The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

The case is in very good condition with no signs of wear or polishing. The hallmarks in the band absolutely flawless. The dial as well in perfect condition. 
The movement is in working order at the time of cataloging, consistent with the age of the watch. The movement has not been tested for accuracy.

The condition of lots sold can vary widely due to factors such as age, previous damage, restoration, repair and wear and tear. The nature of the lots sold means that they will rarely be in perfect condition. Lots are sold in the condition they are in at the time of sale.