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Difficult to Figure Out -- One Watch, Multiple AQ Sales

When we see the same watch, being sold by Antiquorum in more than one sale, it seems to me that either:

  • the first sale was not legitimate, meaning that the watch did not go to a legitimate new purchaser [perhaps because the winner was a shill for the seller or somehow the watch was not sold], or
  • Antiquorum has a system of contacting its successful purchasers, to see whether they might later be ready to sell a watch they have purchased. So, for example, the person who purchased the Seafarer in October 2010, might be ready to sell it in 2014. [In a Twitter posting addressing this issue, Hodinkee responded that "an auction house's dream client is one who buys and sells every other auction. They breed that type of collector."]
I don't have any other good explanation as to why we see some watches being sold by Antiquorum in multiple auctions. I don't believe that Antiquorum itself owns any of these watches, so if there are shenanigans, it is by the so-called seller who has not really sold the watch in the earlier auction.

Perhaps others have suggestions?

Jeff

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: wouldn't you have to pay the buyer's premium? - if not that would
: imply antiquorum is in on the scam.

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