Yep $5k would be for an average 2446c GMT, watches with early hands, minty bezels and very clean dials are worth considerably more.

Remember that not all case backs on compressor case Autavia were engraved, so a lack of evidence of engraving does not always mean it was polished off.

I suspect re values they should be close to 2446c but not perhaps worth more, anecdotally I think we see more GMT than plain black dial versions.

R

: I too thought this would be under the radar! LOL! I was a phone
: bidder but as soon as the auction started, it jumped to $8k from
: a floor bidder, and hoping to snatch a "steal"
: evaporated in seconds! The final price of $9440 was a strong
: closing, but I don't agree with John's friends on the $5k value
: on this GMT.

: This is a 1st Execution 2446c GMT with a very nice bezel, and the
: hands/dial looked good too. The only issue I saw was the
: caseback seemed to be overpolished, since I did not see any
: engraving on it, so I suspect the sticker was placed on later.
: These GMTs have been climbing in price based on eBay and forum
: sales I have seen. The last one that sold was in December for an
: MK4, and that went for $6.6k with polished caseback as well, on
: eBay:

: http://www.ebay.com/itm/151910087302

: I believe the value of 1st Executions in todays market are around
: $7-9k IMHO, depending on condition. Even these prices I still
: believe is undervalued based on the fact that they are one of
: the nicest Heuer GMT examples with a Val 72 movement and a great
: case that has lugs. We are seeing standard (non GMT) 2446c
: selling close to $10k already, and a GMT is worth less? Prices
: have been climbing on them, and I predict they will continue to
: see this climb with each sale. I anticipate these to be get to
: $10k+ very soon based on how the general vintage market is
: moving. The momentum with Heuer's has not stopped, but
: collectors are being pickier on examples, looking for earlier
: execution and mint or untouched pieces.

: Of course this is my own humble opinion, but a good debate to have.

: :