Price Chart Based on Previous Sales

Prices are in USD $ and for the head only. Remember to account for a bracelet box or papers if present.

Updated for January 2024

The new year is bringing back some clarity to the Speedmaster market, after Omega and Phillips between them really made everyone question the integrity of high value dealers and auctioneers, manufacturers and the watches themselves.
There is no question high placed individuals sought to mislead the public by faking a high value sale – and this has had a knock on affect on Speedmasters lower down the scale.
While it might be a while before we see another sale to beat the Bukowski 2915 at $275,000 there was a Sothebys sale for $125,000 last autumn.
Down at the level most of us inhabit, I see lots off activity in the $8,000 to $12,000 range, with buyers slowly raising their budgets as the quality becomes apparent.
I see the return of $20,000 “comfort level” buying by the summer.
The fact that we still cannot get extracts for watches is having an impact on the Good to Very Good range.
Which references are selling? Well there are lots of Fair + Ed Whites selling around $5,000 to $10,000 and these usually have some issues, with the dial or the bezel. I like these kinds of watches at the right price, as it can give the owner a very good experience of owning an original Straight lug speedmaster for around the cost of a brand new speedmaster, with the idea it would probably recoup the initial cost if you had to sell.
105.012’s are for me very desirable, and they are running in parallel with the Ed Whites at the mid to lower end, although at the top end the Ed Whites will sell for more.
The 69 DON is really hard to find in nice condition, and they are commanding higher prices in fine condition. The later domed dial 70’s 145.022s are now selling strongly if priced accordingly to the market, as they offer tremendous value.
There are a few sellers struggling to sell watches at higher prices, and some are making the mistake of repricing downwards, but to just above market, so leaving the watch unsold and over exposed, always at a price just above what it would sell for.
To sum up, there is more movement, at lower prices in all but the Excellent group, which is strong. This means there is a much greater spread between the “Fair – Good” and Excellent. It also means we have to be super careful not to over pay in the mid range, for something with an issue.

Ultraman have been selling, at lower levels than at the peak but higher than last 12 months.

I for one am enjoying the opportunities this environment is offering.
ReferencePoorFairGoodVery GoodExcellent
2915-1No Data30,000*60,000125,000150,000
2915-2No Data30,000*52,000*110000140,000
2915-3Broad Arrow / Steel bezelNo DataNo Data35,000*50000*90,000*
2915-3Alpha/BASE1000No Data14,000*25,000*40000*65,000*
2998-1BASE1000No Data12,000*24,00032,00050,000*
2998-2BASE1000No Data11,000*24,00032,00044,000*
105002-62Alpha HandsNo Data6,00014,00021,00025,000
105002-62Baton HandsNo Data4,50010,00015,50022,000
105003-63No Data4,50010,00015,50021,000
105003-64No Data4,50010,00015,50022,000
105003-65No Data4,50010,00015,50022,000
105012-63SWISS onlyNo Data4,50010,00015,00020,000
105012-64No Data4,5009,00014,00020,000
105012-65No Data4,5009,00014,00020,000
105012-66No Data4,5009,00014,00020,000
145022-69 SW ApolloNo DataNo Data5,5008,00012,000
145022-69 SWFlight Q.2,5003,0004,5006,2008,800
145022-71 NNNo NasaNo Data3,2004,5006,20010,000
145022-74No Step Dial1,800*2,3003,9004,5006,500
145022-76, & 781,600*2,1002,9004,1006,000
Blue Metalic Dial20,00030,00040,00065,00095,000
145012-67UltramanNo Data16,00025,00034,00048,000*
145012-67NonPro Black RacingNo Data40,000*60,00078,000100,000
145012-67Pro Black racingNo Data40,000*65,00080,000110,000
145022-69Grey RacingNo DataNo Data48,000*70,000*95,000*
BA145022-6918Kt Yellow Gold, inc bracelet25,00028000*40,00065,00075,000
145022Apollo SoyuzNo Data25,00048,00060,00080,000
Alaska IIINo DataNo DataNo Data185,000*200,000*

Remember, a “Collector’s Condition” 2915 is probably not the same as a “Collector’s Condition” 145.022-78


Its getting hard to sensibly price watches with good DO90 bezels – I am sure you can see anomalies that this might throw up in the valuation of calibre 861 speedmasters.

Prices for DO90 bezels peaked at $5000, but now I detect no recent sales at that level and so $4,000 seems a better estimate. 145.022-69’s need to valued higher if they carry a DO90.

I have separated the 145.022-69 with a DO90 bezel, or 145.022 with a DN90.

