No Papers? Your Patek Watch Just Lost Thousands

The Patek Philippe Nautilus sealed 18-karat white gold blue sunburst dial, water resistant up to 30 meters. Like the ads say, you never actually own a Patek Philippe. You merely look after it for the next generation. Well, the next generation tells time on their phones, so I figured no one was gonna miss this one.

Patek Philippe Nautilus, 18-karat. It's a nice watch. Gotta check the book, but I think I can give you about, um, $175,000 for it. $200,000. $185,000. Sold. Great. I just need the box and the papers. It's not new. Yeah, I know, but it's got a serial number and a certificate of authenticity, which I'm gonna need. Well, I don't have any of that. It was a gift. Yeah, right. Sorry, my friend. No papers, no sale.

Yeah, so my, uh, my wife just thinks it's too showy.

Too showy? Well, is that why you don't wear a wedding ring?

You gonna buy the watch or you gonna analyze me?

I can do both at the same time. I'll give you $65,000 for it.

Lipschitz was gonna give me $185,000.

Then he sent you to me. You could sell it legit, you wouldn't be here.

So this is a very interesting scene from the show Your Friends and Neighbors, and in it you could see that when he tried to sell the watch without the papers and the box, they were not willing to give him as much money. And that's true in the industry today. Of course, even if the watch isn't stolen, people still want the original box and papers. So without them, there's actually a name in the industry, they call the watch naked. So if it doesn't have the information needed, you will get a lot less money for the watch. Please subscribe so you don't miss any future videos.