- Posts
- 1,145
- Likes
- 1,463
southtexas
·this is a thread about a 2998-1 so i think that lines up well.
https://www.bukowskis.com/en/auctio...1000-tropical-dial-2998-1-naiad-crown-ca-1959
Omega Speedmaster 2998-1 Identification & Value Help
- Posts
- 154
- Likes
- 138
ZWD
·😀 of course! Yes, good example for why that user should start their own thread rather then convolute this one.
To the OP, good luck to your family and the estate on this auction. Are you going to be there in person? Just a downright incredible watch.
To the OP, good luck to your family and the estate on this auction. Are you going to be there in person? Just a downright incredible watch.
- Posts
- 24,517
- Likes
- 54,482
Dan S
·Now that the watch is listed at the auction and saw pictures inside I can ”rest in peace” as I was able to gather accurate info around web and confirm my expectation correct. Thank you to those different sites and this forum for comments and help. Now all I can do is sit back and hope for the best. Not for me but the estate and the buyer.
- Posts
- 756
- Likes
- 1,061
Dsplash
·For the record, this went for 36k€ all in
I was betting on it, ready to go to 30k and sell other speedies to fund this, but it went wilder :/
I was betting on it, ready to go to 30k and sell other speedies to fund this, but it went wilder :/
- Posts
- 742
- Likes
- 1,305
Mods
·It’s a very special watch. £30k is probably around the right number today - that said there will be expenses and hassle.
An auction house might take it on a reserve of 15-18k and you might get bids of £30k, but remember they will charge you 6-10% and the buyer will pay 25%
To throw the cat into the pigeons I will say this. If I owned it I would not sell it for £30,000 as it is a very rare and special example. However the market , while recovering, is still uncertain at this level. My fair probate value might seem too low in 24 months time
So as expected a pretty accurate prediction from William as the watch hammered earlier today at SEK 310,000. Estimate was 300K to 600K. Buyer paid total SEK 387,500 including commission - £31,000.
Assume the seller would have banked SEK 279,000 after fees taken from the hammer price (10%). Or £22,500.
To net the seller what the buyer paid, and Williams predicted value, the hammer would have needed to be SEK 384,000 SEK with buyer paying SEK 480,000 or £39,000.
- Posts
- 13,738
- Likes
- 53,611
Larry S
··Color Commentator for the Hyperbole.Buh-bye.
- Posts
- 24,517
- Likes
- 54,482
Dan S
·At least he clearly was taught manners growing up and expressed gratitude. I too find these queries kinda depressing. 1) what do I do with this useless thing? 2) Wait, it’s actually worth money? 3) How much? 4) I don’t believe you 5) ok I believe you. 6) Where can I sell it? 7) Minimum post rules 8) Poof!
10) Poof.
- Posts
- 13,738
- Likes
- 53,611
- Posts
- 528
- Likes
- 1,969
- Posts
- 756
- Likes
- 1,061
Dsplash
·https://www.db1983.com/the-collection/collection-for-sale/omega-speedmaster-ck-2998-1-tropical-19603
When you see the price asked for its cousin here, it does not seem that expensive any more 😅
When you see the price asked for its cousin here, it does not seem that expensive any more 😅
- Posts
- 11
- Likes
- 61
Lahtisenmake
·I don’t mind the slander. The bottom line is that the watch is going to new home where it’s going to be appreciated (hopefully) and estate “got rid” of it. Auction was fair to everybody to bid on it. I had nothing to say what happens to it and will not gain anything from the sale. It was a nice journey and learned something. Now can close this door behind me.
- Posts
- 2,541
- Likes
- 5,625
hansaboy
·I don’t mind the slander. The bottom line is that the watch is going to new home where it’s going to be appreciated (hopefully) and estate “got rid” of it. Auction was fair to everybody to bid on it. I had nothing to say what happens to it and will not gain anything from the sale. It was a nice journey and learned something. Now can close this door behind me.
Watches are really fun, and you did some research on the 2998 before you posted here, you must have liked that?
The Forum here is very very helpful (you must have noticed this 😉),
and it would be nice if you stayed here, and maybe contribute with a watch or two that you find on the journey?
- Posts
- 24,517
- Likes
- 54,482
Dan S
·It's only slander if it's not true. What are you objecting to? You used the community for your ends and got what you wanted. Why the whining?
Sure, you were a little disingenuous about your level of knowledge in your efforts to promote the watch, but to be fair, you never claimed anything other than that you were going to sell the watch. And I don't think anyone expected we'd ever see you again once you were done. this is just a generous and helpful group. Apparently, some people even bid on the watch, as you surely desired.
Sure, you were a little disingenuous about your level of knowledge in your efforts to promote the watch, but to be fair, you never claimed anything other than that you were going to sell the watch. And I don't think anyone expected we'd ever see you again once you were done. this is just a generous and helpful group. Apparently, some people even bid on the watch, as you surely desired.
Edited:
- Posts
- 11
- Likes
- 61
Lahtisenmake
·All I can say is that I have had no ill intentions. At first I wanted confirmation of my research and then help for estate what are their options. There were very insightful advices and after consideration estate made decision to auction it for it being the most honest way and fair chance for everyone to acquire it. There were good offers made privately and in hindsight they should’ve accepted the best as now they will get less but auctioning it was the easiest way during tough times they are going through. But as I stated in the beginning the estate didn’t want the last available penny from it and they are now happy about the result.
And what comes to me I’m not a watch person and my bank account laughs at me for even thinking about becoming one. There are some nice pieces out there but not for me personally. Yes, most likely I won’t be coming back other than just casually scrolling forums from time to time.
All the best for everyone and keep up the good work helping people.
