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Daily Mirror
Daily Mirror
Business
James Andrews

Man making 'small fortune' picking up overlooked gems at auction explains how

Christopher Manning has made a “small fortune” from buying items at auction houses and reselling them on eBay.

In fact, the 25-year-old from Sunderland has made more than £1,000 over the past three years.

Top finds include some old Abba posters bought for £15 then sold for more than £250 and a £35 trumpet sold on for £290.

And now he's sharing exactly how he pulls it off.

“I started buying and selling from Boldon Auction House in Sunderland in 2017," Christopher, a member of money saving community  LatestDeals.co.uk , said.

"I would go along to the open viewings on a Tuesday afternoon from four to six and view the lots that were for sale."

Christopher, who is unemployed due to epilepsy and an accident that left him in a wheelchair, recommends sticking to what you know when hunting for goods to sell on.

"I played as part of The Boys Brigade in South Shields from the age of 13 to 15 playing the trumpet so I had some knowledge of brass instruments, and also I knew how profitable it could be if I could find the correct pieces at the right prices and clean and fix them then sell them on,” he said.

And that means he tend to focus on instruments.

“Normally I would look for vintage instruments such as accordions, trumpets, violins and dulcimers, or posters that had been hand-signed by bands or film producers," he said.

He has also learnt where to look to find the best stuff.

“The posters I would normally find would be hidden in the bottom of boxes that people hadn't searched properly before putting into the auction," hesaid.

And once he's tracked down a hidden gem, the profits can be big.

"Some of the items I've bought from the auction have been great bargains: I bought a Boosey and Hawkes Trumpet for £35 and later found after doing some research online it was worth just over £300, so I put it up for auction starting at £100 and it went for £290 after eBay took their cut. It was posted to a man in China who paid an extra £200 for postage! 

“I also bought ABBA posters, which were in a bundle for £15. There were 4 posters and each of them sold for between £60 and £80.”

He also advises doing your homework before parting with cash.

“I would advise anyone else who wants to look into doing this to do a lot of research into buying from auction houses first - you can’t just buy online and hope for the best, you need to make sure you can view the items and know that they are working before you buy them," he said.

“You should also do your research on the item first once you've seen it to know your profit margins to make sure you don't bid too high and then make no profit on it.”

eBay is Christopher's preferred place to sell (iStock Editorial)

As to the best place to sell, Christopher recommends eBay as there are fewer time-wasters than on Facebook marketplace.

“I have only ever know how to deal with musical instruments and posters to make profits so that is all I have stuck to,” Christopher says.

“However, if there are people out there who know how to deal in other items that they know the value of, and can buy cheap from charity shops and car boot sales and then sell them for a profit at a higher price on eBay then they should do so.

“At the end of the day, hunting for a bargain is an enjoyable hobby and I’ve found some things in the past that have cost me next to nothing and have made me a small fortune!”

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