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Ruger SP101
DSeckt
Member Posts: 5 ✭✭
Is there any rhyme or reason to the pricing on the auctions? I've been looking at the SP101 2 1/4 357 new, and everything I see is priced higher than 3 out of 3 local gun shops. Add Shipping to a FLL and their cost.. Way more... All I see is the reserve is equal to SELL NOW price... No Deals? Why have it at auction?
Dan
Dan
Comments
Thanks!
For them buying on auction may be a good option.
If you don't like the auction prices, either wait until you see a better auction price or buy the gun somewhere else.
Its called the "free market", and it works pretty well.
Dan
Yes, a lot of sellers are playing games. Sometimes you see page after page of items that never sell, & they are relisted week after week, for eternity. This makes it hard to find the serious seller who is really willing to put his gun out there & sell his gun at whatever the market brings.
"Playing games" is encouraged by the fact that there is no listing fee on GB. But, that may be good because those folks scared to start an auction at a low price can put out a "test balloon" without charge, then lower the price when it is re-listed.
Personally, I save a lot of time by not even looking at auctions with a reserve price.
Neal
Your now experiencing the "Market". Prices will go up and down depending on who's listing, how bad they need money, what there listing. I think you get the idea.
Yes you are going to find listings for guns that are way out of line with the real world.
These listing will be pulled or price adjusted as time shows the listee (?) that no interest was generated.
Please be aware that I am not discussing collectors stuff or antique's merely the recent production stuff you can see at the local gun shop or pawn shop.
My thoughts have always been as follows: you buy a new car you drive it off the lot it is now not worth as much as a new car same make and model.. Don't believe me? Try taking that car back to the dealer you got it from and try to get your investment back.
This is called: depreciation! It applys to everything!
So yes to some extant I agree with you! How can someone list a gun for exactly what he paid for it, knowing full well it must be shipped and fee's paid to a dealer to handle the paper work at the buyers end?
It is a free market and "buyer beware" the best tip you can get.
As far as the listing's go? It is what it is. How bad do you want it and how much are you willing to pay to get it?
Hope I get everybody thinking on this.[8D]
It may take a while, but there could be a GOOD deal come through.
Well, not everything.
Yes, a lot of sellers are playing games. Sometimes you see page after page of items that never sell, & they are relisted week after week, for eternity. This makes it hard to find the serious seller who is really willing to put his gun out there & sell his gun at whatever the market brings.
"Playing games" is encouraged by the fact that there is no listing fee on GB. But, that may be good because those folks scared to start an auction at a low price can put out a "test balloon" without charge, then lower the price when it is re-listed.
Personally, I save a lot of time by not even looking at auctions with a reserve price.
Neal
Well two points:
Every market has a "bid" and an "ask". . .that's how free markets work.
There is absolutely nothing wrong with asking a lot for a gun you are selling, hoping someone bites.
As long as someone else is offering the same gun at auction for less, any bidder can and will take the better price.
If you are a serious buyer, this shouldn't affect you at all. If you don't like the price, you don't buy. It really is that simple. So long as you know what you are willing to pay, GB makes it easy to find auctions in your price range with their electronic search feature.
Also, there is nothing stopping anyone from putting out a lowball bid on a gun with a reserve price, even if you know your bid is likely less than the reserve.
I do this all the time, and I've noticed at least once that when my bid was in reasonable "fair value" range, the seller later re-listed the gun at a minimum (instead of reserve) price.