And what comes to me I’m not a watch person and my bank account laughs at me for even thinking about becoming one. There are some nice pieces out there but not for me personally. Yes, most likely I won’t be coming back other than just casually scrolling forums from time to time.
All the best for everyone and keep up the good work helping people.
- Posts
- 883
- Likes
- 2,786
Porteroso
·All I can say is that I have had no ill intentions. At first I wanted confirmation of my research and then help for estate what are their options. There were very insightful advices and after consideration estate made decision to auction it for it being the most honest way and fair chance for everyone to acquire it. There were good offers made privately and in hindsight they should’ve accepted the best as now they will get less but auctioning it was the easiest way during tough times they are going through. But as I stated in the beginning the estate didn’t want the last available penny from it and they are now happy about the result.
And what comes to me I’m not a watch person and my bank account laughs at me for even thinking about becoming one. There are some nice pieces out there but not for me personally. Yes, most likely I won’t be coming back other than just casually scrolling forums from time to time.
All the best for everyone and keep up the good work helping people.
- Posts
- 13,738
- Likes
- 53,611
Larry S
··Color Commentator for the Hyperbole.All I can say is that I have had no ill intentions. At first I wanted confirmation of my research and then help for estate what are their options. There were very insightful advices and after consideration estate made decision to auction it for it being the most honest way and fair chance for everyone to acquire it. There were good offers made privately and in hindsight they should’ve accepted the best as now they will get less but auctioning it was the easiest way during tough times they are going through. But as I stated in the beginning the estate didn’t want the last available penny from it and they are now happy about the result.
And what comes to me I’m not a watch person and my bank account laughs at me for even thinking about becoming one. There are some nice pieces out there but not for me personally. Yes, most likely I won’t be coming back other than just casually scrolling forums from time to time.
All the best for everyone and keep up the good work helping people.
- Posts
- 5,326
- Likes
- 24,377
Spacefruit
··Prolific Speedmaster HoarderI’ve followed this thread with interest, and it’s probably worth stepping back for a moment.
Firstly, to the OP - thank you for sharing the watch. There’s been some suggestion that people arrive here, gather information, and then disappear. Personally, I don’t see that as a problem. If that’s how watches like this surface, then it benefits everyone. Without posts like this, many of these pieces would simply never be seen.
The discussion itself has also been largely sensible. The consistent advice - leave it untouched, take time, and consider the sales route carefully - was sound, and reflects the experience on this forum.
On the outcome, I noticed a few comments about where a watch like this would end up. Realistically, pieces of this nature tend to find their way into dealer hands. That’s not a criticism - it’s just how the market works. Dealers are usually best placed to recognise the significance of a watch like this, and they have both the capital and the patience to act accordingly.
Most established collectors already have strong collections and don’t need to stretch in the current market. A dealer can take a longer view.
It’s also worth remembering that auctions are underpinned by dealers. They provide the liquidity and, in many cases, effectively set the floor. The result here feels very much like that floor being tested. In a different setting - for example a major Geneva sale - the dynamics may have been different, but that is part of the variability of auctions.
Looking at the net result to the seller after fees, the realised value appears to sit broadly in the £20–25k range, which aligns fairly closely with the more conservative estimates discussed earlier. Whether the watch is “worth” more is a separate question, and one that may be answered over time rather than on the day of an auction.
Comparisons to dealer examples at higher prices are understandable, but they are not quite the same thing. A dealer is offering a curated and carefully presented watch to a specific buyer, often in a central market. This was, in effect, a fresh-to-market piece in a relatively remote location - which carries its own appeal, but also attracts a different type of buyer.
For what it’s worth, this was a very compelling watch. Even for those who don’t need another, it made one pause.
And that alone makes threads like this worthwhile.
Firstly, to the OP - thank you for sharing the watch. There’s been some suggestion that people arrive here, gather information, and then disappear. Personally, I don’t see that as a problem. If that’s how watches like this surface, then it benefits everyone. Without posts like this, many of these pieces would simply never be seen.
The discussion itself has also been largely sensible. The consistent advice - leave it untouched, take time, and consider the sales route carefully - was sound, and reflects the experience on this forum.
On the outcome, I noticed a few comments about where a watch like this would end up. Realistically, pieces of this nature tend to find their way into dealer hands. That’s not a criticism - it’s just how the market works. Dealers are usually best placed to recognise the significance of a watch like this, and they have both the capital and the patience to act accordingly.
Most established collectors already have strong collections and don’t need to stretch in the current market. A dealer can take a longer view.
It’s also worth remembering that auctions are underpinned by dealers. They provide the liquidity and, in many cases, effectively set the floor. The result here feels very much like that floor being tested. In a different setting - for example a major Geneva sale - the dynamics may have been different, but that is part of the variability of auctions.
Looking at the net result to the seller after fees, the realised value appears to sit broadly in the £20–25k range, which aligns fairly closely with the more conservative estimates discussed earlier. Whether the watch is “worth” more is a separate question, and one that may be answered over time rather than on the day of an auction.
Comparisons to dealer examples at higher prices are understandable, but they are not quite the same thing. A dealer is offering a curated and carefully presented watch to a specific buyer, often in a central market. This was, in effect, a fresh-to-market piece in a relatively remote location - which carries its own appeal, but also attracts a different type of buyer.
For what it’s worth, this was a very compelling watch. Even for those who don’t need another, it made one pause.
And that alone makes threads like this worthwhile.
- Posts
- 756
- Likes
- 1,061
Dsplash
·And as some here maybe also like other brands, there was imo an other marvel sold at this auction : an unpolished Rolex 5513 with a perfect dial, als fresh to market.
Ended up at 44k€ all-in 😬
Truly the submariner endgame for me :
Ended up at 44k€ all-in 😬
Truly the submariner endgame for me :
