There are three Speedmasters in Bonhams Auctioneers, scheduled to sell on 16th December, and you can see the full catalog here. All photos and descriptions are lifted from the catalog. The premium is 25% on the bid. Note that two of these are subject to 20% vat on the entire amount. So that is BID+COMMISSION+VAT. Work it out. Not that cheap after all. (Obviously exporters do not have to pay this).
The online catalog is not easy to see the true condition, the photos are not that great, and possibly over processed. These watches really need to be inspected at the premises in New Bond Street in London.
First is a 105.003-64. The watch looks to have correct parts and serial. The hands look super white and may be more recent replacements of the correct shape. The bezel is correct but some damage – its not a top condition, (and therefore value). The 7912 bracelet is also correct, and if it has the correct No. 6 end links that’s would be $2000 to replace.
The dial looks nice and the case looks thick – these two things, added to the correct bezel and bracelet, mean the watch should sell well. I expect it to be bid over estimate.
Next is a project watch. I think is a frankenwatch, put together from parts that never met at the Omega factory. Listed as a 105.003, but the movement number is probably misread: 29525748 which is not a 321 number. We really need to see inside the back before bidding – it could even be an 861 in there. EDIT: It has been suggested, sensibly, that this is a miss-read of the number and that the actual number could be 20525748 that puts it right at the start of production of this reference – it makes sense. Therefore I would withdraw the “Frankenwatch” description.
The bezel is another indeterminate age one, as Telemetre bezels cannot be accurately determined as to age. That means we have to discount the value as the original DO90 is so valuable. This bezel looks bleached.
The hands look ok.
The dial, a non pro stepped dial, looks as though it might be missing any T marks. I cannot tell for sure, and if they are not there we need to double check it is not a redial (I don’t think it is). If so this is a valuable 2998 dial, and will ensure the watch is sold. EDIT: I think there may be high T marks, just not easily spotted. Thanks again for the contribution!
The crystal is wrong for a 105.003, it has the silver rehaut instead of black, This is a very common mistake.
The watch has chrono issues, the hour subdial does has not reset.
The 1171 bracelet is incorrect for this reference.
It is also subject to 20% VAT on the entire price if it stays in the UK.
With all these issues it is a lot of money.