Pie Pan Constellation found at Antique Store Seeking Opinions

cristos71 · Dec 11, 2020

Totally agree with @Peemacgee on this one. For me a dog leg case ( which I admit is not my favourite case shape ) that has lost its sharpness through polishing is a straight pass.

Although this one isnt too bad those soft shoulders will just annoy after a while on the wrist and the whole point of this design is the interest created by the hard chamfers.

I don't think I'm too out of touch with pricing and can only believe that anyone who is paying €2.5-€3.5K for one of these is looking for just the one vintage watch and is certainly not a well read collector.

With the watch in question, taking into account that it is being sold by a dealer, I'd say a target price of somewhere between €1250-€1500 should be easily achievable depending on how long it's been for sale and the OP's negotiating skills.

mozartman · Dec 11, 2020

septentrio
I think a lot of the people on here from the older generations need to update themselves on current 167.005 and 168.005 pricing. Barn find watches are doing 2k on ebay these days and dealers ask 2,5 to 3,5k.

Still saying that these models go for 1200 is very very 5 years ago. Condition is everything and examples that tick all the boxes are 2 to 3k euro.

Thank you!! As ignorant as I am, even I suspected this example in this condition, despite the polished case (some people obviously think a polished case is better than 'sharp facets' with scratches, but not the collectors here, I get that) does not now "typically" sell for only $1,250, in the sense that an ordinary, non-expert non-insider could monitor the internet for a few months or visit a few shops in person (where it would cost even more than on the internet in my area) and get anything this nice and desirable for that price. I was wondering if anyone would come out and say as much. Of course, the collectors here are masters of the 'find', and have high standards.

Davidt · Dec 11, 2020

It depends on the seller.

Say what you want about the current market but in a private sale, that reference, with that case and no bracelet will not achieve $1850, 9 times out of 10. Sure dealers can ask what they like - they should be adding value like a full service etc to partly justify it.

That’s why people here are saying it’s not an 1850 watch.

padders · Dec 11, 2020

So we have supposedly out of touch old timers facing off against naive youngsters who are too impatient to do their homework and wait for the right deal to come along at a sensible price. The solution: the oldies should sell some of their watches to the know it alls at a horribly inflated price. /nj

Outcome: both sides happy!

cristos71 · Dec 11, 2020

Extra /lk for the intonationiecom ^ /srs

septentrio · Dec 11, 2020

I’m not saying that this example is a 2k euro watch. As specified, the case is too far gone for that. Sharp lugs are a hugely important factor with these watches. But saying it is a 1,2k watch, or comparing with a far less desirable 168.004, just does not make sense. The times that you could buy a perfect 167.005 or 168.005 for 9 to 1100 euro are gone. And thank god for that. They are iconic watches, that need to be valued as such. We throw 3,5k to the table for every half-decent vintage DJ so buying a perfect piepan doglegger at 2 to 3k is still tremendous value imho.

All that being said, I have a very nice 167.005 coming my way soon - can’t wait 👍

mozartman · Dec 11, 2020

Davidt
It depends on the seller.

Say what you want about the current market but in a private sale, that reference, with that case and no bracelet will not achieve $1850, 9 times out of 10. Sure dealers can ask what they like - they should be adding value like a full service etc to partly justify it.

That’s why people here are saying it’s not an 1850 watch.

Yes, the key phrase being "in a private sale." I sold an artwork recently through an auction house in Europe. Before doing that, I found out all there was to know about it and the market for it with my own research. Though the auction house was in the artist's home country and specialized in the work of this artist and his compatriots (which was a big reason I chose them), by the end I knew vastly more about the artist and of course the particular work and its provenance than they did. They even used some info from me in their catalog description. Yet, I still willingly paid the 18 percent premium off the hammer price, and the buyer paid 18 percent in addition to it. The premiums alone were a lot more than $1,250 and paid willingly. That is how far a private sale was out of the question, despite my sophistication in this narrow area, and presumably the buyer's (who likely was a European dealer). You guys are experienced Omega enthusiasts, you're in the market all the time, you're willing to be burned every now and then because you make up for that with your good finds, and $1,250 is not all that much in the Omega world. Newbies and occasional buyers are not in the same boat.

gatorcpa · Dec 11, 2020

septentrio
We throw 3,5k to the table for every half-decent vintage DJ so buying a perfect piepan doglegger at 2 to 3k is still tremendous value imho.

But this example is far from perfect.

Also, prices in the US tend to be less. For one thing, prices quoted in the US never include sales or VAT tax. That’s up to a 20% difference right there. US sales taxes are added to final price.

