If you’ve been hanging out in the Watch Gang Exchange lately, you’ve probably stumbled across a few auction posts by the ‘King of Auctions’, Charlie Kyle. A member since November 2017, Charlie says he joined Watch Gang out of curiosity and to learn more about watches. He never had much interest in watches before Watch Gang, but becoming a member helped him develop a taste for watches and kick off a hobby of buying and collecting watches. He’s now a member of all three tiers and has a collection of over 50 watches in rotation.
We took some time to get to know Charlie and also got him to spill some of his secrets to running successful auctions in this exclusive interview…
Charlie’s Watch Gang Experience
Charlie first signed up as a Platinum Tier member back in November. He only planned to get one month and then cancel. He never really had much interest in watches but he loved the watch. “I got a nice watch, a really good value”, says Charlie. So, he decided to stick around.
He says he finds Watch Gang to be both a fun and educational experience. The auctions give him a chance to try a lot of watches he wouldn’t have otherwise found on his own — whatever he ends up buying but doesn’t want to keep, he posts in his auctions.
Even though he’s only been a Watch Gang member for under a year, Charlie is now a bona fide watch collector with dozens of watches in his collection at any given time. He buys a lot of his watches from The Wheel, from the WGE community, and from retailers on his own.
So what are the watches he could never part with? Charlie says the BOLDR watch he got for being the Member of the Week in WGE will never be up for sale, as well as the Bulova square dial watch he recently received. His top three favorite brands from Watch Gang so far are Carrero, Vostok, and Melbourne. And his Grails: An Omega Moon to Mars or a Rolex Submariner.
How the ‘Auction King’ Got His Start
Charlie says his first auction experience wasn’t exactly a good one. “I jumped in when I first joined, this was back in December,” says Charlie. “I started out with something like 7 watches…but I posted 7 different auctions for them, back to back. I didn’t know about the rules until a member reached out and told me I could only do one auction in 24 hours,” explains Charlie. “But it was too late by then! People had already started bidding and I couldn’t shut them down.”
After that experience, Charlie dedicated his free time to studying auctions on WGE. He wanted to get really good at hosting auctions because he knew he could move a lot of watches and sell them to people he felt would follow through. “I got comfortable with trading in the WGE and liked the positive environment. So I spent a lot of time seeing how other members were running their auctions, what they were doing to get people to bid, what wasn’t working…”
After a few months of studying, Charlie ran his first successful auction on March 12 and he’s been hosting auction after auction since then. Hint: Keep an eye out for flame emojis all over a post, Charlie’s signature auction style. He also reaches out to new members that might be cautious about bidding or buying in WGE because he knows it can be a little intimidating at first. “Reaching out to members is a great way to break the ice. It helps when more people participate,” says Charlie. Charlie says he’s always happy to give advice and answer questions members might have about watches, auctions, or anything else, via Facebook any time.
Auction Tips for WGE Members
With dozens of successful WGE auctions under his belt, we had to ask the King of Auctions: What does it really take to get people bidding? Since WGE is such an active community, many posts easily get buried and some people don’t feel comfortable participating.
Charlie says one of the best things a host can do is, “Don’t get overly involved in the process. You just have to set it and forget it. Don’t take bids personally — if people aren’t bidding or the highest bidder doesn’t meet your ideal number, you just have to roll with it.”
Charlie says one of the worst things you can do is bump an auction post after somebody bids. “It’s almost insulting to the bidder!” says Charlie. “You just have to wait for other people to participate and engage with the post or you’re basically saying what they bid wasn’t good enough.”
Another pro tip: “Start your auction price very low,” says Charlie. “That way, you can get more people interacting with the post because the price has to drive up. If you start too high, you’ll get a lot of people thinking too much about the price instead of trying to win.”
Be sure to join the fun in the WGE and hunt down Charlie Kyle on the exchange if you have questions or just want to say hello to the King of Auctions himself!
More Member Spotlight interviews coming soon, stay tuned…