Review: Is the Omega Speedmaster 38 the Modern Speedmaster Reduced?

Review: Is the New Omega Speedmaster 38 the Modern Speedmaster Reduced?

The name "Speedmaster Reduced" is a blanket term for the Speedmaster Automatics with cases smaller than the iconic 42mm Omega Speedmaster Professional. First launched in the 1980s, the Speedmaster Reduced became a cult favorite among collectors who loved the Moonwatch aesthetic but preferred a more compact case size. Now, with the Speedmaster 38mm, Omega may have finally created its true modern successor.

In a detailed review published in August 2026, Worn & Wound's Zach Weiss explored whether the new Speedmaster 38mm lives up to the legacy of the beloved Speedmaster Reduced — and the verdict is largely positive.

The Speedmaster Reduced: A Brief History

The original Speedmaster Reduced (ref. 3510.50 and its variants) was powered by an automatic ETA-based movement and measured 39mm in diameter. It offered the iconic Moonwatch look — black dial, tachymeter bezel, tri-compax chronograph layout — in a smaller, more affordable package. Production ceased around 2010, and the watches have since become highly sought after on the secondary market.

The Speedmaster 38mm was introduced in 2017 as a spiritual successor, but it initially featured a date window at 6 o'clock that purists felt disrupted the Moonwatch's clean dial layout. With the 2026 refresh introducing a no-date model, Omega has finally addressed this criticism.

What Makes the 38mm Special

At 38mm in diameter, the Speedmaster 38mm sits in a sweet spot for many collectors. It's small enough to work on slimmer wrists and under shirt cuffs, yet large enough to maintain the Speedmaster's presence and legibility. The case retains the asymmetrical design and lyre lugs that define the Moonwatch silhouette.

The no-date model, in particular, has been praised for its dial symmetry. Without the date window, the black dial features three evenly-spaced sub-dials, luminous hour markers, and the iconic Omega logo — a layout that's virtually indistinguishable from the 42mm Professional at first glance.

Movement and Performance

Unlike the hand-wound calibre 3861 found in the 42mm Professional Moonwatch, the Speedmaster 38mm uses an automatic chronograph movement. While purists may prefer the hand-wound experience, the automatic movement offers convenience for daily wear — you never need to remember to wind it.

The watch offers solid performance with reliable timekeeping, a column-wheel chronograph mechanism, and Master Chronometer certification on newer models. Power reserve is typically around 52 hours, more than sufficient for overnight wear.

Comparison: Speedmaster 38mm vs. Speedmaster Reduced

The Verdict: A worthy Modern Successor?

According to Worn & Wound, the answer is largely yes. The 2026 Speedmaster 38mm with its no-date dial option addresses the main criticism of previous versions and delivers what many collectors have been asking for: a smaller Moonwatch without compromise.

For those who have been chasing vintage Speedmaster Reduced models on the secondary market — often at prices approaching or exceeding new 38mm models — the current production Speedmaster 38mm offers modern build quality, warranty coverage, and the same iconic aesthetic.

FAQ

Is the Speedmaster 38mm as good as the vintage Speedmaster Reduced?

By most accounts, yes. The 38mm offers superior build quality, modern movements, and the no-date dial option that purists prefer. Vintage Reduced models have their charm, but the 38mm is the better daily wearer for most people.

What is the price difference?

Current Speedmaster 38mm models retail from approximately EUR 5,000 to EUR 7,000 depending on configuration. Vintage Speedmaster Reduced models on the secondary market can range from EUR 3,000 to EUR 6,000+ depending on condition and completeness.

Should I buy a vintage Reduced or new 38mm?

If you want modern reliability, warranty, and the no-date option, go with the new 38mm. If you prefer the vintage charm and potentially lower entry price, a well-maintained Reduced remains a solid choice.

Source: Worn & Wound — "Review: Is the New Omega Speedmaster 38 the Modern Speedmaster Reduced?" (August 25, 2026)

Related: Omega Speedmaster Collection Guide | Vintage Speedmaster Buying Guide