Omega Speedmaster 145.022-69 SW on an auction!

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It is finally Friday, with an upcoming AfterWork!

But before the Buzz kicks in, I would like to write about an auction that I followed a few days ago.

This one came up on my ”Speedy Radar”, and it caught my attention,
It is a 145.022-69, with the straight writing caseback, this one had the Flight Qualified stamp.
Serial nr 32218804.

They don't come up so often on auctions, so I started the normal routine.
The auction house where not very skilled with taking pictures (How frekkin hard could it be…!), but I tried my best with these.

After a few moments looking at the pictures, sadly the watch didnt light up my Do You Like the Watchometer….

Anyway, here are my thoughts about the watch:

The dial is hard to assess, no obvious scratches or damages, and I didnt want to bother the auction house with more questions.
The lumeplots are complete, but with darker marks/spots or some mold..
The hands looked like a mess, and the chronohand must have been replaced.
A few marks/scratches but no major dings on the bezel, but faded, and a bit boring.

The case had marks and a few dings, and with a light polish done…
The caseback had also been worked over, with a big and deep opening mark.
Pushers looked dirty, so maybe original, but the crown is a strange replacement one!
The movement looked clean, a few screwheads had marks…. it was hard to see if it had watchmaker marks.

To sum it all up - I think that this one would be Fair plus, but then - the SW - how much could this be worth?
They are a bit rare, but the condition does also maters…

On a good day, with a a couple of hungry bidders, it could reach Good?

The auction was a timed on-line auction, and with one hour to go, the biding was up to 3500 €/ 3850$ including the premium.
And it stayed there-THE END!

What are your thoughts? Comments?

And have a Lovely Friday OF!

SKÅL!!

 
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Thanks Hans, for showing another one to us.
I missed or overlooked this one , but € 3500 is good for any "limited' production or special version of a Speedmaster in working condition. I think... eventhough this one does not atract me with these pictures. So you are right, why does the auction house not present it better ? Maybe they dont have special watches often ?
I even think from picture number 5 that there is almost no lume left on the markers ?
 
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The watch is a mess, not interesting, and not appealing. For me, only the Apollo 11 SW variant has any particular interest due to rarity. I don't find the ordinary SW examples to be particularly special.

I don't generally see much point in discussing these unappealing watches, but if you want to post auctions of ugly Speedmasters, I think these three are more interesting for various reasons. I wasn't interested enough to bid on any of them. The 2915 and 105.003 could potentially have useful parts or be restored. And the 105.012 could potentially be appealing enough to wear, if you don't mind a little lume loss. And it had a decent bracelet.

$10.5k USD

$7.8k

$4.9k
 
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I know not everyone agrees, but I find the 'mint green' lume, often seen on the -69's onwards unappealing. It generally looks very flat and dull and has little character when compared to the nice 'custard yellow' lume found on good 60's examples and to a lesser degree, some good 70's Speedmasters.
 
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I don't generally see much point in discussing these unappealing watches
I think that the discussion of watches that are both appealing and unappealing can be of great value for a newcomer who is interested in learning more details about what more experienced collectors look for, and shy away from.
 
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I find these discussions interesting and informative. Thanks for postings.
 
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Thank you again Hansaboy. Not all watches can be collector grade.
The price was about right for the watch considering there was no bracelet.
 
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Thank you again Hansaboy. Not all watches can be collector grade.
The price was about right for the watch considering there was no bracelet.
Yepp, I was curious how the SW would affect the value of the watch!
 
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I find these discussions interesting and informative. Thanks for postings.
Thanks mate!
There is always something to learn (for me), and we all love Speedys!
 
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I think that the discussion of watches that are both appealing and unappealing can be of great value for a newcomer who is interested in learning more details about what more experienced collectors look for, and shy away from.
True!
I know a few normal people (non-Speedy lovers!! 😲) who don't have a clue regarding all the differences and minefields with watches.
And when they start to look for vintage Speedys, I usually point them to Speedmaster101, and also this Forum.

It has really helped them!
 
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I know not everyone agrees, but I find the 'mint green' lume, often seen on the -69's onwards unappealing. It generally looks very flat and dull and has little character when compared to the nice 'custard yellow' lume found on good 60's examples and to a lesser degree, some good 70's Speedmasters.
I agree, not that I have many 69´s, but I did a post were we discussed this before.
And the 69´s that I look at are often with this lume, I wonder why?
 
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The watch is a mess, not interesting, and not appealing. For me, only the Apollo 11 SW variant has any particular interest due to rarity. I don't find the ordinary SW examples to be particularly special.

I don't generally see much point in discussing these unappealing watches, but if you want to post auctions of ugly Speedmasters, I think these three are more interesting for various reasons. I wasn't interested enough to bid on any of them. The 2915 and 105.003 could potentially have useful parts or be restored. And the 105.012 could potentially be appealing enough to wear, if you don't mind a little lume loss. And it had a decent bracelet.

$10.5k USD

$7.8k

$4.9k
So nice of you to join in with your interesting, very detailed and heartwarming reply.
Keep up the good work Dan!
Your posts always make me a better person...

And I do hope that you will have a lovely weekend!
 
