Omega Speedmaster Racing 145.012 auction

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Philips will auction a 145.012 with the black racing dial in Hong Kong this May 30-31. I will be bidding on this watch and hopefully, it will be part of my collection soon. Fingers crossed.

 
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It does not state in the catalogue but i already have inquired if this watch has an extract.
 
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I got a reply now from Philips and was informed that Omega is not issuing extracts at the moment. Apparently, the watch is owned now by widow of a Japanese collector. The watch was inspected by the authors of the Omega Moonwatchonly book and they vouched for its authenticity.
 
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It does look pretty damn nice that's for sure, I've only seen one in person and it was a showstopper
 
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Interesting watch and certainly one I will be watching closely.

The movement number is what immediately caught my attention. Having checked the Black Racings known to me, I cannot recall another with a serial as low as 25.00x.xxx. In a normal Speedmaster this would be a slight red flag in the absence of an Extract, although with Black Racings the history is murkier than most references.

In the past we were sometimes able to obtain Extracts that specifically confirmed the Racing dial configuration. However, I have personally encountered a couple of examples where Omega refused the Extract because the movement had originally been delivered in what Omega described to me as a solid gold watch. My own suspicion has long been that some slow-selling gold models in period may have had their movements recycled into Racing dial Speedmasters, although that remains conjecture rather than proven fact. In both cases the Red Racing Speedmasters had original Omega sales guarantees with the movement number.

The fact this is a non-Professional dial could support the idea of it being an extremely early example, although to date I have not seen convincing evidence that the non-Professional and Professional Black Racings were produced in distinct batches or periods. To be clear this movement number is unique in my records of black racings.

As for the watch itself, overall it looks very good to me. The case appears strong, the bezel is better than many surviving examples, and the dial print looks clean and complete. The hand colours also look correct.

The only obvious issue I can see is the central chronograph seconds hand, which does not appear correct to my eye. If straight, it should resemble the white equivalent of the Ultraman hand and extend fully to the minute track, whereas this one falls noticeably short. That said, I have seen many different replacement chrono hands fitted to these over the years and it would not personally stop me buying the watch.

The dial markers are also slightly inconsistent, with some retaining lume and others apparently not, although that is not unheard of on Black Racings and again would not overly concern me.

At the low estimate, once commission is included, the watch feels inexpensive relative to recent Black Racing transactions. At the upper estimate it begins to look closer to current market reality.

What may ultimately hold it back slightly are the replacement central seconds hand, the mixed marker condition, and perhaps most of all the unanswered question around the unusually low movement number. Happy to be corrected if another Black Racing with a comparable serial is known.
 
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There is another racing dial 145.012 coming up for auction next week in London. This one with a professional dial from c. 1968. In fairly rough condition but with good providence: being offered by original owner.

 
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Interesting watch and certainly one I will be watching closely.

The movement number is what immediately caught my attention. Having checked the Black Racings known to me, I cannot recall another with a serial as low as 25.00x.xxx. In a normal Speedmaster this would be a slight red flag in the absence of an Extract, although with Black Racings the history is murkier than most references.

In the past we were sometimes able to obtain Extracts that specifically confirmed the Racing dial configuration. However, I have personally encountered a couple of examples where Omega refused the Extract because the movement had originally been delivered in what Omega described to me as a solid gold watch. My own suspicion has long been that some slow-selling gold models in period may have had their movements recycled into Racing dial Speedmasters, although that remains conjecture rather than proven fact. In both cases the Red Racing Speedmasters had original Omega sales guarantees with the movement number.

The fact this is a non-Professional dial could support the idea of it being an extremely early example, although to date I have not seen convincing evidence that the non-Professional and Professional Black Racings were produced in distinct batches or periods. To be clear this movement number is unique in my records of black racings.

As for the watch itself, overall it looks very good to me. The case appears strong, the bezel is better than many surviving examples, and the dial print looks clean and complete. The hand colours also look correct.

The only obvious issue I can see is the central chronograph seconds hand, which does not appear correct to my eye. If straight, it should resemble the white equivalent of the Ultraman hand and extend fully to the minute track, whereas this one falls noticeably short. That said, I have seen many different replacement chrono hands fitted to these over the years and it would not personally stop me buying the watch.

