5 Jewelry Auction Tips for Success | LuxyWish

Jewelry for All Occasions

The wonderful thing about jewelry is that a few one-of-a-kind touches can transform your outfit from day to night and back again. Consider the occasion for which you want to wear the earrings or necklace you’ve had your eye on. Do you want to make a statement at a cocktail party? Or should you go for a more demure look for a light lunch? Whatever the occasion, there is a piece of jewelry for every occasion.

Check the Measurements

The difference between a 14-inch and 16-inch necklace may appear insignificant, but it may make a difference depending on your size and stature. There is no such thing as an “average” size neck, wrist, or finger, so knowing your measurements and proportions is essential for making an informed purchase.

Familiarize Yourself With Quality Makers

If you have a favorite jewelry brand, buying at auction is a great way to get your hands on their pieces. Jewelry from well-known and respected brands such as Tiffany & Co. and Cartier instills consumer trust because of their high quality standards and consistent design principles. Savvy collectors understand that these pieces will retain their value and appeal for a long time.

Consult a Specialist

When bidding online, you can always ask experienced (and friendly!) specialists to share their knowledge. They make it easier to make a confident purchase by providing you with additional photographs or even video. Do you want to know how a pair of earrings dangle, how a necklace lies, or which way a brooch is facing? Don’t be afraid to ask a specialist!

Buy What You Love

The best collections are those that have been carefully curated by someone with a wide range of tastes and interests. Trust your instincts when developing and defining your taste, but don’t be afraid to venture outside of your comfort zone to find something truly unique.

Surprising Facts About Jewelry Auctions

Attendance at an Auction Is Free to the Public

If you want to bid, you must first register, which can take up to two or three days before the auction.

It Is Extremely Difficult to Have This Profession

Being an auctioneer is a demanding job, and due to the job’s intensity, the circle of auctioneers is not that big as expected.

On Average, Each Lot Is Sold in About 4–5 Minutes

Surprisingly, each lot remains on sale just for 4–5 minutes before being sold or purchased.

Bids Are Usually Increased in 10% Increments

Even though the auctioneer has the final say, most auctions encourage bids in 10% level. A good auctioneer must be able to calculate percentages and bid increases quickly while maintaining energy and urgency.

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Choosing the right product for you and your situation can be tough. At LuxyWish you can find gadget reviews, buying guides, news & discussion.