That really works?

Ever since the fishing Industry was started was back in the late 1800s, the industry has been dominated by big fishing lure companies like Rapala, Storm, and Strike King. Then there were those small miscellaneous companies that sold unusual lures with questionable value. Perhaps that is why these miscellaneous companies stayed miscellaneous.
In the 1920s three of these miscellaneous companies produced a lure to look like a wounded baitfish, leeching blood. Abbey and Imbrie sold the Glowboy Minnow which was filled with a luminous liquid. Big State Bait Company offered the Survivor which offered a trapdoor in its belly where blood tablets could be inserted to leak fake blood into the water. Finally the Bleeding Bait Company offered The Bleeder which was also equipped with blood tablets to give the look of a bleeding fish.
Other odd fishing lures included a type that worked to preserve the bait instead of having to re-buy new bait over and over. The Detroit Glass Minnow Tube from about 1914 was a cylindrical glass aquarium like structure with hooks. The live minnow could be placed inside with water but it would be protected from strikes and could be reused over and over. An alternative was the Detroit Minnow Bait Cage, a two hook lure made out of wire where the minnow was caged inside.
Because of all these odd ideas, today’s fishing industry has come up with many different attractors to work on catching fish. It is estimated that about $300 million is spent per year on today’s higher-tech lures. The director of a single research facility has overseen 40 thousand experiments done to better catch fish.
Even though all these odd old day lures are being overtaken by the new fancy lures of today, their value has increased to remarkably high value. John Waldman reports in 100 Weird Ways to Catch Fish that a 1909 Chautauqua Minnow in its original box started at 99 cents and after one week and 44 bids, the winner of the auction paid $45,855 for the lure in its original case.
A bit of advice, if you have one of these extremely old fishing lures, do not just through them out. You never know how much some of them can actually be worth even if they do not catch fish.

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