certainly no expert like most on this forum, however, if you think the market is as strong as 12-18 months ago, you’re mistaken. No way could you buy a pre-moon under $7k, which is now readily available. The Speedy market certainly isn’t going up, and was mostly going side ways for a good bit. Now I definitely see it trending lower, not just b/c of one ebay sale as you point out. Even the coveted mint DONs which were fetching close to $5k are trending lower.
While I do not try to extract every ounce of profit from opportunistic watch purchases that I sell on ("fast nickels over slow dimes"), I feel that Speedies that are priced realistically sell quite fast, while people trying to extract every penny from their "Good" examples tend to see much longer / more arduous sales. Some of my examples from the past 18-24 months below, which do not differ materially from prices today (and in some cases were lower):
https://omegaforums.net/threads/omega-speedmaster-professional-105-012-65-serviced.70695/
https://omegaforums.net/threads/omega-speedmaster-105-003-64-fully-serviced.68637/
https://omegaforums.net/threads/omega-speedmaster-145-022-68-transitional.90828/
https://omegaforums.net/threads/vintage-omega-speedmaster-145-022-74-step-dial.93011/
For examples that are in good condition, are fresh to market, and are sold at a realistic price level, demand remains very high. This is from my own experience, but I would wager that many dealers / collectors on here would agree. I didn't mean to write such a long form response, but I've seen the same rhetoric a lot recently in this forum and I don't feel that it's totally warranted in many cases.
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ATWG
·I think your examples are not the norm but the exception which is why your watches sell quickly. You price them aggressively and they fly off the shelf. I don’t disagree that the price of the top ended market is different than the rest, but thats only reflective of a small sliver of the market place. My comment is more directly tied to watches that appear on eBay or here which most of the time are average/slightly above average condition. Yes, there are at times exceptional pieces that come up, but those are far and few in between.
by no means is this rhetoric, it’s reality.
by no means is this rhetoric, it’s reality.
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bazamu
·I think your examples are not the norm but the exception which is why your watches sell quickly. You price them aggressively and they fly off the shelf. I don’t disagree that the price of the top ended market is different than the rest, but thats only reflective of a small sliver of the market place. My comment is more directly tied to watches that appear on eBay or here which most of the time are average/slightly above average condition. Yes, there are at times exceptional pieces that come up, but those are far and few in between.
by no means is this rhetoric, it’s reality.
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harrymai86
·So it is time to buy the grails we are looking for 😁😁😁?
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killer67
·Maybe a dumb question but here goes: is a great collector grade speedy essentially one with a great case, dial, and all original parts? Or are we talking specific provenance (eg., original owner watch etc)?
I think it’s the former, but I’m asking as I hunt down excellent examples myself
I think it’s the former, but I’m asking as I hunt down excellent examples myself
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Badwolf
·
Some may have great stories attached to them, but ultimately it is condition and originality that dictates desirability. A collector will always want it as close to how it came from the factory. Obviously there is going to be a certain amount of ageing, with some being more attractive than others. Tropical dials will also be sought after.
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killer67
·Some may have great stories attached to them, but ultimately it is condition and originality that dictates desirability. A collector will always want it as close to how it came from the factory. Obviously there is going to be a certain amount of ageing, with some being more attractive than others. Tropical dials will also be sought after.
ok good then I have a chance to find a collector grade example because true, verifiable original owner watches have been hard to source for mere mortals
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Badwolf
·
I would suggest getting the Moonwatch Only book in that case, if you don’t already have it. That will help negotiate the minefield of determining originality.
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michael e
·Who has got a collector grade Speedmaster? 1957-71 Please show me 👍
If I think I know what one is then I have only seen very small numbers over many years, a few on here but very rarely do I see any for sale.
Always great to see Mike's watches which I consider as my idea of collector grade but any other collector grade Speedmasters out there?
Don't be shy!
If I think I know what one is then I have only seen very small numbers over many years, a few on here but very rarely do I see any for sale.
Always great to see Mike's watches which I consider as my idea of collector grade but any other collector grade Speedmasters out there?
Don't be shy!
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harrymai86
·Who has got a collector grade Speedmaster? 1957-71 Please show me 👍
If I think I know what one is then I have only seen very small numbers over many years, a few on here but very rarely do I see any for sale.
Always great to see Mike's watches which I consider as my idea of collector grade but any other collector grade Speedmasters out there?
Don't be shy!
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JanV
·Who has got a collector grade Speedmaster? 1957-71 Please show me 👍
If I think I know what one is then I have only seen very small numbers over many years, a few on here but very rarely do I see any for sale.
Always great to see Mike's watches which I consider as my idea of collector grade but any other collector grade Speedmasters out there?
Don't be shy!
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michael e
·Probably not such an big exercise to use the Search function to find the real nice gems here on OF.
I know how to use the search function thank you and I think I have seen most of the Speedmaster threads going back a long time.
What I wanted to see is how many (considered) collector grade Speedmasters are around on this forum or that have been seen anywhere else, very very few I should imagine.
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Deafboy
··His Holiness Puer SurdusSo far the NOS 2998 from Mike is the best I have ever seen.
I'm curious to see a picture of the said watch. Amongst the 52,769 members on the forum, who is "Mike"?
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JwRosenthal
·I think the comments on the condition divide is the most important as it relates to how the market has changed in just the last year or two- buyers of $$$ vintage watches are becoming much more discriminating. Just watching the market in regards to one of my pieces- a Rolex 16750, 2 years ago you could throw a beater up at top dollar and someone would grab it. But now you see the beaters sit and the best examples still climb to the stratosphere. I think sellers need to become more realistic about what they have and acknowledge that the market isn’t soft- it’s just your watch isn’t that good. That said, a mid-grade piece will still move fast if priced aggressively, it just takes the seller being able to have a little humility about their piece and let the market decide what it’s worth (like the OP watch).
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BenBagbag
·I'd love to make a scatterplot which shows how many people think market is "soft" or "strong" along with how many Speedmasters they own. I'm not sure I could be intellectually honest enough to say market has softened if I had 10+ Speedmasters in my collection.
