Omega Seamaster 300 milwatch selling at 205k!! world record

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Wouldn’t the movement number of 20,318,767 put it closer to 1963 than 1970 as stated? Don’t shoot, just asking.

Yes. And no archive extract mentioned... They just state that the dial is original to the watch and is not a replacement or repaint, leaving lots of possibilities open.
 
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Yes. And no archive extract mentioned... They just state that the dial is original to the watch and is not a replacement or repaint, leaving lots of possibilities open.

It's like a parallel universe where buyer's due diligence doesn't exist- mind bending really
 
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It's like a parallel universe where buyer's due diligence doesn't exist- mind bending really

I'm not sure I understand what you just said... something may have been lost in translation?

I did not criticize the auction house wording. Such a toolwatch having its movement replaced surely do not shock me. As I understand this specific item, you mainly pay for the dial and caseback anyway.
 
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How about almost $600,000 for a 5517 milsub???

Crazy numbers.


I always wanted a milsub. I guess I missed the window

This looks to be one of the best ones ever sold

As usual provenance + condition = much bigger premium than one might expect
 
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I'm not sure I understand what you just said... something may have been lost in translation?

I did not criticize the auction house wording. Such a toolwatch having its movement replaced surely do not shock me. As I understand this specific item, you mainly pay for the dial and caseback anyway.

I'm saying that for most of us here when we buy an expensive vintage Omega we are concerned about movement swaps/frankens/etc. The majority find an Extract reassuring regarding the authenticity of the watch and at least that the movement originally came with the case reference. Most wouldn't bother with a watch where the movement had been swapped out unless it was cheap.

This in total contrast to the watch and auction in question where a watch with no Extract and a movement which falls way too early and way out of line with other documented mil 300's sells for a world record. Hence an alternative collecting universe where due diligence doesn't seem to exist.
 
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As a lawyer who does cross-boarder transactions and is constantly annoyed by the diligence requirements of anti-money-laundering regulations: Phillips is surely subjected to/mindful of the same

but others have pointed out the better point: this watch is the definition of illiquid
 
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I'm saying that for most of us here when we buy an expensive vintage Omega we are concerned about movement swaps/frankens/etc. The majority find an Extract reassuring regarding the authenticity of the watch and at least that the movement originally came with the case reference. Most wouldn't bother with a watch where the movement had been swapped out unless it was cheap.

This in total contrast to the watch and auction in question where a watch with no Extract and a movement which falls way too early and way out of line with other documented mil 300's sells for a world record. Hence an alternative collecting universe where due diligence doesn't seem to exist.

I entirely agree with you. I wish also that auction houses were less slick with words and they would tell it like it is clearly (for this watch, likely a replacement movement).

I also find the price ludicrous and not in line with the quality of this specific watch, but that is just me and I'm no authority on SM300s. My remark concerning the movement meant that a military SM300 with a swapped movement is not shocking to me in general (they lived a hard life in the water!), but @200k+ that is another story entirely... as I said, that is 200K paid for a caseback and a dial, mostly. 😲 😒 Strange.
 
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I'm saying that for most of us here when we buy an expensive vintage Omega we are concerned about movement swaps/frankens/etc. The majority find an Extract reassuring regarding the authenticity of the watch and at least that the movement originally came with the case reference. Most wouldn't bother with a watch where the movement had been swapped out unless it was cheap.

This in total contrast to the watch and auction in question where a watch with no Extract and a movement which falls way too early and way out of line with other documented mil 300's sells for a world record. Hence an alternative collecting universe where due diligence doesn't seem to exist.

mil watches are a total different style of collecting (without the usual OF mimimi style of oh look there's a microgram lume missing that dial is garbage )as those had regular services and e.g. have been relumed to guarantee the intended function showing the f**king time und all circumstances. so i would be more suspicious of one that looks brand new in all parts.


i think the guy who bought does exactly know what he got ....
 
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I entirely agree with you. I wish also that auction houses were less slick with words and they would tell it like it is clearly (for this watch, likely a replacement movement).

