constantine
58
Extract from the archives as "guarantee" that the watch is not stolen
dear all, i am buying privately a brand new 3940G. it is the last series. the watch comes with its certificate of origin dated and stamped in 2006 by an AD. i rang PP here in the uk to ask "how can i ensure that the watch is not stolen even if i am in possession of its papers". they told me that the only way is to apply for an extract from the archives.
i have done a search through the forum and while many interesting things have been mentioned, i have never seen mentioned that the extract from the archives is a "guarantee" that the watch is not stolen. since anybody who has the case & movement number can apply for an extract, this hardly seems to me as good due diligence. am i missing somehting?
anybody with any views or better, any experience?
thank you
constantine
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No guarantee
By: Roni M : March 17th, 2011-06:32
You are right.... anybody who has the case and movement number can get an Extract from the Archives and it isn't in itself any form of safeguard against buying a stolen watch. I believe Patek themselves in Geneva keep a register of stolen watches in event...
how would that work fabio?
By: fabios : March 17th, 2011-07:55
A declaration of Legal Origine with the signature of the seller is a paper which state the seller sell the watch( description of the watch with case number) to you at XXX price ( and this is a document of property for you ) and declare that the watch is n...
Not quite true
By: autowind : March 17th, 2011-17:30
Patek can only tell you that a watch is stolen if the watch was reported to them as being stolen. If they were never notified, then they don'dt nkow. So, using logic: If Patek tells you the watch is stolen, then it is stolen. There is nothing else they ca...
it is obvious to me...
By: constantine : March 18th, 2011-02:02
....that if the watch is not reported stolen then PP extracts are not going to report it as such. therefore i am questioning the value of the extracts as they are not completely watertight. what i will do instead, is draft a sale agreement and insert a cl...
Legal considerations
By: descartes1 : April 4th, 2012-08:02
In the US (and I suspect most of Europe) if you buy from a retailer/dealer you are deemed a bona file purchaser and you take the item free of any claims that it was stolen. You are entitled, as buyer, to rely on reps made by such sellers that you are buyi...
