Omega Speedmaster 2998-4 value

nmiladin · Mar 24, 2022

Please, give me a break., i am reading this forum for 2 years now and its not like no one is asking and giving opinions about value.
And please dont be a hypokrit, all people no mather collector or hobbyists are buying and selling watches. I have not a problem with a statement that somday i will sell a watch. Im only not selling my heritage watches from my father and grad father.
Offcourse im buying a watch as an investment peace, that doesent mean i will sell it right away.
Sorry if im not a milionare and dont know if i will need money for my family or something else.

Davidt · Mar 24, 2022

You admit you have little knowledge of these watches so you’re asking us for help assessing condition, correctness and value. You go on to say you’re looking at this as an investment.

You’re asking collectors for help in order to maximise your potential profit when you likely try and sell it on to the very same collector community in the future.
This knowledge often takes literally years to gather and is generally offered freely to those interested in watches not returns. As soon as the question becomes “please use your years of knowledge to help me make money” I can’t be arsed.

nmiladin · Mar 24, 2022

Why do you think i am asking these questions to make money. I am primarily asking these questions because i would like to get more information on a watch i can buy. The resale question is and was not the main theme of the thread.
I still like to know details about the watches sub dials, is there a chance that they are original or if you are certanly shure that they are Replacement. My intent was not to take it to the resale value theme. I am not a flipper.

Larry S · Mar 24, 2022

Investing in books is a good idea … From “Moonwatch Only”.

Larry S · Mar 24, 2022

The best place to get a sense of value is Speedmaster 101. The author has a collection and product knowledge that none of us can even imagine matching.

Dan S · Mar 24, 2022

N nmiladin
Please, give me a break., i am reading this forum for 2 years now and its not like no one is asking and giving opinions about value.

Well, I guess you missed two years of chances to contribute, make friends and contacts, and become part of the community. The first time you could be bothered to post was when you were asking for free financial advice. Frankly, like @Davidt, I'm not motivated to help you make money at someone else's expense. I'd rather see the watch go to someone who has been hunting this watch for years because they truly love it.

The thread obviously stinks, but let's play along for a moment as if we really believe the story. The only way a naive buyer could have made money off this hypothetical seller would have been to walk in with cash, buy it way below market price, and then flip it immediately. When a seller has watched a potential buyer take their watch to a dealer to ask about authenticity, they usually get big ideas about the watch's value, and they will no longer let it go at a fire sale price. In fact, they usually swing to the other extreme, and ask the highest asking price they can find on Chrono24 for the reference. If the naive buyer doesn't get if for a cheap price, then in the future, it could go up or it could go down. People who bought straight lug Speedies 10 years ago and sold them three years ago made a killing. People who bought them three years ago are having a hard time selling them now, except for really special examples.

JayBe · Mar 24, 2022

N nmiladin
Please, give me a break., i am reading this forum for 2 years now and its not like no one is asking and giving opinions about value.
And please dont be a hypokrit, all people no mather collector or hobbyists are buying and selling watches. I have not a problem with a statement that somday i will sell a watch.

Nice going, accepting the help of someone and calling him a hypocrite right after for outlining the principles of community and free help. It is like coming here and asking "Hey, can I have free advise? Oh, and by the way, do you think that I can make money out of all of you later for that advise?".

My general understanding is, that if you have a nice 2998 or any correct cal 321, 145.022 Speedmaster, you show that you have
1) either good knowledge and are deeply integrated into the community, as these things are a minefield and hard to find at fair value, or
2) a lot of money.
Since you do not really seem to have either, you should maybe reconsider. Buying a watch should be a hobby and only dispensable income should be used. This is not to say that all or most of your money is gone once you buy a watch, otherwise we all would be mad doing this. But you should treat it that way and be fine with it.

140dave · Mar 24, 2022

Heh, Hi OP welcome to OF!

You picked a bad time to talk about buying and mentioning the “I” word. No one minds helping they just want to help a collector not an investor.

Lately there have been several threads on this topic including a current popular one: https://omegaforums.net/threads/lazy-you-do-the-work-for-me-please.143761/

My advice, wait, read, learn, get a feel for the room and try again at another point. Many here had awkward starts and stuck around.

nmiladin · Mar 24, 2022

im just a guy that love watches and last 3 years i am constantly learning about new and vintage watches. im not a high value watch collector. For the past year i am learning about omega watches and i just got lucky that my best friend who does not know anything about watches got this speedmaster from his mother. he knows that the watch is verry valuable because i told him so. the situation now is that he really need to sell it and he offered me first since i helped him with identifying and informing about the watch. he also knows that im a watch enthusiast and that i will take care of it.

im not a collage student with some small saving trying to flip a watch to get more money. offcourse i am spending my dispensable income on watches but where i live 20k is not small monney. and i need to be shure if im buying a valuable vintage watch that i dont lose money over time.

