Recommended Reading Lawsuit Alleges Man Spent $220,000 For The Chance To Buy A Patek Philippe That He Never Got
https://www.hodinkee.com/articles/recommended-reading-patek-philippe-lawsuit
link to original article
actual lawsuit lined to in Hodinkee article
All Ali Rezaei wanted was a rose gold Patek Philippe Nautilus ref. 5980/1R. So, the Bay Area man walked down to his local boutique, long-time Patek authorized dealer Shreve & Co., to inquire about acquiring the gold Patek. This from a story that was first brought to our attention by SiliconValley.com that you can read here.
Not so fast, he says he was told by the folks at Shreve & Co. Instead, Rezaei was told he needed to build up his purchase history so that he could have the opportunity to buy a 5980. And so Rezaei did. He started with a Patek 5905R in September 2020 ($70k). Then, he bought two watches from Patek's women's collection totaling nearly $100,000, and finally, a diamond bracelet in March 2022 (another $50k). In all, he purchased $220,000 of merch from Shreve over an 18-month period. During that time, Rezaei says that Shreve and its sales associates continued to encourage him to buy items. Following the bracelet purchase in March 2022, Rezaei says a sales associate told him that "he was certain [Shreve] would offer him the Promised Watch that year." But the 5980/1R never came.
