Asking Price
A buying, selling or valuation term used in the watch market: Asking Price.
Definition
A buying, selling or valuation term used in the watch market: Asking Price. Asking price is the amount a seller advertises or requests for a watch. It is not evidence that comparable watches actually sell at that level and should not be treated as market value without transaction evidence.
Why it matters
Asking Price is part of the negotiation/transaction process and should not be confused with an independent estimate of market value.