It’s one thing to buy jewellery and it’s another thing to go to an auction and buy one there. If you want something fancy that you can wear to a business trip or a ball then, by all means, what you need is simple jewellery.
However, simple is not the style for everyone.
If you have attained a level wherein you can attend upscale events then there’s a need to surpass the typical jewellery that we are all aware of. Unfortunately, these types of jewellery cannot be found in just any kind of store or mall. You need to go to an auction sale to be able to get the most valuable pieces of jewellery.
But in order for your attempt to be successful, here are some tips on how to master jewellery live auctions.
- Research About The Provenance Of The Jewellery
The provenance refers to the history of ownership of the particular item that you are eyeing. Chances are if the jewellery was owned by the famous or people from the royal family, it won’t take long before the price of the item skyrockets.
In that case, if the current price is at a level you can afford, it would be a wise decision to close the deal.
Not only will you benefit from the item as a piece of jewellery but there will also come a time when you will be able to sell it for a higher price. Items that you find in a live auction are often rare. If there is something we know about rare items, it is that their value just keeps on going up.
- Watch The Market
You don’t always to go to an actual live auction each time there are ancient hip hop jewelry sets on sale. There are also websites where you can watch the process of live auctions. This will help you learn a thing or two about the basics.
Most of the time, people who go on online live auctions, are already quite experienced with the process. That way, when the one who has always been eyeing on finally goes to the auction, you would have already picked up some skills that will help you win the deal.
- Study The Gemstones
It is imperative to find out where the gemstone came from. You need to do some research about the origin of the gemstones including the suppliers and the mines where they came from. There will also be a preview session during the action. Make sure that you examine the clarity, colour, and saturation of the item. This is also a good time to check how the jewellery was treated for the past couple of years.
- Decide On A Budget Beforehand
Once you visit a live auction, there is a possibility that all the excitement might start to get into your head. Indeed, live auctions are exciting but you must be careful not to get too ecstatic as you might end up offering a deal too high for your finances. It would be best to have a budget range for the item you want to auction for. This will enable you to make informed decisions during the live auction.
Bottom line
People don’t go on live auctions every day and the first time that you do can be both exciting and intimidating, especially with all the wealthy people exclaiming their high-priced offers. However, with a bit of research and experience, it won’t take long before you will get the hang of all the terminologies and process. Right then, live auctions will start to become a normal thing.