watchyouwant · Mar 24, 2022

Advise for making money with this watch: Buy it first. Use the value given here minus 20% -25 % . Change the subdial hands into leaf hands. Original ones will cost you around $1000 for 3. Replacement hands look slightly different. Buy the old, original crown for around $600. Forget the crystal. Get the extract from Omega and hope, it shows a Speedmaster..... Wait till October and try to submit to Phillips Geneva for auction. Your chances are not very good, that they accept it. Too many in the moment.....Wait 2 months for your money and that will be the best possible maximation of your purchase. Or buy shares in Weapons Manufacturers ( stingers, anti tank weapons.....) now to profit from the War in Ukraine. Will be the safer bet. Good luck with your purchase. It is a nice example in the right hands. Kind regards. Achim

140dave · Mar 24, 2022

N nmiladin
im not a collage student with some small saving trying to flip a watch to get more money. offcourse i am spending my dispensable income on watches but where i live 20k is not small monney. and i need to be shure if im buying a valuable vintage watch that i dont lose money over time.

Then I think @Dan S gave you the answer on pg1. No way to say that about any watch so you may want to look to put your money somewhere else if that is a requirement. It’s straight up gambling to do it with a watch.

JayBe · Mar 24, 2022

N nmiladin
im not a collage student with some small saving trying to flip a watch to get more money. offcourse i am spending my dispensable income on watches but where i live 20k is not small monney. and i need to be shure if im buying a valuable vintage watch that i dont lose money over time.

As I said before, if you do not want to own it enough to be OK with losing money, maybe you lack the passion required to embark on that endeavor.

BlackTalon · Mar 24, 2022

If he is your friend, show him @watchyouwant ' post above so he can sell it for the maximum amount possible. Since he is your friend I am sure you want him to do well, versus selling the watch to you at a discount so you can sell it for more later on. And at the price point, you can be 99% sure whoever wins the auction will take care of the watch (whatever that means). So do your friend a solid.

Dgercp · Mar 24, 2022

If you want to be sure not to lose money I suggest you not invest in vintage watches, especially with the little knowledge of these that you have. Buy a new Rolex instead, no knowledge needed

Scooterino36 · Mar 24, 2022

I carry my watches on my "balance sheet" at historical cost net depreciation. I do not carry them at Fair Market Value. Follow this method and enjoy this hobby free of the shackles of investment speculation.

MTROIS · Mar 24, 2022

Seaborg
Stellar Speedy.
As far as I've read (MWO), the sub-register hands are supposed to be leaf not baton.
The crown is service replacement.
The caseback was polished as it was deeply gauged when trying to open it.
I'm maybe wrong but the lugs look anormaly shiny (maybe only due to some visual effects of the pictures), so I guess the case band is polished.

Otherwise, it's a crazy watch. Look at that dial and hands 🥰 !

As for the price, I think we are floating in the 20-30k USD region.

I thought that baton hands, were also an option for sub registers, no?

Maybe my confusion came from the fact that Wally Shirra’s watch, which I thought was a 2998-4, had that configuration (See below)… and incidentally has the same configuration as my 2998-4.

STANDY · Mar 25, 2022

Had a post written but easier with a picture

befobe · Mar 25, 2022

Did anybody talk about the "flashy orange" colour of the index and the "exactly" matching colour of the hands?
I see many original tritium speedies with a different aging of index and hands, so this could be a little bit suspicious for me. But I never crossed 2998 in my life, and have no experience in this ref, so, my fear is maybe unjustified.
To 2998 lucky owners: orange like a fruit is a usual colour?

Sa Calobra · Mar 25, 2022

N nmiladin
im just a guy that love watches and last 3 years i am constantly learning about new and vintage watches. im not a high value watch collector. For the past year i am learning about omega watches and i just got lucky that my best friend who does not know anything about watches got this speedmaster from his mother. he knows that the watch is verry valuable because i told him so. the situation now is that he really need to sell it and he offered me first since i helped him with identifying and informing about the watch. he also knows that im a watch enthusiast and that i will take care of it.

im not a collage student with some small saving trying to flip a watch to get more money. offcourse i am spending my dispensable income on watches but where i live 20k is not small monney. and i need to be shure if im buying a valuable vintage watch that i dont lose money over time.

I think for the majority of this forum, 20k is not small money. And I understand that you take depreciation into account when doing a 20k purchase. But there will always be a big part of uncertainty around the price, so you should be passionate enough about it to lose money with it. And if you want to play with the big ones and buy top of the market watches with little experience, you cannot expect others to do the work for you to give you assurance that you won't lose money.

Seaborg · Mar 25, 2022

befobe
Did anybody talk about the "flashy orange" colour of the index and the "exactly" matching colour of the hands?
I see many original tritium speedies with a different aging of index and hands, so this could be a little bit suspicious for me. But I never crossed 2998 in my life, and have no experience in this ref, so, my fear is maybe unjustified.
To 2998 lucky owners: orange like a fruit is a usual colour?

Yes, orange is fine.

Omega Speedmaster 2998-4 value

nmiladin

Davidt

nmiladin

Larry S

Larry S

Dan S

JayBe

140dave

nmiladin

watchyouwant

140dave

JayBe

BlackTalon

Dgercp

Scooterino36

MTROIS

STANDY

befobe

Sa Calobra

Seaborg

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