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That's exactly what I thought
 

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Wow! That seems insane. It isnt being presented as a particularly 'rare' example (which is ironic-considering how overused the term "rare" is these days)

But since he makes such a BIG deal out of its 100% auth./originality including the little red circle/slash: NO COUNTERFEITS! I'm going to give him the benefit of doubt and assume its all he says it is. But so what?:roll:

Is that $14,000 worth of vintage watch?

Let's see.....just from perusing the bay: Thats Two (2) vintage ploprofs in great cond. Its a '60s gilt dial Submariner AND a 60s SM cal. 861 chronograph together. Or- its Two(2)SpM pros: a '68 pre-moon speedy with a '71 moonwatch speedy AND also one of those vintage ploprofs (with enough change to pick up a half decent 18k constellation!(Thats (4) 'grail' watches for the price of one 50s railM) I could go on but this seems totally absurd.

Seller 'hypes' the 'scientific' qualities of this watch which made me think how I could also have a brand new ( and again-w change) gorgeous Milguass green Saph.:p

So-unless the Über-Experts here educate us to what a rare watch it is and teach us what we don't know about this railM that makes it such a 'special' value- we have to assume something is WAY out of whack. [Like Pawn shop owner is smoking too much whack!]

So-I guess you can tell that my possibly ignorant opinion is: Vintage Railmasters like THIS one should definitely NOT be going for this much. If I'm wrong? I'll take my medicine like a man:-|
 

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Well a Peruvian Flightmaster which is just a Railmaster with 'flightmaster' on the dial went for a damn sight less recently and they are far far more collectible.

Silly price.
 

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OK let me try to address the issues you raised DB. Firstly the 2914/135.004 was a relatively cheap but reliable watch designed for specialist use, and cost around 230 Swiss Francs over the six year period it was made (57-63)

What makes them interesting is the double-constructed case (inner and outer) and thicker dial. They were an 'anti-magnetic watch designed for people who worked about significant electrical fields, such as electricians, technicians, radio operators and such.

The Railmaster cannot be considered 'rare' as such. They may or may not be uncommon, and were made in some numbers. What may point to their uncommonness is that, as a specialist watch, they were probably knocked around in the course of work and a plausible explanation could be that many of them hit the dust over the years, and, so, working examples would be fewer rather than many.

That said, they came with different hand sets - dauphine, broad-arrow and stick: broad-arrow these days attracts the most collector interest....add a few bucks for that. Mostly they featured the usual printed Omega symbol and logo and a joined monotype "Railmaster" script with a large and flourished R. In fact its very similar to the Seamaster lettering and includes the flourished r at the end like a seamaster. But, in one version of the 2914 they had Edwardian script. That's rarer, but the model on eBay does not have Edwardian script. So its a common, if we could call it that, version of the 2914.

If you had the model 2914, powered by the cal 285, sporting a Seamaster dial and have a case back engraved with PAF, now thats rare. It is a railmaster that was modified and sold in a volume of around 270 pieces to the Pakistani Airforce. Even then I doubt I'd pay 14k. Maybe if you were the ****m of Lahore, you would be tempted.

The 2914/135.004 during its life was powered by cals 284 - 286, nice but unspecial handwind that was successor to its much more famous 30T2 SC PC parents. Over half a million movements in the 284, 285, and 286 series were made, so the movement isnt rare.

Later the Railmaster came in models 165.001,166.001, and 166.002 which had a different case and much more a railroad watch with their large numerated dials. The 165.001 is particularly attractive and indeed collectible.

So, and this is an opinion, is the watch worth 14k? Ive said no. Reasons, well in an uncommon watch there are a number of elements that give rise to market value (apart from condition and other technical aspects of the watch). Pointers to market value

*Look (theyre smart looking watches particularly the arrow-head hand set);
*Their numbers are dwindling, or dwindled, because of attrition through work use;
*Through high-visibility auctions like the outrageously inflated Omegamania event where a 2914 sold for 18,600 USD;
*Interest in collecting a 2914 outweighs supply maybe - the main reason for values in this instance;

I dont think demand has reached the point where 14k is an option for the well heeled collector, but you never know, some slick dealer may be able to pull it off. So, I would offer the opinion that the watch is worth less than half of what is being asked.

Cheers

Desmond
 

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Great post Desmond. Thanks for sharing your knowledge with us.
 

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The Ref. 2914 Railmaster is an important watch

A contemporary of the IWC Ingenieur and the Rolex Milgauss, not many survive in good condition. That being said, this particular ebay watch is way overpriced. I paid a premium price for mine but it was in better condition and had the original unstretched 7077 bracelet with it. The case has never been polished and the caseback has its markings all intact. And I paid significantly less than what this one is being sold for. Here is a picture of mine for those who might be interested.

 

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Great thread and analysis.

The way I look at it, the seller can list any price he wants. Only 14K? Why not a million ? The real way to look at these is the actual selling price.
 

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LOL...of course it's all relative what you pay for a watch....and it beggars belief that new watches sell for stupid amounts of money...I'm talking about the $100,000 to well over a million bracket. To most people (that includes me), who doesn't have $100,000's in the bank, then I have a limit of what I would pay for a watch....and this is a general rule.

I don't pay an amount for a watch that would equally buy me a reasonable car....just my little rule...I'm sure everyone has their limit too. Plus I not a collector (blimming can't afford to be judging by the cost of 'rare' models).

Nice analysis by the way on the Railmaster....$14,000 for a watch definitely breaks my rule. Also, I'm surprised that if this is indeed a rare watch...wouldn't the seller be better off selling via an auction, where there maybe more interest from specialist buyers(!) Seems to me, the seller is trying to snare some unsuspecting buyer.....personally I never buy expensive items on eBay......too risky.

regards
 

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Re: The Ref. 2914 Railmaster is an important watch

Wow, now that's more like it. Great example and substantially less than $14K indicating that the Ebay guy needs to lay of the acid a bit.

Cheers for the analysis Desmond, really informative as always.
 

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Later the Railmaster came in models 165.001,166.001, and 166.002 which had a different case and much more a railroad watch with their large numerated dials. The 165.001 is particularly attractive and indeed collectible.
Am I missing something here? These reference numbers are for Seamaster models… in the Omega Vintage Database anyway… and most everywhere else on the web…

In Marco Richon's book, Omega – A Journey through Time, the same reference numbers (ST 165.002, ST 166.002, ST 165.001), on page 222, are indeed referring to Railmasters of the 1960s…

What gives?
 

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Re: Totally horrific condition!

The Railmaster is relisted - down to $9999 now. What a comparative bargain!

.....not. :roll:

Desmond, I don't think I know anyone who'd like to be called the "****m of Lahore" no matter how good the perks are. I'd sure like to be the "Mystic High Ruler" instead though. :-d
 
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