seamonster
·Respectable Members
Some fifty years ago, when the word 'vintage-watch' was exclusively reserved for the top-end Patek Philippe pocket and wrist-watches, I started collecting wrist-watches, then termed as 'used' or 'second-hand'. Today, an old watch of any brand-name is described as a 'vintage-watch'.
There were no literature, books or forums to guide me, unlike today, and I would pick up just any brand-name, as long as the dial and case of a watch look appealing to me. I knew nothing about movement or caliber number, a watch houses - even until today. I always gave preference to buying solid gold watches, not because of their gold content but because I tried to save them from the furnace of the gold-smiths, when the price of gold shot sky-high. The stainless-steel ones were safe and left untouched.
Even though, I held respectable jobs and I was well-paid, at times I had to beg and borrow money, in order to salvage some of the massive solid gold watches, surprisingly including Patek Philippe, Rolex and Omega watches, too. I had a countless number of these watches, some with and others without their factory-original bracelets.
Just for example, I can still remember, some time in 1982 a used Patek Philippe Moon-phase model reference 3448, with leather-band, was on offer for S$15 000.00 (approximately US$7 500.00, then) and there was no one interested in it. I borrowed some money to buy it, from one of the casual-dealers, who acquired the watch from a rich tin-miner, across the cause-way. All round me, I could hear friends saying, 'You die. How much only is the value of the gold content? You have been cheated by the dealer.' I could not careless, even though in truth, I realized not many people knew, Patek Philippe stands in a world of its own, leaving Audemars Piguet, Rolex, Omega and Longines, miles behind.
Just before leaving for Australia in 1986, an order I placed for a brand-new Patek Philippe Moon-phase model reference 3450Q, with leather-band, arrived. It came with a special plexi exhibition back plus its original 18k solid gold back-cover. It was only S$28 000.00 (approximately US$14 000.00, then). Since I had no money left on me and I was about to leave my mother-land, nobody wanted to lend me any money.
I approached my family-lawyer and he was shocked to learn of a watch with such a price-tag. He showed me a S$10.00 Casio watch on his wrist. On top of the unbelievably high price for a watch, he admitted he had never came across a watch, bearing the name of Patek Philippe but if Rolex or Omega, yes he knew about them. I forced him to trust me and just buy the watch and he would never regret. He gave me the cash and I put into my bank account and issued Patek Philippe Showroom and Service Center, a cheque for the full amount. I picked up the watch and straight-away surrendered it to my family-lawyer friend.
Each time, I revisited my mother-land, I discovered he did not wear the watch, since it is too big for his wrist. From 1986 till today, this watch is still hiding in his bank safe-deposit box. Of course, over the years he began to learn more about watches and he swore, he will never part with the Patek Philippe, I sold to him. He took a gamble and he won.
Here in Australia, I was doing very well and I added more broods to my collections, till a real estate agent, working for one of the most established and one of the oldest real estate agencies in Australia, tried to rob me, when I wanted to sell my home, due to poor business. I could not meet the monthly home-loan service. Instead of selling my home at an auction, he tried to sell the property to a 'phantom-buyer', at virtually land-value.
One by one of my beloved watches had to be sold to friends, with the promise I would buy them back, once my home was sold. For six months, this real estate agent had only one buyer - the phantom-buyer and no one else. I decided to give it to another agent and the new agent got me a buyer with a higher price but somehow or rather, the 1st agent had already built a good rapport with an asset realization officer of the finance company. The finance company realization officer refused to allow me to sell my property to the buyer who offered me a better price. I was given an ultimatum to sell the house to the phantom-buyer and use the 1st agent or he would execute a court judgement order against me and seize the property. I refused to accede to his request and a judgement was entered against me, forcing me to sell my property to the phantom-buyer through the 1st agent. Otherwise, a sheriff would come down to evict me, without further notice.
Somehow or rather, on the 11th hour, I managed to get the house refinanced albeit a at very high interest rate because, at one time when I told the first agent, if he could not get me a buyer with a descent price, I would refinance. Hardly a week after that, the finance company black-listed me with Baycorps. Ironically, the finance company did not black-list me and gave me time to sell, so as to pay-off the loan I had with them. There was no reason to black-list me, since I informed them that I would sell-off my home. For seven months, they did not black-list me, since I had the option to refinance and pay-off.
When giving to the agent my property to be auctioned, he asked me to sign two contracts, one fully filled-up and another in blank. The first contract showed his true appraisal of my home value, while the second set of contract was totally left blank with only my signatures on it. After I managed to refinance, I was willing to let sleeping dogs lie but the real estate agency demanded I pay for the auction advertising campaign costs. I refused and brought the matter to the office of Fair Trading and later heard by the Tribunal. During the Tribunal hearing, I brought to the attention of the member, the real estate agent falsified the auction agency contract. The real estate agent swore on oath, only one set of contract was ever issued. I have documentary evidence, two sets were signed by me.
Since I have been trampled, there is no money left for me to sue the agent and his real estate agency, I am now contemplating on selling the story, just to remind others to be wary, when dealing with some of the unscrupulous agents, mentioning his name and the agency name. Can he sue me for defamation, even though I have documentary evidence and circumstancial evidence that the agent did team-up with the asset realization officer of the finance company to rob me of my home, by forcing me to sell my property to a phantom-buyer, even though I had a buyer with a higher offer and also, I had a document that the agent's boss agreed to my selling the property to the buyer with a higher price. Please advise.
