Nobel Prize
··Spell Master!An auction house is technically really the same as a dealer. It’s just a consignment deal but then again, even HQ Milton sells on consignment sometimes.
In some cases Unsold lots go back to owner, in other cases the auction house owns the item and just rolls it into the next relevant auction.
But consignment aside the function is the same. Both a dealer and an auction house will take the watch from the user/ owner, verify it’s authenticity and then, without using it themselves, will sell it at a premium justifies by their “stamp of approval”
The amount of hands the watch goes through in both cases is identical, as is the amount of users/ owners.
In some cases Unsold lots go back to owner, in other cases the auction house owns the item and just rolls it into the next relevant auction.
But consignment aside the function is the same. Both a dealer and an auction house will take the watch from the user/ owner, verify it’s authenticity and then, without using it themselves, will sell it at a premium justifies by their “stamp of approval”
The amount of hands the watch goes through in both cases is identical, as is the amount of users/ owners.