MASSIVE Omega Speedmaster FRAUD Claim
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- Опубліковано 27 вер 2024
- Here I share the news story about a massive case of Omega Speedmaster fraud. This is breaking news - I am merely reporting on it. There is pending investigation. It is alleged at the time of this video. Sources:
www.bloomberg....
www.thenationa...
www.fratellowa...
www.watchpro.c...
usa.watchpro.c...
In this channel, I talk about watch dealing, watch trading, Rolex, Omega, Patek, Tudor, luxury watches, and other watch topics.
it's a disgrace that all the watch media hasn't mentioned this when Perezscope was talking about this months ago. Furthermore Phillips has been trying to sue him into silence.
Perezcope broke this story and theres no "allegedly" to it, amazing journalist, well done for helping cover this. Also Omega's not able to "authenticate" watches due to the lack of paper records from the 20th century, they thus have to rely on their in house "experts".........
The data in this video comes from news sources, linked in description. I am only reporting on the story. Viewers can click the links and come to their independent conclusion.
@@JohnPWatches same answer huh?
A shame that this happens. However, it's way above my paygrade. My only concern is that a brand sells quality products and stands behind them. Omega, in my experience, does that.
Omega does sell quality watches, though I don’t like all these versions of the same watch. I constantly have to look up the difference of all the Speedmasters or all the special releases.
This puts a huge dent in my vintage watch buying confidence. As a consumer there's not way we are going to know if the vintage watches we buy are fake or franken pieces without the help of an "official expert".
This is absolutely fantastic , it’s hilarious and brands like omega totally deserve to be ripped off.
Is it me or Philips auction has been associated with all these questionable vintage pieces? Why do people still have trust in this auction house if proven to be true?
Don't know enough about vintage watches so I stay away from them. That being said, I do own one vintage 1950's Timex Marlin, Caliber M22. My birth year watch.
All these watch brands have a grossly inflated and artificial value due to successful marketing by manufacturers. Something which costs just a few dollars to make goes into a prestigious auction and the bidding is so arranged in order to fetch a 'record price'. It's been going on for years, but now it appears they got too greedy.
Phillips is to blame - Aurel Bacs is involved and not for the first time in Authenticating dodgy watches!!!
Amazing move by omega. Their marketing budget is only behind Rolex. They sell us the idea. We buy it. They Jack up prices. They win. Rolex still the master in marketing budget. Sadly I still buy them when I can.
Kudos to perezcope. Nobody listened to him, very few. Wasnt the done thing to do. Well, everyone is now on the bandwagon because its mainstream ans those that dont 'touch' on it will be seen as compliant. Where was this video 4 weeks ago?
Im finding it really difficult to imagine how a watch gets by:
Omega themselves
Phillips and their panel of experts
Im also sure ive seen this watch in the collection of a very well known collector and if its the same one them I’m even more shocked it may have got by him.
The authenticator must have been in on it. Fortune has a story saying there are 3 former Omega employees being investigated.
Interesting, although rife with conjecture, guesswork, speculation etc.
The data in this video comes from news sources, linked in description. I am only reporting on the story. Viewers can click the links and come to their independent conclusion.
that Petros Protopapas seemd to be a nice guy😮 very passionate
Boring after a few minutes omega got right ripped off and that’s absolutely hilarious.
I say we storm the Omega HQ! WHO’S WITH ME!? 🔥 🔫💪🏻
when you think that frankenstein is a movie, not a book (by a female author) ...
Omega also did this some years ago with the highly disputed watch ‘owned’ by TE Lawrence (of Arabia). The watch is deemed as a fake by collectors. Omega are crooks.
Allege Ed?
The data in this video comes from news sources, linked in description. I am only reporting on the story. Viewers can click the links and come to their independent conclusion.
Was Omega busted for buying their own frankienstain watch? 😂😂😂
I hope this spirals omega speedmasters proce to the floor so we can feast...😂😂😂😂
Jealous much?
If it happens once... Who wants to buy expensive vintage watches now ?
The auction houses notorious for "authenticating" vintage frankens. Anyone remember the "prototype" Patek Philippe Aquanaut, that was just an Aquanaut case with a butchered Comet Nautilus movement, dial and hands being sold at auction? The one Patek informed everyone that there was zero record of this watch in their archive. Which was as polite a way as possible of Patek telling everyone it was fake. Well it wasn't pulled from the auction and sold for around $400k. On a low auction estimate of $50k. So even the auction house was tacitly indicating it was a franken with that low estimate, (what is essentially if it were real a "piece unique" steel Patek sports watch for only $50k? Really?)
Perezscope has a pretty extensive history of calling out these franken-frauds, but usually when he's successful the auction house just quietly removes the offending piece and the whole operation of brands, auction houses, watch media, and buyers all magically develop collective amnesia over the whole thing.
It's actually kind of amazing this time that Omega even issued a statement let alone confirming the Franken status. Potentially it's because the brand was the authenticator as well as the conveniently over-market buyer at the same time. And it's even possible that they were the consignor, which might have been a step too far in the "buy back your own old watches at a massive premium to create the illusion of investment value in the brand " game that they all play.
Don’t buy vintage!!! That’s the simple answer. A new watch from 2023 are much better build and quality and much cheaper.
99% of buyers have no idea whatsoever what they are buying.. unless you buy new from a AD you need to buy from a reputable dealer but even then there are no guarantees your piece is 100% genuine.
I don’t trust Omega anymore. They don’t have experts that can tell if the watch is real?
Any company can have corrupt people working for them.
Was the intention really corrupt? Maybe it was mere incompetence? 😅
Regardless, this is why it's important to be competent and diligent.
@@chrisbarbz9238 The "corruption" (though technically legal apparently) came from the top when whichever Omega executive signed off on massively over-paying for this vintage piece (even if it were actually real) at a public auction to deliberately set a sales record to manipulate the perception of increasing value for their vintage pieces. Omega isn't alone in doing this, but this is the first time anyone, let alone the brand behind the scheme, publicly acknowledged that it was actually a Frankenstein.
No. If you care about your company
Young Brando covered this story last week & interviewed Perezcoope.
HATER VIDEO 😂😂😂😂😂😂😂😂😂😂😂😂😂 TUDOR IS BEHIND THIS😂😂😂😂😂😅
must admit when a brand buys their own watch it does seem a little contrived... and then you find some other auctioned pieces on sale the day after they were sold via auction.
The deep dark secrets of the Swiss watch industry. I wouldn't be surprised if a former Omega employee tragically falls off a cliff while on a stroll in the Swiss Alps
Thanks for the video. Read a Fortune story. 3 ex employees. Greed is amazing. Interesting how the bidding war exploded. $87k to $3M is just crazy. So did Omega know this was fake and bid that high to avoid the embarrassment?
Not good for Omega but ex employees will know in-house processes and be able to manipulate proceedings in their favour. Omega will have to tighten up security and due diligence.
Omega has horrible marketing and embassador's. Zoe Kravitz? Seriously. I dig vintage Omega but modern Omega stinks it's embarrassing what's going with that brand as of late
Omega certified the watch as AUTHENTIC, good enough for me.
Philips is owned by russians by the way. Coincidence?😂😂😂