Omega Speedmaster 2998-4 value

nmiladin · Mar 24, 2022

Hello to all of you Omega fans!
This is my first post here and i hope to get help from you.

So recently i got my hands on one 2998-4 speedmaster and i am interested if you can guide me trough it and see if there is some red flags i need to worry about.
i am considering buying it for a fair price and i wonder if you could help me define it and tell me how much it is worth.
I took the watch to the best official omega watch service in my county and i got some feedback from the watchmaker that the watch is in fully original condition. The 321 movement is in original condition and was probably only serviced for lubing the caliber. Nothing replaced.
dial to me looks original but im not shure.
also i am not shure about the plexi crystal because there is no omega stamp on it.
box and papers are missing since the old owner passed away and used the box for storing jewels and now it is gone.
original bracelet is in perfect condition and show minimal signs of wear.

the watch is in almost mint condition, no polishing done.
note the dirty spots on the watch is not rust, it is only dirt and oil since the service needed to lube the back to open it because it was not opened for a long time.

here are some pictures.

View attachment 1390335

Seaborg · Mar 24, 2022

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.

nmiladin · Mar 24, 2022

the watch is not polished by the opinion of the servicer. maybe on pictures it looks like it but in first hand the whole watch looks uniformed and there is micro scratches on all parts equal.

How do you know the crown was replaced ?

I've seen already original 2998-4 with same sub register hands, in that period omega used different hands on same refference nr as far as i am informed. maybe I am wrong ?

Dan S · Mar 24, 2022

Looks like a great watch, and very desirable. The crown is obviously a replacement, and the case has obviously been polished. If you are going to ask question of experts, I suggest you sit back and listen to the comments instead of trying to argue.

nmiladin · Mar 24, 2022

Definetly dont want to argue here, i respect all comments and i was only comenting since the watch service told me different.

Dan S · Mar 24, 2022

N nmiladin
Definetly dont want to argue here, i respect all comments and i was only comenting since the watch service told me different.

Dealers are not always so knowledgeable about vintage references. Certainly not as much as some of the experts you will find on this forum.

Redwes25 · 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 anomaly shiny (maybe onlyrelated to 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 agree with all of this. Crown is not a hard fix but sub-dial hands will be tougher to find. I also agree it looks polished but there are honestly not many 2998s that haven't found a polishing wheel so I wouldn't worry about that.

Also, movement number is in right range for early 2998-4, which is good. Do they have an extract?

nmiladin · Mar 24, 2022

Thanks for the feedback and sorry once again for questioning the good people here.
I quickly found a thread showing difference between original and replacement crown and it is deffinetly replaced.on this watch.

As far as the extract from the archive...we are in the process of getting it.

So... you guys deffinetly think the subdials have been replaced ?
http://www.db1983.com/our-archive/omega-speedmaster-ck-2998-4-19611
https://bulangandsons.eu/products/omega-speedmaster-2998-4-1961
this is why i was confused because i saw already few examples with same dial where dealers are selling them as all original.

ortope · Mar 24, 2022

2998-4 that I own since 30 years:

Cheers

mountainunder · Mar 24, 2022

Check out this site maintained by a member of the Omega Forum. It's informative.
https://speedmaster101.com/2998-3/
https://speedmaster101.com/price-chart-2/

ortope · Mar 24, 2022

True, but the shown picture of the 2998-4 has the wrong sub dial hands...

Cheers

perenowell · Mar 24, 2022

I agree with my friends here. Some issues but it’s a fantastic watch! You’ve been very lucky to find such a beauty.

And it seems you all forgot something: Diiiiiiiiibs!!! 😁

Scarecrow Boat · Mar 24, 2022

perenowell
And it seems you all forgot something: Diiiiiiiiibs!!! 😁

Well, the OP hasn't purchased it yet. You can always ask them where it is being sold if they decide against it so you can make your dibs a reality 😉

N nmiladin
i am considering buying it for a fair price

perenowell · Mar 24, 2022

Scarecrow Boat
Well, the OP hasn't purchased it yet. You can always ask them where it is being sold if they decide against it so you can make your dibs a reality 😉

Ahahah, I read it too fast on my phone cleaning my kids room before bedtime 🙄

nmiladin · Mar 24, 2022

Thank you guys for your replies !
One more question... how big is the interest for this condition and type of watch generaly, how quick do you predict selling time for a normal price.
I would really like to keep the watch for a while but im not close enough to justify keeping it forever and i am also lookin at this purchase as an investment.

p4ul · Mar 24, 2022

Dan S · Mar 24, 2022

N nmiladin
Thank you guys for your replies !
One more question... how big is the interest for this condition and type of watch generaly, how quick do you predict selling time for a normal price.
I would really like to keep the watch for a while but im not close enough to justify keeping it forever and i am also lookin at this purchase as an investment.

I don't understand what you are asking. It's impossible to predict what will happen to values in the future or how long it would take to sell a watch. And honestly, if you don't feel knowledgable about these issues, perhaps you should not be investing in vintage watches. Stick to bitcoin. Members here are very generous in sharing their knowledge, but ultimately we are not here to help strangers make money.

Davidt · Mar 24, 2022

N nmiladin
Thank you guys for your replies !
One more question... how big is the interest for this condition and type of watch generaly, how quick do you predict selling time for a normal price.
I would really like to keep the watch for a while but im not close enough to justify keeping it forever and i am also lookin at this purchase as an investment.

I was about to comment but you mentioned the ‘I’ word so I won’t bother.

nmiladin · Mar 24, 2022

Im just trying to be honest about the whole situation with the watch.
I am not the owner of the watch and im not trying to sell it here in some weird way because i do not own the watch.
I am an watch entusiast, i collect vintage watches that are noway near the value of this watch.
I dont know why some of you are getting offended about the whole thing.

Regarding the resale value, i am just curious how big interest there is for these watches in reality. If some day i wish to sell it or my friend would like to sell it for a fair price. For an example: if chrono sellers or some other sites like davidoff etc are selling it for 30k and i wish to get 20k, realisticly, in the moment lets say, how big would the interest be ?
That was my last question.

I have lot of experience in the vintage market with musical instruments, im a vintage gear collector but the watches are a new field to me. im not a flipper, i usualy buy and dont sell but it is alwas good to get some knowlage about the resale situation.

Hope this time i was little bit more clear.

No offence guys.

Dan S · Mar 24, 2022

I'm not offended, but I'm also not particularly interested in helping under the circumstances. In your previous post you made it absolutely clear that you were buying as an investment, it's too late to backtrack now. You want investment help, hire a consultant. You want to talk about watches, welcome!

And no, your questions are not clear, actually. "How big an interest there is for these watches in reality?" "If some day i wish to sell it or my friend would like to sell it for a fair price." How could we possibly answer those questions? You are asking us to generalize about things that are impossible to answer. This is knowledge that comes with experience, and even so, prices and desirability fluctuate for a given reference. Also, valuable vintage watches are generally not easy to sell for someone who is an unknown quantity. If you have a good reputation selling musical instruments, maybe you should stick with that.

Omega Speedmaster 2998-4 value

nmiladin

Seaborg

nmiladin

Dan S

nmiladin

Dan S

Redwes25

nmiladin

ortope

mountainunder

ortope

perenowell

Scarecrow Boat

perenowell

nmiladin

p4ul

Dan S

Davidt

nmiladin

Dan S

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