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One of the Stranger Things About This . . .
In Response To: Re: "Custom Made" Watch, with "Later" / "Upgraded" Movement ()

One of the stranger things about this whole mess is that Antiquorum made approx. $767 in total commissions on this sale, adding up the buyer's premium and the seller's commission. In an auction that was supposed to have $20M of watches being sold, why would they risk the damage to their reputation for a stinkin' $767?

In the end, the $20M of watches actually sold for something like $13M, so maybe they were scraping for every last penny. Still, you have to wonder whether the reputational damage was worth the $767, in this instance.

My conclusion -- yes, they were crooks / dishonest / unethical to have sold this lot, knowing what they knew at the time. And the phrase "Custom Made" does not give them much cover at all. I suspect that there is more scrutiny and more knowledge about the higher price pieces (Patek, Rolex, etc.) . . . but this fake Heuer was just "filler" . . . being sold early in the first round, just to have another lot to add to the list. It would be better for everyone if they would leave this garbage for ebay, where we expect to see these sorts of pieces.

Won't it be fun if the lucky guy who won this one hits Google with the phrase "Heuer Index Mobile" and sees the discussions we have been having!!

Jeff

August 15, 2008 / Lot 39

Swiss Francs

U. S. Dollars

"Hammer" Price

2,600 CHF

2,190 USD

Buyers Premium

520 CHF

438 USD

Total Cost to Buyer

3,120 CHF

2,628 USD

Seller's Commission

390 CHF

329 USD

Net Proceeds to Seller

2,210 CHF

1,861 USD

Premium and Commissions to Antiquorum

910 CHF

767 USD

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

: Jeff,
: I got this problem......................why in the hell can't you
: and Sam call the crooks what they are? Dishonest, liars and
: thieves. The powers that be at
: Antiquorum know about this little problem and have failed to do
: anything about it. They have the facts and still they call it a
: "custom".
: Pure crap! Its a fake, pure and simple, and, it puts everything
: they do into question. When you change the
: dial/movement/case/back you are turning it
: into a "custom" or "project watch" or anything
: else you can cook up. Its a "Frankenwatch" pure and
: simple. A smartass you know well told recently that
: "custom" can mean anything you want it to. Wize guy, huh?
: Great research Jeff and we thank you for it.
: jim

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