How Do You Sell A Stolen Rolex

[SammyPops]

Online. Sell them at a 30% discount. Most luxury watches are bought online already. I've bought a dozen watches online easily. Most from private sellers. Never occurred to me that any of them might be stolen.

Wouldn't Rolex be looking for that, buy one themselves and then inform law enforcement?

We're not talking about a single Airking here. Its a lot of watches.

 

[SammyPops]

I agree in principal but nowadays you can get them on finance very easily. That's how people work their way up the models. Start with a fairly inexpensive DateJust, pay it off over 2 years by which time the value of the watch has increased then part exchange it for a more expensive model on finance and pay off the balance, repeat until you have a £30,000 Daytona which, is still on finance.

Unless you're a multi-millionaire or billionaire most of what you see on Instagram like watches, cars, boats, luxury apartments etc... is all just on finance because its so easy to get. I know a Forex Trader that literally buys used and empty Louis Vuitton boxes and empty bottles of Creed and Tom Ford so he can place them around his place and give the illusion that hes making way more from trading than he actually does on social media.

Not sure if datejust/ airking, ops value goes up. I can go to my local grey dealer and find a lot of used entry level watches discounted.

Hard to find sport watches do for sure.

 

[Iroh]

Ask someone for the time on the street. If they don't know, ask if they want to buy a rolex.

Problen is they probably know the time.

 

[MuayThaiSteve79]

Not sure if datejust/ airking, ops value goes up. I can go to my local grey dealer and find a lot of used entry level watches discounted.

Hard to find sport watches do for sure.

More common DJ's will increase over time, more sought after versions of it like The Wimbledon will increase in value quite a lot as will Submariners like The Hulk. 4-5 years ago a Hulk from an independent dealer would set you back around £8-9000 today they sell for closer to £15,000. It will depend on how hard they are to find and how many were made of course, like the Supreme Submariner of which there were only 20 customised in 2013 and these will sell for £50,000 so over 5x the price of a standard 114060 Submariner model which is identical in every way other than the 'FUCK EM' text addition and he logo on the back casing.

I tend to look at watches like an investment that holds or increases its value over time, rather than a car that depreciates in value the second you drive it off of the forecourt.

 

[evergreenrider]

People buy stolen goods all the time, specially when they are dirt cheap, they just choose to look the other way.

Bingo. Back when I was a teenager, I had access to many many cartons of cigarettes at a deeply discounted price. God fearing, never committed a crime in their lives folks would buy them all day long no questions asked.

 

[minute bull]

Bad cops bad cops, what cha own do? Whatcha own do when they fail on you? Bad cops bad cops.

 

[POWER2]

Wouldn't Rolex be looking for that, buy one themselves and then inform law enforcement?

We're not talking about a single Airking here. Its a lot of watches.

I guess. But, in 15 years I've never seen a single person get booted from a watch selling/exchange forum for selling stolen goods. And let's not even talk about eBay. I've personally filed complaints about items that were clearly counterfeit and being sold at retail and they did nothing.

The real issue that you can pretty much hide your identity during a sale. The only thing a seller is really worried about is that the buyer will post negative feedback on a watch forum where sales are allowed, which in turn leads to a block on their IP address an email. If you have 20-100 sales on record on one of these forums you don't want to start over. It's much easier to sell with buyer history.

I guess for the number of watches involved, Rolex could issue a list of serial numbers and models to all the watch forums, but most of the luxury watch companies hate most of the forums because they consider the grey market distasteful/trashy, (which is code for if they buy from you they get what they want but if they go to store I might make them buy 2 airkings before i let them buy that limited edition rose gold GMT master they really want) so the relationship is not good.

 

[Lonestone123]

So how about this scenario, you sell a stolen rolex to a pawnshop before the watch is reported as stolen. What happens next?

 

[MichiganMMA1978]

So how about this scenario, you sell a stolen rolex to a pawnshop before the watch is reported as stolen. What happens next?

Did you start an account just to necro this thread?

 

[Lonestone123]

Did you start an account just to necro this thread?

Honestly I'm not sure what that means. But no I legitimately had the question that I had. I know if the watch is already reported stolen and you try to sell it I know what happens but what if you sell it before it gets reported stolen and then it doesn't get reported until days, weeks, months later?

 

[Lonestone123]

Honestly I'm not sure what that means. But no I legitimately had the question that I had. I know if the watch is already reported stolen and you try to sell it I know what happens but what if you sell it before it gets reported stolen and then it doesn't get reported until days, weeks, months later?

Also I've never been on this forum before or any forums besides reddit but I don't ask questions on there due to the toxicity.

 

[Belaya Smert]

Juts DM me. Looking for a Blue Dial Sub or a White Daytona. Holler

 

[Smokes]

Honestly I'm not sure what that means. But no I legitimately had the question that I had. I know if the watch is already reported stolen and you try to sell it I know what happens but what if you sell it before it gets reported stolen and then it doesn't get reported until days, weeks, months later?

Pawn shops will record who the bought it from, and plus they are required to keep high price items for 30days before being sold to anyone.