If you want to purchase a high-end watch at a reasonable price, you can look to buy one at an auction. Auctions set the benchmarks for watch prices and many buyers use them to compare prices. However, it is important to understand that auction prices are not final and buyer’s premiums are not always included.
Auction watch buyers are looking for a high-quality timepiece with exceptional condition. Often, they are looking for extremely rare pieces that are highly sought-after. This makes an auction watch a great way to sell a timepiece that is rare or expensive. The process of selling at an auction is typically lengthy and requires a substantial time commitment.
To add an auction to your watch list, you can go to eBay and click the “Add to Watch List” button at the top of the auction page. Once you’ve added an auction to your watch list, you can view it from your “Watch List” page or your “My Stuff” section. In addition, your watch list will show all the items that have been added to it. If you don’t like an auction, you can remove it at any time.
Auction houses have also propelled trends in watch selling, focusing on rarity and condition. In recent years, many lots at auctions have been in pristine condition. This trend caught on, and the market followed suit. The result was that auction houses were able to make a profit on their consignments.
Auction watch buyers can choose between online auctions and smaller auction houses. eBay offers the ability to bid on individual items, as well as participate in larger online auctions. Auctions can also be held on websites such as Catawiki. There are pros and cons to both types of auctions. For example, some watch auctions will sell a single watch, while others may allow you to bid on an entire collection.
Watch auctions can lead to a rush of adrenaline. In some cases, you may buy a watch without thinking, but the excitement may be too much for you to resist. Some people even end up losing self-control. It’s not the first time someone has sold a high-end watch at an auction.
Before bidding at an auction, you must sign in and register yourself. Then, check out your bidder number, which is only valid for the current auction. Make sure to have your driver’s license on hand. You can also check if you’ve posted any auctions in the previous week. If not, you’ll want to go to the auction office to register yourself.
The most successful brands in auctions are Rolex and Patek Philippe. Both companies have a history of designing complicated, high-end watches and having limited production models. The most valuable timepieces at both companies have won over $1 million.