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Omega Male

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Interesting and tragic story:

Stopped by my AD today to put my name down on the “list” for the 6711 (unconfirmed reference number). Sadly, they’re losing Patek and now I’ll likely not get one - ever - unless I want to drop $100,000 or more with another Patek dealer or pay close to that for a secondary market Nautilus (will do neither).

Now... How’d they lose the account? That’s the real story. While monitoring secondary markets, as Patek and Rolex always do, Patek spotted a desirable Nautilus reference on a grey market dealer’a website. They traced the certificate and found out that my AD sold it to a customer days before. In other words, they caught a fucking flipper loser fuck, and now my AD is fucked, and my Patek expansion dreams along with it. I fucking hate flippers.
That seems very harsh if it's a first strike for the AD. Are they now expected to due diligence every buyer? And how do you reliably screen out potential flippers anyway?
 
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te0o

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What's the general opinion on the Longines Conquest Heritage? Looks very stylish with an alligator strap (and also quite affordable) as a more dressy option.
 

an draoi

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Interesting and tragic story:

Stopped by my AD today to put my name down on the “list” for the 6711 (unconfirmed reference number). Sadly, they’re losing Patek and now I’ll likely not get one - ever - unless I want to drop $100,000 or more with another Patek dealer or pay close to that for a secondary market Nautilus (will do neither).

Now... How’d they lose the account? That’s the real story. While monitoring secondary markets, as Patek and Rolex always do, Patek spotted a desirable Nautilus reference on a grey market dealer’a website. They traced the certificate and found out that my AD sold it to a customer days before. In other words, they caught a fucking flipper loser fuck, and now my AD is fucked, and my Patek expansion dreams along with it. I fucking hate flippers.
This story has set my tinnitus off again.
 

dauster

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Interesting and tragic story:

Stopped by my AD today to put my name down on the “list” for the 6711 (unconfirmed reference number). Sadly, they’re losing Patek and now I’ll likely not get one - ever - unless I want to drop $100,000 or more with another Patek dealer or pay close to that for a secondary market Nautilus (will do neither).

Now... How’d they lose the account? That’s the real story. While monitoring secondary markets, as Patek and Rolex always do, Patek spotted a desirable Nautilus reference on a grey market dealer’a website. They traced the certificate and found out that my AD sold it to a customer days before. In other words, they caught a fucking flipper loser fuck, and now my AD is fucked, and my Patek expansion dreams along with it. I fucking hate flippers.
I would reach out to patek (if you have a solid purchase history) - I have heard that some people got help when they lost their relationship due to AD losing status. I assume it needs to be more than a few pieces. But terrible situation - curious which AD it was - PM me please.
 

dauster

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so the AD did their job and sold a watch and patek didn't like what that customer did with their property? ok!
well I think it's good that PP does something, even though not enough. the watches should go to someone who appreciates them and wants to wear them and no to flip - just my opinion your point of view is somewhat valid of course but in the crazy world of watches I dont want that to happen.
 

George Red

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That seems very harsh if it's a first strike for the AD. Are they now expected to due diligence every buyer? And how do you reliably screen out potential flippers anyway?
Exactly. Losing Patek as an AD - any AD - is a tremendously consequential loss. These people are going to struggle to make that revenue up elsewhere. Guess I’m going to have to buy a lot more Jaeger.
 

George Red

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I would reach out to patek (if you have a solid purchase history) - I have heard that some people got help when they lost their relationship due to AD losing status. I assume it needs to be more than a few pieces. But terrible situation - curious which AD it was - PM me please.
I may reach out to Patek. That’s not a bad idea.
 

double00

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well I think it's good that PP does something, even though not enough. the watches should go to someone who appreciates them and wants to wear them and no to flip - just my opinion your point of view is somewhat valid of course but in the crazy world of watches I dont want that to happen.
haha ok well what if instead the customer mothballed that piece in a safe for 40 years? not to argue just trying to corner the notion
 
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dauster

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haha ok well what if instead the customer mothballed that piece in a safe for 40 years?
nobody can control that of course. but to be fair everyone knows there is a high chance of getting backlisted and Ad might lose status if people flip hot models, especially the hottest watch on the planet 5711. I wish the would do way more about flippers but I feel this debate has been discussed so often that I dont want to repeat it.

In the real world I agree with you :)
 

George Red

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nobody can control that of course. but to be fair everyone knows there is a high chance of getting backlisted and Ad might lose status if people flip hot models, especially the hottest watch on the planet 5711. I wish the would do way more about flippers but I feel this debate has been discussed so often that I dont want to repeat it.

In the real world I agree with you :)
I have a solution. Implant tracking devices and explosive micro-chips on all AD cards. The moment Patek spots a 5711 floating around a secondary market ONE DAY AFTER THE AD POINT OF SALE, they can detonate the watch. Whoever dies, dies.
 

dauster

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I have a solution. Implant tracking devices and explosive micro-chips on all AD cards. The moment Patek spots a 5711 floating around a secondary market ONE DAY AFTER THE AD POINT OF SALE, they can detonate the watch. Whoever dies, dies.
seems reasonable I like it :) hahahahahhah
 

Phileas Fogg

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They probably didn’t screen the client well enough. Who knows. I’ll confess I don’t understand the ins and outs of the AD/brand relationship that well.
 

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