The Shocking Omega Scandal: Fake Watch Sells for Millions

Omega Speedmaster ref 2915-1 sold for a record-breaking price of 3.115 million Swiss Francs at a Phillips auction in Geneva.

The watch turned out to be fake, revealing a major case of fraud and deception in the watch industry.

Omega's Museum director was involved in the fraud and encouraged Omega to buy the watch for over three million dollars.

🔑 The Omega scandal broke worldwide news and Omega bought the watch.

🕰️ Understanding the difference between proper watch restoration and fraud.

🔍 Expert opinions and the challenges of authenticating watches.

⌚️ There was a scandal involving a modified watch with a perfect scratch on the dial.

🔍 Experts noticed that the loom on the watch did not deteriorate correctly, indicating tampering.

💰 The modified watch was sold at a high price, not due to marketing, but because it was acquired by a museum.

🔍 A rare and valuable watch with a clean dial was sold for millions of dollars, raising suspicions.

🧐 The watch was found to have a modified dial and bezel, indicating fraud and involvement of multiple individuals.

⚠️ Omega conducted an investigation and discovered that three former employees were responsible for the fraud.

🕰️ The scandal involves internal fraud within the Omega brand.

💼 The trustworthiness of the people involved in creating and selling the watches is questioned.

💰 Auction houses like Phillips are accused of auctioning fake or modified watches.

💰 The instant part is about the significant amount of money involved in the watch market and the consequences of missing crucial details.

🔍 Fraud exists in the auction industry, including the watch market, and mistakes can have a severe impact on brands and their reputation.

⌚ Buyers bear the responsibility of ensuring the authenticity of watches when purchasing from auction houses.

💰 The Omega scandal involves fraud committed by the company.

🔥 Omega's reputation and brand image may be slowly damaged.

💰💼 The buyers of expensive watches, particularly from the Middle East and China, are often wealthy and unaffected by the scandal.