Australian buyers alert!

[pug208]

I was browsing the web and found a website thewatchfinderco.com.au

Currently it is selling a Rolex Milgauss white dial. The description is warranty dated from 2017. The watch is wrapped in plastic hinting unworn. We know teh Milgauss white dial could not possibly be manufactured in 2017. The weird thing is the description is not professional, spelling mistake and dial colour described as black. The most interesting point is the price, A$8,995 (US$6445). It seems a bargain to0 good to be true.

I browsed some of the sold Rolex. A 116610LV sold for A$12,495 (US$8,952)! A 116520 sold for A$14,995 (US$10,740). It smells fishy. So I pulled up a report from ASIC, the company is in the hands of an external administrator in December 2021. The owner Facebook had a message from an individual asking for return of a few Rolex and proceeds from sale of an item (A$7,000).

On another Internet forum, someone recommended this online shop, probably posted by the owner. If you look carefully at the website, it is trying to confuse buyers the shop is related to watch finder running from the UK.

I am raising a flag here for the online shop seems to be still up and running. There are many scams on the Internet, reusing pictures from the Internet is easy.

In Australia, there are watch dealers who would sell watches as consignment. One needs to do a bit of due diligence before signing up a deal. The same applies to anywhere in the world.