First Cubitus to Hit Grey Market @ 150k

[pam66]

Originally Posted by APhound

Interesting. I’m curious about this.. I have bought several Pateks recently, just took delivery of a 5968 which I would expect to be the type of watch they wouldn’t want flipped but I haven’t gotten anything from Patek or anyone- I don’t think anybody would know if I sold it unless Patek bought it and traced it back to my AD. If I get a new AP and don’t register it right away they call me and tell me to register it to my profile right away.
I don’t understand how Patek would know?


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only if the buyer contacted the AD or PP directly...heyyy i have bought that watch which comes from you....

[Whodinkedme]

Originally Posted by Russell996

No, definitely happening. My AD just blacklisted a huge client for flipping.

Do tell. Damian Butt?

[APhound]

Originally Posted by pam66

only if the buyer contacted the AD or PP directly...heyyy i have bought that watch which comes from you....

That’s the only way I can see.. it’s just like buying a Rolex


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[sambb]

i dont get the cubitus - can get a cartier santos and it is really more classic in many ways...but kudos to patek for creating hype

[bob101]

The easiest way Patek can do it is once the watch is purchased by the new owner, the owner goes to register the watch on the Patek site. Geneva can immediately see that the cubitus sold a few weeks ago is now under a new owner name and blacklist the original buyer with the AD from any further sports prices or application pieces.

Second way is whenever the Patek ends up at service centre, the service centre updates ownership to the new owner in the records and checks movement and serial number to also presumably ensure it is not on their stolen watch database. At that point the previous flipper would get flagged you would expect.


I’m not against folk consolidating and upgrading to a higher end complicated piece as an example. You would just hope they would keep and enjoy the piece first for a few years instead of flipping day one. These flippers and speculators should be blacklisted so the rest of us collectors can enjoy as intended.Bit like whac-a-mole however unfortunately. A lot of organised groups with money to burn / money laundering going on.

[RichardBartlett]

https://watchcollecting.com/for-sale...ilippe-cubitus

[MRBolton]

Originally Posted by Russell996

No, definitely happening. My AD just blacklisted a huge client for flipping.

Did you get any more details on it? Just one watch? How quickly? What was the piece? Was he exclusively flipping? How did they find out? Etc....