Stolen watch database- Doesn't exist!!!!

May 29, 2009,18:35 PM
 

I had a Patek 3940 perpetual stolen in 1996 from my home. I know who took the watch as there was a repair person in the house that day and he had access to the place where my beloved watch was resting. It actually was hidden, but you had to pass through my home office to get to where he needed to work and with all the books, magazines, price guides and so forth, I guess it wasn't difficult to figure out it was worth snooping around a bit.

Long story short, the police also agreed this person took the watch, but there was simply nothing that could be done. They searched his home with a warrant, but no watch. For those who understand a bit of law, no watch, no arrest period.

I reported the watch stolen to Henri Stern watch agency in New York and was under the impression this information would be entered into a database, at least together with the factory in Geneva. I happened to call the other day, just to update my phone number and was very upset with what I learned. Stern had it listed in their database, but this information was not shared with Geneva. I contacted Geneva today to ad my watch to their list as well, but I'm shocked this was never done before.

I'm sure this watch has traveled the world and who knows where it is living now. If Patek had a world-wide database, I would have had a good chance to see my watch again. I'm sure over the past 13 years, the watch has been repaired, serviced, or brought to an AD somewhere. With modern computers, all Patek or any other watch company would need to do is have a computer database at all their AD's world-wide, so when a watch came in for service the repair department could just enter the movement number to make sure the watch was not stolen.

Why they don't do this I simply don't understand! Not only would it help to return watches to their rightful owners, but it would also help put a scare into the grey market they are so worried about. Sure the watch is new with box and papers, but how do you know it wasn't stolen? This way, if someone purchased from a grey market dealer and did in fact get a stolen watch, they would be out of luck when it needed some type of service in the future.

My watch may have been serviced many times, who knows, the only thing I know is it wasn't sent to Heri Stern in New York. It could be in Hong Kong, Europe, or anywhere for that matter. Again, if there was a world wide database, I would probably see my watch again.

Without one, I have little chance.

Fallanden.ch


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I think its a good idea too [nt]

 
 By: gazoz : May 29th, 2009-19:24
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Sorry but good idea in theory only

 
 By: autowind : May 29th, 2009-19:37
How does Stern know that your watch was stolen? How do they separate a valid claim from a false claim? I suspect they don't want to be in the business of policing and/or arbitrating whether or not a watch submitted by a customer truly belongs to that cust... 

why in theory only

 
 By: Fallanden.ch : May 29th, 2009-20:39
First, Patek does maintain a list of stolen watches, they just don't share the list with all their Ad's. So are they saying it's OK to bring your stolen watch to one of our Ad's but you had better not send it to HQ? If you had actually sold the watch, the... 

unfortunately

 
 By: autowind : May 29th, 2009-21:19
that's not true. I've purchased watches from ADs, gray market dealers, and individuals from around the world. With the exception of those purchased from ADs, i've almost never known the original owner and often don't have any paperwork. This is particular... 

good point, but then why have the current policy

 
 By: Fallanden.ch : May 29th, 2009-21:42
The current policy is that Patek maintains a database of stolen watches at Henri Stern and in Geneva. As long as you contact both yourself, they don't exchange information. I was told today that if my watch ever were to show up at Stern, it would be froze... 

You have my sympathy and I agree with you.

 
 By: dreamer : May 30th, 2009-04:55
There should be closer cooperation with maintaining a central database.Also , with respect to those who argues that if you bought a watch in good faith and subsequently the watch was found/proven to have been stolen, it rightly belongs to that person.The ... 

police report

 
 By: whit : June 1st, 2009-10:55
Simply filing the police report is not sufficient, you need to send a copy of the report to Stern or to Geneva. My understanding is that nothing can be done without it. To be on the safe side, contact Patek and ask what they require.

I think....

 
 By: MiniCooper : May 30th, 2009-05:55
that some middle ground should be found You have my complete understanding and sympathies- I would be equally frustrated if one of my watches was stolen. The AD should participate more- they should have an updated list of (proven) stolen watches. but also... 

stolen 3940

 
 By: whit : May 30th, 2009-07:55
I am somewhat familiar with your situation. A client of mine had his watch stolen from his hotel room in SC while on vacation, he called me to let me know and I informed H. Stern. Ten or twelve years later, I get a call from Stern, the watch had come in f... 

yes, I forgot to mention making a police report

 
 By: dreamer : June 1st, 2009-01:06
Make a police report within a short reasonable period after it has been stolen.Police will ask many questions and verify you docs.etc, where you originally bought it from etc.This is fairly standard practice for insurance claims as well, with insurance co... 

Do you remember the case in

 
 By: Sonny : May 30th, 2009-21:22
Singapore a few months ago when a big AD salesman stole watches worth millions? He ran to Thailand and surrender himself later in the Singapore Embassy. I was wondering why he surrender? The chance of the interpol to find him in Thailand and many developi... 

Teriffic idea..

 
 By: nothing but time : May 31st, 2009-05:50
They should add it here in beta as a tab, like with the collector market.

Stolen Watch

 
 By: Fallanden.ch : June 1st, 2009-12:15
Thank those of you who properly understand what it must feel like to have a 3940 stolen from your home, only to find out that Patek really does nothing to help return the watch to you. Again, any complicated Patek at some point in it's life wil need the s...