My First Speedy: How did i do at the Watches of Knightsbridge Auction: 145.012-67

LouS · Mar 15, 2014

Spacefruit
from my own experience, buying fom an auction house is rarely satisfying. I've done it only for exceptionally rare pieces. And then paid too much!

Amen. Ditto selling through an auction house under normal circumstances. With the internet to disseminate information and provide an automated middleman, either in the form of auction sites or watch listing sites such as fora, there is little need to pay the middleman that much. We've seen auction houses fall down on their responsibility to vet for mechanical integrity and authenticity too often to pay for those services.

JohnSteed · Mar 15, 2014

IMHO the watch is a good pickup. Even if the first for Mr Luzer, considering a good service will clean it up pretty good, I think. Plus those 1039 bracelet prices are on the move, upward. Also, buying from an auction house may not get you the best price. ok. but seems a good pickup, still

But for a first purchase, you landed right in the sweet spot: don bezel, nice bracelet and dial. Crown, can just barely see it, but it looks good. Hold on to this one, for a long while ...

Over time your Speedie senses will be honed. Welcome. and Congrats!

citizenrich · Mar 16, 2014

I've never paid too much for a watch. I might have paid too little but I never paid too much.

most everyone who posts here is experienced at the game so you know exactly what I mean.

SpikiSpikester · Mar 16, 2014

JohnSteed
Crown, can just barely see it, but it looks good. Hold on to this one, for a long while ...

Crown was the original 😉.

initialjh · Mar 16, 2014

can i congratulate you on a lovely watch and the lovely 1039 bracelet.

This is your first Speedy 321 and it won't be the last. It's a good start. Have the watch serviced and it'll serve you well for many years.

Don't worry about what price you paid - you are happy and that's it!

Look forward to you receiving the watch soon.

Spacefruit · Mar 16, 2014

citizenrich
I've never paid too much for a watch. I might have paid too little but I never paid too much.

most everyone who posts here is experienced at the game so you know exactly what I mean.

oh yes

MSNWatch · Mar 16, 2014

citizenrich
I've never paid too much for a watch. I might have paid too little but I never paid too much.

most everyone who posts here is experienced at the game so you know exactly what I mean.

Theoretically good but you can miss out on some really good ones this way. I try not to overpay as well but some of the best vintage watches I have are those that I "overpaid" for at the time but looking back now look like great deals. And my greatest regrets in this hobby are the watches I didn't "overpay" for - they linger in my memory while my greatest bargains are quickly forgotten (well most of them anyway).

LouS · Mar 16, 2014

MSNWatch
And my greatest regrets in this hobby are the watches I didn't "overpay" for - they linger in my memory while my greatest bargains are quickly forgotten (well most of them anyway).

Golly yes - false economy. Of course we have been blessed with constantly rising values for these little babies we collect for years now.

cicindela · Mar 16, 2014

MSNWatch
Theoretically good but you can miss out on some really good ones this way. I try not to overpay as well but some of the best vintage watches I have are those that I "overpaid" for at the time but looking back now look like great deals. And my greatest regrets in this hobby are the watches I didn't "overpay" for - they linger in my memory while my greatest bargains are quickly forgotten (well most of them anyway).

I think Frank means that he may have paid a lot for a watch that might have seen excessive, but that the watch was exceptional and worth paying that premium now or in the future, so therefor he did not pay too much.. If I am incorrect I am sure he will tell us 😉

Spacefruit · Mar 16, 2014

MSNWatch
Theoretically good but you can miss out on some really good ones this way. I try not to overpay as well but some of the best vintage watches I have are those that I "overpaid" for at the time but looking back now look like great deals. And my greatest regrets in this hobby are the watches I didn't "overpay" for - they linger in my memory while my greatest bargains are quickly forgotten (well most of them anyway).

i think we are all saying the same thing.
IE that overpaying for a good watch is not overpaying in the long run.

i never remember how much I paid for a great watch after a while.
but everytime I look at a less expensive one, with a problem, I remember exactly how much it cost.

