Omega Pie-Pan value?

henrybrown · Mon. 8:38am

Hello everyone again,
Greatly appreciated the responses from the last post but following on from that. He was returned with more photos, this watch below has been redialed. I understand that it doesn't appeal to collectors and it significantly devalues the watch. However I'm happy enough with the way it looks but I don't want to over pay. He his offering £2k which I believe is way too much as it's not a great redial and has been over polished. What would you be willing to buy it for as a none collector?
Reference : 14393
Movement : 561
Serial : 16602032

Peemacgee · Mon. 8:55am

@henrybrown

it may have been more useful if you had continued with the same thread. (Mods - you might like to combine these two threads?)

As noted previously, due to the poor condition of the case and the redial, plus now the tired looking movt, my personal opinion of the watch remains.
It is probably worth one-tenth of the current asking price - which even in very good condition would be optimistic.

BTW, 16,6xxx would be too early for a 14393 (which IIRC was released in 1960) and the serial is like to be 18,6xxx to coincide with the '-61' case back.

At the risk of repeating myself - save your money and hunt down a decent Constellation.

Hope that helps.

taworn · Mon. 8:59am

I think you can easily find better case/dial condition with half the price

henrybrown · Mon. 9:01am

Peemacgee
@henrybrown

it may have been more useful if you had continued with the same thread. (Mods - you might like to combine these two threads?)

As noted previously, due to the poor condition of the case and the redial, plus now the tired looking movt, my personal opinion of the watch remains.
It is probably worth one-tenth of the current asking price - which even in very good condition would be optimistic.

BTW, 16,6xxx would be too early for a 14393 (which IIRC was released in 1960) and the serial is like to be 18,6xxx to coincide with the '-61' case back.

At the risk of repeating myself - save your money and hunt down a decent Constellation.

Hope that helps.

Okay thank you very much for your reply. I'll keep on the hunt then!

cristos71 · Mon. 9:42am

€300 or so max. It's really ugly and a very, very poor example...

Daring to ask £2k for that dog is already taking the p**s, for that reason alone you should walk away from this seller now and in the future.

Davidt · Mon. 9:43am

I wouldn't buy it at all, but is suspect in an open ebay auction it would likely fetch around £300-400 as there are enough uneducated buyers who will simply see a vintage Omega Constellation and bid it up.

henrybrown · Mon. 10:11am

Peemacgee
@henrybrown

it may have been more useful if you had continued with the same thread. (Mods - you might like to combine these two threads?)

As noted previously, due to the poor condition of the case and the redial, plus now the tired looking movt, my personal opinion of the watch remains.
It is probably worth one-tenth of the current asking price - which even in very good condition would be optimistic.

BTW, 16,6xxx would be too early for a 14393 (which IIRC was released in 1960) and the serial is like to be 18,6xxx to coincide with the '-61' case back.

At the risk of repeating myself - save your money and hunt down a decent Constellation.

Hope that helps.

Just been told by the guy selling the watch he paid £1200 for the redial!! Has he been mugged off?

Peemacgee · Mon. 10:12am

H henrybrown
Just been told by the guy selling the watch he paid £1200 for the redial!! Has he been mugged off?

yes

Mark020 · Mon. 10:38am

No way he really paid that and if so he is nuts

Shabbaz · Mon. 10:42am

Davidt
I wouldn't buy it at all, but is suspect in an open ebay auction it would likely fetch around £300-400 as there are enough uneducated buyers who will simply see a vintage Omega Constellation and bid it up.

I would assume they even would go higher since they dont know what is original. I've seen so many watches with a repainted dial sell for incredible prices. Just a very small portion of those buyers come here before (or after) the sale. So they just dont know. So what's the value of a watch when uninformed people are buying vintage watches? It's almost a philosophical question... : )

Peemacgee · Mon. 11:03am

Shabbaz
I would assume they even would go higher since they dont know what is original. I've seen so many watches with a repainted dial sell for incredible prices. Just a very small portion of those buyers come here before (or after) the sale. So they just dont know.

all the more reason why we need to encourage new members when they find their way to OF, rather than greet them with the 'Muskian-like' demand of "so, what have you done today to justify your existence?"
😁

cristos71 · Mon. 11:16am

H henrybrown
Just been told by the guy selling the watch he paid £1200 for the redial!! Has he been mugged off?

