Dino944
Distinguished Member
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- Dec 24, 2011
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I've never seen or heard of that with watches. Ferrari tried to combat flippers by making some of their supercars leases for the first either year or two. Now they have a sales contract that has a right of first refusal to the dealership. Violate the contract, and you name goes on the naughty list and the network of authorized dealerships will never sell you a car again.Do any ADs have a "no flipping" term for a set number of years in their contract of sale? It's quite common in the art world. I suppose it's easier to enforce with unique items.
One of my friends bought an AP a few years ago through a boutique in another region, sold it maybe after two years, and then maybe a year or two went by and went to buy another through a local boutique. He was made aware that they knew he sold one of their watches, and that although they will sell him this piece, if at some point he decides to sell it to notify them first. They didn't say what happens if he doesn't, but he took it to mean they probably won't sell him any more watches.
I also heard an interview with the head of AL&S, and he was saying they do check to see what ends up in gray stores or pre-owned shops. He did say, a really great customer ended up in financial difficulty and told them he would have to sell some of his watches to save his business. He told the owner they understood and appreciated his letting them know. He said maybe a year or two went by and he reached out that his business was good again and he wanted to resume the relationship they had and start to rebuild his collection. He said they were happy to reconnect and work with him again.