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coronado
·Overpaid, in my opinion. Maybe if it was from half a dozen years earlier.
Probably, the market will catch up. But, at the end of the day, you’ve got a Speedmaster from the early 80’s that you can’t even wear.
For $10,877, I can think of a lot of other pristine watches that I’d rather buy and not wear that I’d prefer to visit in the bank vault a couple of times a year.
I agree that the market will likely catch up.
I have a pristine -78ST with boxes and paperwork. No caseback stickers or wax seals on mine, but everything else is razor sharp and it looks to have been tried on a time or two at most, or maybe never at all. I'll never wear it and it resides safely in the vault at the bank. Before I acquired it early last year, the seller told me a number of other vintage watch people looked at it and didn't express any great interest in it, not even at the extremely fair price the seller was asking.
But things have really changed since then! This auction result gives me some indication that these later models are starting to gain some serious attention from collectors. These watches are getting close to 40 years old and right in the timeline for younger collectors of financial means (30 to 40 years old) to satisfy their desire for a birth year watch.
