In today's news...buyer places too much confidence in seller

[subtona]

Not sure what side of the TRF line this falls on but find it interesting.

[eltonbalch]

Wow!!! As a long time (former) poster on Timezone, I'd find this difficult to believe, but I suppose it's possible. James always seemed like a reliable source and straight up guy. I'll be really curious to see where this goes, so thanks for posting it!

[Chronocrass]

A Google search turned up nothing.

What, pray tell, is a Tektite GEV?

[Onikage]

Originally Posted by Chronocrass

A Google search turned up nothing.

What, pray tell, is a Tektite GEV?

I had to Google it too. The best I could come up with was this -
http://www.watchprosite.com/?page=wf...438&pi=4290248

[The_Walrus]

Originally Posted by Chronocrass

A Google search turned up nothing.

What, pray tell, is a Tektite GEV?

You can find a discription of the Tektite Sea Dweller over at VRF.
5 known to exists. Used in saturation dives in 69/70.
Very unique single red SD. Tektite was the name of the exploration.

[Clay]

Interesting...

[Daryl]

Interesting

Sent from my Nexus 6P using Tapatalk

[Onikage]

To be fair they seem to be 'name your price' pieces so could well be described as overpriced.

[damcv62]

Originally Posted by Onikage

To be fair they seem to be 'name your price' pieces so could well be described as overpriced.

Couldn't agree more. I mean if they are fake that's a different story, but if I have something for sale and I list it for X, if someone buys it for X then it was worth that to them. Might have been over priced, might have been under priced. Figure something like that is common sense.

[mps354]

I think it's a function of the huge surge in vintage popularity. Too few buyers actually take the time to learn about the pieces they are going after. I respect vintage pieces and love the look, but I stay away because I don't have nearly enough knowledge

[GB-man]

Originally Posted by mps354

I think it's a function of the huge surge in vintage popularity. Too few buyers actually take the time to learn about the pieces they are going after. I respect vintage pieces and love the look, but I stay away because I don't have nearly enough knowledge

Sadly same here.

[masyv6]

Originally Posted by mps354

I think it's a function of the huge surge in vintage popularity. Too few buyers actually take the time to learn about the pieces they are going after. I respect vintage pieces and love the look, but I stay away because I don't have nearly enough knowledge

The only way I'd buy a vintage piece was if I knew absolutely everything about it. Too many frankenwatches out there to pay some of the premiums that vintage watches can carry.

Easy to get taken for a ride when you don't really know what you're buying and decide to just trust what you're told you're buying.

[eco8gator]

So a guy with 4 billion is trying to sell less than 1 million in watches...isn't that a waste of his time?

Something seems weird here...

Not sureally what's in this guy's collection but wouldn't modern super complicated Patek from a AD be a safer bet?

I have one of the JD reference books and it's really nice. I hope this pans out in JD favor.

[MonBK]

Originally Posted by eco8gator

So a guy with 4 billion is trying to sell less than 1 million in watches...isn't that a waste of his time?

Something seems weird here...

Not sureally what's in this guy's collection but wouldn't modern super complicated Patek from a AD be a safer bet?

I have one of the JD reference books and it's really nice. I hope this pans out in JD favor.

I certainly do as well and don't believe that newspaper story.

In my book James is a friend and a gentleman.

[anothernewphone]

Originally Posted by eco8gator

So a guy with 4 billion is trying to sell less than 1 million in watches...isn't that a waste of his time?

The article clears states that he made 325 million from the sale.

[Sublovin]

Originally Posted by eco8gator

So a guy with 4 billion is trying to sell less than 1 million in watches...isn't that a waste of his time?

Something seems weird here...

Not sureally what's in this guy's collection but wouldn't modern super complicated Patek from a AD be a safer bet?

I have one of the JD reference books and it's really nice. I hope this pans out in JD favor.

