longknife12
Member
As with any auction, figure what it's worth to YOU, then walk! I have bought a number of old Winchesters in the final minutes by this theory.
Dan
Dan
And, the mistaken belief that because something is rare, it is automatically valuable....Some people have an opinion that what their selling is worth way more than it really is,due to overpaying themselves or because it is the "in" gun at the time.
That's what I'm seeing with the 3rd gen S&Ws. Smith had so many different model configurations, each with a unique model number, that all but the 5906 can be considered "rare". Some are paying top dollar for a "rare" pistol that has few if any spare parts available, and little or no support from the factory.And, the mistaken belief that because something is rare, it is automatically valuable.
Or on any other online sale site?
Do Used Guns Ever SELL on GunBroker.com?
Wow. That's quite a sense of economics you got there.I have bought a few used guns on gunbroker, so I am sure that they do sell. When I shop on gunbroker I usually look for auctions that start low and have no reserve. In my experience the sellers that use reserves or just have a high starting or buy it now price are looking to get top dollar for their guns and don't care how long it takes waiting for a desperate buyer.
I would like to see an auction site like gunbroker that does not allow reserves and all auctions start at $1. That way the seller either accepts fair market value (AKA what buyers bid on it) or they don't waste our time. I completely understand if a seller really likes their gun and does not want to sell it unless they get a certain amount for it, but setting a high starting price or reserve is not allowing the market to decide. When a seller does that they are attempting to bend the market to their own will. Even if it does sell 2 months down the road that does not mean that is what the gun was worth all along. It just means that either demand increased or someone got desperate.