Auction Prices - 5575

[martinr]

It seems to me that an auction house might not be the best place to move a current or readily available on the secondary market piece. But like someone already said the watches may come from a death in the family or something like that where the seller isn't knowledgeable enough to sell on their own. The 25% buyers premium really kills it as far as getting a deal goes.

[KarlS]

Originally Posted by texex91

I wouldn't complain too loud, since you seem to be bidding

Sure....as a Buyer I just need to compare the final price to what I would pay at an arms length so I am no worse off....the Seller is who is getting screwed and hence my original question....why would you sell through the auction house (other than convenience) when you could earn more by doing a bilateral.

Haven't been lucky yet!!

[RussW]

Originally Posted by KarlS

Sure....as a Buyer I just need to compare the final price to what I would pay at an arms length so I am no worse off....the Seller is who is getting screwed and hence my original question....why would you sell through the auction house (other than convenience) when you could earn more by doing a bilateral.

Haven't been lucky yet!!

I think that as Martin says an auction house not the best place to sell a watch in the current collection. For rare watches I guess an auction allows the market price to be discovered, which might be higher than you would get trying to sell privately.

You quite often see these watches for going for much more than the guide price, which might be how much you'd list a watch for privately.

[Mbbgysam]

Originally Posted by jonathan17

I read before that there is a forum member who had an ALS watch stolen and ended up in an auction house. the auction house still sold it and despite proof of ownership the member was ignored and the sale went through.

Yikes! That surprises me.