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… not when a standard rifle sells for $23,000 (plus juice/taxes/etc.):
Must have taken them by surprise too – note the high end of the auction was $12,000
Yipes!! Not “antique”, not a Take Down, and nary a special order feature… just a vanilla plain Sporting Rifle in very nice condition. Condition is King!!
Bert
WACA Historian & Board of Director Member #6571L
November 7, 2015
Online
Well….it DOES have an octagonal barrel. Wow.
Mike
WOW!!! It may be time to clean out my collection at those prices!! Especially interesting since the same rifle sold last June at RIA for a “whopping” $6900!! There were a couple guys who REALLY wanted this rifle. https://www.rockislandauction.com/detail/79/1002/winchester-model-1892-lever-action-rifle
Michael
Model 1892 / Model 61 Collector, Research, Valuation
Some folks elect to overpay for select items. I challenge the purchaser to recoup his $27,600 investment anytime soon. And that assumes no sales tax is added, the bidding platform was at Morphy’s directly, and a credit card was not used for the purchase. (20%). And this doesn’t include shipping.
They could have saved a few thousand and bought this one. It’s a takedown and letters with special sights.
https://www.thewinchestergrove.com/1892/203xxx.htm
Don
deerhunter said
They could have saved a few thousand and bought this one. It’s a takedown and letters with special sights.https://www.thewinchestergrove.com/1892/203xxx.htm
Don
Nice. But the problem with this one is that it’s not an auction 😉
steve004 said
Nice. But the problem with this one is that it’s not an auction
Not a problem, an advantage. Wish the Dream Team, instead of planning to ban on-line gun sales, would just ban gun auctions.
well this makes me feel a like i scored a hell of a deal for the 92 i just bought…….
clarence said
steve004 said
Nice. But the problem with this one is that it’s not an auctionNot a problem, an advantage. Wish the Dream Team, instead of planning to ban on-line gun sales, would just ban gun auctions.
Clarence –
Is it really any fun unless you’re bidding against others? The thrill of beating the competition 😉
The last man standing!
steve004 said
Clarence –
Is it really any fun unless you’re bidding against others? The thrill of beating the competition 😉
The last man standing!
Don’t think that’s not a BIG part of it! Never heard anyone say “maybe I paid too much, but damned if I was going to let so & so take it away from me”? And if so & so was willing to pay such & such, doesn’t that “prove” it was worth at least that much?
clarence said
steve004 said
Clarence –
Is it really any fun unless you’re bidding against others? The thrill of beating the competition 😉
The last man standing!Don’t think that’s not a BIG part of it! Never heard anyone say “maybe I paid too much, but damned if I was going to let so & so take it away from me”? And if so & so was willing to pay such & such, doesn’t that “prove” it was worth at least that much?
Clarence –
I do recognize the competitive bidding is often a big part of it. That’s why seller’s often love auctions. I also agree many a bidder has made the leap of thought you suggest – that if someone else is bidding back and forth with you – it must be worth that much. Too bad that other bidder is sometimes a shill 
I am curious as to what others think this one is really worth, and so I guess my question is what would YOU pay for it? Or, conversely, is there ANYONE out there who thinks 23k plus ancillary fees is worth it for this one?
mrcvs said
I am curious as to what others think this one is really worth, and so I guess my question is what would YOU pay for it? Or, conversely, is there ANYONE out there who thinks 23k plus ancillary fees is worth it for this one?
Ten months ago, the top end of what it was worth was $6900. Have Winchesters gone up that much in ten months? I will admit, in hindsight, $6900 now seems like a heck of a bargain.
steve004 said
I will admit, in hindsight, $6900 now seems like a heck of a bargain.
Yes, Rock Island auctions are famous for bargains.