I am not sure how to deal with bezel madness – the bezels are selling for more than they increase the value of a watch without one. My figures for REPLACING a missing bezel are:

  • Rough on “POOR”                         +450
  • Passable on “FAIR”                       +500- 800
  • Good on “GOOD”                          +800- 1700
  • Very Good on “VERY GOOD”      +1700 – 2500
  • Top on “EXCELLENT”                  +2500- 4000  (Very, very few are 4000)

Note also that the references preceding the 145.022 without a DO90 bezel need to be devalued as appropriate.

Note On BASE 1000 bezels

The 2998-1 and -2 are often traded with DO90 bezels instead of the correct black BASE1000. The prices for 2998-1 or -2 above include a price for a commensurate bezel. These BASE1000’s are worth approximately $10,000 to $20,000 depending on who you talk to. A poor one might be $1500 – 2000 while a mint one might sell for $15,000+. There is talk of them selling for more, but not confirmed. Recently I have seen imitations that are close, but do not pass close expert inspection.

If you use this table, use your head too.

The figures here are based on actual transactions (that I know about) between willing buyers and willing sellers. Prices are in USD $ for the head only. (Except the BA145022 and the 145.022 Soyuz which includes the unique bracelets).

You will have to make a judgment on the watch you are looking at, and take the price from that category. You will then have to subtract as you see fit for missing or erroneous parts, or add a premium if the watch holds a particular attraction. I have chosen names for the categories. Don’t get hung up on the words, they are just four groups.

New Categories!

Look at the three major parts, the case, the dial and the bezel. Decide which category each part falls into, and make an informed judgment as to what the watch is overall. It is possible it as an Excellent dial and a fair case – so use your judgment, take an average and see how it feels. This chart is just to get you in the right area. It is not an exact proscription.

Poor – These watches are unattractive, have damaged parts, and have very little going for them other than they can tell the time correctly twice per day. The bezel is damaged, the dial is damaged, the case has lost definition or heavily scored. The movement might be corroded, or missing some minor parts. Often these can be valued more accurately by valuing the parts separately. The figure here is really just a guide.

Fair – Often the quality of a well-used watch, one that has lived a useful life. It might be damaged or missing some service parts, movement needing work. This category can sometimes be improved with sympathetic work and service. It will remain fair if after service it still shows a damaged bezel, a dial with damage or missing, or discoloured plots, and a case with missing lines or heavy damage.

Good – Complete with correct parts. It is likely the lowest condition most collectors or owners are happy with. The case and dial and bezel should be without significant damage, though there may be some wear or light marks on the case or bezel. The plots are an attractive colour not green or missing. Some minor plot damage or issues are acceptable. The bezel may have several marks but no major damage.

Very Good – Case Dial and bezel are without obvious damage. Parts are original or replaced with correct vintage replacements. The watch is attractive. The parts look good together. There may be minor marks on the case or bezel, and the dial is clean and with attractive plots with luminous material intact.

Excellent Very, very few watches are in this condition. Very little wear and without any damage. Perhaps very minor marks from very light wear No damage or degradation to dial, case or bezel, all parts correct and original.  This is the highest price I would expect a Speedmaster to fetch unless it is New Old Stock and absolutely unworn ever – this is another step up in value.

Fratello has a good price chart for more modern Speedmasters here.

More General Notes on Using the Chart:

  • This Chart is REFLECTIVE, not PREDICTIVE. So it is what watches have previously sold for, not what they are going to sell for or what they OUGHT to sell for.
  • This Chart is FOR MY REFERENCE. You are welcome to use it and remember your experience and opinion of prices may well be different, and it is equally valid. My Chart, my Experiences, my Values. If you disagree, then try instead to see the relationship between the values, and that could still be helpful. I am not omnipotent, and this is the best I can do with the resources I have.
  • Categories are now divided into five.
  • It is possible/likely that watches trade for over the chart – it does not mean they are too expensive, it means the market is moving and if you let me know I will adjust the price based on actual transactions. Also, if the watch is more attractive than the average watch, then it is worth more.
  • Most watches are now offered via dealers or collectors. Premiums are paid for one owner untouched watches. Sometimes well over the chart.
  • Remember also, this chart is aimed at collectors, trading between themselves. Bricks and Mortar auctions are more expensive. Dealers got to eat – with your money.
  • Any papers, bracelet,  original box or history will add value.
  • Remember also, exceptional watches will command prices off the chart – if a watch is especially attractive, then they will command a premium. A exceptional dial can add 100%. (Note: Exceptional)
  • Be careful with this chart – and be ruthless with your judgment. Get a base price and add on for the indefinable attraction, or even that you just want to pay more to buy it now. We have seen tremendous rises in prices and the danger is the poor qualities are selling for silly money – to be regretted later I think.