SALMANPK
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Between a Rock and a Hard Place
Coveting with other people want is as old as time and with a growing wealth gap globally security and safety has become more a concern than ever before and now after reading about this latest example:
I myself have been a victim of theft, many of us here have felt that pain here.
So which lead me to this thought, As an Example, I find a watch I always loved offered for sale privately online and I purchase it for USD 20k. I want to send it for a service to the watchmaker and give them my watch's details, they come back to me and say that unfortunately the watch was reported as stolen, the original owner, has since collected the insurance on the watch and ordered another one. However we can't service the watch for you. I try to contact the seller to get my money back and they don't respond anymore.
What can you do in such a situation?
S
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Between a Rock and a Hard Place
Coveting with other people want is as old as time and with a growing wealth gap globally security and safety has become more a concern than ever before and now after reading about this latest example: www.watchprosite.com I myself have been a vict...
:(
I'm not sure that you can do much about it other than service it at an unauthorized place.... What an unfortunate sequence of events when you end up getting into a 'void' like that one........ Wish I could be more encouraging or constructive....
Yes but I feel it might be one many will find themselves in considering how many watches are being stolen now, definitely should check if the watch is stolen or not before purchasing it....
which sometimes we are too excited not to do if we find our dream piece
Stolen watch databases
Currently there's more than one stolen watch database and each search of a database requires payment. Ok for a professional reseller, but it limits usage to seasoned professionals and private buyers who purchase online and are careful enough to check agai...
Absolutely, agreed!
I just didn’t want to read that this was your personal experience…which thankfully it is not.👍🏽
Thats bad…😣
Sad to hear but your title more or less sums it up. If you file a police report, there is a chance you have to surrender the watch without any assurance of getting your money back. To get recourse from the seller would seem difficult too if you all are no...
I don't believe this would happen as you describe. Let play it it logically....
You reported a stolen serial number to a brand, they see it is stolen. In your example the original owner was paid out by their insurer, meaning the new legal owner of that watch is the insurance company. The watch brand would inform the insurance company...
Find a trusted watchmaker to service it.
At the end of the day, that's all you can really do.
purchaser in good faith
in the hypothetical country of sale/purchase (or even across countries), would there not be protection for innocent purchasers in good faith for paid good money for what they would not have suspected was stolen goods?
Precisely what needs to be examined. At least in the U.S., we have bona fide purchaser rules that protect a good faith buyer...
...who did not know or have reason to know of stolen goods. This is a legitimate legal (and ethical) concept not to continue to create victims (subsequent purchasers) who acted in good faith. The original owner/victim can protect himself via security and ...
What is a reputation worth? . . .
. . . if more than $20K, there's an obvious answer. If less, there's a different obvious answer.
This hypothetical situation is why trust is so important.
Your hypothetical situation is exactly why you need to fully trust the seller.