Wow, just watched this fetch £20000 plus premium

 

!!!! can you post the link to the auction please?

 

No problem
http://www.bonhams.com/auctions/22785/

 

Found it. £25,000 inc premium!
http://www.bonhams.com/auctions/22785/lot/206/

 

Thanks.

 

Wow that's a ton of cash.

Wish mine was a milspec

 

Crazy money....I really sometimes wonder who these Omega whales are....

They certainly don't seem to waste their time on forums!

 

It certainly seems a huge price increase from recent sales, however the military SM300 has long been undervalued.

 

I see Bonhams have a couple of milspec Rolex subs in their June 10th auction. Suspect they'll make this seem cheap.

 

A rarety even among the Omega milsp300's.
Dial, dial and dial.

 

It's certainly not bezel, bezel, bezel

 

Hi @LarryG

What makes this milspec dial better than other milspec dials. It's certainly very clean but I wouldn't have thought that it was that much nicer than others I've viewed.

Thanks

 

Any which way I look at it €35k is a ludicrous amount to pay for a 165.024. For the same money you could buy a handful of 2913´s and I know which I´d rather be wearing.

 

Agree wholeheartedly. I was interested until the bidding hit £8k. It's much like Comex on a Rolex, I just don't get the crazy prices.

 

Position of the T? Most are on the bottom.

 

If you google military Omega SM300 you'll see images of both.

 

I've never attended an auction in person. i'm a little more curious who is paying the insane prices. don't get me wrong, i've paid more than market value to obtain a watch i've wanted several times (negligible supply + high demand = no bargaining power). just a touch more curious since prices at these auctions (especially Phillips) seem insane. Plus, some of the sold pieces have not been exemplary.

 

I don't know about this auction specifically, but it is not hard to understand if you think about how much money people have. Let's say a guy has a net worth of $100MM (and there are a LOT of those guys, crazy as it sounds). Most of those guys have access to good investment opportunities, but for round numbers assume that they make a 10% annual yield on their net worth (this is just for discussion so don't criticize the assumption). That is $10MM a year of additional spending capacity (ignoring taxes). Overpaying on a watch by $20k is not even a rounding error. Look at art prices, vintage Ferrari prices, etc. Same issue. Or look at what Steve Ballmer paid for the Clippers; his price was several hundred million dollars more than the next highest bid, which was also from rich guys. With Ballmer's net worth, it really didn't matter.

 

I believe the 12 dial and small T (regardless of position) makes this one rare among the Omega MilSpeedos, though I too was stunned by the hammer price. But I've been surprised by a lot of hammer prices lately.

 

That's a beauty, but wow - that price...