Reference
Omega Speedmaster
Reference 2998-1 · Stainless Steel
The lowest current ask for the Omega Speedmaster (ref. 2998-1) is $23,900 at Bulang And Sons. The auction record is $112,000 (Phillips Geneva, 2020). Updated October 2, 2026. View lowest ask →
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About this reference
The Omega Speedmaster reference 2998-1 was produced between 1959 and 1960 as the successor to the 2915. It is the first Speedmaster to feature the black aluminum tachymeter bezel and "Alpha" style hands, replacing the Broad Arrow handset of earlier models. The watch utilizes a 39mm stainless steel straight-lug case without crown guards and is powered by the manual-wind Calibre 321 movement. Collectors prioritize this reference for its transitional role in the model's evolution and its specific "Base 1000" bezel. On the secondary market, prices typically range from $40,000 to over $100,000 depending on the presence of original components and dial condition. A notable production detail is the "lollipop" chronograph seconds hand found on some early examples, which significantly increases value at auction. High-quality specimens with tropical brown dials have historically exceeded these standard price brackets.
Hammer prices over time
Each dot is a documented public auction sale; click to view the lot. Dashed line marks the current asking median across live listings.
Auction track record
5 documented sales since 2015. Top hammer $112,000 at Phillips Geneva in 2020. Median hammer: $28,750. Most recent: $44,100 in 2021.
Ranks #14 of 39 Omega auction lots we track — see all Omega records.
Live inventory matching this reference
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All documented hammer prices
For this reference (and close variants).
| Lot | Year | Hammer | Venue |
|---|---|---|---|
| 2998-1 · Speedmaster "Tropical Dial" | 2020 | $112,000 | Phillips Geneva |
| 2998-61 · Speedmaster | 2021 | $44,100 | Phillips New York |
| CK2998-1 · Speedmaster "Tropical Dial" | 2015 | $28,750 | Christie's New York |
| CK2998-62 · Speedmaster | 2015 | $28,750 | Christie's New York |
| CK2998-4 · Speedmaster | 2015 | $20,000 | Christie's New York |
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