Omega Speedmaster 2915-1

Posts

1,777

Likes

5,566

Screwbacks

·Feb 3, 2018

C Cuphead Junkee

What do you mean erase the serial number?

on the photo, cross out the last 6 digits (with a solid color line. hope it's clearer 😉

 

Posts

1,777

Likes

5,566

Screwbacks

·Feb 3, 2018

vintagestuff

What harm can come from showing their serial number?

what we are watching here is a holy grail of speedmasters. if im the owner i'll take all precautions.

for confidentiality as normally being done here at OF and other sites. anybody who is out of his mind can always claim that the watch was his before it was lost. remember omega has no registry of ownership unlike rolex.

Edited: Feb 3, 2018

 

Posts

141

Likes

681

vintagestuff

·Feb 3, 2018

Anyone making that claim would have to have proof of ownership, so that doesn’t seem to be a realistic concern.

 

Posts

1,777

Likes

5,566

Screwbacks

·Feb 3, 2018

vintagestuff

Anyone making that claim would have to have proof of ownership, so that doesn’t seem to be a realistic concern.

as you stated, better keep the serial no. posted openly as it is.

Edited: Feb 4, 2018

 

Posts

9,217

Likes

24,055

oddboy

·Feb 3, 2018

We see spammers on a regular basis that steal photos and details from threads like this and post a FS thread somewhere, often on chronocentric.

 

C

Posts

19

Likes

55

Cuphead Junkee

·Feb 3, 2018

I blurred it just for safe measures

 

Posts

1,777

Likes

5,566

Screwbacks

·Feb 3, 2018

oddboy

We see spammers on a regular basis that steal photos and details from threads like this and post a FS thread somewhere, often on chronocentric.

absolutely right. this amazing piece is widely circulated or at least being watched on the net now as we speak.

Edited: Feb 3, 2018

 

Posts

2,317

Likes

5,708

ndgal

·Feb 4, 2018

murph

Might want to get an affidavit to affirm your family provenance. The unexplained wealth police are flexing new laws this year. https://www.gov.uk/government/publi...rs/circular-0032018-unexplained-wealth-orders

He’s in the US. Not sure UK laws apply here...

 

Posts

5,861

Likes

16,798

gemini4

·Feb 4, 2018·Hoarder Of Speed et alia

murph

Might want to get an affidavit to affirm your family provenance. The unexplained wealth police are flexing new laws this year. https://www.gov.uk/government/publi...rs/circular-0032018-unexplained-wealth-orders

Keeps UK Proctologists busy.

 

Posts

30,014

Likes

77,530

Archer

·Feb 4, 2018·Omega Qualified Watchmaker

murph

I agree and sorry for going off OP topic but this clause is included. "
A UWO can also be applied to politicians or officials from outside the European Economic Area (EEA), or those associated with them i.e. Politically Exposed Persons (PEPs). A UWO made in relation to a non-EEA PEP would not require suspicion of serious criminality." It Seems the new law is written to include almost anyone anywhere and regard anytime.

If you are suggesting that they will come after someone in the US over a watch...well that's crazy...

 

Posts

95

Likes

61

murph

·Feb 4, 2018

Archer

If you are suggesting that they will come after someone in the US over a watch...well that's crazy...

Yes Lord

 

Posts

12,145

Likes

40,463

abrod520

·Feb 4, 2018

Archer

If you are suggesting that they will come after someone in the US over a watch...well that's crazy...

Of course they won't, but if he does decide to sell it (which yes, he states that he does not want to do, just saying), they will definitely notice

 

Posts

30,014

Likes

77,530

Archer

·Feb 4, 2018·Omega Qualified Watchmaker

abrod520

Of course they won't, but if he does decide to sell it (which yes, he states that he does not want to do, just saying), they will definitely notice

I've sold tons of items and no one from the UK or EU has come after me yet - I guess I'm just lucky! 😉

 

Posts

6,622

Likes

10,213

Peemacgee

·Feb 4, 2018·Purrrr-veyor of luxury cat box loungers

I think the OP should hope his grandfather hangs around for another 7 years. (Hopefully longer for the OP’s sake)
The time limit for a gift under inheritance tax rules in the U.K.
not usually a problem when inheriting a ‘nice watch’
But this watch could push an estate over the £325,000 limit.
Edit
If he’s in the U.K. that is...

 

Posts

5,861

Likes

16,798

gemini4

·Feb 4, 2018·Hoarder Of Speed et alia

I thought that personal sales of vintage watches are exempt from UK income tax?

 

Posts

6,622

Likes

10,213

Peemacgee

·Feb 4, 2018·Purrrr-veyor of luxury cat box loungers

Sales yes and capital gains but I think they’re still liable for inheritance tax.

 

Posts

141

Likes

681

vintagestuff

·Feb 4, 2018

It was given as a gift by one living person to another. So are any gifts I give taxable? I need to start keeping a ledger at Xmas.

And does anyone really intend to make a record of all this for the IRS? Seems look a moot point.

And if you sell a watch of this value, I should think the buyer would make the trip to pick it up and wear it home. I know I would.

 

Posts

6,622

Likes

10,213

Peemacgee

·Feb 4, 2018·Purrrr-veyor of luxury cat box loungers

vintagestuff

It was given as a gift. So are any gifts I give taxable? I need to start keeping a ledger at Xmas.

As long as you survive the gift by 7 years - it doesn’t count towards IHT.
The rule is intended to stop folks giving their wealth away.
This is only in the U.K.

 

Posts

141

Likes

681

vintagestuff

·Feb 4, 2018

I see. Makes sense. No one would ever know I had received the watch, and there is no previous record of it having value, so.....

 

Posts

6,622

Likes

10,213

Peemacgee

·Feb 4, 2018·Purrrr-veyor of luxury cat box loungers

Ha ha!
We know!
😉