Phillips auction Speedmaster - a 3.000.000-fake?

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@momosono
kein einzelfall ... not an isolated case
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Apple translation for those of us whose German is deficient:

The investigation into the counterfeit 3 million Speedmaster from Omega is ongoing. Now we know: It was not an isolated case After the Speedmaster affair, the Swatch Group filed a criminal complaint against former employees and external persons. The investigations so far suggest that the accused are involved in the trade in many other watches.
 
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Apple translation for those of us whose German is deficient:
Thanks.
Must be where the rumour I heard came from. I was told there were a lot of prototypes missing.
 
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The museum and its inventory is arguably the single most valuable asset to a luxury brand, one that is trading on its history and its past achievements.

Therefore, it might be regarded as negligent management that three incompetent criminals were allowed free and unsupervised access to such a valuable asset. There appears to have been no inventory checks or supervision. The appointment of an ex airline pilot with no commercial experience to head the museum has proved to be a poor choice (As said under every collectors' breath at the time). Imagine if an older collector with OCD had been appointed instead - everything would be catalogued and numbered down to the screws. (Or is that just me, ha ha).

Who directed the head of the museum to over pay for a watch at auction, thus setting a false price in order to deceive the public and collectors? I would follow that up by asking if any other Omega watches were bought publicly for over inflated values? (This one, a 145.012 for an inexplicable $667,000 comes to mind, coincidently from the same auctioneer as the 2915). There was an Ultraman (with a dodgy extract and serial) at AQ as well as Black Racing, both selling for inexplicably high prices within a close timeframe.

Initially, I was angry at all involved, as I felt it had affected the value of my entire collection. I felt that all speedmasters were tainted by this episode. Then I realised it is a buying opportunity! Now I see interest and values returning, though it may be some time before we see a 2915 sell in auction for over $275,000. This was the highest price I saw for a genuine and fine, black dialled 2915.
 
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For us Omega " Oldtimer's" , that was no surprise. We always knew, that rare vintage Speedmaster parts , that would be replaced during a Factory restoration and the Factory Watchmakers, who did the work on behalf of paying customers, had special parts Bins for the replaced parts , who were not discarded , but inspected by very few employees in charge of the Museum reserve. The rest was always predictable. Just Human nature.
 
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rare vintage Speedmaster parts , that would be replaced during a Factory restoration and the Factory Watchmakers, who did the work on behalf of paying customers, had special parts Bins for the replaced parts , who were not discarded , but inspected by very few employees in charge of the Museum reserve.
Is this confirmed or speculation? I thought standard policy for the Omega service center was to return all parts to the owner (especially for vintage watches where owners care about originality).
 
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Before they returned all parts. Years ago. That Practice was common up to 15 years ago. And there were many Factory restorations and many owners did not care either. It's just Folks like us, who cared about 100% Originality ... And, no , that was not confirmed. Why would they ? It's just what happened.
 
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The amount of old watchmakers draws full of Omega and Rolex dials and bezels that have been unearthed over the years.

Wasn’t there a bounty of old bezels found many years ago in a parts buy with DONs and Base 1000s that were worth a small fortune.

It was only 12-15 years ago when 321 Speedmasters were $1000 a pop on eBay and sat around for weeks or months.

10 years ago people were baking dials for tropical dials.

Whenever money comes into anything the dodgy characters turn up like clockwork 🕰️
Edited:
 
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Who directed the head of the museum to over pay for a watch at auction, thus setting a false price in order to deceive the public and collectors?

Please see my opinion in this early post in this thread:


Nothing has changed, except Omega squealing just enough to try to deflect the blame from themselves.
gatorcpa
 
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not really "news":

In the meantime, according to the "Berner Zeitung", the public prosecutor's office in Biel is investigating. But the latter has already tried three times to hand over the case to the Bern public prosecutor's office for economic crimes.

Nick Hayek, head of the Swatch Group, criticized "the fact that the regional public prosecutor's office of Bernese Jura-Seeland has spent more than a year disposing of this case." He was "shocked", he told the NZZ.

The back and forth does not testify to a committed and motivated authority.

https://www.nau.ch/news/schweiz/wirbel-um-millionen-uhr-nick-hayek-sauer-66903787
 
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I doubt it.
100% with you on that one. Petros has been the victim in all of this. I know the guy very well and for a long time, even if we are no longer in contact (for the last 10y or so due to life/circumstances). His passion for OMEGA. He would have NEVER done anything to harm the brand name. It has always been his PASSION and would be faithful to the brand name. I personally have a very bad story that is in relation to an omega vintage I inherited. I gave it for a new battery replacement (long before all this came to my attention!) back in 2003, and they said they had to sent it to their offices in London. They had commented on the watch and its unique identification/personalised number. It came back and the back end of the watch with the identification number had been replaced with a cheap version, not 18k, etc. I WAS FURIOUS. Do you think I got any justice?!...... Well, you guessed correctly.
 
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I doubt it.
I am 100% with you on this. I have known Petros for a long time, despite not in contact for a good decade or so. His passion was always Omega watches and the Brand itself. He would not have done anything to harm the Brand name. I guess he is a victim in all of this. I also had a very bad story with Omega to share from back in 2003, when I wanted to replace the battery of my old vintage 18k Omega (that I had inherited). They had commented on the personalised identification number at the back of the watch and then, when I received it back (a good few months later...) the plaque on the back had been replaced, not to the same standards (of course!) and not 18k and without the personalised identification number!!!! I was FURIOUS... Did you think I got my justice ?!!.....Well, you guessed right.
 
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I have extreme difficulties to believe Petros was actively involved in this. Maybe negligent...but actively?
Petros, in my opinion (and have known him from very long and from young) would never do anything to harm Omega. It has been his passion from when a little boy. Almost like obsession with the brand. Also knowing his calibre/personality, it is a no no. Not been in contact with him for a very long time (decade or so), but I am sure he must be an (easy?) victim... very sad story.