If you’re interested in purchasing an auction watch, there are many ways to evaluate your bids. Many major auction houses offer a fast, easy process, and they receive a percentage of the sale price, as well as a buyer’s premium. This can mean anywhere from 10% to 30% of the hammer price. Auction houses often make more money on recent consignments, and non-vintage pieces are easier to sell to new clients.
If you know what you’re doing, you can find watches that are not very popular, but still have decent value. You’ll need to know what you’re looking for, but with a bit of research, you can make an informed decision. Some watches can be as valuable as $100,000 or more, so you’ll definitely want to do your research.
Auction Watch will alert you to new listings when your criteria changes. For example, if you’re looking for a particular item, you can use it to find it on eBay. You can then specify your criteria and receive push notifications when a matching listing pops up. When you’re finished, you can then go back to the full auction catalog to place your bids.
While it’s possible to buy auction watches for less than full price, it’s best to know about their history and provenance before bidding. Auction watches are usually rare or collectible timepieces, and are therefore highly desirable. You can also inspect them up close to ensure that they’re in good condition. Specialists at auction houses evaluate the watches and make sure they come with the necessary paperwork. Any watches that have flaws will be discounted accordingly. In addition, auction watches are legally protected, and all auction houses follow the General Conditions of Business.