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Chicago's Durk Derrick Banks, known professionally as rapper Lil Durk, is urging his fans to shop with authorized dealers after compatriot Lil Baby appeared to have been stung by a secondary market dealer with a fake Patek Philippe he bought for $400,000.
Nine out of the top ten prices paid at auction so far this year have been for Patek Philippe watches.
Bidding opened this week and ends on Tuesday, August 24 at 10:30 a.m. EST and has already reached $75,000 with six days to go for the online auction.
Clienteling and customer service employees are subjected to manipulation, abuse and even threats from flippers trying to buy the olive green Nautilus.
Not since a Rolex Daytona once owned by Paul Newman has a steel sports watch caused so much of a stir ahead of its auction.
Thierry Stern says the company tries to avoid selling to people who will flip the watches, but it's not easy to control.
Monaco auctioneer will test the market for the 2021 5711/1A steel Nautilus with a reserve price of €50,000 to €150,000.
Audemars Piguet's CEO François-Henry Bennahmias may be convinced that its direct to consumer model is the only sustainable choice, but there is plenty of evidence to the contrary.
A switch from blue to a green dial for Patek Philippe's hottest 5711 steel sports watch has taken none of the heat out the market, in fact it is much, much worse.
After a first quarter surge, driven mainly by rumors and then confirmations of discontinued watches, prices for the world's hottest watches from the likes of Rolex, Patek Philippe and Audemars Piguet are starting to cool.