Do you ‘good Samaritan’ Omegas?

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A recent thread from a new member in the modern forum got me thinking about this. Don’t want to call anyone out so I’m starting a new thread here.

The person in question bid and won on a two-tone Seamaster diver that would probably cost several thousand on the preowned market—he paid $500 and was disappointed (in a humble not-obnoxious way) to learn after-the-fact from OF that it’s a very bad fake.

The question in my mind: would you feel a lot better if you found out it was real? Or would you be nagged by the fact that you might have just taken advantage of a seller’s ignorance?

This isn’t a holier-than-thou post. Back in the day I made several thousand dollars buying and selling used camera gear—someone who didn’t understand what they had would be selling a Canon L lens, say, for $300 that was worth $1700. Easy flip for me. (This was via Craigslist and eBay, and I’d sell on one of the Canon forums, usually.) Never felt a pang of remorse then, figuring it was their fault for not researching value.

And then one time I got into a back and forth with a seller (I think it was a nice full frame DSLR body) and found out it was a recently widowed woman just looking to sell off some of her husband’s stuff quickly. She didn’t have the emotional energy to do all the research so was basically making up prices. (I’d reached out to ask questions to make sure it was a functional camera body.)

Ugh the guilt. I ended up explaining to her what she had (there were a bunch of nice lenses too and lots of other gear) and helped her sell it. In the end she made probably $7,000 more than she would have on her own.

And I realized that actually felt pretty good too. I’m not a believer in karma, but maybe it’s something like that.

With watches, I don’t play hero and look through listings for undervaluations to try to save people or anything. But there have been a few times when I’ve incidentally come across something and reached out to a seller to make sure they know what they have. As often as not, they do and just want to make a quick and easy sale. (Which makes you wonder.) But on occasion they’ve been very grateful for the info and have relisted accordingly. And it’s almost always a spouse or a kid of someone who’s passed.

Just wondering if others have done this sort of thing.
 
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Honesty is the best policy and karma is real. In this Information cloud
we live in, there really is no excuse for underpricing anything. That said, IMO it’s wrong to take advantage of a person who might be technologically or otherwise challenged or even lazy. There have been threads on this before. So :🍿:…………
 
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Should I have a twinge of conscience when someone offers me a collectible watch for free, but I decline his offer and insist that I pay him for the watch, even though it was a”bottom feeder” price? That has happened to me on occasion.
 
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If I am buying a watch from someone who doesn't know watches, they generally don't the ability to open a watch and show the inside or even test a watch thoroughly, so I need to price in the risk ... I've learned that the hard way. If you pay an optimistic price, sometimes you will be lucky, but other times you will find a bunch of unexpected problems, and it's not a good gamble.

So when making an offer in a situation like that, I try to consider everything that could plausibly be wrong with the watch, and offer a price that reflects the hypothetical problems. I will usually explain my reasoning to them, and tell them that if they want to make the effort to investigate the watch in detail and pursue an auction sale, they might get more, or they might not. Often they are happy to make a fast and easy sale. Other times, they have an unrealistic idea of value based on their naive research, and they think they should get the amount that a top dealer is asking for a perfect example.
 
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If I hear someone say they "stole it" after buying something, I think of the person who was just robbed. It leaves a distaste.
 
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If I hear someone say they "stole it" after buying something, I think of the person who was just robbed. It leaves a distaste.
When it comes to auctions though, a steal in this case I'm happy to do.
 
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Years ago, a friend was approached by an acquaintance who offered him a non-Oyster manual winder (50s vintage), and a 18-size, Waltham 1883, 17-jewel, CPR model pocket watch for $600.00. Steal of a deal! My friend told him the watches were worth more than that! The guy said, “$600.00 take them or leave them!” Without a twinge of conscience, my fried paid him the $600.00!

I was recently offered 3 watches, two with chains, for free. I offered $150.00 for the one I wanted. All or nothing was the reply. So I took all three for $150.00. I later found the chain on the one watch was 16.5 grams, marked 10 k. Scrap value about $500.00. I phoned the guy and told him about the chain, and he should come get it! He did! Conscience?
 
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I would not want to knowingly want to take advantage of someone else's lack of knowledge, so I would tell them. If they said ok and sold me the watch lower than it's true market value I would be happy to pay the price and keep the watch.
My goals are to live an honest life, treat others with respect and be able to sleep well at night. I don't always manage it, they are goals not absolutes.
( I admit it, every time someone on one of those stupid electric scooters comes within a hairs bredth of me on the pavement, I want to push them off)
 
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but honest/dishonest isn’t the only approach to this question, right? It’s not dishonest to drive past someone whose car has broken down on a remote road when you’re a capable mechanic with a truckload of tools and plenty of time to spare, but it might be… morally questionable? Inhumane? Karmically risky? Poor citizenship? Insensitive?

I agree that it isn’t necessarily dishonest—neither is being a bad tipper or driving like a jerk, for that matter.
 
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I think I would. Not a watch, but I was looking to replace my no longer supported Bacharach combustion analyzer. I found the next, current residential model in the high end package with all the options on eBay for $50 because it "didn't work." This is a $2000 kit. That was because it needed two sensors and I told the seller and he was insistent afterwards that he was okay with the price because "it's broken" and I bought it. New sensors and it's good to go.
 
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but honest/dishonest isn’t the only approach to this question, right? It’s not dishonest to drive past someone whose car has broken down on a remote road when you’re a capable mechanic with a truckload of tools and plenty of time to spare, but it might be… morally questionable? Inhumane? Karmically risky? Poor citizenship? Insensitive?

