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The $3.3 Million Speedmaster Fraud Case — What Does It Mean For The Collectors’ World?

Robert-Jan
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OmegaSpeedmasterCK2915-1Phillips-5.jpg
You’ve probably seen the news on the Frankenstein Speedmaster CK2915 that fetched 3.3 million US dollars. It was, supposedly, an all-authentic, first-generation Omega Speedmaster in impeccable condition with a tropical dial. It fetched the highest amount ever as it was Omega’s destiny to have it for the brand’s museum in Biel, Switzerland. Or so it […]

Visit The $3.3 Million Speedmaster Fraud Case — What Does It Mean For The Collectors’ World? to read the full article.
 
SpeedyPhill
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Not that many Speedmaster enthusiasts/aficionados move around in those " high" auction circles 🥱
 
watchyouwant
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This is getting boring.... Everybody jumpes on the Wagon and warms up the same, now widely known, details. Nothing new. All the same. Why not wait until the facts are complete? Same pictures. Same facts. No evidence yet. Warnings to collectors not to trust so called Experts. Which we never did anyway. Auction houses are there to maximise profits for themselves. Always was. Always is. Always will be. So, stop all the warming up now, you lot will hinder the future court case outcomes because an appeal is certain because of all the prejudice now...
 
Foo2rama
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Interesting first time I saw confirmation that PP built the watch as well. Hence he knew it was bogus from the start and had Omega bid it on.
 
DrmexicoII
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watchyouwant watchyouwant
This is getting boring.... Everybody jumpes on the Wagon and warms up the same, now widely known, details. Nothing new. All the same. Why not wait until the facts are complete? Same pictures. Same facts. No evidence yet. Warnings to collectors not to trust so called Experts. Which we never did anyway. Auction houses are there to maximise profits for themselves. Always was. Always is. Always will be. So, stop all the warming up now, you lot will hinder the future court case outcomes because an appeal is certain because of all the prejudice now...

To be fair this is the first time I've seen it written down, to this extent, in one place, in a publication with links to the brand, and by a journalistic source who you'd think would have to do relevant due diligence for fear of defamation. So I didn't see it as boring, thought it clarified the situation. My tuppence anyway.
 
Foo2rama
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watchyouwant watchyouwant
This is getting boring.... Everybody jumpes on the Wagon and warms up the same, now widely known, details. Nothing new. All the same. Why not wait until the facts are complete? Same pictures. Same facts. No evidence yet. Warnings to collectors not to trust so called Experts. Which we never did anyway. Auction houses are there to maximise profits for themselves. Always was. Always is. Always will be. So, stop all the warming up now, you lot will hinder the future court case outcomes because an appeal is certain because of all the prejudice now...

I think RJ painted a pretty complete picture here. This is the first confirmation of who did the work on the watch as well as “naming” at least 1 employee. Both of these had been disjointed conjecture up to this article.
 
Evitzee
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It takes two to tango, so who was the bidder(s) that was competing for the watch? Do they exist or was Phillips taking bids "off the chandelier", i.e. fake bids? Omega and Phillips are in this mess up to their eyeballs, each of the rats are trying to flee the ship before if goes down.
 
Morlock
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Good for Fratello Watch for covering this news. Bravo.
 
Archer
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Morlock Morlock
Good for Fratello Watch for covering this news. Bravo.

I think if they had ignored it, it wouldn't have been a good look for them...so I think at some point they pretty much had to.
 
M'Bob
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Just curious: is the collectors’ lingo for this sort of thing a “Frankenstein watch,” or a “Franken watch”? I understand the derivation but never heard anything but the latter for a put-together.
 
dsio
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Good to know the extract service should return eventually and this halt is just temporary, that answers a questions a lot of us have been wondering.
 
BenzBhoy
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watchyouwant watchyouwant
you lot will hinder the future court case outcomes because an appeal is certain

Someone should have realised you are a Clairvoyant… you don’t know the lottery numbers for this week?
 
watchyouwant
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BenzBhoy BenzBhoy
Someone should have realised you are a Clairvoyant… you don’t know the lottery numbers for this week?

I do. But I don't share....
 
connieseamaster
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M'Bob M'Bob
Just curious: is the collectors’ lingo for this sort of thing a “Frankenstein watch,” or a “Franken watch”? I understand the derivation but never heard anything but the latter for a put-together.

I've personally used both interchangeably.

In this case, I'd say the watch goes into fake territory since it sounds like some of the parts were manufactured for this scheme.
 
Dan S
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dsio dsio
Good to know the extract service should return eventually and this halt is just temporary, that answers a questions a lot of us have been wondering.

I hope so, but only time will tell. The people with personal connections to Omega seem to be getting mixed messages.
 
Syrte
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Actually I like the Fratello article because it doesn’t in fact rehash other articles— it conveys info directly from Omega, which is relevant factual info from the direct source. And it’s a short and relatively fast read.

The Perezcope article is quite remarkable too- in every way. I’ve always been stunned by the exceptional level of sleaze and greed which comes to light in the watch world, now that a major multinational has become the victim, one wonders how far the investigation will go into the various layers of complicity.
 
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