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  1. Spacefruit Prolific Speedmaster Hoarder Dec 6, 2021

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    Link to Speedmaster Listings here

    Starts off sensible:
    52.JPG

    With the 1039 bracelet and 516 endlinks, this watch might have been a great pickup.

    I am aware the bezel and hand condition are poor, but the overall watch for the price is good. HKD 40,000 is USD $5,100. Show me another -71 on the market for that price, that you would rather have.

    52 close.JPG






    Next is an amazing price for a 145.012:

    211.JPG

    This is a standard 145.012 as far as I can see, with an extract. HKD 400,000 is $51,200. Is this a typo?

    The only explanation I can think of is that someone applied for an extract using the photo of an Ultraman, as the serial is very close, (though not inside) the proposed accepted range. See here.

    Note the wrong bezel

    211 close.JPG










    Next we have another problematic watch, with non original parts, an Omega document, and a price that is double that of the last known sale for a correct, perfect example:



    212.JPG



    This sold for twice the estimate, and at HKD237,000 is equivalent to USD just over USD $30,000.

    It is a transitional, and comes with a certificate of authenticity. I am shocked that this is what Omega are doing, which is basically legitimizing a franken watch.

    This watch carries a non original movement, and a non original bezel. That this has been "blessed" by an Omega document, begs the question, what is that document worth in the future?

    Nothing.

    Note incorrect bezel.
    212 close.JPG





    Here is an Ultraman that at least appears genuine, if an All Time High price.

    219.JPG


    At HKD 812,500 this is USD $104,160 - is this a record for an Ultraman?

    If I had to fall on one side or another, I would say the Orange hand is from the Alps of Vietnam. It is way to clean and perfect, compared to the rest of the watch.

    It just did not seem very attractive, but Ultra-fever won through.

    Look at the hand - It is clean, and flat. It just looks out of place to me - the rest of the watch is tired

    219 close.JPG




    It doesnt stop
    Ed White Owners will all be re calibrating values....

    220.JPG

    At HKD 812,500 again this is $104,160. Again I ask myself, are these typo's?

    The dial is a snowflake dial. Thats not a good thing.

    220 close.JPG

    So can someone confirm if these prices were real, or is there an AQ intern being flogged for writing in the wrong prices?
     
    Edited Dec 6, 2021
  2. hanky6 Dec 6, 2021

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    upload_2021-12-6_19-33-11.jpeg
    Does it have a Mk 2 minute hand?
     
  3. ndgal Dec 6, 2021

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    Midcase & minute hand are incorrect for a 145.012.
     
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  4. Scarecrow Boat 5000 Candles in the Wind Dec 6, 2021

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    red crowned and hanky6 like this.
  5. Spacefruit Prolific Speedmaster Hoarder Dec 6, 2021

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    MkII hand is too short.

    I suspect the Mk4.5 is also short.
     
  6. gemini4 Hoarder Of Speed et alia Dec 6, 2021

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    Hopefully, after spending $104k, the Ed White buyer can still afford correct pushers. ::facepalm2::
     
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  7. Dan S Dec 6, 2021

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    How can these prices be right?
     
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  8. 140dave Dec 6, 2021

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    Wow, anyone want to buy a -68? I'll only charge you 2/3 of that price and mine is way nicer.... :rolleyes:

    The EOA that the -68 watch is on in the pictures cant be the right one....they say a COA in the listing, show an EOA, and the info in the listing (date etc) does not match what is on the EOA in the picture. Weird indeed, or just really sloppy, or a bit of both.
     
  9. Aludic wonders how, continuously Dec 6, 2021

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    Right, so, what kind of currency was this auction ran in?

    (Peanuts?)
     
    watchyouwant likes this.
  10. Dgercp Dec 6, 2021

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    Maybe they rented out Aural Bacs?
     
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  11. studeb Dec 6, 2021

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    Does anyone here follow the art market? Has it gone mad as well? I know there was a Frieda Kahlo that went for 10x (?) the last piece sold, so is the fine art auction business now becoming mad? Money parking? Is there a crash coming we mortals should know about?
     
    watchyouwant likes this.
  12. oddboy Zero to Grail+2998 In Six Months Dec 7, 2021

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    I mean, I guess if bidders with *very* deep pockets are coming out to play, what's and extra $80K or more?

    I just hope these show as anomalies and don't throw the whole (Speedy) market off. I mean sure, I wouldn't mind $100K for an Ed White I have in the watch box, but if that's where they're headed, I will have a harder time justifying wearing them, and that's the whole point for me.

    I got no explanation other than typos or people with WAY too much money.

    is there a way to tell if the transactions complete successfully once the excitement of the auction is over?
     
  13. Om3ga321 Dec 7, 2021

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    Looks like the Rolex crowd has moved onto Omegas if these prices are correct.
     
    Dr No, watchyouwant and marco like this.
  14. harrymai86 Dec 7, 2021

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    nothing makes sense anymore.
     
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  15. Davidt Dec 7, 2021

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    I can’t believe these prices will stick. There’s simply too many 60’s Speedmasters out there (although you could say the same about 60’s/70’s Subs but Omega doesn’t have the widespread popular appeal that Rolex has).

    Must either be a mistake or it’s a temporary extension of the pissing contest we saw with the recent 2915 sale.
     
    Mark020 likes this.
  16. Dero13 4 watches. All set to the wrong time. Dec 7, 2021

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    I heard that 2915 was sold to Hong Kong and this auction was also in HK... I wonder if there's something to that relationship. Anyways, I think those prices are crazy
     
  17. Dash1 Dec 7, 2021

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    With the trajectory that Hong Kong is on, could we be seeing some people turning savings into easily transportable valuables, ready to emigrate at short notice? I wonder if the value of jewellery has also increased locally.
     
  18. kaplan Dec 7, 2021

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    I really really don't think so, what's the point of overpaying for a watch in a time of crypto currencies - but I also believe something is amiss

    Maybe what we miss is that for someone with potentially infinite money, there's no other practical way to add an Omega to the collection, they just don't care and get one from an auction they socially visit?
     
    Mark020 likes this.
  19. stonestone Dec 7, 2021

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    I thought I recognised that watch. It sold at AQ's May auction in Geneva for CHF 6,875. I checked it out during a showing of select items in Hong Kong ahead of the show. So someone apparently bought it and flipped it in less that a year for a cool 300% profit.
     
    Denarius likes this.
  20. M'Bob Dec 7, 2021

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    We've come a long way, baby...

    https://omegaforums.net/threads/will-the-ed-white-soon-be-a-5-figure-watch.13940/
     
    oddboy and gemini4 like this.