I agree that it isn’t necessarily dishonest—neither is being a bad tipper or driving like a jerk, for that matter.
Your examples are not equivalent. My conscience would never suffer if I paid a price offered to me freely.
Edited:
 
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Your examples are not equivalent. My conscience would never suffer if I paid a price offered to me freely. Period. That’s my final word on the topic.
Surely you don't mean never.

One could easily think up a case where it would be obviously wrong to take something offered at a given price. E.g. a widow offers to sell you her late husband's 2915-1 for $1000 and you know she can't cover funeral costs...
 
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Thirty years ago or so, I had a guy bring me an 18-karat Patek automatic watch that he wanted to sell, and was on his way to a gold buyer who had set up in town. But he wanted to talk to someone knowledgeable before he went. I thought the dial looked rather odd. It had applied markers which (it appeared to me) to be rather a haphazard fit. I checked the reference number on the case, and went to my collector guide. Turns out the dial on this model was a very rare vitreous enamel dial, hence the fact it looked rather odd, and may I say, not up to the usual high standard one would expect from a Patek. The guide price was (as I recall) around $10,000 US. I told him all this. I suggested I lend him my collector’s guide with a bookmark, and a brown paper bag. Take the watch to the buyer, and get their offer. They offered him $2,000! THEN to show the buyer the listing in my guide! He ended up getting $8,000 (Cdn.) for it. The following day he appeared on my doorstep with my book and a bottle of scotch. One happy Samaritan! Me!
 
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If I hear someone say they "stole it" after buying something, I think of the person who was just robbed. It leaves a distaste.
I think a lot of the best steals I’ve picked up were from sloppy pickers, corporate / franchise pawn shops and amateur dealers.

The second one makes up the bulk really, being a pawn broker / second hand dealer used to be an actual skilled profession that took decades of experience. There still are some family pawn shops like that, but here in Australia they’ve been overtaken by Cash Converters which is like McDonalds, paying teens minimum wage and preying on the desperate.

Every time I make a nice profit off their incompetence, whether it be watches, power tools, or collectibles, I feel pretty good about it just because they’re such a drain on society.

Original owners or relatives of them though I can’t in good conscience lowball badly. That’s definitely where karma is a factor.

I also don’t ever feel bad winning an auction for a good deal on eBay, as if I hadn’t participated in the auction they’d have gotten less, but I do often message someone if they have a special watch and let them know ballpark what it’s worth and to not take any offers before auction end. That probably annoys some people but I do it rather often.
 
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also don’t ever feel bad winning an auction for a good deal on eBay, as if I hadn’t participated in the auction

Canuck said the same thing. An auction is different for sure. Informed sellers looking for two buyers in the same place. You roll the dice and take your chance. Pawn shops too, although I don't have experience with them. But they're businesses whose job is to know the value of what they sell.

There're probably fewer people who are innocent or without excuse for not knowing better. There's so much information available on the internet with just a little effort. But people collect all kinds of crazy stuff. Toys, cards, sneakers, jeans. I'm probably susceptible to donating old crap that someone might collect just because I don't want to be bothered researching, or even thought to research. Probably how some people think about old watches.

Still, glad there are still people like Annapolis.
 
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Canuck said the same thing. An auction is different for sure. Informed sellers looking for two buyers in the same place. You roll the dice and take your chance. Pawn shops too, although I don't have experience with them. But they're businesses whose job is to know the value of what they sell.

There're probably fewer people who are innocent or without excuse for not knowing better. There's so much information available on the internet with just a little effort. But people collect all kinds of crazy stuff. Toys, cards, sneakers, jeans. I'm probably susceptible to donating old crap that someone might collect just because I don't want to be bothered researching, or even thought to research. Probably how some people think about old watches.

Still, glad there are still people like Annapolis.
Yes its surprising what some people collect. I bought a couple of Japanese Chokin plates that came in a bulk lot, I had the buyer arrive to pick them up after the auction and confess to me that they had to buy every one they saw if it was different from what they already had and would pay whatever the amount was. A tidy profit was made!
 
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This thread lacks picture, so there we go.

A few years ago, this watch was listed on a local platform at a low price.


My excitation goes to the roof. However, these platforms are pools with sharks. I messaged the seller and… the watch was already reserved by a watch dealer.

It wasn’t the first time this happened, so I said to him his price was too low.

Sent him a few past sales results for the same reference, showed him my OF WTB for this exact reference.

He probably felt like it was going to a good home, so I ended up with the watch, paying several hundreds more than initially listed.

Win-win. He made more for his father’s watch, it went to someone who takes care of it, rather than flipping it. It wasn’t a great deal, but it felt good and respectful.

I ended up helping him with information on other watches from this father. The “sad” thing is that the only watch he kept was an obvious redial. But that’s the one which had sentimental value.
Edited:
 
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But they're businesses whose job is to know the value of what they sell.
That’s the kicker for me. If you are dealing in your own field and don’t know the value of what you are selling, that’s not my problem.

For a private sale from a family member or something, that’s very different.
 
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This thread lacks picture, so there we go.

A few years ago, this watch was listed on a local platform at a low price.


My excitation goes to the roof. However, these platforms are pools with sharks. I messaged the seller and… the watch was already reserved by a watch dealer.

It wasn’t the first time this happened, so I said to him his price was too low.

Sent him a few past sales results for the same reference, showed him my OF WTB for this exact reference.

He probably felt like it was going to a good home, so I ended up with the watch, paying several hundreds more than initially listed.

Win-win. He made more for his father’s watch, it went to someone who takes care of it, rather than flipping it. It wasn’t a great deal, but it felt good and respectful.

I ended up helping him with information on other watches from this father. The “sad” thing is that the only watch he kept was an obvious redial. But that’s the one which had sentimental value.
No comment on this altruistic act of heroism.