How does the melt value of an Omega Constellation compare to its auction value?

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Melt Value of Omega Constellation Exceeds Auction Estimates

The gold content of an Omega Constellation watch can be worth significantly more than its potential auction price, particularly for models that are not yet considered collectible. This discrepancy is driven by near-record high gold prices, making the intrinsic metal value more attractive than the resale market worth for certain timepieces.
Gold Value Outpaces Auction Estimates

In May, the gold content of a specific Omega Constellation watch was valued at £5,750 (US$7,749; RM34,443). This figure represented a 35% increase over its estimated auction value, which ranged between £4,000 and £4,500. This substantial difference highlights the financial incentive for some owners and dealers to melt down watches for their precious metal content rather than sell them through traditional auction channels.
Trend Affects Contemporary and Vintage Pieces

The practice of melting watches is primarily impacting contemporary pre-owned models and older vintage watches that have not yet attained collectible status. These timepieces, while potentially possessing aesthetic or historical appeal, do not command the premium prices seen in the auction market for rare or highly sought-after models. Consequently, their value is more closely tied to the fluctuating price of gold.
Significant Metal Content Drives Melt Value

Luxury watches can contain varying amounts of gold, ranging from a small fraction to over 200 grams. This substantial metal content means that the scrap value of some watches can reach tens of thousands of dollars. In the case of an Omega Constellation, gold is typically found in both the watch's case and its strap, contributing significantly to its overall melt value.

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How does the melt value of an Omega Constellation compare to its auction value?

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