October Market Report Speedmasters over $10,000

Keeping track of prices used to be a matter of following Ebay and some of the watch fora. Now Speedmasters are retreating into the hands of dealers and collectors. The committed hunter will still find some private watches, (my favorite), but gone are the days of several every week on Ebay.

105.012 from the sock in the bathroom
This is a recently acquired 105.012 from the niece of the original owner. It was found after his house had remained empty for over a year, in a sock. I don’t think it has ever been opened. I paid more for it than any other 105.012 I have ever bought – because I value the originality and the history.

My price chart, which was always my private ideas that I used to help me value watches for my own acquisition, is now reliant on people sharing watch purchases with me privately, for which I am grateful to you all.

Ebay used to be my favorite source – so here is a little review of recent sales.

2998-61 – $22,500

This watch was offered by a Peruvian seller. Peruvian seller has become a synonym for “scammer” which may well influence the genuine sellers. It looks tired and original, and the seller faffs on about an undocumented FAP connection. Still, all in all if it arrives, its not bad.

There were 14 bidders, and 5 bid over $15,000.

2998-61
Apparently correct 2998-61, Ebay, Sept 26 2016

 

2998-3 Sold on an offer less than $22,500, and more than $16,000

This watch was double posted and it is only a rough guess that it was sold at all. Nice handset, good bezel, my guess is it sold around the $20k mark. Again an overseas seller but one with over 5000 feedback.

2998-from-jordan
2998-3 from Jordan, Ebay 3 October 2016

 

2998-62 $16,250(?)

Hard to know if this one sold. Another good handset and fairly good bezel. Correct.

2998-california
2998-62 Sold on Ebay 29 August 2016

 

105.002-62 $15,100

16 bidders, 6 over $10,000.  Very interesting to see this, as so few trade. A very rare reference and this one looks ok, from the same Jordanian seller as the 2998.

Baton hands and 1983xxxx serial. I cannot be sure if the Alpha hands/Baton hands followed early/late serials but this is an early serial with batons – so against perceived wisdom that the early serials carried Alphas. Lovely bezel, and fair dial although to me the plots are unattractive.

105002
105.002-62 sold Ebay 23 September 2016

 

105.003-65 Sold for $11,988

12 bidders with 6 over $8000.

I have no doubt this is an assembled watch, prepared by a dealer.

105003-tired-dial

Look at the dial step. There is a polished line, with bare metal showing. This is commensurate with a dial kept loose in a drwaer, where it can be abraded as it moves around, Tell me, how can a dial be ground down to the metal, and yet the plots go right over the step undamaged? Because it is a relume.

Look at the inside, the bridges don’t match. The pushers are new, and hands look like new hands with aged insert material. The serial is 2607xxxx and I have not seen a -65 with this serial but I suppose it is possible. Combined with the dial state, the work to the hands and dial, the service pushers, the multi coloured bridges, this watch points to a dodgy dealer assembled watch that I would personally avoid at all costs. Horrible thing.

145.012-67 $11,100 (Not proven as relisted for $12,500)

I like this watch a lot. Plenty of provenance and history, backed up with papers and additional information. I am sorry not to have bought this.

145012-tropic
145.012 sold Ebay 1 October 2016

Interestingly this was sold by the same seller as the awful 105.003. Neither watch has appeared in the sellers feedback, as yet.

105.003-63 Sold for $10,000

Sold by a pawn broker this was another great watch. It has problems which will vanish on service. A rare -63 with the no T dial this was rightly fought over. I wish I had bought this. Its hard to tell from the listing if this was actually sold through ebay.

105003-63
105.003-63 Sold Ebay 15 September 2016

 

105.003-63 $11,700

Another rare -63 but also another dodgy listing where the watch is shown as sold and relisted. This seller likes to heavily edit his photos. This example caries the T marked dial. Its in fair condition and I think the sale price was right on the value.

10500365-another
105.003-63 Sold Ebay 2 October 2016