Buyer’s Guide

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Traversing the world bringing its’ marketplace to you instantly.

D.Gamble

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About Us

At Watch Auction HQ we wish to make buying and selling of fine quality jewelry, gems and watches a pleasurable, transparent and memorable experience. We want everyone to bring buyers and sellers into a marketplace that is chock-full full of beautiful choices and values. Where buyers are astonished by the array of stunning jewelry, gems and watches.

Our marketplace brings gorgeous jewelry with diamonds of great quality, watches from Patek Philippe, Audemars and Rolex to vintage Hamilton’s and Longines. You are guaranteed to see something that will dazzle your eye.

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Online

The best way is to visit www.WatchAuctionHQ.

com where the latest news on our auctions is

made available. You may also download our

WA-HQ Mobile App so you can take us with you

wherever you may go. You may also register from

our website to receive alerts and reminders. We

also have a convenient WA-HQ Calendar, both

online and mobile for your convenience.

WA-HQ Magazine

You can view our magazine in online or mobile

form at The Blog, Facebook, Google+, You Tube

and Twitter. Plus, you can view our magazine at

www.issuu.com. As a client, you may subscribe

and receive a magazine automatically from our

website or at our social media sites. And, of

course, our e-magazines are free. Each monthly

magazine has our entire catalog for upcoming

auctions. You will find a comprehensive

description of each item for sale and multiple

pictures. Check the calendar to see what date

the WA-HQ Magazine will be available.

Browsing or searching for items

Searching has never been so easy. Search our

website, search our blog, search our magazine,

search online or search mobile. You can search

current items or past items. Further, we have

included many links from other auction websites

where you can complete historic searches. We

have it all just for you.

Simply use the search bar on the home page or

any page other page by entering the key words

and pressing go. You can refine your search via

the “advanced search” option.

How do I find about Watch Auction HQ Auctions?

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Standard Bid Increments

Up to $100 $10

$100-500 $25

$500-$1,000 $50

$1,000-$3,000 $100

$3,000-$5,000 $250

$5,000-$10,000 $500

$10,000-$30,000 $1,000

$30,000-$50,000 $2,500

$50,000-$100,000 $5,000

over $100,000 $10,000

Viewing Condition Reports

Our WA-HQ Magazine has a full and detailed

description of each lot. However, you may click on

Condition Report in the catalog to review online or

print for your convenience. You may also request

a report to be emailed to you at salessupport@

watchauctionhq.com.

Viewing an Item in Person

Our cyber marketplace does not allow us to permit

perusing items in person. But we do provide detailed

descriptions, condition reports and appraisals for

Register to Bid

Register online by visiting our registration page on

this site and filling out the interactive registration

form. When complete, click the submit button. You

will receive a confirmation email. When approved,

you will receive notification. If you are registering

at www.LiveAuctioneers.com, you will still need to

complete our internal registration form available at

Registration Form. Once you have been approved

for bidding, you may place your bid.

Live Online Bidding

Once you have completed the registration process

and are approved for bidding, you will able to log in

and following the prompts to the auction to place

your bids.

How do I Place a Bid?

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Online Results:

You can easily find auction results via www.

watchauctionhq.com. Just click on Auction Section

and Auction Results after the auction has concluded.

Telephone Bidding

If you are interested in telephone bidding, please

provide at least 48 hours notification so we may assist

you in making the necessary arrangements for you.

Contact us at: salessupport@watchauctionhq. com.

Absentee Bids Online

If you are unable to participate in our online auction,

you can place your bid online prior to the start of the

auction. Just sign in and peruse the online catalog

for selected items. Click the Bid button and place the

maximum amount you would like to bid. It’s that

simple. If you are successful, you will be notified by

email.

Absentee Bids by Telephone, Email, or Fax

You may choose to place your absentee bid by phone,

e-mail or fax. Just fill out an Absentee Bid Form and

we will handle the rest. You select the maximum

hammer price you are prepared to pay. You may fill out

the interactive form on the web or download it. You

may also request one by contacting salessupport@

watchauctionhq.com.

Charges and Commissions to Buyers

Buyers are assessed the Buyer’s Premium. Sales tax

is normally not assessed since the state of Oregon

does not have a sales tax. However, there are some

instances where different tax rates will be charged

on the hammer price. For questions regarding your

invoice, please email accounting@watchauction.com

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Non-Payment Policy:

Please contact us for any problems that may occur

regarding payments. In the absence of appropriate

payment and/or explanation, the item will be

auctioned again. Further, you will no longer be able

to participate in our auctions and will be reported to

our partners.

Your Invoice:

The final price is the amount declared as the hammer

falls. Plus, the buyer’s premium. State of Oregon has

no income tax. However, there may be an occasion

where a sales tax may be applicable.

Your invoice will be directed to your registered email

address within 24 business hours after the close of the

auction. It will detail your purchases and all associated

fees. Should you have any questions regarding your

invoice please contact: accounting@watchauctionhq.

com.

Payment Deadline:

Winning lots must be paid for within 72 business

hours after the action has closed.