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Thanks Hans, for showing another one to us.
I missed or overlooked this one , but € 3500 is good for any "limited' production or special version of a Speedmaster in working condition. I think... eventhough this one does not atract me with these pictures. So you are right, why does the auction house not present it better ? Maybe they dont have special watches often ?
I even think from picture number 5 that there is almost no lume left on the markers ?
You are welcome Ron!
I did think that you had this one on your radar....It was one of the major auction houses!
😁
And I don't understand why they can't take better pictures?
Or maybe they do this on purpose...to try and hide the faults...?
We have a couple of big auction houses here in Sweden, and they take amazing pictures
 
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Here is a rhetorical question:
The low estimate was 1000 € /1175 $ including the premium (silly low...)
If there were no bids at all, with a few second to go, would you hit the bid button?
Suddenly you might have a cool watch with an amazing price??
😉
 
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Obviously most people will say yes at €1k.

I will say though, from experience, it’s worth considering what other costs will end up being added on. The obvious one is service cost, if you decide to go that route, along with possibly spare parts. However, one that is often overlooked is the time cost.

I’ve always got a number of watches from various brands in various watch lists of mine and fairly frequently, an auction will be coming to an end and I’ll think “I’m not really looking for this reference right now, but I can’t let it sell for that price, I’ll throw a bid in”. Occasionally I’ll win and when the watch arrives it’s fine, often slightly better than I expected.
But then, I don’t really want to pay to get it serviced as it’s not one I had a real yearning for and isn’t one I’ll wear very often. It then sits in my box for a few weeks/months/years before I decide, “I’ll just sell this one”.
Then comes the various photo shoots to get some decent pictures. Almost always the first ones aren’t very good due to lighting so I’ll wait for a clear day and some afternoon sun which works well in my kitchen.
Then write a description that’s not too long and rambling but gives a good, honest overview of the watch.
Then comes the inevitable low balls, tyre kickers and scam offers that are a pain in the arse to sift through, before someone offers a reasonable amount and we go ahead.

So now I always try to think “do I want this watch?” Never mind price or anything else, “do I want it?”. Regardless of price, if the answers no, I generally don’t bid.
 
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Obviously most people will say yes at €1k.

I will say though, from experience, it’s worth considering what other costs will end up being added on. The obvious one is service cost, if you decide to go that route, along with possibly spare parts. However, one that is often overlooked is the time cost.

I’ve always got a number of watches from various brands in various watch lists of mine and fairly frequently, an auction will be coming to an end and I’ll think “I’m not really looking for this reference right now, but I can’t let it sell for that price, I’ll throw a bid in”. Occasionally I’ll win and when the watch arrives it’s fine, often slightly better than I expected.
But then, I don’t really want to pay to get it serviced as it’s not one I had a real yearning for and isn’t one I’ll wear very often. It then sits in my box for a few weeks/months/years before I decide, “I’ll just sell this one”.
Then comes the various photo shoots to get some decent pictures. Almost always the first ones aren’t very good due to lighting so I’ll wait for a clear day and some afternoon sun which works well in my kitchen.
Then write a description that’s not too long and rambling but gives a good, honest overview of the watch.
Then comes the inevitable low balls, tyre kickers and scam offers that are a pain in the arse to sift through, before someone offers a reasonable amount and we go ahead.

So now I always try to think “do I want this watch?” Never mind price or anything else, “do I want it?”. Regardless of price, if the answers no, I generally don’t bid.
People often use lower-end auction houses to offload watches with some issues, so I keep this in mind when bidding. I would say that the majority of watches I've purchased in auctions end up being honest watches with potential, but need some TLC. When I buy a watch from another collector, it may not have been serviced, but it generally doesn't have major flaws that need to be addressed.
 
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People often use lower-end auction houses to offload watches with some issues, so I keep this in mind when bidding. I would say that the majority of watches I've purchased in auctions end up being honest watches with potential, but need some TLC. When I buy a watch from another collector, it may not have been serviced, but it generally doesn't have major flaws that need to be addressed.
Good advice. I wish I had appreciated that a few years ago.
 
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Obviously most people will say yes at €1k.

I will say though, from experience, it’s worth considering what other costs will end up being added on. The obvious one is service cost, if you decide to go that route, along with possibly spare parts. However, one that is often overlooked is the time cost.

I’ve always got a number of watches from various brands in various watch lists of mine and fairly frequently, an auction will be coming to an end and I’ll think “I’m not really looking for this reference right now, but I can’t let it sell for that price, I’ll throw a bid in”. Occasionally I’ll win and when the watch arrives it’s fine, often slightly better than I expected.
But then, I don’t really want to pay to get it serviced as it’s not one I had a real yearning for and isn’t one I’ll wear very often. It then sits in my box for a few weeks/months/years before I decide, “I’ll just sell this one”.
Then comes the various photo shoots to get some decent pictures. Almost always the first ones aren’t very good due to lighting so I’ll wait for a clear day and some afternoon sun which works well in my kitchen.
Then write a description that’s not too long and rambling but gives a good, honest overview of the watch.
Then comes the inevitable low balls, tyre kickers and scam offers that are a pain in the arse to sift through, before someone offers a reasonable amount and we go ahead.

So now I always try to think “do I want this watch?” Never mind price or anything else, “do I want it?”. Regardless of price, if the answers no, I generally don’t bid.
Thanks for the Solid advice David!
You have managed to talk me out of a few watches before.
I will add in this in my spread sheets - The David = Do I Want It?

Cheers Mate!