Auction Report: This Barn Find Omega Speedmaster Reference 2998-1 Just Sold For $110,700

//Auction Report: This Barn Find Omega Speedmaster Reference 2998-1 Just Sold For $110,700

Auction Report: This Barn Find Omega Speedmaster Reference 2998-1 Just Sold For $110,700

Fffff.jpg?ixlib=rails 1.1  Auction Report: This Barn Find Omega Speedmaster Reference 2998-1 Just Sold For $110,700 fffff

Well, this is downright interesting. Here we have the second found in a drawer Omega to surpass the $100k mark in a little over a week. It sold for $103,500 (including buyer’s premium) through Live Auctioneers, which represented Flannery’s Estate Services in the digital auction.

Auction Report: This Barn Find Omega Speedmaster Reference 2998-1 Just Sold For $110,700 slack imgs

This Speedmaster Ref. 2998-1 sold for $110,700 on a pre-sale estimate of $500 to $1,000.

There’s something curious about this, though. We noticed that bidding went all the way up to $130,000 on this one, sans buyer’s premium, though now it seems to have reverted to $90,000 before the premium, giving us the final $103,500 figure. I have reached out to Flannery’s Estate Services multiple times to try to get more information here, and neither my email nor my phone calls have been returned. I will update this story if we learn any more.

The watch in question is a reference 2998-1 Speedmaster, produced between 1959 and 1962, which was the first Speedy to come exclusively with the black bezel that served as a major design turning point toward the Speedmaster Professional Moonwatch.Incidentally, though a reference 2998-1 may not have touched down on the lunar surface, it did in fact go up into space, in 1962, on the wrist of Astronaut Wally Schirra. It was Schirra’s personal chronograph, not official government issue.

Bidding started at just $250, with a laughable estimate of $500 to $1,000. As you can see, the watch did not fly under the radar and the end results were in a totally different ballpark.

Auction Report: This Barn Find Omega Speedmaster Reference 2998-1 Just Sold For $110,700 omega 2

The record- breaking Ref. 2915-1, which sold for $275,508 in Sweden.

The watch that sold last week was this guy over here,which broke the $275,000 mark at Bukowski’s Auction House in Sweden.That’s a record for the Ref. CK 2915-1 “Broad Arrow,” the first Speedmaster and a grail for Speedy lovers.

Update: The original version of this article showed a price with buyer’s premium of $110,700. We spoke yesterday to Marianne Flannery, of Flannery’s Estate Services, who told me that the actual price of this Speedmaster, including buyer’s premium, was $103,500. Because the winning bidder was in-room in at the physical sale in Upstate New York, she said, the actual buyer’s premium was 15%, not the 23% that is customarily charged to bidders using the online Live Auctioneers platform. She added that the bids escalated to $130,000 before premium due to unverified bidders who registered with Live Auctioneers during the sale itself. The last verified online bidder whose account was qualified for bidding in this sale bid $87,500, Flannery told us.

By | 2017-11-04T22:22:24+00:00 November 4th, 2017|Blog|0 Comments

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