When buying a watch, a high-resolution digital photograph can tell a potential buyer a lot about a watch’s condition. A good auction house will provide these photos to buyers. A watch that lacks a high-resolution photo is a big red flag. You want to have as much information about an item as possible before you make a bid.
Fortunately, premier auction houses record items with high-quality photos, videos, and text. This increases the excitement of an auction, as potential bidders can examine every detail. That means a higher-priced watch can end up being worth more than you thought it would! However, it’s important to note that the results of an auction do not reflect a watch’s true value.
Once you’ve added an auction to the Watch List, you can view it from your dashboard or your “My Stuff” section. Clicking an auction’s name will take you to the detailed auction page. The “Watch List” feature also allows you to view all the auctions you’ve added. You can also remove an auction from your watch list if you no longer wish to watch it.
Buying a watch at auction can be a lucrative investment. Traditionally, people who participated in auctions were either sellers or bidders. Nowadays, it’s a great way to make money and get a unique watch without breaking the bank. Auction houses can make more money than they did with conventional sales because they don’t need to go through the tedious process of evaluating a piece.
A one-owner watch can command a much higher price than a sample that has passed from dealer to dealer. This is because the watch may have been replaced or has a history of wear and tear. In addition, the watch may have been in the hands of many people over the years. Therefore, it’s essential to inspect the details of the watch closely before purchasing it.
Phillips has an auction for watches in June 2022, in association with Bacs & Russo. This event will take place at Phillips’ headquarters in New York City on June 11-12. The auction will cost around USD 7.63 million. It will sell a variety of watches, from vintage watches to the latest models.
Two of the most successful watch brands at auction are Rolex and Patek Philippe. Both companies have long been known for making complicated and exclusive timepieces. However, while Rolex has been known to produce thousands of watches, Patek Philippe is known for creating only a few very limited edition pieces that sell for over $1 million.