Patek will steal your watch?

[Erson]

I've talk to AD they said it is dangerous to buy Preowned Patek watch.

He tell story to me that if you buy Preowned Patek watch, and it isnt you the name on certificate, for example the name on the certificate is MR. A. Then MR. A watch was stolen in their home including the certificate. Then the people who stole the watch, name MR. B sell the Patek watch to me.Then MR. B dissapear and cannot be contacted. Later when I service the watch to Patek. Patek said this is MR. A watch, MR. A make a report of stolen watch in their home, it has a proof from CCTV. Then Patek Stole my watch??

Im serious if this true this is insane.

The people who buy preowned watch doesnt know the real story of the watch!

[GB-man]

Caveat emptor. As with anything if you buy stolen goods, it can be returned to the original owner. This is nothing new. The odds of a Patek being stolen with original papers seems low.

[SL BRABUS]

Originally Posted by GB-man

Caveat emptor. As with anything if you buy stolen goods, it can be returned to the original owner. This is nothing new. The odds of a Patek being stolen with original papers seems low.

This....^^^..... Plus.....

Buyer the seller.......

[Andad]

Originally Posted by Erson

I've talk to AD they said it is dangerous to buy Preowned Patek watch.

He tell story to me that if you buy Preowned Patek watch, and it isnt you the name on certificate, for example the name on the certificate is MR. A. Then MR. A watch was stolen in their home including the certificate. Then the people who stole the watch, name MR. B sell the Patek watch to me.Then MR. B dissapear and cannot be contacted. Later when I service the watch to Patek. Patek said this is MR. A watch, MR. A make a report of stolen watch in their home, it has a proof from CCTV. Then Patek Stole my watch??

Im serious if this true this is insane.

The people who buy preowned watch doesnt know the real story of the watch!

Not insane if you were Mr A.

You were never simply never the owner of this stolen Patek.

Your thread heading is way off base.

Patek kept the stolen watch to give to back the owner as all watch companies should do.

[Erson]

Originally Posted by GB-man

Caveat emptor. As with anything if you buy stolen goods, it can be returned to the original owner. This is nothing new. The odds of a Patek being stolen with original papers seems low.

Patek steal our watch even the certificate paper is with us?

What if we have the payment receipt from MR.B?

Is there any case that happened to our member here in patek forums?

[Russell996]

Originally Posted by Erson

I've talk to AD they said it is dangerous to buy Preowned Patek watch.

He tell story to me that if you buy Preowned Patek watch, and it isnt you the name on certificate, for example the name on the certificate is MR. A. Then MR. A watch was stolen in their home including the certificate. Then the people who stole the watch, name MR. B sell the Patek watch to me.Then MR. B dissapear and cannot be contacted. Later when I service the watch to Patek. Patek said this is MR. A watch, MR. A make a report of stolen watch in their home, it has a proof from CCTV. Then Patek Stole my watch??

Im serious if this true this is insane.

The people who buy preowned watch doesnt know the real story of the watch!

If you buy a stolen watch and you send it in for a service it is the legal obligation for any manufacturer to report it to the police. This is the law.

Originally Posted by Erson

Patek steal our watch even the certificate paper is with us?

What if we have the payment receipt from MR.B?

Is there any case that happened to our member here in patek forums?

If the watch is stolen, you have bought nothing.

[benlee]

That's why if you buy pre-own watch, always buy from someone you trust or from a reputable pre-own watch dealer. This doesn't only apply to Patek. To other brands as well.

[Erson]

how to check the certificate is this stolen or not?
How to change the certificate name?

[Passionata]

Originally Posted by Erson

how to check the certificate is this stolen or not?
How to change the certificate name?

Stolen goods will be returned to the original owner,if you bought it with a receipt/invoice/contract then you have a proof that not you were the thief and you may can start a legal action against the seller.How to check it IDK since i really doubt PP (or any other watch manufacturer)offers such a service ,except if you bring it into their premises for an overhaul.

[AK797]

Make sure you can come back to the seller if PP return the stolen watch to the rightful owner or their insurance, so choose a seller with a big online reputation who will happily make a full refund to you rather than risk his reputation with your negative feedback, you need leverage for a good quick outcome, don't choose someone with nothing to lose.

