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  1. Goe

    Goe Sep 10, 2019

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    Hi all,
    This is my first post in the forum. I would like to present you one of the Omega of my small collection and also ask your opinion on the watch and whether it make sense to invest some money to source its bracelet. Here is the watch:
    • Reference 165.024
    • Mark 1 early Bakelite bezel
    • Gilt dial mark 1
    • Baton hands
    • Caliber 552
    • Serial 20.29x.xxxM
    • Plexy dome with the omega logo in the center
    • Crown … I think this is a replacement one.
    Now, the watch is in good condition in my opinion, and I do like it. What is your opinion? Anything obviously wrong with it?

    The negative side of the story is that, when I asked Omega for an archive extract, it came out that the movement does not match with the watch. According to the extract, this movement was originally mounted on a 165.001 sold in January 1964 in Saudi Arabia. I guess the chances that the extract is wrong are close to zero …

    Now, the bracelet question: I tend to prefer watches with metal bands and I am debating whether to get one for this watch. What holds me back is that the movement issue: would it make sense to spend money on watch whose value is undermined by such a non-matching movement? I think that right bracelet would a 7912 with 16 endlinks, and this is a rare and expensive one…
    Thanks for your help
    Marco
     
    5867F41A-5E12-4ECE-8BFE-9F77D4456D46.jpeg 6E9CF028-4318-4C3F-938E-2CA56A4D2974.jpeg CC39EA16-EEFA-40BF-B0C3-198765781E7E.jpeg 9712CD9A-ACBF-46F8-A531-963613B4E334.jpeg C43966C8-AA0C-40B1-851E-6366997188C4.jpeg B844E963-5993-45A1-B418-55204BC9C3A9.jpeg E9516778-5FB8-4C81-A54F-CB23890A8698.jpeg CE1A24FD-8FFC-4614-A4F4-4D3B9ED74FB5.jpeg FA3318D6-5B1F-4CFB-AD40-EC5D7777D875.jpeg 0C56CB84-FF37-461F-A392-BDBF5A224314.jpeg CE944DC9-0F14-4E0C-A247-3A0170AD3DEF.jpeg A7B12F14-D745-408D-BB33-8AB17D0DC135.jpeg 68A64B08-5131-4B8D-87B9-CDB215E4370B.jpeg
    Etp095 and murph like this.
  2. Cuttysark

    Cuttysark Sep 10, 2019

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    The crown seems to be a replacement. It's a really nice and correct watch.
    Was usual in the past to replace the complete damaged movement during a service if the watch was flooded.
    If you want to buy a bracelet like 7912 or 1506, buy it without problems :)
    If you decide to keep the watch for you, you'll enjoy it!
    If you want to sell in the future, you can sell separately.
     
    southtexas likes this.
  3. southtexas

    southtexas Sep 10, 2019

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    Exactly this
     
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  4. Matt87

    Matt87 Sep 11, 2019

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    Sorry Guys, then you are telling me that in the past omega (or some indipendent watchmakers) was replacing the movement when some water get into the watch and was causing some damages??
     
  5. khanmu

    khanmu Sep 11, 2019

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    Hi Marco

    It is an attractive watch. The issue is the movement - as you say whilst the movement is the correct 552 cal., it’s not from this watch. There are two possibilities:

    (1) it’s a diving watch, and as @Cuttysark says, it is entirely possible that water flooded in, requiring a movement change, probably by an independent watchmaker. This could also explain the crown being replaced

    (2) or, someone put this together deliberately, from parts - which if they did, seems to be from at least some nice parts.

    It all depends on what you want to do in future - if the movement issue doesn’t bother you, and you intend to keep it, then buy and wear it with a bracelet - and if you ever sell then you can always sell the bracelet separately.

    If you intend to sell it, then the best thing is to be honest and disclose what you know, which may limit your market amongst collectors. Or you could separate out the parts and sell individually- which could still get you a good return.
     
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  6. Cuttysark

    Cuttysark Sep 12, 2019 1:34am

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    Yes, it happened in the past.
     
  7. khanmu

    khanmu Sep 12, 2019 1:54am

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    Well, I think it unlikely that Omega took a movement from a completely different model that had been previously sold in Saudi Arabia, put that movement in a different watch, and then didn’t update any of their records. It’s possible, but not probable.

    It was most likely an independent watchmaker - which will affect any future resale value for collectors and hence my previous note.
     
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  8. Archer

    Archer Omega Qualified Watchmaker Sep 12, 2019 10:43am

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    Omega would not do this certainly. It may have been done by someone local, so an independent watchmaker, or some local Omega dealer.
     
  9. Matt87

    Matt87 Sep 12, 2019 12:41pm

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    Fair enough Guys!! Thank you very much for the answers!!
     
  10. Goe

    Goe Sep 13, 2019 1:58pm

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    Thanks to all for your answers!!! I am still undecided even if I am leaning slightly more in favour of the bracelet options (when I will have the funds for it!).
    It is a shame about the movement swap issue. I don’t think someone put it together (patina of hands and dial match, caseback date is somehow consistent with the early bezel type) but this is just my opinion and I could well be wrong.
    I prefer to believe it was swapped during an ‘unofficial’ service!
    Thanks again!
    Marco