Thank-you.
Some fifty years ago, when the word 'vintage-watch' was exclusively reserved for the top-end Patek Philippe pocket and wrist-watches, I started collecting wrist-watches, then termed as 'used' or 'second-hand'. Today, an old watch of any brand-name is described as a 'vintage-watch'.
There were no literature, books or forums to guide me, unlike today, and I would pick up just any brand-name, as long as the dial and case of a watch look appealing to me. I knew nothing about movement or caliber number, a watch houses - even until today. I always gave preference to buying solid gold watches, not because of their gold content but because I tried to save them from the furnace of the gold-smiths, when the price of gold shot sky-high. The stainless-steel ones were safe and left untouched.
Even though, I held respectable jobs and I was well-paid, at times I had to beg and borrow money, in order to salvage some of the massive solid gold watches, surprisingly including Patek Philippe, Rolex and Omega watches, too. I had a countless number of these watches, some with and others without their factory-original bracelets.
Just for example, I can still remember, some time in 1982 a used Patek Philippe Moon-phase model reference 3448, with leather-band, was on offer for S$15 000.00 (approximately US$7 500.00, then) and there was no one interested in it. I borrowed some money to buy it, from one of the casual-dealers, who acquired the watch from a rich tin-miner, across the cause-way. All round me, I could hear friends saying, 'You die. How much only is the value of the gold content? You have been cheated by the dealer.' I could not careless, even though in truth, I realized not many people knew, Patek Philippe stands in a world of its own, leaving Audemars Piguet, Rolex, Omega and Longines, miles behind.
Just before leaving for Australia in 1986, an order I placed for a brand-new Patek Philippe Moon-phase model reference 3450Q, with leather-band, arrived. It came with a special plexi exhibition back plus its original 18k solid gold back-cover. It was only S$28 000.00 (approximately US$14 000.00, then). Since I had no money left on me and I was about to leave my mother-land, nobody wanted to lend me any money.
I approached my family-lawyer and he was shocked to learn of a watch with such a price-tag. He showed me a S$10.00 Casio watch on his wrist. On top of the unbelievably high price for a watch, he admitted he had never came across a watch, bearing the name of Patek Philippe but if Rolex or Omega, yes he knew about them. I forced him to trust me and just buy the watch and he would never regret. He gave me the cash and I put into my bank account and issued Patek Philippe Showroom and Service Center, a cheque for the full amount. I picked up the watch and straight-away surrendered it to my family-lawyer friend.
Each time, I revisited my mother-land, I discovered he did not wear the watch, since it is too big for his wrist. From 1986 till today, this watch is still hiding in his bank safe-deposit box. Of course, over the years he began to learn more about watches and he swore, he will never part with the Patek Philippe, I sold to him. He took a gamble and he won.
Here in Australia, I was doing very well and I added more broods to my collections, till a real estate agent, working for one of the most established and one of the oldest real estate agencies in Australia, tried to rob me, when I wanted to sell my home, due to poor business. I could not meet the monthly home-loan service. Instead of selling my home at an auction, he tried to sell the property to a 'phantom-buyer', at virtually land-value.
One by one of my beloved watches had to be sold to friends, with the promise I would buy them back, once my home was sold. For six months, this real estate agent had only one buyer - the phantom-buyer and no one else. I decided to give it to another agent and the new agent got me a buyer with a higher price but somehow or rather, the 1st agent had already built a good rapport with an asset realization officer of the finance company. The finance company realization officer refused to allow me to sell my property to the buyer who offered me a better price. I was given an ultimatum to sell the house to the phantom-buyer and use the 1st agent or he would execute a court judgement order against me and seize the property. I refused to accede to his request and a judgement was entered against me, forcing me to sell my property to the phantom-buyer through the 1st agent. Otherwise, a sheriff would come down to evict me, without further notice.
Somehow or rather, on the 11th hour, I managed to get the house refinanced albeit a at very high interest rate because, at one time when I told the first agent, if he could not get me a buyer with a descent price, I would refinance. Hardly a week after that, the finance company black-listed me with Baycorps. Ironically, the finance company did not black-list me and gave me time to sell, so as to pay-off the loan I had with them. There was no reason to black-list me, since I informed them that I would sell-off my home. For seven months, they did not black-list me, since I had the option to refinance and pay-off.
When giving to the agent my property to be auctioned, he asked me to sign two contracts, one fully filled-up and another in blank. The first contract showed his true appraisal of my home value, while the second set of contract was totally left blank with only my signatures on it. After I managed to refinance, I was willing to let sleeping dogs lie but the real estate agency demanded I pay for the auction advertising campaign costs. I refused and brought the matter to the office of Fair Trading and later heard by the Tribunal. During the Tribunal hearing, I brought to the attention of the member, the real estate agent falsified the auction agency contract. The real estate agent swore on oath, only one set of contract was ever issued. I have documentary evidence, two sets were signed by me.
Since I have been trampled, there is no money left for me to sue the agent and his real estate agency, I am now contemplating on selling the story, just to remind others to be wary, when dealing with some of the unscrupulous agents, mentioning his name and the agency name. Can he sue me for defamation, even though I have documentary evidence and circumstancial evidence that the agent did team-up with the asset realization officer of the finance company to rob me of my home, by forcing me to sell my property to a phantom-buyer, even though I had a buyer with a higher offer and also, I had a document that the agent's boss agreed to my selling the property to the buyer with a higher price. Please advise.
Thank-you.