[GenevaFan]

Originally Posted by Erson

I've talk to AD they said it is dangerous to buy Preowned Patek watch.



He tell story to me that if you buy Preowned Patek watch, and it isnt you the name on certificate, for example the name on the certificate is MR. A. Then MR. A watch was stolen in their home including the certificate. Then the people who stole the watch, name MR. B sell the Patek watch to me.Then MR. B dissapear and cannot be contacted. Later when I service the watch to Patek. Patek said this is MR. A watch, MR. A make a report of stolen watch in their home, it has a proof from CCTV. Then Patek Stole my watch??



Im serious if this true this is insane.



The people who buy preowned watch doesnt know the real story of the watch!

Great news from Patek! I applaud their policy.

Sent from my LM-Q710.FGN using Tapatalk

[MrWeha]

Originally Posted by GenevaFan

Great news from Patek! I applaud their policy.

That's not Patek's policy but simply the law in most civilized countries: you can't obtain lawful ownership of stolen goods.

[watchucallit]

I Know with AP you can call a boutique and give them the serial number and they can determine if it was reported stolen.

Originally Posted by Erson

how to check the certificate is this stolen or not?
How to change the certificate name?

[Tools]

Originally Posted by Erson

Patek steal our watch even the certificate paper is with us?

What if we have the payment receipt from MR.B?

Is there any case that happened to our member here in patek forums?

You and your Dealer are going off track.

Patek does not require your name to be on a certificate, and another name there does not "prove" that the watch belongs to them and not you.

The original owner can sell any watch to anybody else, including you. It is not a crime, and nobody can take it away from you and give to another person.

Now, if the watch is truly stolen, and the original owner has proven that it was stolen by submitting the proper investigation paperwork; this watch still belongs to him.

Many companies are required to return stolen goods to the rightful owner if they recover then. Recovering stolen goods from you is not a crime, nor do you get your money back unless you can get it from whoever you purchased the stolen goods from.

The original theft is a crime; purchasing stolen goods is a crime; Patek recovering those goods for the original owner is not a crime.

[PPcollector]

The thread should be "Patek will RETURN your stolen watch"

Imagine if you are on vacation and someone swiped your 5711 from your wrist. You report the theft to the police but they cannot do anything about it except to file a report. You report to Patek that your watch is stolen and it is registered under their database as stolen...YEARS go by and you receive a mail or phone call from Patek that they have located your watch because someone sent it in for service. Would you at that point tell them to GIVE IT to the person who sent it in for service?? What sane individual doesn't want their OWN watch back?
Basically, if buying used...from anyone...caveat emptor. Check with Patek that the watch is not registered as stolen. That extra step will surely save you tens of thousands....

Here is a site that will check stolen watches...but it is a paid search: https://www.thewatchregister.com/

https://www.cnn.com/style/article/th...eft/index.html

https://www.nytimes.com/2018/02/16/s...egistries.html

https://www.hodinkee.com/articles/th...rs-law-enforce

[thomaspp]

Lol


Sent from my iPhone using Tapatalk

[77T]

Originally Posted by Erson

Patek steal our watch even the certificate paper is with us?

What if we have the payment receipt from MR.B?

Are you unaware of the laws in your country?

Indonesia has some of the strongest prohibitions against stealing, and in dealing stolen goods.

It doesn’t matter if it’s Patek or a Ford pickup truck - once it’s stolen and you’re caught with it, then you lose the item back to the original owner (or his insurance company if they paid a claim to that owner).

Do not blame Patek for catching you with the stolen watch no matter how you obtained it.


Sent from my iPhone using Tapatalk Pro

[Erson]

Originally Posted by watchucallit

I Know with AP you can call a boutique and give them the serial number and they can determine if it was reported stolen.

okay thank you for the reply, so i assume it is the same with patek?

[Passionata]

Originally Posted by Erson

okay thank you for the reply, so i assume it is the same with patek?

Definitely not and TBH it isn t a good practice to give such information over the phone ,if someone brings the watch in person then the chances to be able to get confiscated are much better.

