Passionata_george
3411
thinking on the secondary market of stolen watches
Dec 28, 2019,04:01 AM
as you may aware may wife s watch(Rolex Datejust
Serial number Z678378)was stolen and obviously I know /read many stories about lost watches during my collecting years , however never really think about it . I know in the car business , stolen vehicles are disassembled and sold as parts but I do not think it happens the same with wristwatches .Do you think thefts are selling these "labelled " as stolen so the new owner should keep in mind that the item might be cause him headache later on , how much discount should be in the price to sell a piece ?A DJ like our was 10k on list but u can have one used for 6 or 7k , so I guess for such a "hot"item noone pays more than 2 maybe 2.5k .For such a price I d buy it back however I doubt criminals follow watch forums daily
What do you think ?
Comments:
view entire thread
thinking on the secondary market of stolen watches
By: Passionata_george : December 28th, 2019-04:01
as you may aware may wife s watch(Rolex Datejust Serial number Z678378)was stolen and obviously I know /read many stories about lost watches during my collecting years , however never really think about it . I know in the car business , stolen vehicles ar...
Tough and painful topic, my friend.
By: amanico : December 28th, 2019-04:12
There are two things: 1/ I would not buy a watch stolen to someone else. It would spoil my ownership feeling. 2/ Buying a watch which was stolen to me... It happened twice. Once, I gave an appointment to the guy who was trying to sell me one of my stolen ...
i c but actually i d like to know more how THAT
By: Passionata_george : December 28th, 2019-04:25
business works , of course I m aware what s the standard collectors point of view on this matter , all honest people act more or less the same -due to moral reasons -and businesswise too , a high end piece with red flag is almost worthless , no service an...
Don’t Buy back
By: Jurry : December 28th, 2019-04:58
I belief I wouldn’t easily buy back a watch that’s been stolen from me. For multiple reasons: * buying* it back would imply there is some form of contact between the thief and you, which means he knows private information about you. Now if you buy back yo...
Gents no worry i wouldn t play PI
By: Passionata_george : December 28th, 2019-07:02
it s just a “safe to wear your Rolex”type of topic which may grabs some extra attention and educative for those who are interested.
Stolen watches
By: watch-er : December 28th, 2019-06:34
make their way into the black market. Who they are sold to is anybody's guess. I suspect all parties in that market know the merchandise is stolen.
Anti Theft Tracker
By: SALMANPK : December 28th, 2019-07:06
I think watch companies can add a watch tracker to the watch which is activated when stolen,especially Rolex, Swatch Group, Richemont and LVMH can create a joint consortium to develop such a system. S
They may working on that
By: Passionata_george : December 28th, 2019-09:00
just not sure how can they make it mechanical ,a super mini morse transmitter d be the obvious choice 😂
Breitling Emergency.....
By: SALMANPK : December 28th, 2019-11:09
came equipped with a locator beacon and this is 1990s technology, I am sure if they put their heads together they can come up with a smaller more efficient solution. It would also be great marketing and reinvigorate mass interest in watches again.
Tracking stolen watches is a difficult problem to solve...
By: Fastwong : December 28th, 2019-09:44
I've often thought about this when buying pre-owned watches. It's tough. Police reports, insurance fraud, fake receipts, grey market dealers, validating ownership can be very difficult. The brands themselves just don't seem to want or have any incentive t...
Hmmm
By: StanWok : December 28th, 2019-09:57
I’m sure all the high value watches are stolen to “order” and the new owner knows exactly what he’s getting and knows to keep the head down and not service it at any reputable service centre. Most of the regular watches will be sold to friends, friends of...
I know how you feel.
By: Watchonthewrists : December 28th, 2019-13:03
It happened to me too last summer . However mine was a very limited piece so it will be hard to sell i guess . I hope it will pup up in the near future . I would never buy it back . Not paying for something thats mine already
Someone told
By: Passionata_george : December 28th, 2019-14:07
he was offered a nice IWC (stolen from the Swiss watch fair)the scumbag wasn t aware that it was a dummy
Don’t shop on 47th Street
By: U3O8 : December 28th, 2019-14:25
Mostly all stolen watches there. And no, they don’t care if they are buying a stolen watch to resell. They buy as cheap as possible and sell with no comment on provenance. They just shrug their shoulders and look up at the ceiling if you ask. That’s why t...
Actualy if sold as is
By: Passionata_george : December 29th, 2019-01:03
W/o a warning to the new owner that s give me hope ,the watch is 8th years old may will be due to service or a regular pressure check at the RSC can help to re surface .In parts it d be a mission impossible. The47th isn t my target location nor NYC ,once ...
Stolen watch database
By: subregister : April 30th, 2020-15:15
Have added to the Alpha Hands stolen watch database (). The database is both free to post and free to search - hope it can help!