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Buyer Beware
I believe "Caveat Emptor" still applies for used goods such as vintage cars and watches.
Caveat emptor translates to "let the buyer beware." It means that an individual buys at their own risk. Potential buyers are warned by the phrase to do their research and ask pointed questions of the seller. The seller isn't responsible for problems that the buyer encounters with the product after the sale.
When a good is sold "as is" then caveat emptor applies I believe. It places the onus on the buyer to perform due diligence before making a purchase.
Yes, I agree some of the stuff auction houses have done are misleading and may fall outside of this scope. But generally, I believe if you're spending that kind of money on a watch, the buyer is responsible to do some independent due diligence.
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