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Subfiend · 22 February 2011, 12:37 AM

I have a friend who consigned two Rolex watches to Antiquorum for the 7 December 2010 auction in NYC. Both watches were sold to a buyer who was present at the auction (who also happens to be a friend), he paid immediately, but the seller has not been paid despite repeated inquiries. He keeps getting shuffled from person to person, and the latest excuse was that the funds were in Switzerland or China.

Is this typical behavior for Antiquorum? Is Antiquorum on the verge of bankruptcy or in some other financial trouble? Has anybody here had a similar experience? Is lack of payment 75 days after the auction considered acceptable in the auction world?

I would appreciate any input the experienced members on this forum could provide. Thank you.

MonBK · 22 February 2011, 12:38 AM

A well known fact in the business.

HL65 · 22 February 2011, 12:43 AM

There is and have been a lot of comments posted on other forums about this. Do a google search.

Rolex116520 · 22 February 2011, 12:57 AM

I believe that is a reoccurring problem with auction houses .

MonBK · 22 February 2011, 12:58 AM

Quote:

Originally Posted by Rolex116520

I believe that is a reoccurring problem with auction houses .

Absolutely not, only with Antiqourum.

Subfiend · 22 February 2011, 01:14 AM

Quote:

Originally Posted by SteelerFan1965

There is and have been a lot of comments posted on other forums about this. Do a google search.

How long has AQ been stiffing customers? You would think this would be bad for business.

Numismatist · 22 February 2011, 01:15 AM

Quote:

Originally Posted by Rolex116520

I believe that is a reoccurring problem with auction houses .

Not true.

HL65 · 22 February 2011, 01:33 AM

Quote:

Originally Posted by MonBK

Absolutely not, only with Antiqourum.

X2!! It is not an issue with Christies or Sothebys and is limited to Antiquorom!
I have not heard of any issue with any other auction house.

Rolex116520 · 22 February 2011, 01:41 AM

Not what my uncle Hans would say after dealing with Christies in Geneva some years ago . My earlier remark was relating to that event only .

Rolex116520 · 22 February 2011, 01:49 AM

Not what my uncle Hans said after dealing with Christies in Geneva some years ago . My remark was based on his experience , I should maybe not have put it in a general sense .

MonBK · 22 February 2011, 01:52 AM

Quote:

Originally Posted by Rolex116520

Not what my uncle Hans said after dealing with Christies in Geneva some years ago . My remark was based on his experience , I should maybe not have put it in a general sense .

No sweat.

Subfiend · 22 February 2011, 02:58 AM

Quote:

Originally Posted by SteelerFan1965

There is and have been a lot of comments posted on other forums about this. Do a google search.

Ironically, I posted this question on another forum. It received one reply within five minutes and it was totally removed from the forum by the mods within 30 minutes. That particular forum has dozens of announcements on its homepage lauding AQ. I wonder how that would show up on a Google search?

Fortunately, there are still forums like this one where people can post questions, share their experiences and get honest comments. I hope this thread shows up in a Google search when somebody is doing their due diligence and trying to make an informed decision.

MonBK · 22 February 2011, 03:03 AM

Quote:

Originally Posted by Subfiend

Ironically, I posted this question on another forum. It received one reply within five minutes and it was totally removed from the forum by the mods within 30 minutes. That particular forum has dozens of announcements on its homepage lauding AQ. I wonder how that would show up on a Google search?

Fortunately, there are still forums like this one where people can post questions, share their experiences and get honest comments. I hope this thread shows up in a Google search when somebody is doing their due diligence and trying to make an informed decision.

I know exactly what forum you're talking about and here's my reaction to it..

They are in cahoot with AQ so of course they delete any negative discussions about them.

Again...

Johny · 22 February 2011, 03:11 AM

Quote:

Originally Posted by Subfiend

Ironically, I posted this question on another forum. It received one reply within five minutes and it was totally removed from the forum by the mods within 30 minutes. That particular forum has dozens of announcements on its homepage lauding AQ. I wonder how that would show up on a Google search?

Fortunately, there are still forums like this one where people can post questions, share their experiences and get honest comments. I hope this thread shows up in a Google search when somebody is doing their due diligence and trying to make an informed decision.

name that forum.