We have to remember this when discussing prices across borders.
gatorcpa

harrymai86 · Dec 11, 2020

septentrio
I’m not saying that this example is a 2k euro watch. As specified, the case is too far gone for that. Sharp lugs are a hugely important factor with these watches. But saying it is a 1,2k watch, or comparing with a far less desirable 168.004, just does not make sense. The times that you could buy a perfect 167.005 or 168.005 for 9 to 1100 euro are gone. And thank god for that. They are iconic watches, that need to be valued as such. We throw 3,5k to the table for every half-decent vintage DJ so buying a perfect piepan doglegger at 2 to 3k is still tremendous value imho.

All that being said, I have a very nice 167.005 coming my way soon - can’t wait 👍

Congratz, yes DJ has been skyrocketting to even 4k 5k range, Connie will follow up I believe. I missed out a deal on a 14381 with arrow head and still kicking myself 😵‍💫.

Dan S · Dec 11, 2020

septentrio
We throw 3,5k to the table for every half-decent vintage DJ so buying a perfect piepan doglegger at 2 to 3k is still tremendous value imho.

harrymai86
Congratz, yes DJ has been skyrocketting to even 4k 5k range, Connie will follow up I believe.

OF is indeed an alternate reality. 🙄

hoipolloi · Dec 11, 2020

Looking into the sales forum here, I have not seen any 167.005 and 168.005 for sale at the low price that you guys wish.

harrymai86 · Dec 11, 2020

Dan S
OF is indeed an alternate reality. 🙄

It is all up to condition too of course. But connie is getting attention that it surely deserves.

mac_omega · Dec 12, 2020

cristos71
Totally agree with @Peemacgee on this one. For me a dog leg case ( which I admit is not my favourite case shape ) that has lost its sharpness through polishing is a straight pass.

Although this one isnt too bad those soft shoulders will just annoy after a while on the wrist and the whole point of this design is the interest created by the hard chamfers.

I don't think I'm too out of touch with pricing and can only believe that anyone who is paying €2.5-€3.5K for one of these is looking for just the one vintage watch and is certainly not a well read collector.

With the watch in question, taking into account that it is being sold by a dealer, I'd say a target price of somewhere between €1250-€1500 should be easily achievable depending on how long it's been for sale and the OP's negotiating skills.

Chris, you are spot on! 👍

ConElPueblo · Dec 12, 2020

hoipolloi
Looking into the sales forum here, I have not seen any 167.005 and 168.005 for sale at the low price that you guys wish.

I sold this one for <2K€ recently:

Serviced and running perfectly.

cristos71 · Dec 12, 2020

gatorcpa
But this example is far from perfect.

Also, prices in the US tend to be less. For one thing, prices quoted in the US never include sales or VAT tax. That’s up to a 20% difference right there. US sales taxes are added to final price.

We have to remember this when discussing prices across borders.
gatorcpa

So if you US guys are discussing a piece for sale in the US with say a $1000 price tag there will always be some kind of sales tax/VAT added to the price later? I'm assuming that can only be from a business seller, right?

Shabbaz · Dec 12, 2020

septentrio
or comparing with a far less desirable 168.004, just does not make sense.

Hey hey hey... the 004 is a bad ass model and with wrist presence it destroyes the tiny dog leg! It eats it for breakfast!

Shabbaz · Dec 12, 2020

But I agree with the fact that the difference in price between a datejust and a pie pan connie is too far away. At the other hand, if some forum member would try to sell his SS pie pan here for 2-3k I would think he's delusional.

padders · Dec 12, 2020

Oh they try...

septentrio · Dec 12, 2020

Shabbaz
But I agree with the fact that the difference in price between a datejust and a pie pan connie is too far away. At the other hand, if some forum member would try to sell his SS pie pan here for 2-3k I would think he's delusional.

3k, yes, maybe. That is the price for a very very nice arrowhead. But 2k is not that strange for a mint SS piepan imho. Not at all even.

If someone has a sharp unpolished 167 or 168.005 with mint dial, onyx inserts, and matching serial, than I am ready to throw 2k at that. You can DM me right away!!

Davidt · Dec 12, 2020

No ones arguing that a nice pie pan isn't worth 2k. The fact is this has no bracelet and the case is overpolished.

People must assign their own values to vintage watches but I don't believe the majority of the market would value this at 1850

Pie Pan Constellation found at Antique Store Seeking Opinions

cristos71

mozartman

Davidt

padders

cristos71

septentrio

mozartman

gatorcpa

harrymai86

Dan S

hoipolloi

harrymai86

mac_omega

ConElPueblo

cristos71

Shabbaz

Shabbaz

padders

septentrio

Davidt

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