Speedmaster Prices

Spacefruit

I initially thought this ought to have another thread, but instead let me show you how I think:
From the chart

145.022-69 2000 3200 4300 7200
145.022-69** 1850 2700 3400 5500 (**Straight writing)

My first thought is this is a "Running" watch, so 3200 or 2700. As I say i the notes, the 69 price includes a DO90.

This watch does not have one, so we can take the 69 Running price and subtract a bezel value (as stated in the notes) of 600. I do not add much for a 220 bezel, especially this one.
The hands are superluminova and it almost certainly needs a service.
So:
2700
-100 (hands)
-100 (Poor Dial)

So my idea from the chart is $2500. Remember at this level to factor in the required service (400-600) and you will end up with a watch for 3100.

This enables me to ask myself the question, "Do I want this watch, clean and serviced for $3100?"
Now if the watch has charm, I add some hundreds, if it has a dinged case I subtract. If the movement is corroded I subtract more, if it has a documented service I add 400.

I hope this illustrates a little how I use the chart.

Cal_321

Agree 100% @Spacefruit

Sometimes we can make a bin-bargain at eBay because Speedmaster-sellers are not well informed about the current prices. C24 at the other site is mostly frequented by professional sellers which are over-informed and expecting prices over the Christies-auction. And these have lost sometimes the reality.

This Italian seller expects 23.00 EUR for this watch - at least as I've asked about the price:
http://www.chrono24.com/itega/speedmaster-professional--brown-dial---id3893248.htm

Cal_321

Sorry, I meant 23.000 EUR

Taddyangle

I did look at Chrono24, but the prices seem way high in my observation, so I no longer bother.

I just looked up Ed Whites on eBay to get sense what has sold (I did not look at the details of any of these) and while only three sold in the last 2.5 months, nothing over $7500. Compare that to the listings on CHRONO24....Average list price is $12k?!?

Cal_321

For the possibility of an crash: I personally don't see this. Maybe we will see prices are going down by some references (which is really necessary), but for an crash the market has to be "flooded" with very rare watches which no one is willing to buy. The most collectors (as me) were happy to get "their" watch after a sometimes long hunting. These collectors will not sell their pieces very fast - as far as I'm expecting. But maybe the professional sellers will have problems to realize their dreamprices...

watchyouwant

chrono 24 is , like ebay, a marketing tool. you can always contact the seller with an offer outside ebay to skip fees. that happens all the time and chrono 24 is no exception. contact them and offer something, that benefits them as well. works often kind regards. achim

blacksharpie

As a first time collector it was my observation that there were a lot of amateur "dealers" that saw the increase in popularity of Speedies and without a really good understanding of the subtle differences in references and parts just priced everything along the lines of "this watch is perfect" service dial be damned. Couple that with enough buyers who don't know what they are really buying and actually paying that price and the more common vintage references got a big boost in "value." I wouldn't be surprised if that changes soon and there is a correction to the 145.022 -74,76,78 range. Which is why I spent extra time paying a fair price. Is my thinking correct?