patrick_y[PuristSPro Moderator]
28381
Considering it's from Antiquorum, one of the worse auction houses....
Nov 08, 2018,00:06 AM
I'd be very dubious. Antiquorum has been known for the past several years as one of the most dubious watch auction houses.
I know of someone who bought a watch from Antiquorum who advertised it as a Lange but then it turned out it was a Laco! This auction house doesn't even open up the back of the case to check! Antiquorum wouldn't refund the client for years.
I also know of two PuristSPro members who contacted Antiquorum, informing Antiquorum that some lots in their upcoming auction had timepieces that were stolen from them. When they provided Antiquorum with the police report; these lots were withdrawn by the original consignor. The PuristSPro members never recovered their stolen timepieces. It would be irresponsible for me to say that Antiquorum is a front for stolen goods, but I wouldn't be slandering any entity to suggest that it seems that Antiquorum definitely acts in unethical manners.
Sotheby's just got "Bansky'd" when a work of Bansky art was shredded by a remote control shredder hidden in the frame. Sotheby's obviously didn't even check the frame contained a shredder, a power inverter, and batteries that would shred the Bansky work of art that was auctioned. Sotheby's claimed they didn't know about it... Vehemently claimed they were not in on the act. Well, just further evidence that they were so careless in their inspection that it is probably legally defined as negligence!
When you buy anything from an auction house; I'd be very afraid. Very afraid. All those experts and they didn't even notice the shredder, batteries, and inverter hidden in the frame... All those experts... Is it fair to call them "experts" anymore? More like "incompetent experts" seems to be more fitting. For shame!
Mr. Koch (one of the three Koch brothers), one of the largest art collectors in the world said in a 60 Minute Interview that auction houses make buyers complicit in their scams. When buyers buy something and then later realize there's a problem; they go back to the auction house to complain. The auction house says they'll consign the art for the buyer and sell it and take a reduced commission so the buyer is made whole again. The buyer is now complicit; because they will remain mum so their property can go for a high bid to another unsuspecting buyer. It's a feedback loop!