Do your homework to avoid expensive buying mistakes

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.