Winning a Rolex or other watch at Auction
When we heard about the the Rolex Submariner in “Live and Let Die” was going under the hammer we were excited! “The Bond Watch” is actually for sale!! We read it will reign in between $152,000 – $254,000 US dollars which is a bargain if you consider the lore surrounding it. All you have to do is show up in Switzerland the day of and be ready to buy.
Is winning really that easy?
Sure, you simply have to be willing to pay the most amount of money for it. If your wallet is bottomless then no problem right? However; if you are truly trying to get the best price you’ll want to consider a few things. Not the least of which: “Is the watch worth it?”
When you show up the day of the Auction you’ll need to do go through registration, locate the watches your interested in, and then head directly to the inspection table. This is going to be your only opportunity to find out if a Rolex Watch or other watch at auction is worth the money. You’ll also be able to determine when to “let go” when the price goes over it’s value.
You’ll want to know How to Evaluate a Rolex before you purchase one. Understanding the facts about condition is going to be your best friend. If you know the condition and it’s relationship to value it will make you a tremendous watch buyer at auctions.
The other tip we can give is to be confident in your decision making. If your committed to purchasing a watch, know the value, and have confidence in your knowledge you shouldn’t have any problems. Scoring a watch at auction at a great price is a good feeling. For your own collections or for a resale pieces the approach is always the same. Inspect the watch and ask questions.
You’ll rub elbows with a number of people that are asking similar questions too. So pay attention to everyone that talks. You mind find some information you don’t typically ask about there.
The fun part is the actual auction! When all those friendly faces turn into a cat and mouse bidding war. For you, however; it’s not cat and mouse at all because you’ve already determined it’s value and won’t stray to far from that. Right?
Good Luck out there!!