Frequently Asked Questions
Questions a Seller might have
What is replacement cost new?
The market value cost of your timepiece new including brand, model, type and year. If your timepiece has been discontinued, an insurance underwriter will find a similar timepiece in current production as close to the brand, model, type, and year as yours and grant an insurance claim for the similar timepeice.
What is a reserve?
A reserve is the minimum price the seller (consignor) is willing to accept and below which the seller's timepiece will not be sold. The seller (consignor) and GlobalWatchBrokers.com, LLC mutually agree on an appropriate reserve, which is confidential but may not exceed the low estimate. Unless otherwise indicated, timepieces sold by GlobalWatchBrokers.com, LLC is offered subject to a reserve.
When will I receive payment?
After the buyers 3 days right of recession you will be paid via certified check, wire transfer, or pay pal. All wire transfer and pay pal fees will be deducted from your funds.