News and Events May 22, 2003 admin
Industry News – “A-auction” Of Important Collector’s Pocket Watches & Wristwatches
On Thursday, March 20, beginning at 10:00 a.m. (EST), Antiquorum will hold an A-auction devoted to Important Collector’s Pocket Watches and Wristwatches.
The electronic catalogue for this auction, complete with images, descriptions and Antiquorum’s grading system will be available EXCLUSIVELY ONLINE at the beginning of March. The online auction will feature over 150 lots of collector’s pocket watches and wristwatches, antique, vintage and modern.
All watches will be auctioned in alphabetical order according to brand name. Among the brands offered for sale online are Audemars Piguet , Baume & Mercier, Breitling, Cartier, Jaeger LeCoultre, Omega, Patek Philippe, Piaget, Rolex, Vacheron Constantin and many more. There are also several old/new stock watches certain to attract the interest of collectors worldwide. The A-auction catalogue also features a search engine which allows clients to view watches according to type, metal, price, brand name, and the decade of production. The selection of collector’s watches gathered for this A-auction will be exhibited on the following dates:
Grand Havana Room
301 North Canon Drive
March 11:12:00 – 7:00 p.m.
March 12:12:00 – 7:00 p.m.
Tourneau Time Machine
12 East 57th Street @ Madison Ave.
March 15: 10:00 – 6:00 p.m.
March 16: 11:30 – 5:00 p.m.
Grand Havana Room
666 Fifth Avenue, 39th Floor
March 17: 3:00 – 7:00 p.m. March 18: 10:00 – 7:00 p.m.
March 19: 9:00 – 4:00 p.m.
A-auction are Antiquorum’s version of electronic auctions. These take place exclusively online at www.antiquorum.com, via a fully secure automated online auction system. There is a specific start time and date set for the auction, however absentee bids can be placed as soon as the electronic catalogue is posted online and increased up until the actual start of the auction. On auction day, bidding takes place in real time, lot after lot, until the auction ends.
In order to participate in an A-auction, clients first need to register by connecting to Antiquorum’s website where they can complete an online application. Antiquorum will also accept absentee bids sent by fax. Unlike the traditional auction which has a buyer’s premium of 15%, the buyer’s premium for these type of electronic auctions is 10% on the hammer price, exclusive of taxes and fees. All lots sold through this A-auction are located in the USA.