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Aug 31, 2020 · There are several different avenues you can use to sell your watch, such as selling or consigning directly to dealers, consigning with auction houses or posting to online classifieds or forums. Not every one will work for every watch.
- Timepieces Make Poor Financial Investments. You aren’t likely to get rich by purchasing timepieces and later selling them at auction for profit. Most honorable auctioneers will certainly agree.
- Provenance Is Not Guaranteed. The fact that a timepiece was owned by a celebrity or important person is, not surprisingly, linked to higher auction values.
- Watch Auctions Are Highly Glamorized. The most successful auction houses in the world such as Christie’s and Sotheby’s put out beautiful catalogs with lavish pictures and descriptions of the items they intend to sell.
- The Success Of Not Vintage, But Pre-Owned Watches Drives Auctions. The majority of watch auction events include dozens if not hundreds of lots for sale.
Apr 26, 2018 · For the most part, watch sellers fall into five categories: Seasoned collectors who know the market and the trends. They may sell to create space in their collections and additional dry powder for future purchases. Dealers who make their living buying and selling watches out of inventory. One-off sellers with a single piece to sell.
I could happily watch Paul Laidlaw sell stuff which I have no interest in whatsoever, all day long! In short, auctions can be real good fun. But here are some of the drawbacks: My successful bid is subject to commission and that often adds a third or more to the cost these days.
Dec 13, 2012 · Those interested in selling (or buying) a potentially valuable rare or vintage watch are encouraged to approach one of the major auction houses to see what they can do for you. While many auction ...
Feb 23, 2023 · Sell your watch at an auction house. When you think about auction houses, you typically think of the buyer’s premium as how they make their money/commission. The truth is, there are incurred fees for the seller as well – and it varies case by case.
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Oct 28, 2020 · Thanks to watchmaking expert Elio Guerin, the Maison can offer estimates of watches to be sold. Valuation is one of the key function of auction houses and below are the 3 key points they look after: Visible elements: are the case, bracelet and dials genuine? Are they over polished or even changed to newer components?
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