Omega Speedmaster 145.012 help

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Hi,

Hoping to get some advice on whether this is a good deal. Found a 1968 145.012 for sale. Parts are all original, except the bezel is aftermarket and the bracelet is a 1171.

The condition of the watch looks good, but it has been polished. I can't really tell if it has been over polished based on the photos that were sent.

Watch was recently serviced by the "in-house watchmaker".

Asking 7.5k usd, which I think is a pretty decent price.

Thoughts?

 
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I've been watching this one. No idea if its a good price but it is a pretty good looking example
 
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Bracelet looks aftermarket- need to see inside caseback and endlink numbers.
Looks nice, but not a good price with AM bezel and polishing.
 
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I’d dig deeper on the lume. Ask for some macro photos of the lume plots. Color of the lume plums and the off-white color on the hands is making me think you need to take a closer look. Condition of case looks decent from the photos to be honest. Would want some more photos to be sure. Whats the asking price?
 
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I’d ask for some decent pictures full stop.

Those are nice pics if your posting on Instagram but not much use for actually assessing a watch for purchase
 
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i saw this when it was first posted on reddit and the seller needed some convincing that the bezel was not a genuine DON. I would be mindful
 
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I’d dig deeper on the lume. Ask for some macro photos of the lume plots. Color of the lume plums and the off-white color on the hands is making me think you need to take a closer look. Condition of case looks decent from the photos to be honest. Would want some more photos to be sure. Whats the asking price?
Seller said it wasn't relumed. Asking for 7.5k usd.
 
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I’d ask for some decent pictures full stop.

Those are nice pics if your posting on Instagram but not much use for actually assessing a watch for purchase
What specifically am I looking for?
 
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As others have said, probably not a good watch to buy as your first vintage speedmaster. You will eventually wish you had a nicer example and have a tough time selling it.

For a similar amount, try to dig up a nice 145.022-69 from a trusted seller, there are even a few for sale right now in the private sales section.

3590.50s are great places to start as well.

Buy whatever correct very good condition Speedmaster your budget will allow.
 
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At $7.5k, you're not buying a $7.5k watch - you're buying a project wearing a good watch's price tag. Price the corrections: a genuine period bezel for a 145.012, when one even surfaces, runs well into four figures on its own - and as noted above, this seller already needed convincing that his wasn't a genuine DON. A period-correct 1039 bracelet with 516 end links - what this reference left the factory wearing, not the later 1171 - trades around $1,500–2,500, the end links carrying most of that. So the honest math is $7.5k plus several thousand in parts you'll hunt for years, to arrive where a correct example from a trusted seller would have started.


For balance: the movement photo looks right, and the serial in the 26.6M range sits correctly for a '68 delivery. It's not a bad watch - it's a bad deal, because every compromised part on a Speedmaster costs more to put right than it saved you at purchase, and the polishing can never be put right at any price.
 
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Spectacularly unhelpful photos.
Just enough to be interesting and nothing to help evaluate properly
We cannot even see T marks.


It looks like a restored watch - doesn't mean dismissal, but I would want to see exactly what's going on. In view of the refinished sides, and the general parts replacement, I would be looking to see what I thought about the lume. That means close up photos of the surface of the markers, and the surrounding binder, or lack of it.

For a long time, I have thought a 321 Speedmaster movement with a number that fits a reference, is $2500-3500. So we look at rest of this watch for value. The case, we need to check - it could be a service case. although it has value, it is not something I want to buy. I reckon it around $1000 if service, more if a vintage 145.012, without corrosion. We cannot value the dial - until we know what it is. The bracelet is in the low 100's and a genuine replavement is the 1039, and if this were my watch I would wait until I fell accross one, rather than hunting.

We are in an area where someone without knowledge might loose a lot of money, and if this watch is offered for sale in public, a naive buyer will be competing with people who actually know what to look for and what the pitfalls are.

The only way to beat them, is pay more than the person who knows tha value and risks.

I suppose, thats what we call Newbbie Tax.
 
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Spectacularly unhelpful photos.
Just enough to be interesting and nothing to help evaluate properly
We cannot even see T marks.


It looks like a restored watch - doesn't mean dismissal, but I would want to see exactly what's going on. In view of the refinished sides, and the general parts replacement, I would be looking to see what I thought about the lume. That means close up photos of the surface of the markers, and the surrounding binder, or lack of it.

For a long time, I have thought a 321 Speedmaster movement with a number that fits a reference, is $2500-3500. So we look at rest of this watch for value. The case, we need to check - it could be a service case. although it has value, it is not something I want to buy. I reckon it around $1000 if service, more if a vintage 145.012, without corrosion. We cannot value the dial - until we know what it is. The bracelet is in the low 100's and a genuine replavement is the 1039, and if this were my watch I would wait until I fell accross one, rather than hunting.

We are in an area where someone without knowledge might loose a lot of money, and if this watch is offered for sale in public, a naive buyer will be competing with people who actually know what to look for and what the pitfalls are.

The only way to beat them, is pay more than the person who knows tha value and risks.

I suppose, thats what we call Newbbie Tax.
Wow thank you for the detailed reply. Ive wanted a speedy with a 321 movement (with a nicely patina'd dial). I've been on and off with the search and thought this was a relatively good deal - turns out it's not. I'll keep looking but thank you and everyone for the words.
 
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Not so fast.

All I tried to recommend is investigate. As a newb you are going to pay a tax somewhere.

Either by buying from a knowledgeable and trusted seller (few and far between), or buying a watch like this and paying for parts/ upgrades and seeing where it takes you.

There is a chance you find a bargain somewhere that no one else has seen, and find the courage and conviction to buy it, but that also requires time luck and perseverance-arguably all have a cost.

