Anyone bought from Sotheby's or similar?
Discussion
Have my eye on a watch currently at auction in Hong Kong.
Am I right in thinking Sotheby's takes a 26+1% cut on the hammer price, and then I have to deal with shipping, VAT and Duty when bringing the watch back to the UK?
Is there any "comeback" with Sotheby's if the watch is in a worse condition than described, or if it turns out to be a fake?
Muchas gracias!
Am I right in thinking Sotheby's takes a 26+1% cut on the hammer price, and then I have to deal with shipping, VAT and Duty when bringing the watch back to the UK?
Is there any "comeback" with Sotheby's if the watch is in a worse condition than described, or if it turns out to be a fake?
Muchas gracias!
In general auctions are bound by the law of place that the auction takes place, so in this case HK law.
Not sure there would be any comeback at all for condition issues, I am not sure how they describe things but it’s not unusual for auctions to be very vague with descriptions.
In the U.K. unless they state something as fact then they are not bound by it, so if they have not made representations to condition you have no comeback at all. They can’t mislead but that’s about it.
Not sure I would bother with an HK auction unless the watch was very cheap or very rare.
Not sure there would be any comeback at all for condition issues, I am not sure how they describe things but it’s not unusual for auctions to be very vague with descriptions.
In the U.K. unless they state something as fact then they are not bound by it, so if they have not made representations to condition you have no comeback at all. They can’t mislead but that’s about it.
Not sure I would bother with an HK auction unless the watch was very cheap or very rare.
nikaiyo2 said:
In general auctions are bound by the law of place that the auction takes place, so in this case HK law.
Not sure there would be any comeback at all for condition issues, I am not sure how they describe things but it’s not unusual for auctions to be very vague with descriptions.
In the U.K. unless they state something as fact then they are not bound by it, so if they have not made representations to condition you have no comeback at all. They can’t mislead but that’s about it.
Not sure I would bother with an HK auction unless the watch was very cheap or very rare.
I wouldn't normally bother with auctions either but the watch seems like a very good deal at predicted estimates, even factoring hammer premiums.Not sure there would be any comeback at all for condition issues, I am not sure how they describe things but it’s not unusual for auctions to be very vague with descriptions.
In the U.K. unless they state something as fact then they are not bound by it, so if they have not made representations to condition you have no comeback at all. They can’t mislead but that’s about it.
Not sure I would bother with an HK auction unless the watch was very cheap or very rare.
Might make a trip of it and collect in person too
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