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OK, so I buy and sell watches a lot. I recently struck a deal to buy a SBQJ015 from a guy on watchuseek.com. This guy doesn't have a whole lot of posts, but he seems to have completed a couple of successful transactions. His largest transaction that I could find was selling a Fortis B-42 for around $800 about three weeks ago. I sent a private message to the guy I think bought it to get a referral but haven't heard back from him yet.
Anyway, he and I have agreed on a really, really low price for this watch. It is in excellent condition but is missing two links to the bracelet (which is why he's lowered the price substantially), which I probably dont need anyway, and if I do I already have a line on some replacement links.
Now, here comes the weird part.
He is in Kuwait. He also wants to sell a Seiko black monster, and shipping costs out of kuwait are, according to him, insanely high ($70 for fedex, apparently EMS isn't an option from Kuwait?). So he wants me to buy the Monster as well. I don't want the monster, but it is brand new in box and should be easy to flip so I'm willing to buy it in order to seal the deal. I don't want to miss this SBQJ015, since they don't come on the used market very often AT ALL.
Now he wants to ship this watches to me along with a couple of Rolex subbie bezel inserts (no idea what these go for but it's not cheap) and a Fortis bracelet (again, not sure what he wants for this). The idea would be that he would sell these through the forum and I would ship them to presumably US buyers.
He ALSO wants me to pay via wire transfer. This set off alarm bells, of course, except he said he would ship first and I wouldn't have to send him the cash until I get the stuff.
Still, I'm wondering if something funny is going on here.
The amount in question is way smaller than watch scammers usually mess with. Most of the watch scams I've seen involve counterfeit panerais etc and involve thousands, not hundreds, of dollars.
So, am I being scammed?
I've been transacting on the internet since transacting on the internet was a 'new thing'. Seen every sort of scam, shamboozle and grift that's come down the e-pike.
Over time, you develop a sense for what's a clean transaction and what isn't. Sometimes, there are little things that are out of the ordinary, but the more transactions you do, the more you see that some things that appear 'off' really aren't. They're just a bit non-standard.
Kuwait + Wire transfer + "price too good to be true" is pretty much a scammers trifecta... say he's a new forum member and you just hit a quadrella- but this:
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except he said he would ship first and I wouldn't have to send him the cash until I get the stuff.
... is damn near bulletproof insulation. I'd google "wire transfer scams" and see if there's something about wire transfers where they can reverse-ding you for more than you intended to pay, or a similar shaft maneuver. The google results I casually skimmed through- just right now- mainly involved idiots who wired money to Nigeria in advance of receiving goods (or bought into secret-shopper scams) and surprise, surprise, got hosed.
If you have the stuff in your hands and the guy is a long-time member of the forum with feedback, it might just be a 'non-standard transaction' and you have to decide if the money you might save is within your threshold for risk.
Also, the whole thing with you shipping on his behalf; that is very unusual, but may be a standard business proposition. It does scream "stolen" , though. I mean, internet transacting put every local stolen-goods fence out of business and made tracking down stolen stuff pretty much impossible, which is precisely why thieves use it. If you had hot timepiece stuff to move, would you drive down to the local pawn shop- ten miles away from where you ripped the stuff from- or would you sell it to some dude in Great Britain, creating a jurisdictional web that would be almost impossible to unravel? Obviously...
Last edited by Watchmaker; 06-30-2009 at 12:10 PM.