The dial markers are also slightly inconsistent, with some retaining lume and others apparently not, although that is not unheard of on Black Racings and again would not overly concern me.

At the low estimate, once commission is included, the watch feels inexpensive relative to recent Black Racing transactions. At the upper estimate it begins to look closer to current market reality.

What may ultimately hold it back slightly are the replacement central seconds hand, the mixed marker condition, and perhaps most of all the unanswered question around the unusually low movement number. Happy to be corrected if another Black Racing with a comparable serial is known.
Is the low serial number of the movement a cause for concern?
 
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The only obvious issue I can see is the central chronograph seconds hand, which does not appear correct to my eye. If straight, it should resemble the white equivalent of the Ultraman hand and extend fully to the minute track, whereas this one falls noticeably short.
Worth noting : this could be an effect of camera angle wrt the watch …

Best to double-check and ask for more pics where the auctioneers take them at different angles usually with a phone in-hand
 
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I will be bidding on this watch and hopefully, it will be part of my collection soon. Fingers crossed.
One thing that puzzles me: I understand the idea of soliciting feedback on the watch if you’re interested in it, but strategically, why state overtly that you’re going to bid on it to a community of dedicated collectors and potential buying adversaries?
 
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One thing that puzzles me: I understand the idea of soliciting feedback on the watch if you’re interested in it, but strategically, why state overtly that you’re going to bid on it to a community of dedicated collectors and potential buying adversaries?
My nightmare is that someone posts a watch I want to bid on. It feels like I might as well give up at that point… unless that is the psychological trick of posting on here in the first place!
 
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In this case, there are probably a fairly limited number of potential bidders, and they will be aware of the watch coming to market. It seems courteous of the OP to indicate that he is serious about it.
 
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One thing that puzzles me: I understand the idea of soliciting feedback on the watch if you’re interested in it, but strategically, why state overtly that you’re going to bid on it to a community of dedicated collectors and potential buying adversaries?

“Auction dibs” ??
 
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One thing that puzzles me: I understand the idea of soliciting feedback on the watch if you’re interested in it, but strategically, why state overtly that you’re going to bid on it to a community of dedicated collectors and potential buying adversaries?

I made the announcement in the hopes that members here who are more experienced can chime in and give their expert opinion on the watch and more importantly to point out if there are concerns or red flags that i should know. I trust more the advice of members here than the “so called“ experts of these auction houses.
 
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Btw i have already inquired from Philips on the issue of the low serial number and what is their take on the subject matter.
 
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One thing that puzzles me: I understand the idea of soliciting feedback on the watch if you’re interested in it, but strategically, why state overtly that you’re going to bid on it to a community of dedicated collectors and potential buying adversaries?
I wouldn’t want to be in a bidding war against erpin 😉
 
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Btw i have already inquired from Philips on the issue of the low serial number and what is their take on the subject matter.
I confirm that I briefly examined this model during the Geneva auctions. Spacefruit raised concerns about the short, white straight hand; indeed, all other Red Racing documented examples (both Professional and pre-Professional dials) with the white straight hand have a longer version. That said, given that examples are found with the “diamond” chronograph seconds hand in both drop and flat versions, no one can certify with absolute certainty which versions are legitimate.

Regarding the lume, most examples observed so far show issues with the applied tritium, which is often partially or entirely missing on one or more plots, reflecting a likely manufacturing issue.

As for the serial number, it falls outside the usual ranges for both Red Racing versions. Based on our observations to date, two main blocks can be identified: around fifteen examples in the 26.54.xxx range, and fewer than ten in the 26.07x.xxx range, all produced in 1968.
A few outliers are also known, and given the limited sample size, it would not be appropriate to exclude examples solely on the basis of their serial number. Notably, the 25.00x.xxx example for sale was also very likely produced in 1968, based on this block (25.002.xxx to 25.009.xxx), where all documented Speedmaster examples were produced that year.

Important precision: I certify that I don't know who is the seller.