Bad sign, serial number issue :(

[Ursusarctos]

[QUOTE=KatGirl;13342556]If it’s stolen, Rolex will confiscate it and notify both the owner who reported it stolen and the OP. Then the OP will have to seek reimbursement from the seller, as eventuallly the person who reported it stolen will have it returned to him. What I’ve always wondered is if that owner collected an insurance payout, is there another way this plays out, where the OP gets to keep the watch he bought?

Kat

I had an elderly neighbour who thought her Rolex was stolen, it was reported as such to the police, and insurance paid out. Turns out that her deceased husband had hidden it and once found, she informed the insurance company and said she wanted to keep the watch and return the pay out. Insurance said no and that the watch was theirs now. After a lot of back and forth (her son is a lawyer), they returned the cash and kept the watch. I'm not convinced it would always work out this way, especially if a watch might have a much higher value when found again (e.g., in a rising secondary market).