He's just told you he paid £1200 for the watch he's trying to sell you for £2000?....smart guy.....😝

Davidt · Mon. 11:25am

H henrybrown
Just been told by the guy selling the watch he paid £1200 for the redial!! Has he been mugged off?

£1200 for the watch or the redial work???

cristos71 · Mon. 11:27am

Davidt
£1200 for the watch or the redial work???

Ah, i read it again, I think the seller is implying he paid the 1.2K for the redial work.....which I think could possibly be something of an exaggeration...

Dan S · Mon. 11:46am

cristos71
Ah, i read it again, I think the seller is implying he paid the 1.2K for the redial work.....which I think could possibly be something of an exaggeration...

Or a terrible decision.

henrybrown · Mon. 11:56am

cristos71
Ah, i read it again, I think the seller is implying he paid the 1.2K for the redial work.....which I think could possibly be something of an exaggeration...

Yeah said he paid £800 for the watch originally you can see the condition in my previous post. And said he got a guy who's quote "best in the buisness" paid him £1200 to redial it

Peemacgee · Mon. 12:08pm

It's not that the redial is that bad - if you didn't know, you probably wouldn't know.
However, it's not that good either - certainly not £1200 worth of redial. (I thought a decent redial ran at about £400?)

So, that plus the utterly destroyed case means the seller is having a laugh at trying to palm this watch off to some unsuspecting sucker for £2,000.

We haven't actually asked -is this a commercial UK seller - and if so, who is it, so others may avoid them too.

henrybrown · Mon. 12:16pm

Peemacgee
It's not that the redial is that bad - if you didn't know, you probably wouldn't know.
However, it's not that good either - certainly not £1200 worth of redial. (I thought a decent redial ran at about £400?)

So, that plus the utterly destroyed case means the seller is having a laugh at trying to palm this watch off to some unsuspecting sucker for £2,000.

We haven't actually asked -is this a commercial UK seller - and if so, who is it, so others may avoid them too.

Ebay seller dustandcrackles. He showed me some of the other watches he has available and they appear to be orginal alot of patina and age related marks and not as polished. So I think he genuine just maybe not clued up on the redial market and how much is effects the value.

SOG53 · Mon. 1:33pm

I would stay clear- of the watch AND the seller

Davidt · Mon. 1:42pm

H henrybrown
Yeah said he paid £800 for the watch originally you can see the condition in my previous post. And said he got a guy who's quote "best in the buisness" paid him £1200 to redial it

Unfortunately for the seller, that’s not how it works. Regardless of how much you pay for a watch and any subsequent service/restoration, the market value is the market value, whether that’s more or less than the total outlay.

I love buying rough watches with good bones and restoring them and when deciding what to pay for a watch in auction I generally like to work on the principle that initial purchase price + restoration costs < market value. More often than not I get it right, so if I decide to sell I come out ahead (although often not by much).
But, it’s not always the case. A few months ago I paid around £2800 for a watch that I thought would cost around £500 to service and restore. Unfortunately it had some hidden issues so the service+restoration cost around £1200.
That doesn’t mean the watch is suddenly worth £4k. It was worth about £3.5k irrespective of my service costs so I was £500 behind. Oh well, you win some and lose some.

Omega Pie-Pan value?

henrybrown

Peemacgee

taworn

henrybrown

cristos71

Davidt

henrybrown

Peemacgee

Mark020

Shabbaz

Peemacgee

cristos71

Davidt

cristos71

Dan S

henrybrown

Peemacgee

henrybrown

SOG53

Davidt

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