How it Works
To bid in our auctions, you will first need to sign-in to your account. Once you have been verified, you will then be able to place your bids.
All our auctions have a “soft close” - this means that any bids placed in the final minute of the auction will extend the closing time by another minute until no more bids have been received. All watches listed are in our possession for the duration of the auction and will then be shipped to the winning bidder.
Each watch has been carefully inspected, photographed, and cataloged. The entire auction process is managed internally, allowing clients to bid with absolute confidence.
Current Auction
FAQs
Some of our most frequently asked questions are answered below.
If you are unable to find the answer to your enquiry below, please do not hesitate to contact us at our direct number +852 5180 0120 or email us at service@highendtime.com.
First, ensure that you are signed into your account and have completed the registration process. T
o place a bid, visit the individual page for the watch you intend to bid on, then use the plus (+) button next to the bid total to increase your bid, then click on the “bid now” button.
You will receive an email confirmation to confirm that you have the highest bid, as well as an email notification if you are subsequently outbid.
We believe that an auction ends when the bidding stops. We adhere to a “soft close”, meaning that in the last minute of each sale, a subsequent bid will extend closing time by an additional minute.
The auction closes when the minute has elapsed with no further bids.
All bids placed in our auctions are final and cannot be removed or amended once they are placed.
Non-paying bidders will be removed from the platform and will not be able to participate in future auctions.
Bidders pay a 5% commission on top of the ‘hammer’ price. Compared to traditional auction houses which charge buyers premiums ranging from 10-30%, this results in better customer value and a more transparent auction experience.
The winning bid is the final price and the commission charges are added on top once the auction has ended.
If you have won the lot you were bidding on, you will receive an email confirmation immediately following the end of the auction.
Our Accounts department will send you the final invoice in addition to payment and shipping instructions.
Our auctions are open to bids from our global customers and members.
Please note that watches sold internationally will be subject to local import taxes and duties. Buyers should familiarise themselves with any charges or restrictions relevant to their country before placing a bid.
As a seller you will pay a USD 500 flat fee to have your watch auctioned through us. This fee will be deducted from the final sale amount of your watch.
Our offer includes the following benefits:
- Up to 10 professional photographs of the watch
- Detailed check of condition and authenticity
- Social media marketing through Instagram and across our established dealer and collector networks
A reserve price (agreed upon by both parties) can be added on for an additonal USD 250.
All shipping and customs charges for sending your watch to us will be your responsibility.
Our platform ensures that your watch gets the maximum exposure and our fees are the lowest in the industry and significantly lower than other established auction houses.
A traditional auction house transaction could take over 90 days from start to finish whereas we aim to release payment within 30 days of you sending us your watch.