[Calatrava r]

And, always pay a fair price for a used watch and keep your receipt. A deal too good or insanely low, could subject you to criminal inquiry over receipt of stolen goods. Always buy the seller and its best to know there is a paper trail back to the original owner on newer stuff which responsible sellers have checked out. If you are not known in the re-sale industry, if it not so easy to sell a recent Patek if you cannot show receipts how you came to own it, if your name is not on the COO. Luckily, it is rare full kits are stolen. Most people keep the papers separate.

Oh, and Patek would never steal "your" watch. You have no title to stolen property which remains with the rightful owner.

[James444]

[QUOTE=Erson;10192771]okay thank you for the reply, so i assume it is the same with patek?[/QUOTE

After i read ur post i made a registration on their website, i bought a Pp 5960 from the grey although the cert is not under my name i still made a registration. I think its safer to make a registration under ur name on their website on the owner registration page. Today i just received the patek magazine they sent me atleast now i know mine was not reported stolen on pp data base

[eco8gator]

Request an archive extract... I don't think the will issue one to you if there is an issue....

[Erson]

[QUOTE=James444;10259231]

Originally Posted by Erson

okay thank you for the reply, so i assume it is the same with patek?[/QUOTE

After i read ur post i made a registration on their website, i bought a Pp 5960 from the grey although the cert is not under my name i still made a registration. I think its safer to make a registration under ur name on their website on the owner registration page. Today i just received the patek magazine they sent me atleast now i know mine was not reported stolen on pp data base

Tq for the reply. I just register also. How come we know that it was not reported stolen on PP data base?

Its said: it took 6 weeks to verify the data details.

Which mean i should wait for 6 weeks?

What patek will do if they found a stolen watch?

[Erson]

Originally Posted by benlee

That's why if you buy pre-own watch, always buy from someone you trust or from a reputable pre-own watch dealer. This doesn't only apply to Patek. To other brands as well.

Even the preowned watch dealer doesnt know the true story of the watch.

Lets say from Mr A to Mr B to Mr C and to the preowned watch dealer.

Preowned watch dealer only check if it authentic or not. They have so many watch brand inside. I think they dont check the history each of their watch.

They doesnt know the history Mr A or Mr B

[subtona]

Evidence of your watch being stolen w cctv video that is clear with supporting police report from time of theft clearly identifying the serial number... yes Patek could understand Patek seizing the watch.

[Russell996]

Originally Posted by Erson

Even the preowned watch dealer doesnt know the true story of the watch.

Lets say from Mr A to Mr B to Mr C and to the preowned watch dealer.

Preowned watch dealer only check if it authentic or not. They have so many watch brand inside. I think they dont check the history each of their watch.

They doesnt know the history Mr A or Mr B

If there is any concern always buy from a reputable dealer as they will stand behind the deal and give you your money back.

[Grace]

Good job Patek. They are doing the right thing and I hope they will continue to do so!

[subtona]

Originally Posted by Russell996

If there is any concern always buy from a reputable dealer as they will stand behind the deal and give you your money back.

This is very difficult to know?

“Hi Mr Gray, just brought the watch you sold me 5 years ago in for service, it was seized by Patek as stolen... not from the guy you bought it from but the guy before him .. would you please refund me the 50k from 2015 ASAP.
Thanks”

[Russell996]

Originally Posted by subtona

This is very difficult to know?

“Hi Mr Gray, just brought the watch you sold me 5 years ago in for service, it was seized by Patek as stolen... not from the guy you bought it from but the guy before him .. would you please refund me the 50k from 2015 ASAP.
Thanks”

There is no time limit on standing behind a refunds policy for stolen goods.

[Pim]

Originally Posted by subtona

This is very difficult to know?

“Hi Mr Gray, just brought the watch you sold me 5 years ago in for service, it was seized by Patek as stolen... not from the guy you bought it from but the guy before him .. would you please refund me the 50k from 2015 ASAP.
Thanks”

Guys like Roman Sharf (Luxury Bazar) pride themself on doing exactly that. He makes sure he buys watches of trusted sellers and stands by his watches all the way.

Now, having said that... I haven't seen it happen in real life so, claiming something isn't actually doing it, i know