Ralvari
·And even more, taking into account that the watch had the certificate of Omega.
I agree, it is starting low.
I cannot read the LE number on the caseback, it is faded.
The movement matches on both auctions. These are the caseback pics of the Fortuna (Dec 6, 2018) and Phillips (May 8, 2021) auctions.
Fortuna says it is 305... Phillips is not mentioning the number.
Very low prices, the Ultraman too... Lower than Chrono24 prices. I am guessing the reasons, idk
Note that it has the caseback that accepts 5.5mm pushers, even though it currently has 5mm pushers. According to the previous auction, it had service replacement pushers installed. It would be easier for a new buyer to replace those with 5.5mm (If they can be found) since it already has the correct case. That should impact the bids.
I would like to know why OMEGA insists on relying only on the movement and does not release the archive extract only after having viewed the watch; specifying precisely if something is not congruent with the production.
The extract of archives is not the service record, neither the condition report of the watch. It serves other purposes.
305 was serviced and parts were replaced (check condition report from Fortuna, Dec 6, 2018. It has all the details for this same watch).
Auctions, by definition, have always been "buyer beware". They are not shops and never have been. Before the likes of eBay came along you didn't really see a lot of "consumers" at the big auctions, it was mostly for dealers and serious collectors. Auctions houses in general don't have the resources to document every detail and lack knowledge when it comes to rare items. Now you add to this that buyers expect to be able to bid online from anywhere in the world and not even go to view the items at previews, it presents more of challenge. Some auction houses are better than others. Christies, I find, is good in person, but not online, Phillips better with at least a few good photos. Antiquoram absolutely awful. It still is "buyer beware".
As for Extracts, as we say, "It does exactly what it says on the tin". It is an extract from the list of watches sold, when they were sold, and no more (and sometimes hardly that). If you have a $40,000 watch, go spend the $1,000 on the certificate if you want to sell to consumers. Omega is in the business of selling new watches - I think we collectors are pretty lucky they open up the archives. Try being a vintage Ferrari owner and then ask Ferrari to give you the build sheet!!!
Good provenance in my opinion can be achieved by disclosing what is known about the watch, the current condition report, the extract of archives and other supporting documents. It is impossible for Omega to track every piece after it leaves Bienne...
The information regarding the Fortuna 2018 auction is still there... This is the relevant part:
Take care
very good Chubsmaster!
in fact I was sure I had read this important detail; "but the original materials were included with the watch."
thank you
Auctions, by definition, have always been "buyer beware". They are not shops and never have been. Before the likes of eBay came along you didn't really see a lot of "consumers" at the big auctions, it was mostly for dealers and serious collectors. Auctions houses in general don't have the resources to document every detail and lack knowledge when it comes to rare items. Now you add to this that buyers expect to be able to bid online from anywhere in the world and not even go to view the items at previews, it presents more of challenge. Some auction houses are better than others. Christies, I find, is good in person, but not online, Phillips better with at least a few good photos. Antiquoram absolutely awful. It still is "buyer beware".
As for Extracts, as we say, "It does exactly what it says on the tin". It is an extract from the list of watches sold, when they were sold, and no more (and sometimes hardly that). If you have a $40,000 watch, go spend the $1,000 on the certificate if you want to sell to consumers. Omega is in the business of selling new watches - I think we collectors are pretty lucky they open up the archives. Try being a vintage Ferrari owner and then ask Ferrari to give you the build sheet!!!
I confirm that in ITALY the ASI Register exists for historic cars.
here's what it does:
It is the most coveted certification by collectors. It is the identification document, issued for private purposes, which concerns vehicles built for over twenty years (day / month / year). It contains the photographs, the dating, the identification details, the description of the state of conservation or of the restoration, the classification as well as the annotation of any discrepancies from the state of origin found, according to the rules of the FIVA International Technical Code in force and, if necessary, the summary of the history of each individual vehicle.
but this ... is another story ...
I see that the PHILLIPS auction has radically changed the valuation of Apollo-Soyuz watches ...😉