November 7, 2015
Online
I visited with a couple of auction reps this past weekend in San Marcos. One (Dave Bushing) even felt I would get top dollar for some “brown” guns on my table at his auction. He really wanted my “eye candy” 98% M61 Magnum but the folks at Morphy wanted it too. I kept it for “eye candy” at the Cody show. A friend at the next table had a couple of very nice “Deluxe” 1873’s that would likely command twice his bottom dollar at one of the big auctions. I could have sent 4-5 guns back with Dave and probably netted more than I was asking for them last weekend. I don’t understand what’s going on with the auctions but I know there’s some serious money to be made.
Quite honestly, I’m a collector. Bottom line is I only have a limited number of guns I want to take to Cody in July and I want to have a few that will attract buyers and trades. I’ve already decided I only need one table unless my shooting buddy gets a kitchen pass. I sold several guns last weekend and only lost money on the one I made a mistake buying. Quite honestly I got more than I was expecting on that one.
One wise old gun collector’s advice is to “never sell” but I don’t have that luxury. If you want to free up some working funds to reshape your collection now may be the best time to do it.
Mike
TXGunNut said
One wise old gun collector’s advice is to “never sell” but I don’t have that luxury.
Sure, that’s very wise, provided you’re rich to start with. I’ve always had to sell in order to buy.
steve004 said
Ten months ago, the top end of what it was worth was $6900. Have Winchesters gone up that much in ten months? I will admit, in hindsight, $6900 now seems like a heck of a bargain.
A rifle like this, with condition but really no special order features, I would have guessed $6000 would be about the maximum for this. I suppose if you purchased from an auction with a 15% buyer’s premium (which is increasingly uncommon), that would put you at the $6900 mark. Makes me really think seriously about selling a few 1894 rifles I have, although they are not 1892s, they do have condition!
Folks, hearkening back to my college days and a course in probability and statistics–there is always the possibility of “outliers” that just don’t fit the standard distribution of probable outcomes. Unless more of these sales that seemingly show a burgeoning of the market for the seller, i would be very reluctant to draw a serious conclusion as of yet. One data point does not make a trend. My opinion, at least. And we all have those! Tim
tim tomlinson said
Folks, hearkening back to my college days and a course in probability and statistics–there is always the possibility of “outliers” that just don’t fit the standard distribution of probable outcomes. Unless more of these sales that seemingly show a burgeoning of the market for the seller, i would be very reluctant to draw a serious conclusion as of yet. One data point does not make a trend. My opinion, at least. And we all have those! Tim
Tim – I agree with your point but it seems we have a lot of data points coming in – which suggest a trend to me. Earlier in this thread, Mike’s recent Texas gun show experience supported this trend as well. One of my collecting focuses is vintage bolt action rifles – specifically Ross rifles. I hang around with a small group of dedicated Ross collectors. In the last year, one of our members had several dozen of his rifles auctioned off in Canada. The majority sold for very high hammer prices – prices that were inexplicably high to all of us. The other odd thing was we could not figure out who was buying them – no one we knew anyone who had won one – which was very unusual. As was stated earlier, there is some big money being spent. For many of these sales, I am sensing buyers are not very knowledgeable or discriminating about what they are buying.
It reminds me a bit of the ammunition panic. It is at the point that if there is any type of ammo on the shelves, people will rush to buy it – whether they have a firearm in that caliber or not. I went into Walmart last weekend. I have gone into that store for the past 20 years and always take a swing past the sporting good section. The ammunition shelves were completely empty. I’ve gone past those shelves hundreds of times and never seen that before. I stared a long time as I could not visually reconcile what I was seeing. After, I stopped at the local gun shop. I’ve been going in there for 36 years. I’ve never been in there before when they did not have a supply of powder. There was not a container of powder in the place. And of course, not a primer in the place. They had a few boxes of 20 gauge and 10 gauge shells and few boxes of oddball ammo. While I was there a fellow walked in and asked if they had any 9mm or .45 in stock. They looked at him as though he had asked the craziest question they had ever heard.
I don’t know how tightly this all ties together, but I’m sure seeing some things I’ve never seen before in my life.
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