Auctions can be a wonderful place to buy collectibles. Sometimes you can buy at auction cheaper than you can anywhere else. Many dealers do much of their buying at auctions. Here are a few tips:
• Attend specialized auctions of particular items rather than large, general auctions, where a wide variety of items are sold.
• Attend wholesale auctions, which have a large amount of dealers.
• Attend auctions where there is a need to sell (i.e., estate sales, bankruptcies and more).
• Attend auctions where there is no minimum bid.
• Set price limits on each item you’re bidding on, and don’t go beyond your limit.
Auctions are usually advertised in the weekend section of major newspapers. You can also get on the mailing list of auctions in your area by calling up the auctioneers in the Yellow Pages and asking them to keep you informed of upcoming events.