I saw this watch at Costco in Houston last year for around $3,600, someone here picked it up later on. I passed on it because I was planning on changing the dial to a basic speedy and it didn't come with a NATO strap and would need a service soon. I figured once you factored those in it was no longer a "deal" so I passed on it. The watch is different, but IMHO not special. Some flashes of red, that's it. Is that worth a premium? I guess if you really like red. To me, the chapter ring dominates the face and makes the watch look small and red is not as flexible with strap or clothing options. It effectively made the professional wear like a reduced with red accents. Frankly, it looks better in pictures online with people wearing them with color coordinated stuff than in person.
The reality is that this watch lingered for years and was sold at deep discounts because the "then" market spoke and said "No thanks." Now people want them because they see the appreciation of ST1 and ST2 and are trying to backdoor this one in as a sleeper ST0. Do I regret my decision, financially yes, but I still don't care for the dial and would rather have a base speedy for regular wear. My gut tells me the buzz around this watch is strictly people trying to trump up the price as an investment proposition, not that they actually prefer it to other Speedy's if they sold at a discount vs. a base speedy. In short, people want them because they are trading at a premium, and my guess is that if prices dropped so too would demand. Like air cooled 911's 10 years ago, people were passing on these all day long, and not for no reason. Nothing has changed since then, other than the current LE horology bubble based on people buying watches to put them in safes.
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