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Old 18 June 2021, 02:26 AM   #1
fullofboats
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Join Date: Apr 2019
Location: Hong Kong
Posts: 528
Sotheby's Reneged on a Winning Rolex Bid

Dear TRF,

I need some advice on next steps.

I recently won an auction for a Rolex at a Sotheby's live auction. I subsequently paid the invoice in full with Sotheby's confirming receipt of payment. I then subsequently paid for Sotheby's shipping in full and received confirmation that my property was in queue to be shipped and that I would receive a tracking number shortly.

Three days later still no tracking number so I followed up with Sotheby's and was told that "Sotheby's is no longer able to honor this sale."

I believe that legally the watch is already my property as I won the auction and made full payment. I would not be satisfied with a refund as my winning bid is significantly below the cost to purchase a similar watch in the market. Anyone hear of a similar experience with an auction house? Any lawyer in NY that anyone can recommend that is familiar with auction law, etc?

Thanks
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