Christie’s Tests On The Web-only Watch Auctions

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Christie's isn't outright saying it, but "The Essential Watch Collection," populated with 22 watch lots is often a test. In most cases, Christie's desires to detect whether we have a target sell desirable vintage watches from popular brands for example Rolex, Omega, Patek Philippe plus more, online. In that case, this might develop a lucrative corollary business for their live auction events. This particular auction is running from October 1 - 8, 2013.

Needless to say, the Christie's name is world-renowned, being previously established back 1766. Achievable name (and heritage), we automatically assign a great higher level of trust that they've vetted what you can buy. This plays in quite nicely for us watch types because of their latest online auction marketplace, an amount of 22 "essential" different pieces from your 1950's with the 1980s - primarily Rolex, but in addition featuring Audemars Piguet, Breitling, IWC, Jaeger-LeCoultre, Movado, Omega, Patek Philippe, and Vacheron Constantin. Since one doesn't need to be concerned overmuch concerning the trust with the seller as Christie's includes a good reputation, ...
... there're hoping the main focus is going to be within the interest folks have inside the watches - which can be fabulous given the theme.

You have to observe that such online-only timed watch auctions aren't new. Companies in Europe such as Fellows or Auctionata are actually engaged in this for just a bit longer, though they appear to be more dedicated to Europe where Christie's perhaps can cast a wider bidder net.

As mentioned, to the knowledge this is Christie's first raid a web based auction of watches and we're glad they're using step. We further see the move being an overall positive sign in terms of the confidence (during today's economy) brands have that this online auction marketplace space is surely an area to purchase. While venues including eBay are actually widely criticized for not offering a safe or "luxury" experience, Christie's (that has a small bit of expertise within the matter) believe they will do better.

Precisely what regarding the value of timepieces? Are these the bargains you may well be employed to hunting for in the various forums or local antique shops? No - these seemed priced appropriately without being too much or too low - with starting bids clearly set to obtain attention of these familiar with the pieces. That produces sense - Christie's knows their stuff, these watches also turn to be in excellent condition - much nicer than you are going to find from most places other than an exclusive collection sale we'd imagine.

The auction itself started October 1st, and runs through which the 8th. When you visit up to their auction page you can examine out everything which can be found (some have starting bids the small sum of $2,000), set a "watch" (no pun intended) on your interest for your requirements, and see a countdown of how much time is left until the auction closes.

One potential issue with open "timed" auctions such as this would be the tendency for serious bidders to merely bid during the final moments of your auction. Most of the people will closely watch a bidding all week in support of bid on the very end. That is precisely what happens on eBay, and is particularly may well tactic for looking for the most effective price. If you bid a lot of before hand all you are doing is giving other people the opportunity to outbid you. That is, unless you bid so high concerning thwart all of the bidding competition. It will likely be interesting to see how these online-only auctions at Christie's handle this "sniping" phenomenon.

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