Welcome to the new style price chart for 2020!
During the last few months with most of the world under some form of martial law, there has been uncertainty and speculation about wealth, security, and safe havens. Speedmasters are still being bought and sold, provided they are attractive. There are a lot of watches on the market that have some issue or another that knocks it into the lower category, but the price being asked is too optimistic.
Auction houses have all done better than I feared they might, with successful sales online. Some are doing it better than others, but in general looking at the auction results it indicates strong demand for watches. It will be interesting how long they can maintain the buisiness model of hollowing out 30% from every sale, while not providing the previous level of service. You can see more watches on Instagram in a day that the current Phillips catalog, for example, so what are the big houses doing for thier money? I have no doubt they will come up with something.
Owners of better watches seem reluctant to offer them for sale, but when these better watches are offered, they sell fast and with competition. So there are fewer good watches on the market, but they are selling when they appear.
It will be interesting to see the auction results this month, to gauge the appetite for the 4 digit references in finer, widely marketed arena.
I feel a strong demand for watches in the $5,000 – $10,000 range, less in the $25,000 area, but the “Rare Air” (Special dials) watches over $60,000 are finding homes.
|2915-3||Broad Arrow / Steel bezel||No Data||25,000||35,000||55000||100,000|
|105002-62||Alpha Hands||No Data||14,000||18,000||28,000||38,000|
|105002-62||Baton Hands||No Data||11,500||18,000||27,000||35,000|
|145022-69 SW||Apollo||No Data||No Data||6,000||8,800||14,000|
|145022-69 SW||Flight Q.||2,800||3,300||4,600||6,800||11,000|
|145022-71 NN||No Nasa||No Data||No Data||4,700||7,000||11,000|
|145022-74||No Step Dial||2,400||3,000||3,500||4,500||6,800|
|Blue Metalic Dial||23,000||30,000||35,000||45,000||65,000|
|145012-67||NonPro Black Racing||24,000||35,000||50,000||65,000||80,000|
|145012-67||Pro Black racing||28,000||38,000||55,000||75,000||100,000|
|BA145022-69||18Kt Yellow Gold, inc bracelet||23,000||35000||45,000||60,000||95,000|
|145022||Apollo Soyuz||No Data||30,000||50,000||65,000||85,000|
|Alaska III||No Data||No Data||No Data||185,000||200,000|
Remember a Collectors Condition 2915 is probably not the same condition as a Collectors 145.022-78
Its getting hard to sensibly price watches with good DO90 bezels – I am sure you can see anomalies that this might through up in the calibre 861 speedmasters.
Recent prices for DO90 bezels have peaked at $5000, but now I detect no recent sales at that level and so $4,000 seems a better estimate. Therefore 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:
Note also that the references preceding the 145.022 without a DO90 bezel need to be devalued as appropriate.
The 2998-1 and -2 are often traded with DO90 bezels instead of the correct 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 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.
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).
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.
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 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 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 degredation 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.