Is it me or did this speedy go for wayyy cheap

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Was watching this auction on a 69 DO90 speedy that ended at $5200 with papers...

https://www.ebay.com/itm/Omega-Spee...vip=true&rt=nc&_trksid=p2047675.m43663.l44720
With 45 bids from 12 different bidders over a 5 day auction, it's not like anyone got a steal of a deal; this seems like a reasonable market-set price for this watch. May be lower than comparable watches because of condition, location, or seller feedback.
 
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With 45 bids from 12 different bidders over a 5 day auction, it's not like anyone got a steal of a deal; this seems like a reasonable market-set price for this watch. May be lower than comparable watches because of condition, location, or seller feedback.

Or because the market price is taking a bit of a dip for common Speedmaster variants and matte dial Rolex sport models (which are also incredibly common). And maybe that's what you are implying.

I know this is an endless and somewhat boring speculative conversation and I'm not really looking to stoke the flames, but we all know that prices go both directions if you wait long enough. Each of us should be carefully tracking auction prices (separately from dealer prices), and being honest with ourselves about the market.