Omega 2915-1 “Speedmaster” at UK Auction

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I have a clone of the sold watch and I am now happy to know, what to ask when offering it

"Collectors" (i.e. those who are semiprofessional resellers) want to buy for nothing and to sell wildly overpriced (as to my experience at least a factor 2). Auction results typically are just inbetween and a realistic market value. 😎
 
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reminds me.... 😉

Look
If you had one shot, or one opportunity
To seize everything you ever wanted
One moment
Would you capture it or just let it slip?
Yo


 
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This watch was a bargain, if you can use the parts
The bezel and hands were real, and will change another watch from undesirable to desirable.
A truly correct 2915 is worth 125,000 + unless it has attraction issues. Usually more if it has minimal damage.
Recently an auction house sold a 2915 for about 50,000 with wrong hands and wrong bezel…
Put the two together….
 
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Someone paying this amount will of course have an oval O dial and know how to source a correct movement. This project will turn an early 2998-1 or 2915-3 into a correct 2915-1 for a lot less than what the result will be worth. Heck.. It is even worth the money if you had a -2. Especially if you had an AM bezel.

No one is paying this money to wear it as is.
 
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For what it is worth I know of at least two big vintage watch IG accounts that posted this many days ago as a ”potential project to go cheap”. I think it is naive to think this post made a huge difference. £21k all in is still cheap for someone needing this.

Still it would have been nicer to wait the auction out. Just to not have to have this discussion. 😀
 
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I was literally in a dodgy brewery in London and a dude who wasn’t a watch guy showed me the listing (when it was at £500) .. “it’s a SPEEDMASTER from 1958” I explained it didn’t look like one but there were some positives going on.

I then proceeded to look it up.

it certainly wasn’t flying under the radar… but anyway congrats to the buyer and I hope they can get it to something they are proud of.

there’s a 2915 dial for auction very soon as well.. but don’t wanna spoil the party for anyone.
 
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I live not too far away so went to have a look in person. The bezel was genuine imo and in fair condition. Apparently it came from a house clearance and they had no idea of it’s value until the online bids started racking up online.
My pics are even worse than the auctioneers ones though:

amazing that you got to see it in the metal.


I was reluctant to call the “repair” a service.

What do you think the story is behind the missing serial number? I guess you didn’t get to open it up while you were there.

it’s a miracle the thing didn’t end up in the bin.. I’ve seen some of these house clearances.
 
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Dan, why do you care how much someone bids on a watch? Although I think your premise that discussing the auction while the auction is active certainly could raise the price, as potential new bidders get involved, but what difference does it make to you?
Look at it from the other side. You possibly helped the sellers get more reasonable compensation for the watch. So you may have really helped them out.
 
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What do you think the story is behind the missing serial number?
The bridge looks to be without the pink plating, which indicates it may have come from a compatible Tissot or Lemania chronograph movement.

Regarding the watch itself, the price at auction seems to make some sense as a parts donor for other watches. Even the incorrect dial would have significant value for a collector with the right movement and case.

I don’t have any issue with the “outing” of this or any other auction on forums like these while still active. It helps to insure that a healthy market continues to exist for vintage watches through online channels. I feel bad if someone had to pay more than if this were in a a more opaque setting, but if we are helping the market for everyone on an equal basis, the benefits outweigh the costs, even if I have to pay more occasionally. Note that I am not the purchaser here.

I would not be surprised if the buyer turned out to be Omega, as the parts could be more valuable to them than to anyone else.
gatorcpa
 
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Either you don't understand how auctions work, or you are just making silly arguments to defend yourself. It's obvious that any additional bidder can inflate the hammer price, whether or not they are the eventual buyer. You should accept that you quite possibly cost the buyer (who may be an OF member) several thousand extra. Of course, if you are connected to the seller, then you did them a favor.

And the "3 hour" comment is particularly ironic. If the auction is almost over, why not just wait a few hours before starting the thread.
We have always discussed things like this in progress here irrespective of whether it would be good or bad for the auction, the fact that Timezone used to ban any discussion of price or auctions was one of the pet peeves I had before we began here. 321 Speedmasters at auction are rarely secret anyway and I don’t think a transparent discussion is a bad thing, flattening out the market and reducing arbitrage opportunities within the vintage Omega world was one of our aims anyway.
 
