A gentleman’s Speedmaster chronograph bracelet watch has just sold for over seven times its low estimate and has broken Fellows’ house record for an Omega sold by the company. The rare timepiece sold for a hammer price of £69,000, racking up a total of £90,528 when including all fees. Moreover, the sale is Fellows’ top price for a watch in 2018. The Omega, dating back to 1960, was Lot 125 in Fellows’ Watch Sale on Tuesday 30th October, and it sold at approximately 12:20pm.
The bidding flew back and forth between several telephones and an internet bidder for almost five minutes as the asking price soared above the estimate of £9,000 – £14,000. The tension could be felt from every corner of the saleroom as the asking price reached £60,000. The Omega sold to an internet bidder, and was met with applause across the room.
The Omega Speedmaster has a stainless steel case with a tachymeter bezel, referenced 2998-1, which is an early number. With a signed manual wind calibre 321, the Speedmaster has an alluring chocolate brown dial with luminous baton hour markers, and subsidiary recorder dials to three, six and nine.
Steven Yambo, Senior Specialist from the Watch Department at Fellows Auctioneers, said:
“We are over the moon to have broken yet another house record at Fellows. In our November Watch Sale last year we sold a Rolex Milgauss for a hammer price of £110,000. This was our highest ever price for a Rolex. With the sale of this stunning Speedmaster it rounds up a very successful year for the Watch Department. We are excited for what we have in store as we head toward the Christmas period. The chocolate brown dial is extremely rare and we knew it would entice bidders. Our house record was broken which none of us expected.”