With all due respect, comments like this always crack me up. First of all...it says he made $325 million in the $4.1B sale. It does say he is a billionaire, but so what? Are people that disconnected from reality? Have you ever met a billionaire? I know one rather well, and I can tell you that he doesn't wipe himself with $100 bills.
$700,000 is a lot of money, even to some billionaires.

In other related news...this just in...vintage Rolex are ALL overpriced and finding an honest example of a desirable model at a bargain price is like trying to find a needle in a haystack.

[PSG1 Nut]

Originally Posted by eco8gator

So a guy with 4 billion is trying to sell less than 1 million in watches...isn't that a waste of his time?

Something seems weird here...

Not sureally what's in this guy's collection but wouldn't modern super complicated Patek from a AD be a safer bet?

I have one of the JD reference books and it's really nice. I hope this pans out in JD favor.

Wrong. His percentage of the 4.1B was 321m.

[colpol]

I did a Google search & found the article on the 5th hit from top

Have to say - I'd be astounded if any truth to it based on jd's reputation

[dera]

Can you really sue someone for selling overpriced vintage watches? That would put the whole vintage market at risk...

[Mr. K]

I too will side with James on this. I could be wrong but hope I'm not.

[psv]

When did Dowling stop being a moderator on TZ?

[MonBK]

Originally Posted by psv

When did Dowling stop being a moderator on TZ?

Wasn't it when Larry stepped in?

[diracpoint]

Originally Posted by MonBK

Wasn't it when Larry stepped in?

Larry stepped in when CharlesN left, back in 2011/2012-ish.

[eltonbalch]

Originally Posted by psv

When did Dowling stop being a moderator on TZ?

It appears his last post on TZ was Septemer of last year and he hasn't posted since then as best I can determine. Up to that point he was posting several times a week and then just stopped. I don't know when he stopped being a moderator. It just seems odd to me; he is a well known and respected Rolex authority so I don't understand the sudden disconnect.

[diracpoint]

Originally Posted by eltonbalch

It appears his last post on TZ was Septemer of last year and he hasn't posted since then as best I can determine. Up to that point he was posting several times a week and then just stopped. I don't know when he stopped being a moderator. It just seems odd to me; he is a well known and respected Rolex authority so I don't understand the sudden disconnect.

He stopped being mod on July 1 2016, at least that was when the news was posted on TZ Rolex forum

http://forums.timezone.com/index.php...=0#msg_7295349

[Ragna]

The story does not need to be true.

The damage is already done do the seller. Imagine how many people is calling the guy right now worried about their recent purchases.

All other on going negotiations put on hold because of that.

Seller should be compensated cause of this. With a lot of money.


We should hear all sides. But first note this: Any accusation without evidence is already a crime.

[JP Chestnut]

Originally Posted by eltonbalch

It appears his last post on TZ was Septemer of last year and he hasn't posted since then as best I can determine. Up to that point he was posting several times a week and then just stopped. I don't know when he stopped being a moderator. It just seems odd to me; he is a well known and respected Rolex authority so I don't understand the sudden disconnect.

Maybe he got tired of the aol v1 look of the forum?

[Wcdhtwn]

A fool and his money were lucky to get together in the first place.

- Gordon Gekko

[Frogman4me]

Overpriced and counterfeit are two totally different things. Come on with such a wild accusation what are the facts, show me pics of the watches and who said they were overpriced or counterfeit. A dealer can get sued now because someone overpaid?
A 6538 for 90k is a bargain if it's legit! If you are getting into this hobby learn before you buy, some people have too much money but no common sense.

[Wesley Crusher]

Originally Posted by Frogman4me

Overpriced and counterfeit are two totally different things. Come on with such a wild accusation what are the facts, show me pics of the watches and who said they were overpriced or counterfeit. A dealer can get sued now because someone overpaid?
A 6538 for 90k is a bargain if it's legit! If you are getting into this hobby learn before you buy, some people have too much money but no common sense.

Agreed. This story makes no sense.