The auction watch is an important tool for auction houses. It is easy to miss lots that are removed from the sale. Auction houses should improve their removal policies. While removals aren’t a common occurrence, they can have a significant impact. Most removals are not publicly announced and will go undetected during the auction.
The rates of buyer’s premium differ from auction house to auction house. However, the overall price of a watch is relatively stable. Major auction houses receive a buyer’s premium of about 30% of the hammer price. While the prices of vintage pieces are generally more expensive, recent ones are a great value for auction houses. Besides allowing for increased profits, these pieces can attract new clients to the auction houses.
Buying a vintage or rare watch at an auction is a great way to build a collection of timepieces. However, there are a few important things to consider. The brand of the watch is a crucial factor. Men’s collectible watches from renowned luxury brands are popular at auction. However, a lesser known brand can be just as high-quality.
The AuctionWatch addon has been designed to be quick and easy to use. It doesn’t keep track of individual auctions, but it can help you remember the items you want to bid on. Once you have chosen the items you’d like to watch, you can click on them to access the watch list or to place a bid. You can also remove auctions from the watch list if you don’t want to see them.