Another multi-millionaire collector suing a dealer...

[Haywood_Milton]

...a UK one this time ?

H

[crowncollection]

any details ?

[crowncollection]

Originally Posted by Haywood_Milton

...a UK one this time ?

H

can you have look over here I know these are your specialty, your expertise would be appreciated

http://www.rolexforums.com/showthread.php?t=485006

[Old Expat Beast]

Originally Posted by Haywood_Milton

...a UK one this time ?

H

Do you mean this? http://www.rolexforums.com/showthread.php?t=485275

[Max72]

Was he trying to speculate on the vintage craze? It's funny that such successful businessman lacked common sense and didn't research the market before spending so much on vintage watches.
If it's just a matter of being "overpriced" I think that in a mostly free market sellers can ask whatever price they want, it's up to the buyer to decide whether the price is right or not. It seems he paid the asking price without any concern until he tried to resell the watches...

[dysondiver]

there was a very good documentary on about dealings in the art world last week , they were talking in millions on each transaction ,

[77T]

Originally Posted by dysondiver

there was a very good documentary on about dealings in the art world last week , they were talking in millions on each transaction ,

That's an area where "homage" artwork takes it to a huge profit margin for the maker.

[joli160]

Originally Posted by Max72

Was he trying to speculate on the vintage craze? It's funny that such successful businessman lacked common sense and didn't research the market before spending so much on vintage watches.
If it's just a matter of being "overpriced" I think that in a mostly free market sellers can ask whatever price they want, it's up to the buyer to decide whether the price is right or not. It seems he paid the asking price without any concern until he tried to resell the watches...

Depends what promises/ guarantees the authority on Rolex made

[JustinK]

The plaintiff is claiming among other things he was sold fakes from what I read.

[bdex75]

Originally Posted by JustinK

The plaintiff is claiming among other things he was sold fakes from what I read.

Being sold fakes is one thing. Franken watches or just mad because the market will not support his purchase prices is another.


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[soundserious]

Originally Posted by bdex75

Being sold fakes is one thing. Franken watches or just mad because the market will not support his purchase prices is another.

Franken = fake brah

[bdex75]

Originally Posted by soundserious

Franken = fake brah

Don't know that I agree but that is ok.

If it is all genuine Rolex parts what is fake about that?? When I say Franken I mean the dial is not the original dial or the bezel insert has been replaced or there are other genuine Rolex parts that were not originally on that particular watch. Hence making it less valuable to collectors.

When I hear fake I think non genuine case or dial or crystal. Not genuine parts that were pieced together.


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[soundserious]

Originally Posted by bdex75

Don't know that I agree but that is ok.

If it is all genuine Rolex parts what is fake about that?? When I say Franken I mean the dial is not the original dial or the bezel insert has been replaced or there are other genuine Rolex parts that were not originally on that particular watch. Hence making it less valuable to collectors.

When I hear fake I think non genuine case or dial or crystal. Not genuine parts that were pieced together.

Well depends on how it's advertised. Of course when it's re-sold again it's back to being "all original."

[bdex75]

Originally Posted by soundserious

Well depends on how it's advertised. Of course when it's re-sold again it's back to being "all original."

So true. That is why the red subs and some of the other ultra high dollar stuff scares me to death on the buy side.


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[AS1]

Originally Posted by Haywood_Milton

...a UK one this time ?

H

why open a thread with such a vague opening post so lacking in details, leaving it to others to post stories that were in the public domain at the same point?

[Haywood_Milton]

Originally Posted by AS1

why open a thread with such a vague opening post so lacking in details, leaving it to others to post stories that were in the public domain at the same point?

I did not wish to be considered as giving an opinion on any specific matter or its protagonists in this instance.

During the course of the thread, my attention was drawn to an unconnected watch being marketed as a Comex. I followed that prompt and added my comments on the relevant thread concerning that watch for anyone to read or dismiss as they choose.

I am sorry if this has irritated in some way. Am I overlooking something that I should have done / not done here?

H