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  • #16
    Originally posted by Sgdividends View Post
    What's the process of asking buyer to verify watch?

    Keep a collateral or is there a regulated middle man who can keep the full cash while waiting for authentication ?
    I think this very much can and should be settled privately between the buyer and seller. Determine, discuss and decide what is most comfortable for each other and meet up to deal. There is no hard-and-fast rule; only some basic common understanding.

    And it also depends on what context you are referring to. Do you mean buyer buying from a second-hand shop, or buying from an owner/grey dealer (no shop front)? If it is the former, then quite straightforward. You buy, you pay first, you verify watch (after getting agreement from the shop) in a reasonable span of time, and that's it!

    If it is with an owner/grey dealer, then there is more flexibility what both can agree to. I have personally encountered and experienced:

    Buyers
    - no authentication needed; self-checked, paid and go
    - document transaction on self-typed piece of paper and demanded to see NRIC of seller
    - also forced seller to sign on document
    - requested authentication either at the RSC/independent watch tech
    - paid deposit first w/o seeing the watch and collected watch later

    Sellers
    - demanded deposit before authentication
    - insisted hassle-free sale and not wanting to authenticate
    The Crown Of Achievement

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    • #17
      Best is to verify before dealing

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