Buying at auction has several benefits. These auctions set benchmark prices for watches. You won’t have to compete with hundreds of other bidders for the same watch. Also, they give you the opportunity to view and inspect items up-close. The auction houses offer high-resolution photographs to help you make an informed decision.
Using the AuctionWatch feature makes it easy to keep track of your favorite auctions. It shows you which auctions you are currently following, as well as how many you have previously watched. Clicking on an auction will take you to its details page. You can also sort the list to narrow your search results. If you don’t find any auctions of interest, you can always remove them from your Watch List.
Auction houses also often work with other organizations and charities to benefit a cause. This helps them attract a specialized demographic and raise funds. But their primary goal is still entertainment and rare goods for collectors. However, it’s not easy for them to attract these types of people. Therefore, they tend to favor sellers.
The market for watches is becoming more accessible to younger buyers. Increasing numbers of young people have entered the auction scene in recent years. Many of them inherited wealth from their parents and built their first business before turning 30. This has created a new generation of young millionaires.