What’s the Catch With Jewelry Auction Sites?

Jewelry auction sites seem too good to be true, you can see fabulous pieces on offer for incredibly low prices that you can enjoy for yourself or even sell on for a tidy profit.

Why is their jewelry so much cheaper than the high street? Well firstly selling anything online has much lower overheads than selling through a physical retail outlet. Passing these savings on to the customer ensures more sales at a decent profit.

If you want to buy jewelry from an auction, then you can visit https://www.allbids.com.au/c/jewellery-watches.

Secondly, the auction model is based on setting start prices substantially lower than they can be found elsewhere – even online.

 If the item you want is being sold at the same price or lower on a regular website, why engage in a bidding war and end up paying more than you should?

So with a very low initial price you as an antidote to standing a very real chance to win a no-bid item other for a real bargain price. Or on the other hand as a seller, you can put on items that take a lot more than you could hope to get to it through conventional methods – even in the high street.

The starting price should be low enough to entice people to bid on an item – and ideally keep bidding up the way it is on the actual value of the item.

Are all the stories about fraud correct substandard products are sent out, the stones are swapped out and the certificate does not match the actual piece? With some of the jewelry auction sites that may have occurred at some stage but chances are they will not be around for a long time so it's best to look for more established sites that have stood the test of time.