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Phillips auction Speedmaster - a 3.000.000-fake?

PlainVanilla
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P PerJ
Not likely. They took actions the week after the auction and the news about the fake bridge came from them now. Not with Jose’s article.

Two days ago everyone was thinking the buyer was Chinese, and now Omega took action the week after the auction but what do we know? Do you have any proof that Omega took action immediately?
 
Omegafanman
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I agree with @dsio at this stage people should avoid too much speculation and avoid personalised comments given there are said to be active (possibly criminal) investigations (as I said before on a recent post above). Some of the companies involved should keep that in mind more as well despite a natural urge to seek damage limitation. Of course the pot may need public stirring again at some point to get to the truth. Ultimately it is good someone kept their periscope up despite attacks and threats of legal action, raising the questions and concerns to lay bare what has been going on. It is getting harder and harder for private individuals to do that.
Edited:
 
P
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PlainVanilla PlainVanilla
Two days ago everyone was thinking the buyer was Chinese, and now Omega took action the week after the auction but what do we know? Do you have any proof that Omega took action immediately?
Yes. Even Jose mentioned that in his article and it was talks about this as well in the industry.
It is also interesting to note that the person responsible for issuing this certificate resigned only days after the auction.
 
gatorcpa
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My prediction is that the Omega “investigation” will place all the blame on their former employees to save the company from embarrassment. After all, Omega is paying for it and it doesn’t look like law enforcement authorities are involved yet.

My opinion is that these former employees took the information on this watch to both Omega upper management and the auction house prior to any consignment. There were opportunities here for all of them. The auction house gets a huge commission and publicity for a $3M sale. Omega gets a watch they want for their museum which will be part of their marketing budget. The employees get paid by Omega, the auction house, the watch owners, or all of the above.

Those around this hobby long enough remember OmegaMania in 2007 and some of the alleged funny business surrounding that auction. We also remember how discussions about some watches were shut down by the watch forums existing at that time.

Remember the Golden Rule. He who has the gold, makes the rules.
gatorcpa
 
PlainVanilla
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gatorcpa gatorcpa
My prediction is that the Omega “investigation” will place all the blame on their former employees to save the company from embarrassment. After all, Omega is paying for it and it doesn’t look like law enforcement authorities are involved yet.

My opinion is that these former employees took the information on this watch to both Omega upper management and the auction house prior to any consignment. There were opportunities here for all of them. The auction house gets a huge commission and publicity for a $3M sale. Omega gets a watch they want for their museum which will be part of their marketing budget. The employees get paid by Omega, the auction house, the watch owners, or all of the above.

Those around this hobby long enough remember OmegaMania in 2007 and some of the alleged funny business surrounding that auction. We also remember how discussions about some watches were shut down by the watch forums existing at that time.

Remember the Golden Rule. He who has the gold, makes the rules.
gatorcpa

Of course.
 
SwissZ
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If somebody saved or saw the said extract for this particular watch, if my memory serves me, I believe there was an anomaly on the extract itself... I tried looking at Philips webpage but the full extract is not shown.

@pereztroika do you have the complete EOA?

At the time I wondered why Philips didn't have COA for such an important watch and now we know why...
 
eugeneandresson
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I hope in the unraveling of this saga, the method for the color conversion of the lume (and it somehow does not look like a relume) gets unearthed ...

🍿
 
Mark020
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Once heard a rumour about somebody in the Italian mountains who could do that
 
ortope
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pdxleaf pdxleaf
Omega with their deeper pockets is surely exposed to being sued due the conduct of their 3 employees. Perhaps they'll get lucky if the buyer has more to risk by exposure of their purchase and the source of their funds.

Hard to imagine extracts coming back. Probably too much downside risk to Omega. Wonder if they've ever previously been sued over an extract?
Apparently, Omega was the purchaser of the watch and the employees involved have already been fired. Criminal proceedings were initiated against the employees in Switzerland. The bridge that carries the movement serial number was not an Omega produced part, but a fake...

Cheers
 
BLOW UP
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Fallout Boy Fallout Boy
yeah: discovery-channel 👍 starring: Archieluxury

archie.jpg
😁😁😁

R6YTIK.gif
 
tyrantlizardrex
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ortope ortope
Apparently, Omega was the purchaser of the watch and the employees involved have already been fired. Criminal proceedings were initiated against the employees in Switzerland. The bridge that carries the movement serial number was not an Omega produced part, but a fake...

Cheers

At least one of the people resigned.
 
dsio
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tyrantlizardrex tyrantlizardrex
At least one of the people resigned.
This is absolutely correct and why as I suggested earlier, speculating about individuals is not helpful as it can easily be wrong.
 
P
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tyrantlizardrex tyrantlizardrex
At least one of the people resigned.
And according to the out of office reply he is just away. 😀

I hope this ends well for the good guys and that reality catches up with the opportunists. We will probably never know who’s who in this sad story.
 
Mark020
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Well Swiss courts are not easy to deal with so we never know
 
Tom Dick
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I’ve just caught up on all of this, I don’t believe it’s the first time it’s happened! All those ‘Alaska’ watches coming to market with impeccable provenance but some with completey nos cases etc and marked dials and selling for hundreds of thousands and other coming up with dials that I know watch-co sold some years ago! But all of them having one thing in common, impeccable provenance!

Mark my words this is just the beginning of a much larger issue! I will happily stand corrected but I’m pretty convinced I’m right! I think this has been going on for a long long time and how could it not? If what’s been said is true then insiders at the museum have had access to the archives, access to parts and knowledge of people who can put one and one together!

I’m with others, I know petros and he’s a good guy, I suspect, as with any other industry, it’s happened on his was and as such he’s taken accountability. But as others have also said speculation is not right on him as an individual.

It’s a massive scandal in the unfolding though, but then when there are such huge sums at stake it happens. £100K plus for probably some clever effort, a few rare parts and less than £20K investment will seem like a no brainer for some dishonest!

Just look at the dial and then the watch, I will say no more! The dial is covered in storage and surface marks but the case and everything else is nos and it comes with perfect provenance from
Omega and the archive! I don’t buy it

https://www.fratellowatches.com/omega-speedmaster-alaska/
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