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A couple of years ago I was on the other side of that equation. A member posted about a watch that was in an auction for discussion. It was not clear if the member was bidding so I reached out to ask but did not get a response. I made a bid in advance of the auction ending to not snipe at the last second, which for some reason felt inappropriate. Happily, no one rebid and I ended up with the watch (and happen to be wearing it this week).

I agree with Dan's comment that posting about an interesting watch mid-auction will likely boost the price, but the corollary is that it brings eyes and opportunities to other members who might be interested but were not aware of the auction. And since I am more selfish than most of you guys I probably would not post up information about an auction that I am engaged in unless information was seriously needed.

Best to all and happy hunting.
 
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And since I am more selfish than most of you guys I probably would not post up information about an auction that I am engaged in unless information was seriously needed.
Neither would I.

However, I’m not going to be upset if someone else does it. They don’t know what I’m watching or bidding on.
gatorcpa
 
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Neither would I.

However, I’m not going to be upset if someone else does it. They don’t know what I’m watching or bidding on.
gatorcpa

Don't be so sure ..... Brave New World.
 
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Good morning from Sweden!

This post has become very interesting and entertaining!
Those of you who have read my previous posts know by now that I love auctions!
And have made several posts both before and after auctions.

When it comes to auction houses, the majority of these have their own website,
a number of which are then in turn connected to portals/sales platforms.
Anyone can open an account there and then sign up for a wish list,
where you then receive emails for the type of watch you are interested in.

This is, of course, to reach as many potential bidders as possible.
And their reach and target audience are significantly larger than our Forum here.

Many people here know about this and maybe even have accounts on several of them?

As for this watch, I received an email about it a while ago,
of course I looked at it and thought about it for a while.
But I don't have the knowledge when it comes to the older Speedmasters,
and that I didn't succeed so well last time when I followed a 2998-3 that I made a post about.
So I let it go and moved on to other things…

The thing is, you can't believe you're alone about a watch you find online.
If I who live in Northern Europe, receive an email from an auction house in England (or from somewhere else in the world),
then it's obvious that there are a lot more that got the same message.

After that, it is up to everyone to invest the time and energy required to understand the watch and its value.
Trying to hang the OP regarding this watch is quite naive and childish!
Those who knew the watch and its true value have long since read about it, asked for more pictures,
maybe even gone to the auction house to feel it in the flesh and made up their Masterplan.

To think that someone sees this thread three hours before the bidding and decides to join the bidding is probably not that likely.
Those who bid seriously and stuck around until the end were very well-read and knew what they were getting into.

You must understand that you are never alone with a watch that you have found online,
you just need to understand its true value and have a good plan of action and follow it.

Today is Midsummer in Sweden and we Swedes love to celebrate!

So take care and have a wonderful weekend!

 
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Well, while this would seem true, there still are occasions where apparently lesser knowledgable persons overlook a fine timepiece. Just recently I got an extremely fine pocket watch, Vaucher Freres (see pocket watch thread) for scrap gold value, including the premium (!). It turned out to be a fully jeweled duplex with compensation balance in excellent condition. The auction description failed to point out how special all this is, and the two photos let one suppose that it is just another pocket watch typical of the time. Consequently I was the only bidder.

OK, that is a quite special field, and not hype-based mainstream. But a quite nice example that looking offside the mainstream offers quite nice opportunities. Properly advertized, this watch would (if I would sell, but no intention) easily fetch double or triple of my high bid.

If I had pointed to this auction while still open in a pocket watch forum, I am quite sure that a few other persons being knowledgable would have bid also ... 😎
 
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Don't be so sure ..... Brave New World.
Oh, I’m quite sure.

Even if someone hacks my watch list in eBay, they cannot know my intentions. I always use a third-party sniper to bid. I’ll take my chances on someone hacking both eBay and the sniper.

I’m just not that interesting.
gatorcpa
 
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There is no consensus here about pricing. This thread some are concerned about inflating the price. There was another thread recently where a member was berated for not paying the full value of the watch. 😕
 
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What do you expect? The business makers (= not true collectors) will always have very different views, even on one and the same item, depending on whether they are buying or selling. That is quite normal (and per se not even unethical, except perhaps if the is a factor of 10 for one and the same item).
 
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It’s actually very simple:
If it’s on my watchlist, I want silence.
If it’s on my sell list I want it talked about as much as possible.

Clear? lol 😎
I get it from both sides of the argument. But I do agree with Ash, a healthy market is best for all.

And to the above, collectors love finding bargains too, not just dealers.