Dollars and Pounds
Scotland’s auction was one of my favorites. The way the auction lots were separated was very advantageous for a buyer. They had bags full of gold rings, watches, necklaces. It was crowded and difficult to preview the assortment of high end items. Not only is the jewelry valuable because of its precious metal, but it was higher quality than I’ve seen before. The truth of the matter is that European jewelry is far superior in quality and detail. It seems they just take more pride in craftsmanship. Going to another country to buy goods is challenging. I can try to value items in US Dollars, but I’m buying with British pounds. ie: Lot #101 Vintage Guitar. I think I can sell it for $125 US Dollars. GBP to 1 dollar = .62 * 125 = 77.50. So I have to then buy it for under 40 British pounds + auctioneer commissions. It’s easier with a single item like a guitar. Try a bag of 50 watches, valuation, currency swap, profit? Long story short when you’re looking at 500+ lots in 2 hours this can get confusing really quick. The auction was long and we stood start to finish. No doubt this auction wasn’t a walk in the park. Competition was fierce and I fought hard for the lots I won. I’m glad I was able to buy both quality & quantity in Scotland. I got great items and good prices. The whole trip for me was a success and a destination I can foresee traveling back to.
– Mark Meyer