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Collector Shot Gun at 1/2 Value

idahogunbrokeridahogunbroker Member Posts: 131 ✭✭
edited November 2013 in Ask the Experts
Still no buys on this fine collector shot gun. Help 376845346

Comments

  • charliemeyer007charliemeyer007 Member Posts: 6,572 ✭✭✭
    edited November -1
    In this economy I think it will take some time to sell a ten thousand dollar shotgun that isn't gold inlayed or beset with jewels.

    http://www.GunBroker.com/Auction/ViewItem.aspx?Item=376845346
  • rufe-snowrufe-snow Member Posts: 18,650 ✭✭✭
    edited November -1
    Let it run through 3 full 14 day cycles, on the auction. Than drop the price 10%. Keep on doing that until you hit the sweet spot, and it sells. Whining about it on the forum because it don't sell at your price, is a exercise in futility.
  • burpfireburpfire Member Posts: 1,158 ✭✭✭✭
    edited November -1
    that gun is in an EXTREMELY small market area! there are not many people looking to spend 10,000.00 on a 410 shotgun! if it was me, I would try listing it as a trade deal on GunBroker or take it to a cabelas and trade it off. the only other option is to start it at a penny and see where it ends up.
  • nmyersnmyers Member Posts: 16,890 ✭✭✭✭
    edited November -1
    You haven't told us if this is your shotgun, or if you are selling it for a customer. Either way, I understand that the time & money you can put into the gun to sell it may be limited.

    If it were my gun to sell, I would pay a wood repair expert to fix the scratches & dings on the stock. I'm guessing that a previous owner took it into the field, a sure way to lower a gun from "collector" to "nice looking shooter".

    I am put off when a seller tells me something broken would be easy to fix. If the cleaning rod is so easy to fix, then YOU fix it! Or, buy a new one of high enough quality that it looks like it came with the shotgun.

    Your photos still aren't good enough; you need to pay someone with better equipment to take high quality photos. (Most "wedding" photographers also have "studio" experience.)

    Neal
  • competentonecompetentone Member Posts: 4,696 ✭✭✭
    edited November -1
    I don't know anything about what that shotgun should sell for, but do know "Verbal appraisal by two large gun stores" is meaningless in determining value.

    Any legitimate appraisal needs to have the name of the appraiser -- and be in writing -- to have any validity. That appraiser needs to have a good reputation in the field to have legitimacy.

    There are also different appraisals: there is "replacement value" (what one would argue an insurance company should pay for a loss of an item); and retail, wholesale, and "fire sale" prices on used items. There can also be a wide discrepancy in prices based upon relatively small differences in condition -- particularly true with "collectables."

    As has already been pointed out, you are dealing with a very small market when you get to firearms valued in the thousands-of-dollars price-range. You have to expect it to take time to sell such an item, even if you determine it really is being offered at "1/2 value."
  • mark christianmark christian Member Posts: 24,443 ✭✭✭✭
    edited November -1
    Your photos are still sorely lacking but are better than the first time around. In fact they are good enough now to make it clear that this is not collector quality gun; the issues with the stock make it a very fancy shooter, which is fine but not at that price. To be quite honest that gun screams for a English straight stock and is what a buyer would expect to see on a small frame .410. It is a nice gun but has issues which are going to prevent much interest in bidding at your opener. Oh yes, I agree with Neal...Repair the cleaning rod yourself or buy a replacement. For $10K I would NEVER expect to see a broken accessory inside the case. In fact I would expect to see real wool rather than felt lining in the case and it makes me suspect that the first owner (or some owner) did not consider the gun a collectors piece. These are little issues but they do add up.
  • Spider7115Spider7115 Member Posts: 29,704 ✭✭✭
    edited November -1
    quote:Originally posted by competentone
    I don't know anything about what that shotgun should sell for, but do know "Verbal appraisal by two large gun stores" is meaningless in determining value.

    Any legitimate appraisal needs to have the name of the appraiser -- and be in writing -- to have any validity. That appraiser needs to have a good reputation in the field to have legitimacy.

    There are also different appraisals: there is "replacement value" (what one would argue an insurance company should pay for a loss of an item); and retail, wholesale, and "fire sale" prices on used items. There can also be a wide discrepancy in prices based upon relatively small differences in condition -- particularly true with "collectables."

    As has already been pointed out, you are dealing with a very small market when you get to firearms valued in the thousands-of-dollars price-range. You have to expect it to take time to sell such an item, even if you determine it really is being offered at "1/2 value."

    +1 If two gun stores appraised it for $14,000-$18,000, why didn't they buy it for $8,900? It seems that they're giving up a lot of potential profit.
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