Purchasing 5711 Green Dial

[bay_area_kid]

Originally Posted by sensui

I don't love the story so far about not wanting to be blacklisted etc hence finding a private deal.....all sorts of red flags here.

Yeah, very fishy. Tons of Pateks exchange hands from AD buyers to secondary market in Taiwan and Hong Kong. The dealers in Taiwan and Hong Kong know how to navigate the transactions end-to-end to hide the seller from Patek HQ as much as possible.

But once the watch is in the new owner's hands, there are no guarantees they won't go to a Patek AD anyway for various reasons so there is always a small chance Patek will find out you sold the 5711 anyway.

[77T]

Originally Posted by Ichiran

If I'm the buyer, I won't buy any auction-type watch at significant discount from an unknown person. Multiple red flags to me.

Yes, agree - OP seems to rationalize each warning despite the good advice.


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[cascavel]

This is a great story. By all means, let's keep this one going.

[pandapanda01]

Originally Posted by cascavel

This is a great story. By all means, let's keep this one going.

Flying to Tawain right now!

[ts3]

Originally Posted by cascavel

This is a great story. By all means, let's keep this one going.

+1

Wondering if the seller in Taiwan has been contributing to the thread.

[pandapanda01]

Originally Posted by ts3

+1

Wondering if the seller in Taiwan has been contributing to the thread.

I hope so!

[pandapanda01]

Originally Posted by 77T

Yes, agree - OP seems to rationalize each warning despite the good advice.


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If he ships without much money upfront, I got not much to lose. So I will take that rationale.

[bob101]

If you did buy it any time you take it to service centre they’ll update the ownership records anyway so seller just has to accept that or not sell it.
Easiest way if he is intent on selling it is meeting at service centre paying for authentication and once it’s verified all good agreeing to sale (whether at somewhere safe like a known local dealer where you can conduct deal safely, get bracelet sized etc. and give the dealer something for their services.
If he doesn’t agree to meeting at Patek service centre give it a pass.

[pandapanda01]

Originally Posted by bob101

If you did buy it any time you take it to service centre they’ll update the ownership records anyway so seller just has to accept that or not sell it.
Easiest way if he is intent on selling it is meeting at service centre paying for authentication and once it’s verified all good agreeing to sale (whether at somewhere safe like a known local dealer where you can conduct deal safely, get bracelet sized etc. and give the dealer something for their services.
If he doesn’t agree to meeting at Patek service centre give it a pass.

Will a Patek AD do an authentication service?

[bob101]

Yeah they do in Asia for a fee.

[sampelligrino]

For a 250k watch this is wild

Subscribed

[pandapanda01]

Originally Posted by sampelligrino

For a 250k watch this is wild

Subscribed

Flying there now!

[Apheaven]

Not sure how I forgot about this, contact Imalca Amit. They could arrange for shipping to a secured inspection room.

They would make similar arrangement for a high value diamond ….between two fishy randos such as yourselves.


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[pandapanda01]

Originally Posted by Apheaven

Not sure how I forgot about this, contact Imalca Amit. They could arrange for shipping to a secured inspection room.

They would make similar arrangement for a high value diamond ….between two fishy randos such as yourselves.


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3* if we include you

[bay_area_kid]

Originally Posted by pandapanda01

3* if we include you

So now that you're not getting the answers you expected, you decide to troll?

[tchaic]

This is like the good ol days on forums!

[Calatrava r]

Originally Posted by pandapanda01

Will a Patek AD do an authentication service?

I thought the whole intent of the seller was to fly under the radar so PP would not find out he sold the watch, and he would be blacklisted. I doubt the seller wants any authentication by PP or any of its ADs. Just more red flags.

[bob101]

Yeah that’s why I said if he doesn’t agree to it then it’s a definite pass.
Better to try buy in an auction if really intent on buying this piece.

[Mk2rick]

curious show this purchase will unfold! Good luck OP!

[capjand1]

The ADs in Taiwan will not authenticate any Patek, you need to go to service center, but I am sure the seller will not go to service center with you because then the seller will get flag by their AD.

[capjand1]

Originally Posted by bay_area_kid

You say your middleman has vouches all over the US. But the seller is from Taiwan. Do they also know and trust the US-based middleman enough that they will be willing to send a $250,000 watch overseas?

From my experience, the seller usually dictates the "home field" terms. That means the buyer goes to where the watch is. Not the other way around.



Wow, so many red flags on you. That right there tells me you haven't done your research on the seller. Basically, you're saying you don't know enough about the seller that you're not even willing to burn some money on plane tickets.

If you can't even determine if the seller is real or have the possibility to be a "ghost", why the hell are you even considering a $250,000 transaction with that person in the first place?

For these kinds of transactions, vouches are a two-way street.

Maybe you can share how you found this 5711 available for sell in Taiwan, obviously a dealer or a friend connected you with the seller, and you want to cut them out of this deal, it may not be a wise idea since there could be some issue between the seller and the original middle man.

[Apheaven]

Originally Posted by pandapanda01

I was thinking if I just pay for insurance and shipping before it goes out, the worst I have to lose is that amount vs. the entire or half amount of the watch.

Did he just send it immediately when you proposed this? Curious why anyone would agree to this, let alone you suggesting this.

On a separate but related topic, may I ask how old you are? A fair question at this point.


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[bay_area_kid]

Originally Posted by capjand1

Maybe you can share how you found this 5711 available for sell in Taiwan, obviously a dealer or a friend connected you with the seller, and you want to cut them out of this deal, it may not be a wise idea since there could be some issue between the seller and the original middle man.

I'm not the OP. I think you meant to ask those questions to the OP. But I agree, those are valid questions to ask the OP.

[capjand1]

Yeah, was directing it to the OP, my bad.
I agree with your points that many red flags, so more back ground story would make more sense.

[pandapanda01]

Originally Posted by capjand1

Maybe you can share how you found this 5711 available for sell in Taiwan, obviously a dealer or a friend connected you with the seller, and you want to cut them out of this deal, it may not be a wise idea since there could be some issue between the seller and the original middle man.

It was simply a listing on Chrono24 directly from the seller.

[pandapanda01]

Originally Posted by Apheaven

Did he just send it immediately when you proposed this? Curious why anyone would agree to this, let alone you suggesting this.

On a separate but related topic, may I ask how old you are? A fair question at this point.


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Definitely a fair question at this point! I’ll reply when I have more signal, currently flying to Taiwan.

[pandapanda01]

Hi everyone, got more pictures! Let me know what you all think and if it looks clearly fake from the images. Working on acquiring original receipts and if he will go to the service center in Taiwan. The watch in the images has a protective film according the owner since he had to wear it out a few times to show Patek he still owned it. Here is the other thread about this too: https://www.rolexforums.com/showthread.php?t=926623

[trackingtime]

you could have updated these on the first thread

[pandapanda01]

Originally Posted by trackingtime

you could have updated these on the first thread

I will if I end up getting scammed!

[Hfh]

any pictures of the dial ?