WHAT is the actual value of a Pie-Pan Constellation?

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The pie pan Consellation with dog legs has popularity that reaches beyond the small Omega collecting community. I think we'd all agree with that. People see see them on instagram and want one. Pushing prices higher. Rolex collectors may prefer no date subs, but Rolex sells many more with a date - not a perfect comparison but I really think when the general population thinks of a "proper Omega pie pan" it includes dog leg lugs.

I like the point made earlier, that gold prices have made gold watches unreachable for so many. That could drive SS watch prices higher and people to look elsewhere for value. I do think there has been a lot of value to be found in a Connie pie pan.
 
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The demand for quality Constellations is as hot as it has ever been right now, if anything I think Speedys have cooled slightly while demand for these has increased, with a massive market in Asia demanding the best examples being a major factor.

Its the reason so many redials and flogged out examples are selling for more than they should, and its the reason people are willing to pay over the odds for an opportunity to own a really nice example as it will still be vastly cheaper than turning to a dealer.

The key value of components vary between models significantly, but on a 2852 its the dial, there are far more good cases than clean original dials. On doglegs in particular, its case and dial in roughly equal proportion as the cases as so susceptible that even including the pool of dome dials there is a shortage of good cases. On C-cases there is a surplus of good dials and a shortage of good cases.

Movements are pretty plentiful, even in the event that you have one in really bad shape, I've haven't paid more than $150 for an entire 751/564/551 donor in ages, and non-chronometers can offer most of the parts at far less again.

The dogleg in particular is getting hot again due to Omega bringing it back in Seamaster form at $21,700 in gold, it's a beautiful case design that's for sure.

https://www.omegawatches.com/en-us/...axial-master-chronometer-37-mm-52253372004001
 
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The thing is there are pie-pans and then there are pie-pans.

There is always the debate between lyre lugs and dog-leg lugs, but for me lyre lugs win hands down every time ( However I do own a dog-leg pie-pan, but find it a bit dainty by design). There are of course other, even later Constellation pie-pan dials such as the 1960's straight lug cases 168.010 for example, but these although attractive do not have the street cred of the earlier ref's and are therefore less valuable.

But still I'd say the best, most attractive and most valuable pie-pans are the classic lyre lug 2652/2852/2853 type references. The case are chunky, the movements are great and they ooze class on the wrist.


Did a double take👍🏻

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Crazy. cant be many original black dials in that condition on god's green earth. lucky lucky boy.

got me thinking - i know these black dials 2852s were special order, but how many were made? less than 1% of the entire reference stock?
 
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I just have to think of the classic "old guy" joke: "What?! $XX for a quart of milk?! In MY day a quart of milk only cost FIVE CENTS, and you got it in a thick glass bottle!," etc., etc. Connie pie pans are extremely beautiful and high quality, and the number of collectable examples is always going down due to polishing, redialing, and general passage of time and bad stuff happening. Let's show a little love! You can't go wrong with a good pie pan Connie. As for black Connies, I always assume redial unless macro photos in raking light and/or the reputation of the seller convinces me otherwise.
 
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I just have to think of the classic "old guy" joke: "What?! $XX for a quart of milk?! In MY day a quart of milk only cost FIVE CENTS, and you got it in a thick glass bottle!," etc., etc. Connie pie pans are extremely beautiful and high quality, and the number of collectable examples is always going down due to polishing, redialing, and general passage of time and bad stuff happening. Let's show a little love! You can't go wrong with a good pie pan Connie. As for black Connies, I always assume redial unless macro photos in raking light and/or the reputation of the seller convinces me otherwise.
Black dial Connies are very much in that same category as actual military Omegas, straight lug Speedys etc where if you have to ask on a public forum, you probably shouldn't be buying one anywhere other than through someone like Eric Wind.

There's so much out there in the Omega world that isn't in that category, but they're the Omega equivalent of Fugu, don't touch it unless it's been handled by an expert, or you are one yourself.

FYI, I've personally never owned one myself, despite owning well over a hundred Constellations, and even though I have a pretty good eye for them, I would get one double checked by some of the guys who own them, including some participants in this thread, and a couple of other guys I won't outright mention because I don't want their PMs flooded with "is this black dial real".
 
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Black dial Connies are very much in that same category as actual military Omegas, straight lug Speedys etc where if you have to ask on a public forum, you probably shouldn't be buying one anywhere other than through someone like Eric Wind.

There's so much out there in the Omega world that isn't in that category, but they're the Omega equivalent of Fugu, don't touch it unless it's been handled by an expert, or you are one yourself.

FYI, I've personally never owned one myself, despite owning well over a hundred Constellations, and even though I have a pretty good eye for them, I would get one double checked by some of the guys who own them, including some participants in this thread, and a couple of other guys I won't outright mention because I don't want their PMs flooded with "is this black dial real".
I think that’s my concern. I’m always skeptical of all black dials and don’t have the knowledge on them to make a good decision. It’s definitely that and not that they aren’t in the budget 🤣
 
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The demand for quality Constellations is as hot as it has ever been right now, if anything I think Speedys have cooled slightly while demand for these has increased, with a massive market in Asia demanding the best examples being a major factor.

Its the reason so many redials and flogged out examples are selling for more than they should, and its the reason people are willing to pay over the odds for an opportunity to own a really nice example as it will still be vastly cheaper than turning to a dealer.

The key value of components vary between models significantly, but on a 2852 its the dial, there are far more good cases than clean original dials. On doglegs in particular, its case and dial in roughly equal proportion as the cases as so susceptible that even including the pool of dome dials there is a shortage of good cases. On C-cases there is a surplus of good dials and a shortage of good cases.

