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How to Buy Jewelry at Auction

Watch more Buying, Spending, & Shopping Tips videos: Subscribe to Howcast's YouTube Channel - Learn how to buy jewelry at auction by following these tips. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - Howcast Video Games Channel - Howcast Tech Channel - Howcast Food Channel - Howcast Arts & Recreation Channel - Howcast Sports & Fitness Channel - Howcast Personal Care & Style Channel - Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Compare prices Preview auction items and check the auction estimate of the piece you're considering. If it's fairly modern, the jewelry manufacturer may be able to provide its retail price. If it's an older piece, look at recent prices for similar designs. Step 2: Look at the quality Look at the quality and materials of the piece. Consider the size and value of each component, especially the metal and the stones, as well as the piece's maker. Tip Read the documentation and terms carefully, especially the fine print, before you bid. Consider paying with PayPal or a credit card rather than cash. Step 3: Talk to the auctioneer Contact the auctioneer to ask questions. Ask for photos of any signatures or markings that will help establish the piece's authenticity. Step 4: Invest in an appraisal Consider paying for an appraisal, especially if you're bidding online and you can't see or touch what you're buying. Use an independent gemologist who is also an appraiser, and ask the seller or their representative for a sales receipts with details in writing. Step 5: Resist temptation Decide how much you are willing to bid and abide by it. Resist getting caught up in a bidding war, unless, of course, you absolutely have to have it. Did You Know? The Hope Diamond, displayed at Smithsonian Institution in Washington D.C., is 45.52 carats and was discovered in India in the 1600s.
Length: 01:51


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