RE­SELLERS VS AUC­TION HOUSES

Prestige Hong Kong - Tic Talk - - FEATURE | HERITAGE -

The key­word in choos­ing a plat­form to buy or sell a time­piece re­mains “trust”. Auc­tion houses tend to be much older and more es­tab­lished with large fol­low­ings and sen­sa­tional re­sults at times, which lead to lots of me­dia cov­er­age ( see page 48).

De­spite a grow­ing mis­trust of auc­tion houses in col­lec­tor cir­cles, they still move sig­nif­i­cant num­bers of ex­pen­sive lux­ury watches. And while auc­tion houses nor­mally have greater ex­per­tise in and ac­cess to vin­tage time­pieces, it’s worth re­mem­ber­ing that they charge both buy­ers and sell­ers much higher fees, which can run as high as 28 per­cent, even if they are not able to sell the watch in the end. Trust, pric­ing trans­parency and au­then­ti­ca­tion are there­fore im­per­a­tive when choos­ing a re­sale plat­form.

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