Yazo · 22 February 2011, 03:16 AM

Damn I'm sorry to hear about this.... hope your friend gets his money.

MonBK · 22 February 2011, 04:06 AM

Quote:

Originally Posted by Johny

name that forum.

It's TimeZone of course.

p_mcgee · 22 February 2011, 04:26 AM

TimeZone is owned by Antiquorum. Of course any critical post will be deleted immediately.

I consigned a painting with Christie's last year. The painting sold within their estimated range & payment was sent to me on the exact day it was promised.

HL65 · 22 February 2011, 04:36 AM

Quote:

Originally Posted by Subfiend

Ironically, I posted this question on another forum. It received one reply within five minutes and it was totally removed from the forum by the mods within 30 minutes. That particular forum has dozens of announcements on its homepage lauding AQ. I wonder how that would show up on a Google search?

Fortunately, there are still forums like this one where people can post questions, share their experiences and get honest comments. I hope this thread shows up in a Google search when somebody is doing their due diligence and trying to make an informed decision.

It is on VRF now.

HL65 · 22 February 2011, 04:37 AM

Quote:

Originally Posted by p_mcgee

TimeZone is owned by Antiquorum. Of course any critical post will be deleted immediately.

I consigned a painting with Christie's last year. The painting sold within their estimated range & payment was sent to me on the exact day it was promised.

Everyone I know that has ever sold on Christies has never had a problem-no disrespect to Uncle Hans!

HL65 · 22 February 2011, 04:38 AM

Quote:

Originally Posted by MonBK

It's TimeZone of course.

I wonder why??

Ps--Just kidding--just look at front page in huge letters!!
PSS-I just read your post in full--LOL---I also saw your post and saw it disappear from there too!!

Subfiend · 22 February 2011, 06:07 AM

I guess the reactions of the various forums to a thread like this shows us which forums are truly interested in honestly educating their members and those that only care about marketing. If Customer Service at Antiquorum acted as quickly as the moderators at the forum it owns, there would not be threads like this one. I would love to see the company respond rather than have the thread deleted. Let the buyers, sellers and posters beware.

Thank you to all who have provided feedback to my questions. I will keep you informed.

HL65 · 22 February 2011, 06:09 AM

Quote:

Originally Posted by Subfiend

I guess the reactions of the various forums to a thread like this shows us which forums are truly interested in honestly educating their members and those that only care about marketing. If Customer Service at Antiquorum acted as quickly as the moderators at the forum it owns, there would not be threads like this one. I would love to see the company respond rather than have the thread deleted. Let the buyers, sellers and posters beware.

Thank you to all who have provided feedback to my questions. I will keep you informed.

Just out of curiosity-is this David from VRF??

Subfiend · 22 February 2011, 06:11 AM

Quote:

Originally Posted by SteelerFan1965

Just out of curiosity-is this David from VRF??

Yes

HL65 · 22 February 2011, 06:12 AM

Quote:

Originally Posted by Subfiend

Yes

Thought so....Let us know what happens. Hope you get it resolved soon.

MonBK · 22 February 2011, 06:58 AM

Quote:

Originally Posted by Subfiend

I guess the reactions of the various forums to a thread like this shows us which forums are truly interested in honestly educating their members and those that only care about marketing. If Customer Service at Antiquorum acted as quickly as the moderators at the forum it owns, there would not be threads like this one. I would love to see the company respond rather than have the thread deleted. Let the buyers, sellers and posters beware.

Thank you to all who have provided feedback to my questions. I will keep you informed.

That's the reason we stick with TRF.

Hope it gets resolved quickly David.

Watch Professor · 22 February 2011, 07:21 AM

Is it accurate to say that TZ is owned by Antiquorum? Also, is their chief moderator an emplyee of the auction house?

MonBK · 22 February 2011, 07:25 AM

Quote:

Originally Posted by Watch Professor

Is it accurate to say that TZ is owned by Antiquorum? Also, is their chief moderator an emplyee of the auction house?

Ask Jocke, he once had dinner with him and still got banned.

Nicko · 22 February 2011, 08:08 AM

Quote:

Originally Posted by MonBK

Ask Jocke, he once had dinner with him and still got banned.

Subfiend · 23 February 2011, 08:06 AM

Perhaps Antiquorum reads the forums?

