Forums Latest Members

Speedy Tuesday – An Omega Speedmaster CK2915-2 On Auction Today

  1. Robert-Jan #SpeedyTuesday Apr 9, 2019

    Posts
    1,494
    Likes
    5,321
    [​IMG]
    Wait a minute? Didn’t Bukowskis auction a CK2915 before for a record price? Yes they did, and we reported about it here. We also published an interview with the collector who bought that CK2915-1 for a whopping $275,508 US dollars (including buyer’s premium). You can read that interview here. Speedmaster CK2915-2 So now, it is time for […]

    Visit Speedy Tuesday – An Omega Speedmaster CK2915-2 On Auction Today to read the full article.
     
  2. Spacefruit Prolific Speedmaster Hoarder Apr 9, 2019

    Posts
    5,191
    Likes
    22,933
  3. igloe Apr 9, 2019

    Posts
    122
    Likes
    217
    Let’s see. If the condition is good, It should reach high levels. We have seen this in Geneva last year, collectors don’t pay new record prices for medium quality.
     
    kov and Spacefruit like this.
  4. Spacefruit Prolific Speedmaster Hoarder Apr 9, 2019

    Posts
    5,191
    Likes
    22,933
    Agree.

    But this has impeccable "Barn Find" provenance.

    It always amuses me to see the BF premium paid, and then the object in question is immediately devalued a little by the very fact of the new ownership. If that new owner then works on the object, it loses all of its Barn Find premium.

    We collectors are all mad.
     
    igloe, JanV, KingCrouchy and 10 others like this.
  5. Len Apr 9, 2019

    Posts
    49
    Likes
    36
  6. jhross98 Apr 9, 2019

    Posts
    1,294
    Likes
    2,184
  7. Bp1000 Apr 9, 2019

    Posts
    622
    Likes
    2,824
    The very best would go for 120-150k (GBP) - original parts, good condition, no re-touches and original bracelet.

    I think the -3\s which are rarest (may be wrong on that) or ones that have been owned by certain people may fetch 200k

    75k is fairly low for a CK2915 but the place of sale can also play a big part, as well as the promo.
     
    LeonDeBayonne likes this.
  8. Spacefruit Prolific Speedmaster Hoarder Apr 9, 2019

    Posts
    5,191
    Likes
    22,933
    Having had time to think and review the sale, I think the seller and the auction house rushed this watch to market.

    Most of the watches that sold at this auction sold over estimate, the speedmasters were noticeably under - but they were all just a little bit off.

    I do think the 2915 would have done better at a bigger house. Or even a private sale. This watch was simply not marketed.
     
  9. MTROIS Apr 9, 2019

    Posts
    1,993
    Likes
    6,997
    Indeed! Even the Fratello bump came too late in the game.
    Not sure why the rush, but this is still a good chunk of money. Hope the seller is still happy...
     
  10. kov Trüffelschwein. Apr 9, 2019

    Posts
    4,113
    Likes
    16,084
    Interesting to note that the Community can be wrong :whistling:
     
  11. jhross98 Apr 9, 2019

    Posts
    1,294
    Likes
    2,184
    Seems like the seller didn't do themselves any favors....
     
  12. MTROIS Apr 9, 2019

    Posts
    1,993
    Likes
    6,997
    Not disagreeing with you at all, but what was the community wrong about? The course of action was probably the best one. The execution, that is rushing into it, was perhaps not the optimum one.
     
  13. MTROIS Apr 9, 2019

    Posts
    1,993
    Likes
    6,997
    The real question is whether the buyer is on OF!!!
     
  14. rainking Apr 9, 2019

    Posts
    368
    Likes
    445
    Honest question, not being a smartass: I often wonder, what do the majority of people who spend this type of money (or even more as we've seen with other examples) on 60-year-old watches actually do with them once they have in-hand? Would you actually wear a Speedmaster like this, or does it just get displayed in a collection, or what?
     
  15. sdre Apr 9, 2019

    Posts
    2,460
    Likes
    7,448
    I guess you can ask why do people buy super cars, private jets or luxury boats... Simply to enjoy them (piece of history, rarity or simply because mere mortals cannot afford them) or to show off their wealth.

    Many many reasons to go into why collectors spend money on this but I hope it answered your question
     
  16. rainking Apr 10, 2019

    Posts
    368
    Likes
    445
    Obviously. Except in the case of expensive vintage watches, I simply wonder if people actually wear them, or they just put them in a safe and look at them twice a year.
     
  17. jhross98 Apr 10, 2019

    Posts
    1,294
    Likes
    2,184
     
    rainking likes this.