Hello Seamonster,
Thank you for your kind comments. You have chosen to focus on an interesting example of an interesting model, and I will make several related points.
First, when I mentioned Eterna as an example of a brand that represents good value in the vintage market, I was definitely not referring to this model. I do believe that the regular Kontiki models represent good value, but this model is perhaps the most fully valued of all of the vintage Eterna offerings.
Why are these so popular and (relatively) expensive? They are larger than the regular Kontiki, which appeals to many collectors, and some of them have the additional allure of being military watches, as they were used by the IDF (i.e. Israeli Defense Forces). Also, Eterna has re-issued this model recently, attracting new attention to the originals.
The particular example that you have shown appears to be attractive, and in good condition given its likely history. However, even though the seller is based in Israel, which inspires some confidence, collectors should be very careful before paying premiums for examples that have the IDF engravings on the case backs. There have been more than a few example of such markings being added by dishonest sellers in order to increase the value of the watches. I am not an expert in this particular area, so I would advise doing some serious research before considering such a watch.
Assuming legitimacy, there are two ways to look at the valuation of an IDF Super Kontiki. The first is that it is possible to spend less money on an equivalent SK without the IDF markings. That would be my personal choice, were I to be in the market. The second would be to spend extra for the IDF markings, as there were fewer produced, fewer on the market, and a steady demand for them. Given the overlap of vintage dive watch collectors, vintage Eterna collectors, and vintage military watch collectors, it seems reasonable to project that the model will continue to command a premium in the market.
Finally, I do not have any strong opinion about the asking price, as I have not been following that specific market closely.
Regards,
Tony C.
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