Patekfinity
628
Ok...agree to disagree
Nov 12, 2020,09:42 AM
Patek has been clamping down on these so called “deliveries”. If the watch is in the realm of a MR then I believe it has to be picked up in person. They will want an in person demonstration of how the watch works and make sure you understand it as well. As for the “regular” references like Calatrava, Annual Calendars, etc. I’m sure most are shipped to buyers if they cannot make an in person pick-up.
Having said that, don’t think this watch 5531 was delivered to buyer unless Patek made an exception which in this case may have due to Covid19. What I’m wondering is what happened to the watch? Was it undeliverable or did the buyer decide not to take delivery and was subsequently sold at auction.
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Superb reply
By: Weems@8 : November 18th, 2020-04:55
My notes. When i’m stepping in watch collecting, this was already going on. 2018. I do not know better the watch world turn to this. It reflex my direction, collecting watches which i can afford, and the watches which run to crazy price ranges are to fara...
It wasn't me Gordon!! :-)
By: sham1 : November 8th, 2020-10:42
Perhaps the effects of the pandemic has resulted in the owner being forced to sell his prized possession!
Sadly enough 😔
By: Watchonthewrists : November 8th, 2020-13:06
I think a lot of ,,collectors,, nowadays are just investors
+1! [nt]
By: amanico : November 9th, 2020-12:04
Allocation of those pieces is not made by ADs.
By: Pretty Boy : November 8th, 2020-10:49
Decision is made in Geneva which makes the matter even more frustrating. However, since this piece appears to be rather unique, PP will surely be or become aware of the sale and blacklist the seller.
not at all....
By: Peter : November 8th, 2020-13:04
more likely Thierry will assign more high end pieces to the seller so that PP can profit from the publicity they get from those sales. like us discussing how is it possible that someone has the audacity to make 800K USD by selling a wonderful watch:: )) w...
That's the point - I don't see anyone behind whatever.
By: ronhan : November 18th, 2020-09:52
Someone bought a watch, was legal owner(!) of that watch, and finally sold that watch. Patek got what they wanted. Afterwards, the buyer/seller got what he wanted. Obviously, this whole thing is a problem for a few collectors only, because they never ever...
Definitely!
By: Chiranuj Bhirombhakdi : November 14th, 2020-17:17
Still upsetting to learn that after all these process, things like this still happens. Given the benefit of the doubt of Covid victims, ( I don’t think the person who can afford this kind of piece would be affected that much) still... AD should be fully r...
Maybe PP knows something we don't
By: benzng : November 8th, 2020-20:27
I am sure this will not go unnoticed but if they "allow" this or not is another question. Anyway, it's not our watch so we can't do anything but dream. They should allocate 1 to you Gordon, I don't know anyone more passionate for PP enamel dials. I don't ...
Thanks for your interesting comments ! Do you...
By: GLau : November 9th, 2020-09:54
know this situation for a fact , or are you guessing ? The AD that sold the 5531 is based in Germany. Hence, IMO the owner had to pay Euro to this German AD in Germany.
Sad truth
By: Krittyot Vi. : November 11th, 2020-19:32
I know the whole story of where the watch was purchased from, price it was paid for, who got it first hand and then how it went through to the auction house. All I can say is that this is one big mess up transaction and deal. The promise was broken badly ...
Hi Khun Krittyot, A warm welcome to our Patek forum !
By: GLau : November 12th, 2020-01:12
Interesting that you have first hand knowledge of the actual events. While keeping sensitive matters confidential (such as names), are you able to provide an overview of what happened and how you became knowledgeable of the situation ?
Oh well....
By: Krittyot Vi. : November 12th, 2020-05:45
It’s extremely sensitive. The Chinese guy was advised like a hundred times to keep the watch as secure as possible but he screwed it. Indeed, he would never get a chance to own this piece if not because of COVID-19. Not a money issue at all but this is al...
Chinese buyer?!?
By: Patekfinity : November 12th, 2020-06:07
I thought the watch was sold through an European location. Did the Chinese buyer purchase this via phone and shipment delayed or cancelled due to Covid19? I know there are travel restrictions in place for travel between EU and China. Buying a MR and piece...
Ok...agree to disagree
By: Patekfinity : November 12th, 2020-09:42
Patek has been clamping down on these so called “deliveries”. If the watch is in the realm of a MR then I believe it has to be picked up in person. They will want an in person demonstration of how the watch works and make sure you understand it as well. A...
Tough call
By: Krittyot Vi. : November 13th, 2020-17:22
It was picked up in person. For this kind of super high end watch, forget about delivery, more or less the one and only watch like this. Unfortunately, something unexpectedly happened. I will not go into details.
Thank you
By: Patekfinity : November 13th, 2020-18:24
Thanks for the update. Hope it’s not health related issues and the buyer is fine. Financial issues can always be “solved”, health then even with all the money in the world cannot buy...
PM sent.
By: FabR : November 13th, 2020-19:30