Lots of people these days have a passion for collecting gas pump globes and for good reason. Most of the time these globes can be used quite effectively both as a stylistic statement as well as a smart investment for the future. They tend to be quite expensive though, so much so that you might just think twice about buying them in the first place. That is to say, they tend to be expensive if you’re not well versed in the art of the auction and don’t know what you’re doing when you actually attend one.
There are a few tips and tricks that you can implement at auctions for the purpose of acquiring your favorite vintage gas pump globes at a price that is much more reasonable than what might have initially seemed possible for you. One thing that you need to do is never bid first. Bidding first is very difficult, and you shouldn’t do it until and unless you have acquired a fair amount of additional experience. The reason for this is that you need to start the first bid as low as possible so that the final price doesn’t end up being too high. However, you can’t bid too low as this would not be taken seriously and would give you a poor reputation within the community at the end of the day.
Learning the art of the first bid is essential, but until and unless you learn it you shouldn’t do the first bid. Instead let someone else go for it while you feel out the room. Wait until the right moment and then make your bid. Remember, it’s always better for you to be as informed as possible.