How to Buy Fine Jewelry at Auctions

Untitled1234There are a lot of precious jewelry collections you can avail at auctions. But some people still don’t know how to bid them correctly at auctions. They are still questioning themselves on how they should start to buy fine jewelry. Here’s what experts have to say to them, “Don’t be afraid to buy something and make a mistake.” If you are afraid and don’t make a mistake then you haven’t tried enough. Don’t be afraid to make a mistake because you are not going to make the same mistake again. Plus, the next time, you won’t be so afraid to try.

Every time people make mistakes, this is what they must say to themselves: if I had to take a degree in antique jewelry it would cost at least £50,000 in college tuition. So, every time I buy something and lose money, I write it down. So far, I haven’t finished my degree. It’s a fantastic way of looking at it. Think about it: with each mistake you make, you’re not losing money but you’re earning your degree! If you don’t even want to try then you’re not going to get it, and you’re just going to go through life on the sidelines.

Here’s a wonderful tip on how you can start out. You can go to museums and look at the best jewelries first so your eye is trained to look at great and authentic pieces. You want to judge everything against that. Then, you must start buying and reading auction catalogues. There’s nothing like going to an auction, reading the catalogue, and seeing things sold.
Finally, you take the challenge. Set aside your budgeted amount of money, say £500. Ask yourself, “What is the best thing I can buy for £500?” You could end up getting a great silver bracelet, or a nice piece of earrings. From there, you can now move up the ladder. Maybe next time you want to buy a good jewelry set. Set a budget with your money again, and decide what you want to focus on buying. Do you want it in silver or gold?

Do you want colored stones or do you care more about design? There are a lot of unique designs within auctions. You just have to train your eyes to recognize which pieces you really love and what speaks to you.

The whole jewelry world is available everywhere, in museums, exhibitions, auctions and auction catalogues. At auctions, you can see what’s been made, what’s being bought, and what’s being sold. There is definitely nowhere else you can see that.

For more tips on how to get better at auctions, visit the Ian Whittock Linkedin page here. You can also connect with Ian Whittock on Twitter. Read the Ian Whittock Crunchbase page to learn more about claims and appraisals and watch Ian Whittock video on Youtube here..