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November 26, 2019
Word is beginning to spread that buyers of certain luxury steel sports watches have unwittingly entered into a sacred pact with certain brands. The pact is this: if you are eventually selected off an unimaginably long wait list you may buy a watch that isn't supplied in great enough numbers. But you may not sell it. If you do, you will be prohibited from buying that brand again. The brand will drop the ban hammer.
In an article published Nov 24, 2019 in GQ an anonymous author states that after having quickly sold his Patek Philippe Aquanaut 5167 for a tidy profit, "Patek Philippe knows that it is not [his] anymore. They found out and [he is] not sure how. [His] name could be potentially circulated among other Patek ADs, [he is] told. The AD (who [he] had a great relationship with) will no longer offer [him] 'hard to buy watches'."
And from Watchpro we have: "people that do manage to buy an investment-grade watch and flip it for a profit are being hunted down and blacklisted by brands, retailers and sometimes both. Serial numbers can be traced back to an authorized dealer that sold a watch that was then flipped. The customer can be identified and, `They will never get a watch from us again,' Mr Seddiqi revealed." Mr. Seddiqi operates one of the most significant watch retail stores in Dubai.
https://www.horolonomics.com/2019/11/th ... zKSaHMZOOk
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