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1866 Sold at RIA
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May 16, 2021 - 4:41 pm
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If this gun really sold someone lost a lot of $$$.  This gun sold for $250,000 a few years ago.  Leroy bought it for a little less. Not sure who bought it from Leroy.  The current consignor may be the loser?  See Lot# 3012.  

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May 16, 2021 - 5:16 pm
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Some of the RIA prices are through the roof.  For example, a really nice Model 1897 riot gun made in 1917 with an estimated sales price of about $2,000 sold for $22,500 !

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May 16, 2021 - 5:31 pm
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Chuck said
If this gun really sold someone lost a lot of $$$.  This gun sold for $250,000 a few years ago.  Leroy bought it for a little less. Not sure who bought it from Leroy.  The current consignor may be the loser?  See Lot# 3012.    

What did it sell for today?

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May 16, 2021 - 5:40 pm
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What is it with RIA where individuals repeatedly overpay for firearms, and excessively so, whereas this is not so prevalent with other auction houses?  It sounds like hanky pinky to me, except it isn’t obvious enough to prove, and it might not even be true.

But, it causes me to not even bother looking at what RIA has to offer.  Even mundane guns quickly become too deep for my pockets.

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May 16, 2021 - 5:41 pm
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 At RIA they show sold but when the prices realized is posted it’s a blank line. Time will tell if the 66 really sold.

 Looks like Winchester’s brought good money, even that 1894 with the ugly lion head stock brought $4,250 plus the juice. T/R

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May 16, 2021 - 6:05 pm
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TR said
 At RIA they show sold but when the prices realized is posted it’s a blank line. Time will tell if the 66 really sold.

 Looks like Winchester’s brought good money, even that 1894 with the ugly lion head stock brought $4,250 plus the juice. T/R  

That thing was fearsome ugly. I was at the viewing and handled it….YIKES!  Everything I wanted went for 2X more than what I was willing to pay. I figure I was competing with all of those folks that had Biden Bucks to throw around. Unfortunately my wife confiscated all my Biden Bucks.Cry

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May 16, 2021 - 6:07 pm
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Confession:  I didn’t get any Biden bucks due to my income and I still find RIA way too rich for my blood!

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May 16, 2021 - 6:16 pm
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mrcvs said
What is it with RIA where individuals repeatedly overpay for firearms, and excessively so, whereas this is not so prevalent with other auction houses?  It sounds like hanky pinky to me, except it isn’t obvious enough to prove, and it might not even be true.

But, it causes me to not even bother looking at what RIA has to offer.  Even mundane guns quickly become too deep for my pockets.  

 RIA is a well oiled selling machine! If you have the money you or anyone else in the world can own some nice guns. No worries, clear title, you see what you get, shipped, insured, and can be bid on the phone, internet, or in person. The price for that is a 30-40% markup for RIA.

 The dealers that do there home work and sit in the front row buy there and sell for a profit. They have to know what they can sell the gun for and when to stop bidding. Big dealers and seller get fee discounts. Buyers for resale have a tax number and are not hit with sales tax.

 If I see something in their auction that I want bad, I’ll set a price, bid, and buy if it’s in my price range. T/R

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May 16, 2021 - 9:03 pm
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Most everything I had on my watch list sold high.  The 1879 Win shotgun sold for $10,000. The 85 45 Ex went for $7500 which may not have been bad?  Who knows what it looked like in person and I believe it was British proofed?  One of the WW II trench guns went for $9500.  The early 66 box of ammo went for $4250.

The 66 in question sold for $110,000.  My friend is smiling from his grave.

I was watching 2 early 1900 and 1902 Colt Semi Auto US pistols.  $20,000 and $13,000.

No bargains for me.

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May 16, 2021 - 9:38 pm
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 When I see these guns sell high, I feel good because what I have is worth a lot. When I see guns go cheap, I tell myself that’s good I can buy them cheap. The second statement is just a vain attempt to make myself feel better. This auction should make all collectors feel good. T/R

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May 16, 2021 - 10:09 pm
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I know the consignor.  He paid 126k for the gun at Julia’s a few years back. 

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May 17, 2021 - 10:37 pm
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TR said
 When I see these guns sell high, I feel good because what I have is worth a lot. When I see guns go cheap, I tell myself that’s good I can buy them cheap. The second statement is just a vain attempt to make myself feel better. This auction should make all collectors feel good. T/R  

This is very true, and funny! 

A man can never have too many WINCHESTERS...

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May 17, 2021 - 11:33 pm
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Chuck said
If this gun really sold someone lost a lot of $$$.  This gun sold for $250,000 a few years ago.  Leroy bought it for a little less. Not sure who bought it from Leroy.  The current consignor may be the loser?  See Lot# 3012.    

Interesting that the top end of their estimate was only $150,000 given it sold for $250,000 a few years ago.  

By the way, the “price realized” was $126,500.

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May 18, 2021 - 1:13 am
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steve004 said

Interesting that the top end of their estimate was only $150,000 given it sold for $250,000 a few years ago.  

By the way, the “price realized” was $126,500.  

I can’t explain it.  My friend Doug Beneck owned this gun for decades.  Only Leroy knows who he sold it to and for how much.  How many owners since Leroy no one knows but it lost over $100,000 in less than 10 years?

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May 18, 2021 - 11:41 am
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Leroy is very good about getting top dollar (Not a criticism just an observation) for guns. The 30″ half round 1866 that was in this auction he paid $16k or so for it at Julia’s a few years ago. Sold it for 25-30k to the consignor and it resold in this auction for 12k plus the premium. 

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