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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 2023
The world continues to turn, and peoples priorities change. Many people lost considerable sums in the stock market and even more in crypto. In general the vintage watch market has fallen, and I have been hearing figures of 30% drop in some Rolex values. One well known Rolex dealer in New York went on record to say he welcomed the crash in values as it was shaking out the amateur dealers, who in his opinion added nothing positive to the world.
Speedmasters have also been affected, but I think 2998’s have stabilized and the demand has become firm. Phillips sold a 2998-1 for over $110,000, it was tropical and in very good condition. In general when I see a 2998 with a DO90 I think $25,000 and go up or down from there. That said, an attractive example will still (and has recently) changed hands for over $40,000. I have said it before, its all about the attraction.
The attraction was something the investors, who drove the market higher, failed to appreciate. They looked to tick boxes, to check it had the right bezel and hands, but completely forgot to make sure the watch is happy.
So the prices here are for happy watches. Watches that make you smile when you look at them. Sometimes, the thing that makes me smile is that it is a rare watch, with damaged parts, but it is CHEAP. I think many people are holding these ugly ducklings and loosing enthusiasm because they thought they were valuable, because when they bought them they forgot to make sure the watch was attractive.
Talking to my collector friends, we are all starting to buy again. Prices are more sensible, and low quality watches at high quality prices are immediately dismissed.
Recently more people than usual have approached me to sell me a speedmaster. More often than I would like, they are naive collectors who have overpaid in the last three years for an unattractive watch, and are still hoping to make a profit. This tells me that investor collectors are thinning out.
Top Speedmasters still sell for top money. The lower end is selling for less than before.
There remains a strong demand for the top end, where a watch is especially attractive and correct. Even 2998’s if really attractive, are fetching prices that are at the top end. It is the “nearly good enough” watches that are floundering.
The special watches, Racing Dials, Blue dials, the BA145022-69, and even the Ultraman are all holding value.
Finally the 2915 market is very difficult to read – so take the numbers below just as a placeholder in your mind.
| Reference | Poor | Fair | Good | Very Good | Excellent | |
|---|---|---|---|---|---|---|
| 2915-1 | No Data | 35,000* | 52,000 | 1200,000 | 150,000 | |
| 2915-2 | No Data | 34,000* | 52,000* | 110000* | 140,000* | |
| 2915-3 | Broad Arrow / Steel bezel | No Data | No Data | 35,000 | 50000 | 90,000 |
| 2915-3 | Alpha/BASE1000 | No Data | 14,000 | 28,000 | 42000 | 70,000 |
| 2998-1 | BASE1000 | No Data | 13,000* | 25,000 | 38,000 | 55,000* |
| 2998-2 | BASE1000 | No Data | 13,000* | 25,000 | 38,000 | 50,000* |
| 2998-3 | 8,000 | 11,000 | 20,000 | 28,000 | 35,000 | |
| 2998-4 | 8,000 | 11,000 | 20,000 | 28,000 | 35,000 | |
| 2998-5 | 8,000 | 11,000 | 20,000 | 28,000 | 35,000 | |
| 2998-6 | 8,000 | 11,000 | 20,000 | 28,000 | 35,000 | |
| 2998-61 | 8,000 | 11,000 | 20,000 | 28,000 | 35,000 | |
| 2998-62 | 8,000 | 11,000 | 20,000 | 28,000 | 35,000 | |
| 105002-62 | Alpha Hands | No Data | 9,000 | 14,000 | 22,000 | 28,000 |
| 105002-62 | Baton Hands | No Data | 8,200 | 12,000 | 18,000 | 25,000 |
| 105003-63 | 5,000 | 6,500 | 14,500 | 19,000 | 22,000 | |
| 105003-64 | 5,000 | 6.500 | 14,500 | 19,000 | 22,000 | |
| 105003-65 | 5,000 | 6.500 | 14,500 | 19,000 | 22,000 | |
| 105012-63 | 5,000 | 6,000 | 12,000 | 16,000 | 22,000 | |
| 105012-64 | 5,000 | 5,000 | 10,000 | 15,000 | 21,000 | |
| 105012-65 | 5,000 | 5,000 | 10,000 | 15,000 | 21000 | |
| 105012-66 | 5,000 | 5,000 | 10,000 | 15,000 | 21,000 | |
| 145012-67 | 4,000 | 4,000 | 6,800 | 11,500 | 15,000 | |
| 145012-68 | 4500 | 4,000 | 6,800 | 11,500 | 15,000 | |
| 145022-68 | Transitional | 3,500 | 4,000 | 6,250 | 8.000 | 12,000 |
| 145022-69 | DO90 | 2,800 | 3,000 | 5,000 | 6,500 | 12,500 |
| 145022-69 | DN90 | 2,400 | 2,200 | 4,400 | 5,500 | 7,600 |
| 145022-69 SW | Apollo | No Data | No Data | 5,500 | 8,000 | 12,500 |
| 145022-69 SW | Flight Q. | 2,500 | 2,800 | 4,400 | 6,200 | 8,800 |
| 145022-71 NN | No Nasa | No Data | 3200 | 4,500 | 6,000 | 10,000 |
| 145022-71 | 1,800 | 2200 | 3,800 | 5,200 | 7,5000 | |
| 145022-74 | No Step Dial | 1,800 | 2,200 | 3,500 | 4,400 | 6,600 |
| 145022-76, & 78 | 1,800 | 2,000 | 3,000 | 4,200 | 6,200 | |
| Specials: | ||||||
| Blue Metalic Dial | 25,000 | 35,000 | 40,000 | 60,000 | 95,000 | |
| 145012-67 | Ultraman | No Data | 22,000 | 28,000 | 38,000 | 48,000 |
| 145012-67 | NonPro Black Racing | No Data | 50,000 | 60,000 | 78,000 | 100,000 |
| 145012-67 | Pro Black racing | No Data | 50,000 | 65,000 | 80,,000 | 110,000 |
| 145022-69 | Grey Racing | No Data | No Data | 48,000 | 70,000 | 95,000 |
| BA145022-69 | 18Kt Yellow Gold, inc bracelet | 20,000 | 30000 | 40,000 | 65,000 | 75,000 |
| 145022 | Apollo Soyuz | No Data | 25,000 | 48,000 | 60,000 | 80,000 |
| 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
BEZEL NOTE:
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 valueation 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 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 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 judgement as to what the watch is overall. It is possible it as an Excellent dial and a fair case – so use your judgement, 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 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.
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 just more attractive than the average watch, the 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.