Do your home­work to avoid ex­pen­sive buy­ing mis­takes

Weekend Argus (Saturday Edition) - - FRONT PAGE -

HERE’S an auc­tion tip from the US firm Sch­midt An­tiques.

The com­pany says learn all you can about the items you want to buy on auc­tion. Learn about the way peo­ple act at an auc­tion and learn about each auc­tion­eer’s idio­syn­cra­sies.

Some­times a buyer pur­chases an item they know lit­tle about. They may buy it on “feel” or pure spec­u­la­tion. Some­times this ap­proach can pro­duce large profits, but it can also pro­vide a very ex­pen­sive “ed­u­ca­tion” through mis­takes. – Auc­tions Writer

Re­search the item and the per­son con­duct­ing the auc­tion be­fore buy­ing.

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