Movements are pretty plentiful, even in the event that you have one in really bad shape, I've haven't paid more than $150 for an entire 751/564/551 donor in ages, and non-chronometers can offer most of the parts at far less again.

The dogleg in particular is getting hot again due to Omega bringing it back in Seamaster form at $21,700 in gold, it's a beautiful case design that's for sure.

https://www.omegawatches.com/en-us/...axial-master-chronometer-37-mm-52253372004001
I realize they are awesome, and would pay quite a bit for a Rose-Gold (or capped) Pie Pan with sharp Dog-Legs (with a date is even better!).

I've been keeping an eye out for a few months, and it WAS that 1500-2000 or so got you a 'good' looking one up until about a month ago, when prices went haywire. The 'barn find' one from the suggestion thread was just eye-opening: a beat up one with an unknown quality dial, fall damage, and a busted movement went for what 6 months ago got you a pretty solid pie pan.
 
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I realize they are awesome, and would pay quite a bit for a Rose-Gold (or capped) Pie Pan with sharp Dog-Legs (with a date is even better!).

I've been keeping an eye out for a few months, and it WAS that 1500-2000 or so got you a 'good' looking one up until about a month ago, when prices went haywire. The 'barn find' one from the suggestion thread was just eye-opening: a beat up one with an unknown quality dial, fall damage, and a busted movement went for what 6 months ago got you a pretty solid pie pan.
I’ve had my eyes out for a rose gold capped Connie to pair with the rose gold beads of rice I’ve been stashing away for some time. I knew they were hard to come by and it was included in a lot of 6 very nice stainless beads of rice and two janky 5 row gold plated with some extra links. All included correct 70 endlinks and 11 endlinks. Sold all of them and made my money back just to get the rose gold beads of rice.

Now to pair it with the right watch…..
 
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I realize they are awesome, and would pay quite a bit for a Rose-Gold (or capped) Pie Pan with sharp Dog-Legs (with a date is even better!).

I've been keeping an eye out for a few months, and it WAS that 1500-2000 or so got you a 'good' looking one up until about a month ago, when prices went haywire. The 'barn find' one from the suggestion thread was just eye-opening: a beat up one with an unknown quality dial, fall damage, and a busted movement went for what 6 months ago got you a pretty solid pie pan.
You can see the dial quite clearly by comparing the photos from different angles through the crystal and it's a nice one under there, the only muck moves based on the angle you look through the crystal. All watches bought off eBay are going to be due for a full service anyway so the movement not running isn't even a significant factor, an entire donor movement to fish any needed components off is very cheap compared to a case or dial, and given the original condition and amount of crust its likely just way overdue for service more than anything too serious anyway.

Years ago there was a thread talking about how whoever the dumb dumb was who bought this did poorly and overpaid for a busted A386, this is how it turned out after service and a crystal:
59538-992c2c0ac12dbb775ec7a2845c3696d7.jpg

1937639-42dd4d1fb9878b07240badf3a69e9d2b.jpg
 
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I bought this for $12k late last year from a dealer and some people a little shocked at the price.

With gold being over $5k an ounce today, I'm now beginning to think it was kind of a steal.

 
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I just have to think of the classic "old guy" joke: "What?! $XX for a quart of milk?! In MY day a quart of milk only cost FIVE CENTS, and you got it in a thick glass bottle!," etc., etc. Connie pie pans are extremely beautiful and high quality, and the number of collectable examples is always going down due to polishing, redialing, and general passage of time and bad stuff happening. Let's show a little love! You can't go wrong with a good pie pan Connie. As for black Connies, I always assume redial unless macro photos in raking light and/or the reputation of the seller convinces me otherwise.

or Desmond by a series of PM's or Mike confirms in a thread.
 
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You can see the dial quite clearly by comparing the photos from different angles through the crystal and it's a nice one under there, the only muck moves based on the angle you look through the crystal. All watches bought off eBay are going to be due for a full service anyway so the movement not running isn't even a significant factor, an entire donor movement to fish any needed components off is very cheap compared to a case or dial, and given the original condition and amount of crust its likely just way overdue for service more than anything too serious anyway.

Years ago there was a thread talking about how whoever the dumb dumb was who bought this did poorly and overpaid for a busted A386, this is how it turned out after service and a crystal:
59538-992c2c0ac12dbb775ec7a2845c3696d7.jpg

1937639-42dd4d1fb9878b07240badf3a69e9d2b.jpg
Wish I was that dumb dumb!!!🥰
 
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Wish I was that dumb dumb!!!🥰
There's been a lot of those, there was a 168.017 that I bought for next to nothing because it looked like it had been burned in a house fire and had no crown in the photos. When it arrived it was in a tin of dry snuff / snus tobacco from the 60s, and it appeared that when the crown got loose and came off, the owner stuffed it in the tin of snuff to keep moisture out like rice or something.

Not sure if that's some common thing about the Europeans or Nordics but it worked, the movement was in brand new condition and after watchmaker was done with it there was effectively a mint condition Constellation under there. My watchmaker made a new stem up, no other parts needed, the ultrasonic cleaning solution managed to remove the spittoon smell entirely. $350 or so from memory.

edit: I should mention for @STANDY 's benefit, I did bin the tobacco and tin, and haven't illegally imported any since 😀

Edit again: here it is after it was initially dusted off, still stank at this point but beggars can’t be choosers.

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