This is an extremely rare Omega Speedmaster reference 145.012 from 1968 known as the 'Racing Model'. This Racing Model Speedmaster has a very exotic dial and set of hands compared to a normal Speedmaster. The Racing Speedy has red hands in addition to red and white baton markers with a checkerboard outer scale. This particular model also has chronograph registers that are smaller than on the normal Speedy in order to make room for the racing outer track. There have only been approximately 12 red Racing Models identified on the market which makes this an extremely rare and collectible watch. This example is in excellent condition with all original parts and Omega band.