Rolex resurfaced after been stolen.

[Zedrider]

I’m sure that in the UK naively purchasing a stolen item in good faith is no excuse and the buyer will forfeit the stolen property.
It makes most genuine buyers think twice before they part with their cash.

[drblowfin]

Originally Posted by Zedrider

I’m sure that in the UK naively purchasing a stolen item in good faith is no excuse and the buyer will forfeit the stolen property.
It makes most genuine buyers think twice before they part with their cash.

100% correct. You would be obliged to return to owner and get recourse from the seller.

This is precisely the reason why most people have genuine reason to be cautious when buying a watch with no documents from random sellers.

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[Burlington]

Hopefully we will get more than one post from the OP

Does a police report actually prove anything here ?

[EndlessEight]

All this talk about the secondary buyer having legal rights to ownership is mind boggling.

[RJRJRJ]

Originally Posted by EndlessEight

All this talk about the secondary buyer having legal rights to ownership is mind boggling.

You would have to determine whether or not the watch was actually stolen before making this claim. Put yourself in the position of the police or the courts.

[Seddyspaghetti]

This thread is quite interesting but i call fake news until OP responds or provides more details at least.

[Hollie_Rollie]

Originally Posted by Seddyspaghetti

This thread is quite interesting but i call fake news until OP responds or provides more details at least.

Agreed

[Aterth]

I did not know Rolex could help with stolen watch.

[alwaysontime0]

Dang that’s tough, hope it gets back to the original seller but also hoping no one else got ripped off along the way.. best of luck!


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[kizerman]

In the US, not only does the second owner not have any rights to the watch, they are also guilty of being in possession of stolen property.

[GMT Aviator]

If the watch is indeed reported as stolen with collaborating police report, then Rolex will have to hand it to the police and the matter is dealt with from there.
This is normal procedure. Rolex will not ask you to come to an agreement with the other party. That’s just an insane proposition and illegal. If someone at RSC has suggested this then they have made a mistake. Rolex are not kingmakers in these cases.
I have experience of this first hand with RSC.

[CashGap]

I nominate this thread as "Highest Noise To Signal Thread of 2021".

I can't imagine the ratio of misinformation to information ever increasing!

[28mm]

Originally Posted by EndlessEight

All this talk about the secondary buyer having legal rights to ownership is mind boggling.

Luckily I did!

Years ago I purchased a GT3 from a local seller. Months later, a lawyer literally showed up at my house and asked to speak to me about the car. He had been hired by the original owner.

Turns out the guy who bought the car, somehow scammed the seller.

So I was in possession of a 'stolen' car.

The lawyer made it clear that the seller was not going after me but wanted any information I had to help them go after him.

Needless to say, I was very nervous to be having a discussion like this without a lawyer but in the end, true to his word they came hard against the guy I bought it from and he was arrested and put on a payment plan for a very long time to pay it back.

Different states far from each other by the way.

I was surprised they didn't go after me to try to get the car back. I became friendly with the original owner who was a super cool guy.

If the shoe were on the other foot, I don't think I would have handled it that well.

Good luck with your watch. Lots of good insight in this thread.

[Lol-x]

‘Nemo dat quod non habet’ means ‘no one can give what they do not have’. This is commonly referred to as the Nemo Dat Rule. Nemo Dat is the legal principle that a person who acquires goods otherwise than from the true owner cannot give a superior title to others in priority to and superior to the true owner's title.

There are some exceptions to this where the true owner has by his conduct given rise to the relinquishment of his rights for priority.

In other words go and see a good lawyer who understands this area of law properly.

[ratty]

Originally Posted by pmac80

Hello everyone, my stolen Rolex resurfaced recently but Rolex won't give it back. They state I have to come to an agreement with a second party that is also claiming ownership. At this point I am the only one that holds a title, a police report and a proof of purchase; while the other party only claims they did not know it was stolen at the time they purchased.

As of now, there is no collaboration from the other party and legal action seems like the last resort. Can anyone offer advice or other avenues to recover my watch?

Thank you,

P

Was the watch insured at the time of the theft and, if so, did you receive an insurance pay out for the watch?

[duncand111]

I will say it shouldn't be difficult to recover since you have all proof, go legal your only option.

[sgwatchguy]

OP is missed. Need more answers to all the questions raised in this thread.

[VintageVagabound]

The scariest part is for anybody that has ever bought a watch from somebody other than the AD. It is so ridiculously easy to unknowingly buy a “hot” watch from even a trusted seller, who would have no idea themselves. Each hand will try and pass the buck onto somebody else and ultimately the buyer of the $15,000 watch is going to be screwed because nobody is going to cough up the cash and they’ll be out of a watch.

[HogwldFLTR]

Originally Posted by pmac80

Hello everyone, my stolen Rolex resurfaced recently but Rolex won't give it back. They state I have to come to an agreement with a second party that is also claiming ownership. At this point I am the only one that holds a title, a police report and a proof of purchase; while the other party only claims they did not know it was stolen at the time they purchased.

As of now, there is no collaboration from the other party and legal action seems like the last resort. Can anyone offer advice or other avenues to recover my watch?

Thank you,

P

No further response from the OP is more than suspicious to me. Why begin a thread apparently to ask for help and not further participate. I hope they prove my pessimistic perception incorrect.

[kbpop123]

OP has not clarified any points raised.
OP's - first post too, interesting question, but......

[whatsthetime?]

Can't believe all of you fell for it.

[Jpccarguy]

Originally Posted by whatsthetime?

Can't believe all of you fell for it.

But I find the discussion interesting, from a practical & legal aspect. Thanks for all the thought-provoking comments made so far. As far as the OP, who knows?

[teabags001]

Following. I hope you get your watch back


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[CashGap]

I am NOT an attorney, I have wasted MANY years that should've been spent in law school.

Instead, thanks, I have had many delicious evenings silently arguing to myself!!!

[ce027772]

Originally Posted by CashGap

I am NOT an attorney, I have wasted MANY years that should've been spent in law school.

Instead, thanks, I have had many delicious evenings silently arguing to myself!!!

Many attorneys actually think the other way around

[ce027772]

Originally Posted by pmac80

Hello everyone, my stolen Rolex resurfaced recently but Rolex won't give it back. They state I have to come to an agreement with a second party that is also claiming ownership. At this point I am the only one that holds a title, a police report and a proof of purchase; while the other party only claims they did not know it was stolen at the time they purchased.

As of now, there is no collaboration from the other party and legal action seems like the last resort. Can anyone offer advice or other avenues to recover my watch?

Thank you,

P

Sorry that this happened to you. If you are asking for legal advice, only an attorney licensed in your state/jurisdiction is authorized to give you legal advice. Otherwise it might be unauthorized practice of law, even if the advice is free. This is a legal issue and should be answered by a licensed lawyer.

[Andad]

Originally Posted by ce027772

Sorry that this happened to you. If you are asking for legal advice, only an attorney licensed in your state/jurisdiction is authorized to give you legal advice. Otherwise it might be unauthorized practice of law, even if the advice is free. This is a legal issue and should be answered by a licensed lawyer.

Do I take this as legal advice?

[ce027772]

Originally Posted by Andad

Do I take this as legal advice?

No, you should take it as advice to seek legal advice if you have a legal issue.

[Andad]

Originally Posted by ce027772

No, you should take it as advice to seek legal advice if you have a legal issue.

I suppose if I am not a lawyer I can only give .... advice.

Or ask Steve.

[RJRJRJ]

Originally Posted by Andad

Do I take this as legal advice?