I also find the price ludicrous and not in line with the quality of this specific watch, but that is just me and I'm no authority on SM300s. My remark concerning the movement meant that a military SM300 with a swapped movement is not shocking to me in general (they lived a hard life in the water!), but @200k+ that is another story entirely... as I said, that is 200K paid for a caseback and a dial, mostly. 😲 😒 Strange.

why does that concern you in any way ??? phillips auctions are known for wild results but don't benchmark the whole market. so ... who cares. just remember i think 2017 may auction where the 2913-8 in soso condition sold for 80k, the evening before i bought the same in better condition for a fraction of that. but the market value wasn't affected at all by that auction .....
 
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i think the guy who bought does exactly know what he got ....

So you think the chances are low to see him/her opening another « Hi, did I make a good deal? » thread? 🙁
 
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kov kov
So you think the chances are low to see him/her opening another « Hi, did I make a good deal? » thread? 🙁

i think IF, he will ask " does this nato strap make me look fat ? " answer no it's the fat that makes you look fat but nice watch btw 😁

or even better " need bracelet help" made a bargain at auction but some idot welded the springbars to the case how can i remove em and get normal springbars to fit my cheap aftermarket bracelet
 
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i think the guy who bought does exactly know what he got ....

I doubt that!

Currently a handfull Mil SM300 are offered from the usual suspects, some in as good condition but with correct movement and even an extract from the Omega archives. That watch at Phillips closed for 3x the asking price of the most expensive one available.

So either it was stupidity of at least two bidders who did not have a clue what they were bidding for... or some f...ing rich guys who didn't give a shite about their money. Who knows, maybe some frustrated underbidders at Newman's Daytona or McQueens Monaco, who didn't want to leave the auction with empty hands?

I am pretty sure that price will keep an exception (at least for a very long time) and does not affect the Mil SM300 prices generally. Though I wish it would, as I own two 😁
 
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Interesting to see what this one makes when it goes up on Tuesday

I don't know what's more crazy. The Phillips resultat or the authenticity laundering of the W10 #324, going up for auction tomorrow.
We all know that parts, in most cases, have been swapped back in the days on these, but sometimes not all swaps were made by MoD, but instead done by a recent consignor/seller of sade watch - without stating that of course 🫨

The #324 was actually sold in a WoK auction in 2018 and then passed in a Fortuna auction in 2019. That watch is on the right below! And now in the Capes Dunn auction tomorrow is has gotten a "correct" dial (on the left below). The more sought after BT thin T dial. So now some, again, will refer to this as fact and will say that the W10's allways came with a BT dial. Well, fun and games 😗
The seller didn't even bother to change the strap, the scratched up crystal or anything else. Just the dial.

Would you care if you didn't know? Maybe not, and some will say that the seller just returned the watch to it's original (and more valuable) state... right 🤦 Anyway, if you care, now you know 😉

Be careful out there

 
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kox kox
I don't know what's more crazy. The Phillips resultat or the authenticity laundering of the W10 #324, going up for auction tomorrow.
We all know that parts, in most cases, have been swapped back in the days on these, but sometimes not all swaps were made by MoD, but instead done by a recent consignor/seller of sade watch - without stating that of course 🫨

The #324 was actually sold in a WoK auction in 2018 and then passed in a Fortuna auction in 2019. That watch is on the right below! And now in the Capes Dunn auction tomorrow is has gotten a "correct" dial (on the left below). The more sought after BT thin T dial. So now some, again, will refer to this as fact and will say that the W10's allways came with a BT dial. Well, fun and games 😗
The seller didn't even bother to change the strap, the scratched up crystal or anything else. Just the dial.

Would you care if you didn't know? Maybe not, and some will say that the seller just returned the watch to it's original (and more valuable) state... right 🤦 Anyway, if you care, now you know 😉

Be careful out there


very very well spotted

if vintage watches are a minefield. . military watches are like being the first wave storming the beach at normandy and making it through

one reason (in addition to the premiums) i stay very far away. . .
 
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13kusd ain't exactly pocket change. And also:

It's not pocket change, but it's not out of line at all for the price of a 2446c
 
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The more photos I see of these vintage Seamasters, the more I like them. They look so much cooler than Subs to me.
 
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The Capes Dunn SM300 hammered for GBP90,000, up from GBP22,000 at WoK in 2018