People moaning about the auctioneers commission are clueless. The auction house could be rented, then there's the business rates, council tax, energy bills, staff wages, advertising items takes time and money, tax, VAT and the list is endless.
And the auction house would soon go out of business… the commission is how the auction houses make their money… would you work a full time job for free?
@Bladesmith The commission and VAT payable is the same at all reputable auction houses in the U.K. Might seem outrageous, but it is what it is. If you are selling something and you feel you can do better than at auction - go for it.
@@trollmeistergeneral3467 They do vary from one to another, and remember they get the commission TWICE for each sale. So for the watch they picked up nearly £2,000
@@keithclark6299 No they didn't - they have taxes, wages and other overheads like any business. Revenue isn't profit. They did nice out of it, but lets not over egg it
She got scammed on the egg pendant by 900 bucks. All day 500 to even 1 thousand,even more. Look it up 18 KT gold diamond enamel signed Faberge egg pendant. What a rip off, she needs to do more studying on her jewelry,so people don't take advantage of her. This dude is going to sell it for 10x what he paid.
Crazy isn't it. I found a omega watch in Northampton were I live. And had to hand It into the police. It was there for 11 months.. I thought it was mine. Then a guy pack packing in Australia came home and found that his house had been broke into... The watch was worth 11k 😭😭😭
What about the scores of items unsold and they make nothing on them after cataloging and researching the market place? This is all subsided from profits!
That rolex is worth 24 thousand pound when sorted tbh all it needs is a new sapphire crystal glass bit of polishing and buffing and a service lol dickinsons reckons it was worth 5 to 7 hundred absolute rip offs imagine he sold it for 500 lol
@@balance3201 yea thier loosing Value but 700 pound for that watch is absolute disgusting rip off as you could see in the auction it was worth a lot more and today's market price for that watch is around 18 thousand
@@theyliebutwhy8101 Like I said depending when it was aired in the 90 s you could get a sub for 1200 new no waiting , recently they have shot through the roof due to supply but a while back that was just a crappy rolex
O my goodness .so called expert said the Rolex Sub mariner GMT was a seamaster (wrong ) im flabbergasted that there was so much dought about the price goodness a 1960s Rolex GMT bezel .£20.00 + £4000 cheap
Gambled for the watch? Even in the state it was, any collector and enthusiast of the Rolex watch, would have bought it, repaired it, definitely knew was gonna sell for a lot of dosh.
@@jackmason4374 I believe Rolex keep an extremely comprehensive register of all their watches and who owns them. If that watch was indeed 'Found' and it's true owner had reported it lost, there could be some very challenging questions to be answered. Unless the 'Found' watch was handed in to the Police then returned to the finder as unclaimed. If it ever goes in to a reputable store for service or repair it could unleash a of difficult to answer questions.
@Jack mason depends if it was involved in an insurance claim or not. On pawn stars stolen items that ended up being bought by legitimate people who had the items for years but decided to sell, were completely legal for pawn stars to buy afterwords but only if insurance had paid out on the claim. For instance a man pawned them a coin he had for years and after the purchase it was ran through a database and came up stolen. Even though pawn stars already purchased it (all their items are run through a national database) but since the original owner had been "paid out" by insurance for the specific item, pawn stars were allowed to keep it and it was taken off the registry. Now had there not been any insurance on this item or a paid claim then it may have ended differently and had to be returned to original owner no matter how many hands it went through over the years and who ever ended up with it last (pawn stars) would have been the ones out of the money. Everything is a gamble if you aren't the original owner or from the family that owned it, especially if it doesn't include paperwork when you buy it.
That was so lovely to see the Rolex owner do well.
Wow am really chuffed for the Owner of the Watch, well done and fair play :)
Fantastic for the watch ⌚️
It would be worth triple that now
@@OsireionAbydos Maybe restored, yes.
Most of the dealers on here are tighter than a ducks arse and that's watertight.
People moaning about the auctioneers commission are clueless. The auction house could be rented, then there's the business rates, council tax, energy bills, staff wages, advertising items takes time and money, tax, VAT and the list is endless.
And the auction house would soon go out of business… the commission is how the auction houses make their money… would you work a full time job for free?
And they still do the work for the items that don't sell. It's swings and roundabouts.
£880 commission for the rolex is daylight robbery
He would have been better off putting it up for sale on Facebook market place!
Plus the Buyers premium and VAT
@@Edward1312 and getting robbed
@@Edward1312 and giving his address out to strangers who might want to pop back through the window at night to see if he has anything else
Kerkyra. Greek island, written in Greek on the stick.
The watch should have gone to a proper watch auction!
The walking stick guy looks like a mix of Jonny Rotten and Rod Stewart
The commission is outrageous at this particular auction .
@Bladesmith
The commission and VAT payable is the same at all reputable auction houses in the U.K.
Might seem outrageous, but it is what it is. If you are selling something and you feel you can do better than at auction - go for it.
@@trollmeistergeneral3467 They do vary from one to another, and remember they get the commission TWICE for each sale. So for the watch they picked up nearly £2,000
Several UK auctions don't charge the seller a commission
@@keithclark6299 No they didn't - they have taxes, wages and other overheads like any business. Revenue isn't profit. They did nice out of it, but lets not over egg it
@@robhollywood647 I mean gross of course!!! Remember they will have 200-300 lots!!!
The commission on that Rolex wow wish I was auctioneer few them gems every day walk home in gold shoes
About 17% commission jeezus. No wonder these auction house guys all live in big country houses!
