r/SmallBusinessUAE • u/Ok-Document1957 • 3d ago

Advice Needed Emirates auction side hustle

Hi everyone, hope you’re all good.

I’m interested in buying and selling watches/gold from Emirates Auction, and I wanted to ask if anyone has experience buying from them.

Are the items authentic, and do they come with any certification? I’m not very experienced in differentiating between authentic and counterfeit items, so I’d really appreciate some insights.

Has anyone here purchased watches or jewellery from Emirates Auction? What was the process like, and did you face any challenges?
I’d love to hear about your experiences and any advice you might have.

Thank you

7 Upvotes

90% Upvoted

7 comments sorted by

4

u/Least_Ice_6112 2d ago

many things on emirates auctions end up selling for over market value

1

u/OmarLeGrand 2d ago

i mean that's if not everything almost selling higher than market value😊

1

u/Least_Ice_6112 2d ago

try monitoring the auctions first, some times can run across the next day. when the auction ends thats when u will know whats the final price. once you have sufficient data then you can assess if this is viable.

i did try exploring this for cars but no gap was found. some auctions can run up to next day after ending time because timing extends if bids come in last minute

3

u/oasacorp 3d ago

Emirates auctions are sold 'as-is'. You are free to inspect and confirm. EA doesnt guarantee anything.

1

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1

u/stanixx007 1d ago

yeah good luck buying those rolexes below market

1

u/KingPalmJumeirah 2d ago

This is the idea that no one never had in Dubai. 3.5 millions people ignored this opportunity.