The auction houses prey on the naïveté of the nouveau riche. As long as a steady supply of stupid customers with a lot of money who don't know anything keep on coming in... They'll have a way to sell their wares at top dollar.
I’m sure many of you are familiar with Perezcope, a gentleman who has a good eye for detecting fraudulent watches, especially those sold at auctions. Recently, Phillips has been the target of several of his investigations. I find it absolutely sickening t...
I do think it’s smartest to stay clear of the auction houses unless you can go in person and you feel very confident in your own ability to spot a problem.
The auction houses prey on the naïveté of the nouveau riche. As long as a steady supply of stupid customers with a lot of money who don't know anything keep on coming in... They'll have a way to sell their wares at top dollar.
The auction houses know, yet there's no profit in telling the truth... and it's not the first time we've seen auction houses ignore such warnings. Would love to see Hodinkee, WatchTime, and many other publications do a full-on investigative report concern...
When he started point out the issues, they thanked him for the information but didn't disclose it. Jose left once he realized they weren't hiring him for his help, but as hush-money. The auction houses know VERY well what they are doing and selling.
....the country's police / legal should immediately (today) be notified about the auction and given evidence accordingly. If the auction house still sells it that could be cause for immediate arrest. Which country is this auction?
Obviously, an email campaign to the auction house holds no value. My fear is in the very negative publicity this could cause to the reputation of the Swiss timepiece industry. Has Rolex been contacted?
Phillips isn't making product with trademarks on it, not they selling anything that wasn't made by Rolex save, maybe, some pushers, which don't have a Rolex crown on them. There is little benefit for Rolex to pursue this and even less benefit for Phillips...
No matter how reputable these mags are-and I do think WatchTime is reputable-they are still aware of who is buttering their bread. Additionally they might not have the resources to do a deep dive into this issue and still cover all the other stories and i...
We can't be too naive... Sometimes they aren't fooled. Sometimes they can even be a part of the team doing the fooling... For instance, a separate private company may own the watches where really an auction house employee is the secret shareholder... Lots...
It's a shame that publications like Hodinkee don't cover important issues like fakes being sold in auctions. Their silence helps perpetuate this fraud.
They have a vested financial interest into keeping smoke screen / con job going, for their own bottom line. Especially now that they are partially owned by a conglomerate and have corporate masters to answer to. They’re all complicit in this unfortunately...
All journalists are very hesitant to make a bad review. For instance, let's say I was loaned a bad watch. Even as a very truthful and honest journalist... I probably wouldn't flat out say how bad it would. I'd be very constructive in my criticism and try ...
away from preowned watches. Learned a lesson years ago on something besides a watch and said never again and I stick to that. Not saying every per-owned seller is questionable because there are some good ones on this forum and other places, Once bitten, t...
The difference between a reputable dealer/auction house and a disreputable one is the way they address an issue when it arises. The reputable ones step up and go out of their way to make things right with the buyer. If there's an issue that Phillips needs...
Last time that I posted on the Italian forum O&P a link to another José masterpiece my post was deleted without even notifying me. I cannot seem to be able to post links but if anyone is interesed just co to perezcope.com an look at the "Unicorn" ...
Not many people know this but he started doing this several years agos on a/the Panerai forum. The community attacked and even banned him! He could prove everything he was claiming but group think and the mob mentality lynched him all the same. And that w...
That something like this could happen I think is so strange.. I would expect when the seller has a 'in-house' watchmaker or even an outsourced one the issues such as a faulty dial and/or a frankenwatch will be adressed or at least mentioned when selling. ...
It took Jose a simple email to get a straight answer, straight from the source. Which tells you that Phillips did absolutely nothing in their course of checking it out. The auction houses are a shameful lot and Jose has caught a lot of pieces over the pas...
Auction houses are no exception. Anywhere there is trust, there is the potential to abuse that trust. Anywhere there are tons of money to be made, there are people looking to take advantage. Thus, one should always be careful in the watch world, car world...