Should I buy this GMT Master 1675 (c. 1973) ??

Posts
41
Likes
71
Rolex GMT 1675 c.1973.
Asking Price, $23,000 + includes future service.
Story
: Single-owner bought it from an overseas military base during Vietnam War in 1973. Not posted is a photo of owner wearing the bracelet. Owner recently passed away and his brother sold it to local watch shop. Watchmaker was keeping it for himself in private collection but now selling due to Coronavirus.

 
Posts
2,162
Likes
6,712
Hi there - It's an MK2 dial which needs to be cross referenced with serial # on warranty paper and between the lugs. That is what's most important in terms valuation. I can't tell, I do see it's a 2mil serial, but that's too broad for my licking, but not totally out of range either.

Now to the most important aspect of the watch, the dial, lume isn't particularly attractive to me, it shows very little to no patina and in some shots it almost looks like whitewash. Closer inspection is in order to make sure it's indeed in tact.

Case actually looks good from what I can see. Will need to see Reference and Serial #'s between the lugs to ensure proper stamping.

Now to the obvious, the second sweep hand is missing tritium, so finding a match will be difficult. It'll probably need to be color matched. Insert is later replacement (will need to confirm by looking at the back side), a proper redback is about $2K for that watch. Looks to be a blue back to me which is only worth $200-400.

Bracelet looks to be original folded link as well. You'll need to inspect the caseback stamp with proper date as well as movement.

To me, the dial makes the watch, I could care less about box/papers/hang tags/toilette papers.... This dial is just not that attractive which has a huge impact on valuation. I personally would not pay anything close to the stated ask.

Best,
-A
 
Posts
2,162
Likes
6,712
@ATWG Serial is 288####. Thank you for your advice.
That's a check...still not worth it to me.

Are you a dealer by any chance?
 
Posts
41
Likes
71
Lol no. I am a buyer and a newbie. The seller is a dealer with a salon downtown. While corona is going on, he is still selling watches. I did see the watch in person. I asked him to send photos of everything.
 
Posts
2,162
Likes
6,712
You should do your own research in both Omega and Rolex...can be quite fulfilling.
 
Posts
41
Likes
71
@ATWG Coronavirus side effect = dizzied in watches. I started with the Zenith A386, then went to the 145022 Moonwatch, and now on the GMT Master. I'm relying on fine gentlemen like you to assist me and truly appreciate your help. Frankly, I'm a newbie who just wants to buy an honest vintage watch at an reasonable price that has some upside on appreciation down the road. Most importantly, I want to enjoy it on my wrist and not regret my buy. I'm finding that difficult and becoming self-aware that I'm likely in over my head in intricately nuanced market such as this. At this point, I just want a Pepsi GMT on my wrist. Perhaps my birth year 1985 or 2018 (another sentimental year). You know of anything FS?
 
Posts
269
Likes
200
I would pass as well. Too much $ for the watch with a service bezel, & missing lume on seconds hand. For me the bezel plays a big part in what makes the watch for the 1675. 1675 matte dial GMTs are common, be patient for the one that really appeals to you.
 
Posts
488
Likes
707
$23k is a lot for a watch. Have you spent some time looking at other offerings from either established sellers on Omega Forum or online dealers that are trusted?

I get that purchasing locally is preferred to both be able to see the watch and vet the seller. However, I think there are much better looking watches for much less money out there.

take the one linked below. It doesn’t have some of the accessories like yours (eg, box/papers) and there are some detraction like an engraved case back. However, for a substantial amount less ($19k) I feel there’s a much better bezel inset and dial.

if you haven’t, take some time to look at 1675 examples that have been sold and are being sold. Use WatchRecon. There’s a lot of variation and by seeing many examples you can dial in what elements (case quality, patina shade, etc) you’re looking for. $23k is more than enough to get a top of the line/quality matte dial.

https://tropicalwatch.com/watches/lkqo
 
Posts
21,073
Likes
48,119
I agree with what has been said above. The case is ok, but it's just not a very appealing dial and hand-set IMO, and the insert needs to be replaced. The best faded fat font bezel inserts really make this reference, and they're not cheap. All in, with a nice insert and repaired lume this is a $26k watch (and then you have a re-lumed hand), which is really the top of the market for this variant. So for a private seller to ask $23k for a project watch, it's a crazy price, no connection to reality. The B&P adds value, but the watch itself is a little below average. Don't overpay for a mediocre watch.

If you put aside the B&P, there are some really nice ones out there right now in the $16k-$17k range from top dealers, and you could get one similar in quality to the OP watch for less than $15k, including the correct bezel. Prices are softening a bit and there are MANY 1675s on the market.

If you really want to spend $26k, there is a really nice Mk3 for sale in the dealer classifieds here. Still a lot of money, but at least you'd have a watch that you'd be happy with.
Edited:
 
Posts
1,443
Likes
3,808
@ATWG Frankly, I'm a newbie who just wants to buy an honest vintage watch at an reasonable price that has some upside on appreciation down the road.

if you’re seeking a reasonable price this is not the watch for you. It is likely an honest watch and bracelet that has been serviced and used as it should. The dial variant is correct for the case serial which, if you’re new to this hobby, is not always easy to find. I find the price too high even with a very complete set. There are many options for 1675s below this price and at this time
 
Posts
177
Likes
2,099
I prefer to find a sublime 1675 without b / p than a very average (and more expensive) 1675 with b / p.
 
Posts
1,443
Likes
3,808
Thank you all for your insight. What about this one on RF?

What are you looking to buy? Any GMT? Any price range?
 
Posts
41
Likes
71
What are you looking to buy? Any GMT? Any price range?
Yes a GMT 1675, 16750, or 16710 Pepsi. $18K for that 1675 is a heavy lift but it is very nice. Would prefer to be in the $10K-$12K.
 
Posts
2,170
Likes
15,474
Yes a GMT 1675, 16750, or 16710 Pepsi. $18K for that 1675 is a heavy lift but it is very nice. Would prefer to be in the $10K-$12K.
16710 and 1675 are completly different watches, but if you wanna spend 10-12k I would go for a very nice 16710 example. The early ones can show very nice patina on dial and hands and match well with a nice faded bezel. Spending that money on 1675 will only get you dog shit!

Adding my 16710 from -95 below just because pictures are more fun 😀
 
Posts
1,443
Likes
3,808
Yes a GMT 1675, 16750, or 16710 Pepsi. $18K for that 1675 is a heavy lift but it is very nice. Would prefer to be in the $10K-$12K.

Those are 3 very different watches and at 18K stretched your stated budget by 45-65%. You also asked about a MK 1 EP so I’m seeing if you have fully done your research