The auction guy must be jay leno's brother
Jo is one tight Geordie, I wouldn't want to do business with her, in fact most of the women on this programme are reluctant to part with their money
That gold bracelet has over that estimate in 4 x gold sovereigns they are a joke with the valuation shocking
That watch was a bargin! This sort of place is not ideal when selling watches. It should of gone into a specialist watch action...
38:57 The auctioneer should be wearing a balaclava at those commission rates.
Perhaps you should open a lower rate auction house and show the world how it's done!
Yeah the sea master are among the most expensive
It's the GMT Seamaster, the GMT takes the value up because it's 24hr, more complicated, dated etc etc to a normal seamster.
£800 commission for the watch ⌚
Rolex sea master? It’s not an omega pet!
She got scammed on the egg pendant by 900 bucks. All day 500 to even 1 thousand,even more. Look it up 18 KT gold diamond enamel signed Faberge egg pendant. What a rip off, she needs to do more studying on her jewelry,so people don't take advantage of her. This dude is going to sell it for 10x what he paid.
imagine finding a broken watch and throwing it out and it being worth that.
Crazy isn't it. I found a omega watch in Northampton were I live. And had to hand It into the police. It was there for 11 months.. I thought it was mine. Then a guy pack packing in Australia came home and found that his house had been broke into... The watch was worth 11k 😭😭😭
£800 commission taking the piss
What about the scores of items unsold and they make nothing on them after cataloging and researching the market place? This is all subsided from profits!
That rolex is worth 24 thousand pound when sorted tbh all it needs is a new sapphire crystal glass bit of polishing and buffing and a service lol dickinsons reckons it was worth 5 to 7 hundred absolute rip offs imagine he sold it for 500 lol
Depends when this was aired. Rolex s are way overpriced nowadays.
@@balance3201 yea thier loosing Value but 700 pound for that watch is absolute disgusting rip off as you could see in the auction it was worth a lot more and today's market price for that watch is around 18 thousand
@@theyliebutwhy8101 Like I said depending when it was aired in the 90 s you could get a sub for 1200 new no waiting , recently they have shot through the roof due to supply but a while back that was just a crappy rolex
@@balance3201 well look at the bank notes on the table they will give you an indicator this wasn't aired in the 90s
Im afraid if she was buying something from me and she took the money out of her manky bra id be straight off to auction.
They love gold it's like buying £20 notes for £1
Yeah, it's call business. If you paid £15 for something as a business wouldn't you want to go on to earn a living?
Does anyone take their travelling cost into account by going to the auction
O my goodness .so called expert said the Rolex Sub mariner GMT was a seamaster (wrong ) im flabbergasted that there was so much dought about the price goodness a 1960s Rolex GMT bezel .£20.00 + £4000 cheap
Surely you would no the cost because I did was a rolex
Kerkyra is on Corfu. Beautiful place.
Here its 30% commission ,,,😢
Gambled for the watch? Even in the state it was, any collector and enthusiast of the Rolex watch, would have bought it, repaired it, definitely knew was gonna sell for a lot of dosh.
"It's a Rolex Seamaster". 😅😂 Wow, what an expert. What a steal anyway at 4900, now it's probably worth 4-5 times that, if not even more.
The woman with the gold got very very greedy
Shame it wasn't real Fabergé.
That egg was worth loads thief's
This episode was 20 years ago.
@@stevewilliams5428 I no I sat in my nans house and watched it my nan said the same thing back then
Imagine an antiques "expert" offering a client £220 for a Rolex watch. Was she clueless or trying to pull a fast one? She needs to do some research.
such poor prices,,
Allison lies through her teeth.
Alison is tight
why do the same vendors keep reappearing on the show? is the whole thing staged? probably
Selling your dads watch? This should be criminal unless your on your arse!
His dad found it allegedly, not quite the same as I if he had bought it Is it
@@jackmason4374 I believe Rolex keep an extremely comprehensive register of all their watches and who owns them. If that watch was indeed 'Found' and it's true owner had reported it lost, there could be some very challenging questions to be answered. Unless the 'Found' watch was handed in to the Police then returned to the finder as unclaimed. If it ever goes in to a reputable store for service or repair it could unleash a of difficult to answer questions.
@@philyew3617 not sure when the register was created I bought mine in 1980 and there was no mention of a register then
@Jack mason depends if it was involved in an insurance claim or not. On pawn stars stolen items that ended up being bought by legitimate people who had the items for years but decided to sell, were completely legal for pawn stars to buy afterwords but only if insurance had paid out on the claim. For instance a man pawned them a coin he had for years and after the purchase it was ran through a database and came up stolen. Even though pawn stars already purchased it (all their items are run through a national database) but since the original owner had been "paid out" by insurance for the specific item, pawn stars were allowed to keep it and it was taken off the registry. Now had there not been any insurance on this item or a paid claim then it may have ended differently and had to be returned to original owner no matter how many hands it went through over the years and who ever ended up with it last (pawn stars) would have been the ones out of the money. Everything is a gamble if you aren't the original owner or from the family that owned it, especially if it doesn't include paperwork when you buy it.
@@kes9612 I believe if the insurance has been paid then the item belongs to the insurance company
500-700 for a rolex,? without knowing the outcome it’s must be 2.500-3000 watch?
This episode was 20 years ago,
You should have watched the credits it was filmed in 2012.
Yes they are a rip off
Dealer pays over £1000 for scrap gold and only makes £20 profit £900 on the tablet take it or leave it enough words a take it or F OFF