{"id":63810,"date":"2021-01-19T19:01:57","date_gmt":"2021-01-19T18:01:57","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2021\/01\/the-art-of-auctioning-how-to-choose-the-best-watch\/"},"modified":"2021-01-19T19:07:57","modified_gmt":"2021-01-19T18:07:57","slug":"the-art-of-auctioning-how-to-choose-the-best-watch","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2021\/01\/the-art-of-auctioning-how-to-choose-the-best-watch\/","title":{"rendered":"The art of auctioning: how to choose the best watch"},"content":{"rendered":"\n<p><strong>For those new to watch collecting, the first time attending an auction can be overwhelming.<\/strong><\/p>\n\n\n\n<p>Mechanical watches, fashion pieces and complication watches can make for a confusing encounter. Where to start? What to look out for? Romain R\u00e9a, watch expert and CEO of Antiquorum auction house, shares his secrets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-pick-a-watch-at-auction\">How to pick a watch at auction<\/h2>\n\n\n\n<p>\u201cIt\u2019s important to choose with your eyes.\u201d The design of the watch face, as well as its complications (any function other than the display of time), should be what influence your choice.<\/p>\n\n\n\n<p>You must also decide whether it is a collection or an investment piece you wish to buy. \u201cInvesting means considering what the future market will look like. Will the piece still be fashionable in a few years\u2019 time?\u201d<\/p>\n\n\n\n<p>Speak to specialists. Watch experts will be able to advise you on the condition of the watch, as well as the price you should be paying for it. Does the watch come with its original case? Is it still under warranty? Does the seller still have the original paperwork? These are all points to consider before placing your bid.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>You could raise the price to 10,000 straight away<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-participate-in-an-auction\">How to participate in an auction<\/h2>\n\n\n\n<p>There are three different ways to take part in an auction. Provided it is safe to do so, potential buyers can bid in person in the auction house. They may also bid online, so long as they register in advance. There is also the option to participate over the phone. \u201cCall me during the sale! I love it when people bid by phone.\u201d Smiling, Romain R\u00e9a describes how this \u201cis part of the auction\u2019s charm.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-bid\">How to bid<\/h2>\n\n\n\n<p>Rule number 1: decide on a price in advance. Once the starting price has been agreed, the buyer can raise the bidding by as much or as little as they like. \u201cLet\u2019s say the sale starts at 5,000. When the bidding begins, if you really wanted to, you could raise the price to 10,000 straight away,\u201d explains Romain R\u00e9a. As a general rule though, for this type of sale, bids are usually raised by 500 euros at a time.<\/p>\n\n\n\n<p><strong>&gt;&gt; READ ALSO: <\/strong><a href=\"https:\/\/www.monaco-tribune.com\/en\/2020\/12\/time-counts-watch-auction-over-2-million-raised-to-fund-access-to-water\/\">\u201cTime Counts\u201d watch auction: Over $2 million raised to fund access to water<\/a><\/p>\n\n\n\n<p>Auctions \u201care a chance to have fun,\u201d he adds. \u201cMost of the time when buyers miss out on a lot, they wish they had placed a higher bid and just gone for it.\u201d Although he recommends \u201csetting a limit\u201d on how much you are willing to spend, it is completely normal to sometimes go over budget. However, bear in mind that after making a purchase, a 30% vendor\u2019s commission will be added on.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-brands-are-in-fashion\">Which brands are in fashion?<\/h2>\n\n\n\n<p>In much the same way as clothing, watches tend to go in and out of fashion. Cartier is one example of a brand that has recently seen a renewed rise in popularity on the market. \u201cAfter going out of fashion around 20 years ago, Cartier has once again become a popular choice among watch collectors.\u201d<\/p>\n\n\n\n<p>Amongst the new favourites are Tudor (the sister company of the iconic watch maker Rolex) and Breguet. \u201cFor years Tudor watches never really sold for much, but now they can go for two or three times the price of a Rolex.\u201d Swiss watch maker G\u00e9rald Genta is another name experiencing renewed success. Models such as the Royal Oak or the Nautilius are \u201calways highly sought after in auctions.\u201d <\/p>\n\n\n\n<p>According to Romain R\u00e9a, another Swiss manufacturer, F.P.Journe is also currently \u201call the rage.\u201d The contemporary watch maker\u2019s popularity has been noticed by Chanel too, who have recently acquired a 20% share in the company.<\/p>\n\n\n\n<p>On 24 January 2021, auction house Antiquorum will send 300 lots under the hammer. One of the pieces to be auctioned at the H\u00f4tel de Paris in Monaco is <a href=\"https:\/\/www.monaco-tribune.com\/en\/2021\/01\/time-is-ticking-bid-on-worlds-most-complicated-wristwatch-in-monaco\/\">the world\u2019s most complicated wristwatch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For those new to watch collecting, the first time attending an auction can be overwhelming. Mechanical watches, fashion pieces and [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":63771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1825,243,251],"tags":[],"post_sectags":[],"post_format":[2454],"class_list":["post-63810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-choice","category-news","category-whats-on","format-guide"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The art of auctioning: how to choose the best watch<\/title>\n<meta name=\"description\" content=\"For those new to watch collecting, the first time attending an auction can be overwhelming. 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Mechanical watches, fashion pieces and complication watches\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.monaco-tribune.com\/en\/2021\/01\/the-art-of-auctioning-how-to-choose-the-best-watch\/\" \/>\n<meta property=\"og:site_name\" content=\"Monaco Tribune\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MonacoTribune\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T18:01:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-19T18:07:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2021\/01\/antiquorom-montres.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"747\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Francesca German\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MonacoTribune\" \/>\n<meta name=\"twitter:site\" content=\"@MonacoTribune\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/\"},\"author\":{\"name\":\"Francesca German\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#\\\/schema\\\/person\\\/cd4352150f4370cd860abc5f0ae76a12\"},\"headline\":\"The art of auctioning: how to choose the best watch\",\"datePublished\":\"2021-01-19T18:01:57+00:00\",\"dateModified\":\"2021-01-19T18:07:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/\"},\"wordCount\":656,\"publisher\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/antiquorom-montres.png\",\"articleSection\":[\"Editor&#039;s choice\",\"News\",\"What&#039;s on\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/\",\"url\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/\",\"name\":\"The art of auctioning: how to choose the best watch\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2021\\\/01\\\/the-art-of-auctioning-how-to-choose-the-best-watch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/antiquorom-montres.png\",\"datePublished\":\"2021-01-19T18:01:57+00:00\",\"dateModified\":\"2021-01-19T18:07:57+00:00\",\"description\":\"For those new to watch collecting, the first time attending an auction can be overwhelming. 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