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Re: Good Points; But an Unreliable / Inconsistent Market

: John:

: I am glad that you were successful with your sale last year.

: When I read Nic's message about the bad weather in London, and
: other negative factors, it reinforced my view that these
: "local" auction houses can be bad platforms for these
: sales.

: So I have owned a watch for 40 years; decide that March 17 will be
: the sale day; then wake up and realize that it's St. Patrick's
: day (which had been on the calendar for a long time) and rainy
: in London? Well, at exactly that point in time, I realize that I
: have chosen the wrong guys to sell my watch!! Yes, anyone can
: have a bad day, but the better the platform, the fewer these bad
: days.

: We saw a couple of nice old Heuers sell on eBay over the weekend .
: . . at full prices . . . the photos were excellent and the
: information was comprehensive. And the sellers weren't
: complaining about St. Patrick's Day or the rain in London. And
: the buyer's weren't multiplying by 1.25 to get from the hammer
: price to the final price.

: Perhaps the one word summary for these local auction houses is
: "inconsistent"? And when I am selling my precious
: watch after owning it for 30 or 40 years, that's not what I want
: to see.

: Jeff

: +++++++++++++++++++++++++++++++
You are quite correct in what you say but you raise the predicament that non collectors like me face in that we have no idea what our treasured watch is truly worth. You say that a couple of old Heuers sold at 'full prices'. What are full prices and who determines what these prices are? I realize that any item is only worth what a buyer is prepared to pay but there are a lot of unscrupulous people around just waiting for the un-informed to part with an item, not knowing the true value. To me the auction house is a safe route and there is always the 'reserve' if it dosen't make what you value it at.

: In response to your question. I sold my 2446 at a WOK auction a
: year ago and got what I thought was a very good price. At that
: time it was the highest price that WOK had got for a 2446. The
: reason I chose an auction house to sell my watch was that it was
: a very safe route to take, bearing in mind there are now so many
: scammers operating in all fields. There were no hidden agendas
: and the sale and payment were completed with the minimum of
: fuss. I believe, as one of your fellow contributors has said
: that on the day London was quiet, the weather was against it and
: generally there are more and more 'specialist' watch auctions
: around. The auction houses can only sell what is offered for
: sale and prices will reflect their collectability.

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