Methods of Payment:

Checks: We accept checks for payment of your

invoices. Checks will be electronically processed

and therefore, requires no delay in shipping your

purchases.

Cash: We do not accept cash.

Cashier’s Cheque/Bank Drafts/Money Order: All are

accepted and subject to verification.

Bank Wires: All wires must state the relevant

auction number, lot number and paddle number. If

transferring from a foreign currency, the amount

we receive must be the total due after currency

conversion and deduction of any bank charges.

Bank Wire direction will be included with your

invoice. Should you have any question please email:

accounting@watchauctionhq.com

Credit/Debit Cards: Visa and Mastercard

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Watch Auction HQ makes it

perfectly simple and easy.

Auction Terminology:

Absentee Bidder:

A person (or entity) who does not attend the sale but

submits in advance a written or oral bid that is the top

price he or she will pay for a given property.

Appraisal:

The act or process of estimating value.

As Is:

“As Is”: Also known as “as is, where is” and “in its

present condition.” Typically, this is a sign that no

return privileges will be granted.

Auction:

A method of selling property in a public forum through

open and competitive bidding. Also referred to as:

public auction, auction sale or sale.

Auctioneer:

The person whom the seller engages to direct,

conduct, or is responsible for a sale by auction. This

person may or may not actually call or cry the auction.

Auction Block:

The podium or raised platform where the auctioneer

stands while conducting the auction. “Placing (an

item) on the auction block” means to sell something

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at auction.

Bid:

A prospective buyer’s indication or offer of a price he

or she will pay to purchase property at auction.

Bids are usually in standardized increments

established by the auctioneer.

Bid Assistants:

Individuals who are positioned throughout the

attendees at the auction to assist the auctioneer,

spot bidders and assist prospective bidders with

information to help them in their buying decision.

Also known as ringmen, bid consultants, bid spotters

or groundsmen.

Bidder’s Choice/Grouping:

A method of sale whereby the successful high bidder

wins the right to choose a property or properties from

a grouping of similar or like-kind properties. After

the high bidder’s selection, the property is deleted

from the group, and the second round of bidding

commences, with the high bidder in round two

choosing a property, which is then deleted from the

group and so on, until all properties are sold.

Bid Caller:

The person who actually “calls,” “cries or

“auctions” the property at an auction, recognizing

bidders and acknowledging the highest bidder.

Commonly known as the auctioneer.

Bid Cancellation:

The cancellation of a bid by a seller. During online

auctions, sellers can cancel a bid if they feel

uncomfortable about completing a transaction with a

particular bidder.

Knowing the language makes it for you to succeed.

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Bid History:

A historical list of all the bids made on a particular

auction during or after the auction.

Bid Increments:

The standardized amount an item increases in price

after each new bid. The auction service sets the

increment, which rises according to the present high

bid value of an item.

Bidder (paddle) Number:

The number issued to each person who registers at

an auction.

Buyer’s Premium:

An additional service charge, for which the buyer is

responsible, may be added to the price of assets. If

so, this will be indicated in the Notice to Purchasers,

auction description, asset detail page or other clearly-

marked area.

Bid Retraction:

The cancellation of a bid by a seller. During online

auctions, sellers can cancel a bid if they feel

uncomfortable about completing a transaction with a

particular bidder.

CAI:

Certified Auctioneers Institute. The professional

designation awarded to practicing auctioneers

who meet the experiential, educational and ethical

standards set by the Auction Marketing Institute, Inc.

Catalog or Brochure:

A publication advertising and describing the

property(ies) available for sale at public auction, often

including photographs, property descriptions, and the

terms and conditions of the sale.

Caveat Emptor (Buyer Beware):

A Latin term meaning “let the buyer beware.” A legal

maxim stating that the buyer takes the risk regarding

quality or condition of the property purchased, unless

protected by warranty.

Clerk:

The person employed by the principal auctioneer or

auction firm to record what is sold and to whom and

for what price.

Competing Bid:

The auctioneer may be accepting bids for an item

from other sources these include (but not limited to):

• bids from an in-house audience

• telephone bids

• book bids

• absentee bids

• other bidding platforms

Commission:

The fee charged to the seller by the auctioneer for

providing services, usually a percentage of the gross

selling price of the property established by contract

(the listing agreement) prior to the auction.

Touching the world

with a keystroke.

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B Consignee:

The auctioneer or auction house operator to whom

goods are entrusted by another (consignor) for sale at

auction.

Consignor:

The person or authorized agent or entity who consigns

goods to an auctioneer. The consignor is usually the

seller.

Deadbeats:

High bidders who fail to pay for the item they won.

Escrow:

Money held in trust by a third party until the seller

makes delivery of merchandise to the buyer.

Estate Auction:

The sale of property left by a person at his or her

death. An estate auction can involve the sale of

personal and/or real property.

Grading:

The process for determining the physical condition

of an item. Different items have different grading

systems.

Hammer Price:

Price established by the last bidder and acknowledged

by the auctioneer before dropping the hammer or

gavel.

High Estimate:

The highest price a buyer will pay for an item,

submitted in confidence to an online auction service’s

automated bidding system to facilitate proxy bidding.

