If you are looking for the best place to auction a Swiss watch or antique timepiece, Diamond Estate Jewelry Buyers has a better alternative. We have helped thousands of people around the country sell expensive watches, while eliminating the substantial fees, wait, and uncertainty associated with large auction houses and online watch auctions.
Many people believe that auctioning a watch is the best way to obtain a best cash offer for their timepiece. Beyond traditional auction houses like Christie’s and Sotheby’s, there are online auction portals like eBay and new online auctions specializing in valuable vintage watches and Swiss timepieces from brands such as Rolex and Patek Philippe.
However, if you have never tried to auction a watch, you may be unaware of all that needs to be considered when making a smart selling decision. So, let’s cover some of the important issues now and explain why thousands of clients have chosen Diamond Estate Jewelry Buyers as the best place to sell a watch and antique timepieces.
Auctioning a Watch at an Auction House
Sellers who wish to auction limited-edition Swiss watches valued into the five and six figures often look toward a prestigious auction house like Christie’s and Antiquorum, who have long traditions of selling extraordinary timepieces.
What these sellers often do not realize is that auction houses charge more than just a commission on the final sales price. When auctioning a watch, there are also associated fees which can ultimately add up to 40% of the final hammer price.
In other words, after waiting up to six months for the watch auction to take place, you may end up receiving only 60% of the final sale price (IF your watch sells). And if your timepiece does not sell for the reserve price, you will actually lose money—because you still will be charged photography and processing fees.
That is why so many sellers of valuable wristwatches and pocket-watches choose to sell their timepiece(s) to Diamond Estate Jewelry Buyers. We often can provide you with a generous cash offer that comes close to the final amount you might have received when auctioning your watch through a traditional auction house—and there is no wait or hidden fees attached.
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Auctioning Swiss Watches at an Online Auction
In the past couple years, some online watch auctions have emerged which promise to get you more money for your expensive timepiece. It is always a good idea to approach these online watch auctions with caution.
Keep in mind that an online watch auction is only as good as its network of buyers–and it takes many years (if not decades) to establish a strong international network of watch collectors and estate buyers.
The only online watch auctions worth considering are those who have a deep background in rare timepieces that can be easily verified. Their watch “experts” should provide first and last names, so their credentials and experience can be assessed. And the business should be registered with the Better Business Bureau with an A rating.
Also be aware of the potential for inflated initial appraisals when dealing with online auctions that sell watches. An inflated watch appraisal is how an unscrupulous online watch auction can convince you to sell your item with them. The final sales price could be well below that initial watch appraisal, and you could be on the hook for selling your timepiece at that much lower price.
Check whether the auction website is publishing prices from past luxury watch auctions. While the auction prices you see may be higher than what your local pawn shop or jewelry store offered, it could be thousands of dollars less than what a professional jewelry buyer like DEJB would pay you for your contemporary prestige watch or antique timepiece.
Why is the amount so much less? Because the vast majority of watch buyers at online auctions are wholesale watch dealers who will pay you the wholesale dealer price for your watch, minus the commission and fees taken by the auction. When all is said and done, you are basically adding one more middle man (i.e. the auction) between you and the wholesale watch dealer, which ends in you getting substantially less money for your watch than if you had gone directly to a high-paying honest watch buyer like Diamond Estate Jewelry Buyers.
How do we know all this? Because we often work with clients who have tried for months to sell their luxury watches via an online watch auction–and who are shocked at how much higher our offer is compared to what they had received and almost accepted.
When you sell your watch to Diamond Estate Jewelry Buyers, we eliminate the auction middle man and all of the uncertainty that comes with trying to auction a valuable timepiece. Our owner Carl Blackburn is an internationally-recognized fine jewelry designer and one of the most trusted buyers of fine watches in the country. He and his team bring 50+ years of combined expertise to the table when purchasing your luxury watch. We tell you exactly how much your timepiece is worth (explaining in detail how we have arrived at that price). And we pay you immediately in cash.
Should I Auction My Watch on eBay?
When it comes to auctioning Swiss watches and valuable timepieces on eBay, this generally works best only for those who are established fine jewelers who have bricks-and-mortar businesses.
There are simply too many fake watches (especially Rolexes) on the market. Thus the potential for fraud is too great for most buyers to risk spending thousands of dollars on a luxury timepiece on eBay—even with the increasing safeguards that eBay has put into place.
Sellers should also take into account the hassle and time involved in setting up a proper and professional looking eBay listing for their prestige watch—including well-written text descriptions, quality photographs, etc.
In contrast, selling your watch to Diamond Estate Jewelry Buyers is very easy and fast. By using our highly-secure Sell a Watch From Home service you can be guaranteed a fair and prompt cash offer for your timepiece, while having complete confidence in the security and confidentially of the process.
Let us help you sell your valuable watch for more cash today. Call our friendly and knowledgeable staff to arrange a free, no obligation, appraisal of your fine timepiece.