My friend received a response from Antiquorum today -- first from the PR & Marketing Department and then from Finance. Still no payment from the Finance Department.

Yazo · 23 February 2011, 08:54 AM

Quote:

Originally Posted by Subfiend

Perhaps Antiquorum reads the forums?

My friend received a response from Antiquorum today -- first from the PR & Marketing Department and then from Finance. Still no payment from the Finance Department.

What did they say if you don't mind??

22 February 2011, 12:37 AM	#1
Subfiend "TRF" Member Join Date: Jan 2006 Location: Outside Watch: Isn't it obvious? Posts: 1,924	Problem with Antiquorum? I have a friend who consigned two Rolex watches to Antiquorum for the 7 December 2010 auction in NYC. Both watches were sold to a buyer who was present at the auction (who also happens to be a friend), he paid immediately, but the seller has not been paid despite repeated inquiries. He keeps getting shuffled from person to person, and the latest excuse was that the funds were in Switzerland or China. Is this typical behavior for Antiquorum? Is Antiquorum on the verge of bankruptcy or in some other financial trouble? Has anybody here had a similar experience? Is lack of payment 75 days after the auction considered acceptable in the auction world? I would appreciate any input the experienced members on this forum could provide. Thank you. __________________ Subfiend

22 February 2011, 12:43 AM	#3
HL65 TRF Moderator & 2024 DATE-JUST41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 63,389	There is and have been a lot of comments posted on other forums about this. Do a google search. __________________ *SPEM SUCCESSUS ALIT*

22 February 2011, 06:07 AM	#21
Subfiend "TRF" Member Join Date: Jan 2006 Location: Outside Watch: Isn't it obvious? Posts: 1,924	I guess the reactions of the various forums to a thread like this shows us which forums are truly interested in honestly educating their members and those that only care about marketing. If Customer Service at Antiquorum acted as quickly as the moderators at the forum it owns, there would not be threads like this one. I would love to see the company respond rather than have the thread deleted. Let the buyers, sellers and posters beware. Thank you to all who have provided feedback to my questions. I will keep you informed. __________________ Subfiend

22 February 2011, 07:21 AM	#26
Watch Professor "TRF" Member Join Date: Oct 2009 Real Name: Myron Location: New York Watch: GMT IIC; Sub Date Posts: 3,166	Is it accurate to say that TZ is owned by Antiquorum? Also, is their chief moderator an emplyee of the auction house? __________________

23 February 2011, 08:06 AM	#29
Subfiend "TRF" Member Join Date: Jan 2006 Location: Outside Watch: Isn't it obvious? Posts: 1,924	Perhaps Antiquorum reads the forums? My friend received a response from Antiquorum today -- first from the PR & Marketing Department and then from Finance. Still no payment from the Finance Department. __________________ Subfiend

22 February 2011, 12:38 AM	#2
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,281	A well known fact in the business.

22 February 2011, 12:57 AM	#4
Rolex116520 "TRF" Member Join Date: Feb 2009 Location: EEC Watch: Daytona & Deepsea Posts: 2,387	I believe that is a reoccurring problem with auction houses .

22 February 2011, 01:41 AM	#9
Rolex116520 "TRF" Member Join Date: Feb 2009 Location: EEC Watch: Daytona & Deepsea Posts: 2,387	Not what my uncle Hans would say after dealing with Christies in Geneva some years ago . My earlier remark was relating to that event only .

22 February 2011, 01:49 AM	#10
Rolex116520 "TRF" Member Join Date: Feb 2009 Location: EEC Watch: Daytona & Deepsea Posts: 2,387	Not what my uncle Hans said after dealing with Christies in Geneva some years ago . My remark was based on his experience , I should maybe not have put it in a general sense .

22 February 2011, 03:16 AM	#15
Yazo "TRF" Member Join Date: Dec 2009 Location: Dallas TX Watch: Rolex Posts: 2,812	Damn I'm sorry to hear about this.... hope your friend gets his money.

22 February 2011, 04:26 AM	#17
p_mcgee "TRF" Member Join Date: Oct 2010 Location: Chicago Posts: 2,149	TimeZone is owned by Antiquorum. Of course any critical post will be deleted immediately. I consigned a painting with Christie's last year. The painting sold within their estimated range & payment was sent to me on the exact day it was promised.

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