Hey, there’s something really interesting here. We have the second “found in a drawer” Omega replica to surpass the $100k mark in a little over a week. It sold at good prices through Live Auctioneers, which represented Flannery’s Estate Services in the digital auction. 
There’s something excited about this, though. We noticed that bidding went quite affordable on this one, sans buyer’s premium, though now it seems to have reverted before the premium, giving us the final nice price. 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 fake watch in question is a fake Omega Speedmaster, made 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 special model may not have touched down on the lunar surface, as a matter of fact, it did go up into space, in 1962, on the wrist of Astronaut Wally Schirra. It was Schirra’s personal chronograph, not official issues.
Bidding started at just $250, with a funny estimate of $500 to $1,000. As you can see, the watch did not fly under the radar and the results were in a different ballpark.
The replica 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.
The real version of this model showed a price with a 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 before premium due to “unverified” bidders who registered with Live Auctioneers during the sale itself.