This watch has a good movement. Especially if it is reviewed by a real watch maker. What I said is check the case is a 145.012. Check the dial for signs of lume work. If those two check out, and then try an offer, there are far worse ways into a 321 speedmaster.

Start with as good a dial and case as you can. And haggle. Because you cannot compare this, or the end result to the value of an original in touched watch.

And enjoy the process
 
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Hello everyone,

I'm new to Omega Forum, so this thread is my first interaction with the community. In the end, I suppose I should introduce myself as the culprit who bought the watch and repatriated this 1968 Speedmaster to Switzerland.

First of all, a big thank you to everyone who took the time to offer advice, share their expertise, and point out details I might otherwise have missed. Your comments played a big role in my decision.

After also having a lengthy video call with the seller, who was very open and happy to answer all my questions in detail, I decided to pull the trigger.

So why did I buy it? For me, this watch ticks many of the right boxes. It's a 1968 example, which happens to be my birth year, and it houses the legendary 321 movement. Most importantly, I bought it to wear and enjoy. This isn't a project watch, nor is it destined for a museum display or a safe.

The bracelet isn't original, but it's comfortable and suits the watch well. I can easily live with it and will probably add a NATO strap as an alternative.

The case has clearly been polished, but in my opinion it was done very well. The combination of brushed and polished surfaces still looks great. The dial is absolutely fantastic and was one of the deciding factors for me. Whether it has been re-lumed or not remains unclear, but the patina looks beautiful and very coherent.

Another reassuring point is that the watch was serviced by Omega in the past and again by the seller just last month, so it is ready to be worn and enjoyed immediately.

The only real downside is the aftermarket bezel. Honestly though, it's a very good one. After spending quite some time comparing it with the references on Speedmaster101, I'm struggling to spot the differences myself. Perhaps some of the eagle-eyed Speedmaster experts here can immediately identify what gives it away as aftermarket. I've added a close-up photo of the bezel for reference and would be interested in your thoughts.

Thanks again for all the input.
 
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Hello everyone,

I'm new to Omega Forum, so this thread is my first interaction with the community. In the end, I suppose I should introduce myself as the culprit who bought the watch and repatriated this 1968 Speedmaster to Switzerland.

First of all, a big thank you to everyone who took the time to offer advice, share their expertise, and point out details I might otherwise have missed. Your comments played a big role in my decision.

After also having a lengthy video call with the seller, who was very open and happy to answer all my questions in detail, I decided to pull the trigger.

So why did I buy it? For me, this watch ticks many of the right boxes. It's a 1968 example, which happens to be my birth year, and it houses the legendary 321 movement. Most importantly, I bought it to wear and enjoy. This isn't a project watch, nor is it destined for a museum display or a safe.

The bracelet isn't original, but it's comfortable and suits the watch well. I can easily live with it and will probably add a NATO strap as an alternative.

The case has clearly been polished, but in my opinion it was done very well. The combination of brushed and polished surfaces still looks great. The dial is absolutely fantastic and was one of the deciding factors for me. Whether it has been re-lumed or not remains unclear, but the patina looks beautiful and very coherent.

Another reassuring point is that the watch was serviced by Omega in the past and again by the seller just last month, so it is ready to be worn and enjoyed immediately.

The only real downside is the aftermarket bezel. Honestly though, it's a very good one. After spending quite some time comparing it with the references on Speedmaster101, I'm struggling to spot the differences myself. Perhaps some of the eagle-eyed Speedmaster experts here can immediately identify what gives it away as aftermarket. I've added a close-up photo of the bezel for reference and would be interested in your thoughts.

Thanks again for all the input.


Hello! I went back to check if the watch was still available and saw it was gone - I definitely had some mixed feelings (relief that I didn't have to make the decision, and sadness because it's a beauty!).

It's a real stunner - the dial looks great and the recent servicing of the movement is another plus.

It's definitely not a purist's watch, given the bezel and bracelet and polishing, but it doesn't change the fact that it's a stunner.

Please enjoy it!
 
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Thank you very much for your kind words. To be honest, I also needed a little push to take the plunge. Buying a watch sight unseen is never an easy decision, especially when it's sitting in Texas and you're on the other side of the Atlantic.

Some of the points discussed in this thread certainly have an impact on value. However, I didn't buy this watch with resale or liquid value in mind. My intention is to wear it, enjoy it, and hopefully grow old with it.

After all, the watch is already 58 years old and occasionally needs a little freshening up. I suspect I'll be in exactly the same situation myself over the coming years, so we'll make a good pair!
 
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Welcome to the forum, @ttbaer. I think some of us, given our love for brand and vintage Speedys in particular, can often get hung up on the little things. The overarching idea is whether you have the finances to build a collection (and therefore likely want original throughout), or whether this is your one "expensive" watch, or whether you're somewhere in between. If you plan to love it and enjoy it for life, you likely won't be bothered about purity. Some people will be. That's the joy of collecting. This hobby isn't exactly a life requirement, it's something to enjoy as an extra. I'm so pleased it found a good home.
 
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The only real downside is the aftermarket bezel. Honestly though, it's a very good one. After spending quite some time comparing it with the references on Speedmaster101, I'm struggling to spot the differences myself. Perhaps some of the eagle-eyed Speedmaster experts here can immediately identify what gives it away as aftermarket. I've added a close-up photo of the bezel for reference and would be interested in your thoughts.
Here is an overlay. "Can't see the forest through all the trees" always feels like an appropriate saying for trying to understand bezels (dial, anything really). Each marker set can look enough like what you see in references when focusing on any one number set, or feature. The size of the font, where the dot is in relationship, etc. It becomes overtly clear when you see relationships of everything matched up.

This one is known and pretty obvious due to the sizes of the numbers. They are much too small in most places.