This sold yesterday at a UK auction (Ash/Trev, I can't get the pics on here but it would be good to get them into the thread if possible):

http://www.fellows.co.uk/1275-lot-1...aperfilter=0&threesixty=0&vhigh=38000&vlow=50

On an estimate of £2500-3500, it actually sold for £6100 (hammer price).

So - to kick off the dissection of somebody's new pride and joy, I'd say it has wrong bezel, a replacement chrono minute hand and a chrono second hand from a 2998.

And I can't begin to find the right comment about screwdriver Harry's "inscription" on the back. Sometimes, words really are inadequate...


Any other thoughts from the gang ?

 

Correct dial, other hands look correct. Movement number in the correct range for the case reference. Inscription is tragic but overall, not a bad buy for the price. What would be the final price including buyer's premium and VAT in USD?

 

The VAT would be part of the gross price I think.

Assuming a 20% buyers premium, then the cost to buyer would be £7,320 / $11,600.

 

As would I.

 

I haven't been tracking any models before 105.003, so can't comment on the price.

But the simple discrepancy between the guide price and hammer price says the auction house underestimated this one. All of their other Omega estimates were pretty accurate predictions.

I wonder if the carvings on the back had a part to play.

 

There's a pattern of severe underestimates of collector grade Omega watches recently at Christies and other houses as well. I'm wondering if part of it is that pricing for Omegas is moving too quickly at the moment for them to establish a solid baseline?

 

I'm still trying to buy at 2009 prices personally

I think it's also possible that these watches are deliberately undervalued to expand the base of bidders as much as possible.

 

I mentioned it once in one of my longer more sprawling posts somewhere but I tend to look at eBay listings in particular with the attitude, if this is a perfect, clean ideal example of a valuable piece, what is it worth 18 months to 2 years from now, and bid accordingly. I'll definitely be keeping it that length of time if its a quality piece, and buying it at that time could cost me more, so it makes sense when "going long" on Omega.

 

I'm one of those people that firmly believes Paul Newman Daytonas are dramatically overpriced, considering how common they are and considering the whole "Texan dial" debacle where so many people found out their expensive PN's were high quality forgeries.

At any given time there are anywhere from 150-300 PNs for sale on the open market between VRF, chrono24, Ebay and private sellers. Compare that to 2915s and its night and day.

Even the regular Daytona, IMO is dramatically overpriced for what it is.

And this is coming from a guy who wears a Rolex Daytona 80% of the time.

 

It's curious to me but from what I've seen the -2 is the most plentiful and the -3 is the hardest to locate even harder than the -1. Of course the -1 is more valuable but I think since the -3 was a transition model (virtually identical to the 2998-1 aside of course from having an earlier serial number for the cal. 321 movement) it was made if pretty small numbers.