Lien:

An adverse claim or charge against an item when that

item is being used as collateral for a debt.

Lot:

An item or set of items for sale in an auction, lots are

normally denoted by a “lot” number.

Low Estimate:

The mandatory starting bid for a given auction, set by

the seller at the time of listing.

Market Value:

The highest price a property will bring in the open

market.

National Auctioneers Association:

A U.S. association of individual auctioneers united

to promote the mutual interests of its members;

formulate and maintain ethical standards for the

auction profession; promote the enactment of just

and reasonable laws, ordinances and regulations

affecting auction selling; make the public more aware

of the advantages of auction selling; and generally

improve the business conditions affecting the auction

profession.

Bid on one-of-a-kind items from around the world.

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Extraordinary collections

from around the world.

NR:

Short for “no reserve.” This indicates in the item

description line that the auction has no reserve price

specified.

On-site Auction:

An auction conducted on the premises of the property

being sold.

On-site Bidder:

A bidder who is physically participating at the auction

venue.

Outbid:

To submit a maximum bid that is higher than another

buyer’s maximum bid.

Preview:

Specified date and time property is available for

prospective buyer viewing and audits. Also known as

Open House or Inspection.

Proxy Bid/Absentee Bid:

A procedure that allows a bidder to participate in the

bidding process without being physically present.

Generally, a bidder submits an offer on an item prior to

the auction. Absentee bids are usually handled under

an established set of guidelines by the auctioneer or

his representative. The particular rules and procedures

of absentee bids are unique to each auction company.

To keep LiveAuctioneers a safe place for buyers,

LiveAuctioneers masks the absentee bid amount.

Other bidders cannot view your absentee bids in the

“Other Bids” section. All bids are kept confidential

from the auction house and other bidders.

Registered User:

A person who has registered as a member of an online

auction service. All online auction services require

registration prior to buying and selling.

Reserve:

The minimum price that a seller is willing to accept for

a property to be sold at auction. Also known as the

reserve price.

Reserve Price:

The minimum price a seller will accept for an item

to be sold at auction. This amount is never formally

disclosed.

Shill Bidding:

Fraudulent bidding by the seller (using an alternate

registration) or an associate of the seller in order to

inflate the price of an item. Also known as bid rigging

and collusion.

SMS Alerts:

Alerts sent via text message to your mobile device to

inform you when another bidder has placed a bid on

an item.

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Timed Auction:

Bidders may only leave absentee bids that will be

executed by the auctioneer after the listed ending

time of the auction. A “Timed” auction does not have

a live audience participating, therefore you will leave

your maximum bid that is only increased when you

are outbid. The current high bid will be made public

on the item listing, but your identity will remain

anonymous to both other bidders and the auction

house. If your absentee bid is the high bid, then you

will be contacted by the auctioneer as the successful

buyer.

Starting Price:

The likely starting bid for a given auction, set by the

seller at the time of listing.

TOS/Terms of Service:

TOS is a legally binding agreement that outlines an

auction site’s operating policies. All registered users

must agree to a site’s terms before using the service.

Grading Abbreviations:

AG/About Good A/O/All original BV Book value. C1-

C10 Complete/Almost Complete EX/Excellent EXMT

Excellent-Mint. Superior to Excellent, closer to Mint.

F/Fine G/Good GMMT/Gem Mint MIB/Mint-in-Box

MIMB/Mint-in-Mint-Box MOC/Mint-on-Card MOMC/

Mint on mint card MT/Mint NR/No reserve NRFB/

Never Removed from Box OOAK/One of a kind. OOB/

Out of box. OOP/Out of print Pristine VG/Very Good

o/c (oil on canvas)

Auction Types:

Dutch Auction:

This is an auction in which the seller lists multiple

quantities of an identical item. With multiple items up

for sale, multiple bidders can win. Also, one bidder can

try to buy more than one quantity. All winning bidders

pay only the lowest successful winning bid amount.

Yankee auction:

Each winning bidder pays his or her exact high bid.

Reserve Auction:

This is an auction in which the item for sale has a

reserve price. The reserve price is the lowest price at

which a seller is willing to sell an item. Although the

reserve price is not listed per se (the auction posting

will be marked as “reserve met”), it can be extrapolated

when a bidder bids at or above the reserve price. The

high bid will automatically be elevated to the reserve

price, providing the current high bidder with what the

seller would agree to sell at.

Straight Auction:

Also referred to as an absolute auction, this is an

auction in which there is only one item up for sale and

there is no reserve price. The seller sets the opening

bid and must respect the final price at the end of the

auction.

Absolute Auction:

An Auction where the property is sold to the

highest qualified bidder with no limiting conditions,

contingencies or amounts.

Online/Virtual Auction:

An auction that is for online bidders only and is not

conducted in front of a traditional live audience. These

auction types may have reserve items in which the

auctioneers may bid in order to protect the reserve.

Watch Auction HQFine Jewelry and Watch Auctioneers

www.watchauctionhq.com

salessupport@watchauctionhq.com

We trust that your experiences with Watch Auction HQ will be rewarding. If we can assist you in anyway, please contact us at:

salessupport@watchauctionhq.com.