For example, European Watch Co has at least one Tiffany whale who sells a lot of Tiffany-stamped Pateks directly to them. In the past couple of years EWC has listed and sold multiple new Tiffany-stamped Pateks. It would be easy to trace the flipper/source, but neither Tiffany nor Patek has done anything about it. Patek should either enforce their policy of penalizing flippers or do away with the policy.