Star Buyers Auction is trusted by people in Japan and around the world because their business auctions are so useful for purchasing. The interest Star Buyers Auction is generating is obvious from the rapid increase in international participants. For this article, we asked Star Buyers Auction partners from around the world for their impressions of their experience with Star Buyers Auction and what benefits it offers.
Star Buyers Auction is a business auction that is attracting attention as a supplier of watches and jewelry
To achieve better purchasing, buyers must have more suppliers. In Japan, the used market is one potential purchasing route, but in other countries, it is common to purchase goods in-house and through transactions at exhibitions, wholesale, and between traders. There have been high hurdles to participating in Japanese auctions from overseas; for example, it is required to establish a domestic office and to obtain a Japan-specific license called a Secondhand Dealer Permit.
In Japan, the used market is one potential purchasing route, but in other countries, it is common to purchase goods in-house and through transactions at exhibitions, wholesale transactions, and transactions between traders. There have been high hurdles to participating in Japanese auctions from overseas; for example, participants are required to establish a domestic office and to obtain a Japan-specific license called a Secondhand Dealer Permit.
However, things began to turn around due to the impact of COVID-19 from 2020 onward. The pandemic made it difficult to hold auctions in-person, and with the recent spread of digital technology, more buyers around the world are turning to online auctions as a new purchasing option. Specifically, there has been a rapid global increase in the number of buyers using the Japanese business auction Star Buyers Auction as a supplier for luxury watches, jewelry, bags and other used goods. Since the service went online in 2020, the number of Star Buyers Auction partner members has increased significantly as well.
Specifically, there has been a rapid global increase in the number of buyers using the Japanese B2B auction Star Buyers Auction as a supplier for luxury watches, jewelry, bags and other used goods. Since the service went online in 2020, the number of Star Buyers Auction partner members has increased significantly as well.
Excerpt from Valuence Holdings, Inc.’s Financial Statements for the Third Quarter of the Fiscal Year Ending August 2021
Also, as the number of overseas partners of Star Buyers Auction increased, the overall ratio of winning bids by overseas partners has increased as well.
Excerpt from Valuence Holdings, Inc.’s Financial Statements for the Third Quarter of the Fiscal Year Ending August 2021
The overseas partners ratio is as follows.
Star Buyers Auction is operated by the Valuence Group, which has seven local branch subsidiaries in France, the United States, and other locations. This allows the company to support its partners in Europe, the Americas, Asia, Oceania, the Middle East, and Africa, and help them to participate in auctions smoothly.
For this article, we asked partners from around the world about how their companies are using Star Buyers Auction and what benefits Star Buyers Auction offers.
Comments from international partners who use business auctions
Now, let's take a look at some of the overseas partners participating in the Japanese business auction Star Buyers Auction.
"We really appreciate the abundance of their listings."
Star Buyers Auction partner Mr. A, based in Asia, offered the following comments.
"We’ve been using Star Buyers Auction since the first week of February 2021. Now online auctions constitute about 30% of our total purchasing, and all of that comes from Star Buyers Auction. We really appreciate the abundance of products and the extensive service offerings. As far as fees go, I do wish it were a little cheaper, but overall, we’re satisfied."
One European partner, Mr. D, had this to say.
"We’ve been relying on Star Buyers Auction since 2020. Before then, we were unaware of Star Buyers Auction and we purchased from Sotheby’s and Christie's. We still use multiple auction companies, but Star Buyers Auction’s great variety and abundance of products suit our needs."
Buyers around the world favor Star Buyers Auction, even among Japanese auction companies, for its abundant lineup of 25,000 products each time, including luxury watches, jewelry, and brand-name bags. One of Star Buyers Auction’s strengths is its unique purchasing routes. For details, see "More than 25,000 products available each time! How can Star Buyers Auction have such an abundant lineup? We interviewed the people in charge to find out."
Star Buyers Auction is also structured to provide extensive product information, with plenty of resources to support its partners and make it easy for them to make bidding decisions. For details, see "What information does Star Buyers Auction provide on its Product Information Screen?"
"Star Buyers Auction offers the most personal support."
Take a look at this message from Mr. B, a Star Buyers Auction partner in Asia.
"We participated in Star Buyers Auction for the first time in the first week of February 2021. We had been purchasing from wholesalers in Japan, Hong Kong, the Americas, India, and Australia. Online auctions currently account for about 25 to 30% of our overall product purchasing, and most of that is from Star Buyers Auction. This is partially because we have a comfortable relationship thanks to the personal support Star Buyers Auction has provided since we first started participating in their online auctions."
Because all interactions are completed online, Star Buyers Auction is committed to reinforcing its support system. Star Buyers Auction offers support starting from first-time participation in B2B online auctions. For details, see "Never used a B2B online auction before? Learn how to register and get support from Star Buyers Auction."
"It’s great that they hold auctions every two weeks, which means a stable source of high-quality products."
Mr. C, a partner in the Americas, gave the following comments.
"We’ve always purchased from general consumers, dealers, and other auctions like Sotheby's and Christie's, but now we’re relying heavily on Star Buyers Auction. Online auctions account for about 10 to 20% of our purchases, 60% of which comes from Star Buyers Auction. What’s great about Star Buyers Auction is that they have a diverse lineup of products and that they hold auctions every two weeks, which means a stable supply of high-quality products. Another thing we like is how wide the product price range is compared to other auctions."
Star Buyers Auction partners often say that they appreciate the extensive selection of quality products. One of the reasons for this is that Star Buyers Auction has unique purchasing routes for high-quality products as well as a repair and maintenance system. For more on this, see "Why Star Buyers Auction has watch repair technicians on staff."
For purchasing through business auctions, choose Star Buyers Auction
If you use Star Buyers Auction, it’s simple to participate from outside of Japan and you can achieve profitable purchasing. It’s easy to apply online to participate in Star Buyers Auction. If you have any questions about membership registration or any concerns about online auctions, you can consult directly with the person in charge at an online information session.
Star Buyers Auction is always working to expand its services and to be more useful for participating partners and their businesses. You can submit any inquiries here.