LouS · Mar 16, 2014

Spacefruit
i think we are all saying the same thing.
IE that overpaying for a good watch is not overpaying in the long run.

i never remember how much I paid for a great watch after a while.
but everytime I look at a less expensive one, with a problem, I remember exactly how much it cost.

Let us quote bon vivant and kite enthusiast Ben Franklin: " the bitterness of poor quality remains long after the sweetness of low price is forgotten."

and its watch-collecting corollary "The sting of a high price is obliterated by the sweetness of a beautiful object"
http://omegaforums.net/threads/the-ben-franklin-corollary.7359/

cicindela · Mar 16, 2014

Alright now, everyone gather around Dennis as he leads us in round of Kumbaya 😁

citizenrich · Mar 17, 2014

MSNWatch
Theoretically good but you can miss out on some really good ones this way. I try not to overpay as well but some of the best vintage watches I have are those that I "overpaid" for at the time but looking back now look like great deals. And my greatest regrets in this hobby are the watches I didn't "overpay" for - they linger in my memory while my greatest bargains are quickly forgotten (well most of them anyway).

sorry if my language was a bit clumsy but I meant exactly what you wrote.

Dablitzer · Mar 17, 2014

citizenrich
sorry if my language was a bit clumsy but I meant exactly what you wrote.

I understand what you mean mate. But what I wanna know now is, how much is your too much?!! 😗 😉

Northernman · Mar 17, 2014

How about this one then? Sold on auction in Denmark yesterday. Including fees it will end up around GBP3800!

http://www.lauritz.com/no/auksjon/omega-speedmaster-professional-armbaandsur/i3334049/

Are the prices still rocketing?

Northernman · Mar 17, 2014

D Dablitzer
I understand what you mean mate. But what I wanna know now is, how much is your too much?!! 😗 😉

Too much is when you have to chose a cheaper Whiskey due to the purchase..... 🍺

Dablitzer · Mar 17, 2014

Northernman
Too much is when you have to chose a cheaper Whiskey due to the purchase..... 🍺

Wow....I must be doing something wrong...? all I can seem to afford is water. I'll leave this one as a rhetorical 😉

luzer · Mar 17, 2014

initialjh
can i congratulate you on a lovely watch and the lovely 1039 bracelet.

This is your first Speedy 321 and it won't be the last. It's a good start. Have the watch serviced and it'll serve you well for many years.

Don't worry about what price you paid - you are happy and that's it!

Look forward to you receiving the watch soon.

thank you all for the advice, constructive criticism, and general words of support. appreciate it all.

now on to purchasing, servicing, and strapping.

a forum member reached out to me suggesting i service the watch in the UK (mentioned some names), and save on tax (i am in the USA, NYC).
any advise on this one? sending my brand new purchase directly from the auction house to another person sounding against my instinct, but i am sure i have something to learn here, too.

thoughts?

CJ

luzer · Mar 17, 2014

luzer
thank you all for the advice, constructive criticism, and general words of support. appreciate it all.

now on to purchasing, servicing, and strapping.

a forum member reached out to me suggesting i service the watch in the UK (mentioned some names), and save on tax (i am in the USA, NYC).
any advise on this one? sending my brand new purchase directly from the auction house to another person sounding against my instinct, but i am sure i have something to learn here, too.

also, what type of servicing would it need?

woodwkr2 · Mar 17, 2014

How would that save you on taxes?--wouldn't you pay VAT instead of USA customs?

It cuts out one more time that you have to risk it in the mail, so I think it's a great idea.

I can think of two UK based watchmakers (who both take plenty of pictures) that I could recommend. Sounds like you've gotten some input there, but PM me if you want me to pass along the names.

My First Speedy: How did i do at the Watches of Knightsbridge Auction: 145.012-67

LouS

JohnSteed

citizenrich

SpikiSpikester

initialjh

Spacefruit

MSNWatch

LouS

cicindela

Spacefruit

LouS

cicindela

citizenrich

Dablitzer

Northernman

Northernman

Dablitzer

luzer

luzer

woodwkr2

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