Christies Speedie auction
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  1. #1
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    Christies Speedie auction

    http://www.christies.com/Omega-Speed...-50-25971.aspx

    You can click on view results, some of the sales seem breathtaking, prices are in some cases 3x what I believe some of these pieces normally sell for, particularly those 145.022-69s (not that rare). This set the high water mark for a lot of models. I wonder how this will effect the market going forward--maybe 2016 will be the year of the vintage Speedmaster!

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    Re: Christies Speedie auction

    Hmmm. Haven't the last 5 years been the year of the vintage Speedie?

    According to recent trends written about in QP magazine, Far Eastern buyers are now starting to look at vintage watches with greater interest (their taste having been primarily modern previously, at least according to… Christies) No market making at work, I'm sure.

    Quote Originally Posted by gouverneur View Post
    Omega Speedmaster 50 | Fine Art Auction | Search Results | Christie's

    You can click on view results, some of the sales seem breathtaking, prices are in some cases 3x what I believe some of these pieces normally sell for, particularly those 145.022-69s (not that rare). This set the high water mark for a lot of models. I wonder how this will effect the market going forward--maybe 2016 will be the year of the vintage Speedmaster!
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    Re: Christies Speedie auction

    I like the Broad Arrow speedies, but damn!
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    Re: Christies Speedie auction

    Well the first 2 items show how over the top the prices were going to be..... $1750 for a set of case openers....$3250 for a shop display seahorse.... yeah no. With the kind of money being OVER paid I could think of so many other watches to buy.
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    Re: Christies Speedie auction

    And the most expensive speedie to be ever sold at $137000 to the omega museum. Sounds like a giant marketing scheme to me actually to boost Omega's image and value. Didn't they do something similar with Antiquorum in the past?


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    Re: Christies Speedie auction

    Quote Originally Posted by Horological_Dino View Post
    And the most expensive speedie to be ever sold at $137000 to the omega museum. Sounds like a giant marketing scheme to me actually to boost Omega's image and value. Didn't they do something similar with Antiquorum in the past?


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    Maybe they're just trying to increase their sales of the new Speedmaster '57?
    $137000 for a Speedy is... frankly, a load of bollocks. Since the initial estimate was at $100K, it makes me wonder, if the person who made that estimate was just then tripping on acid, peyote or ayahuasca. Or did that appraiser just experience a delirium tremens? Because this looks like an example of the same madness as in the case of vintage Rolex watches. I mean, the Rolex marketing fuelled this massive folie a deux, which messed up the market massively, and now it's Omega. With the vintage Omega market being a bit more reasonable in terms of prices, I cannot explain the reasons for such a valuation with anything else than psychedelic drugs abuse. OK, I guess we can blame Hodinkee as well.
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  8. #7
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    Re: Christies Speedie auction

    In terms of marketing spend £137k isn't really very much. And I'd suggest money well spent for the attention it's getting.
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    Re: Christies Speedie auction

    Not that they're making markets, though.

    Quote Originally Posted by Mirius View Post
    In terms of marketing spend £137k isn't really very much. And I'd suggest money well spent for the attention it's getting.

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    Re: Christies Speedie auction

    Can someone explain what is wrong with the price here?

    It's first ref. Speedy
    It's perfect condition

    How many of these have You seen lately in this condition?
    How many will You see in the near future?? In the far future?
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  11. #10
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    Re: Christies Speedie auction

    Quote Originally Posted by laikrodukas View Post
    Can someone explain what is wrong with the price here?

    It's first ref. Speedy
    It's perfect condition

    How many of these have You seen lately in this condition?
    How many will You see in the near future?? In the far future?
    I see your point but I was coming more from the line that watches like any other commodities are prone to bubbles and I was just very appalled by the incredulous amount being paid to buy them at inflated prices. Years ago not many would have thought of buying the same piece at this price (of course I am speaking with some hindsight here). Same trend with the Paul Newman years back. I think around a 2005 (ish?) it was just a fraction of its current hammer price at auction houses.


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