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mjuarez0829 said
http://www.gunbroker.com/item/609130846
Alright boys…..tear it to shreds!!!
No, nothing needs to be done except to simply laugh out loud. The seller is a certified nut-case, and his written auction listing is just way too damn funny. I especially like his claim below… apparently his idea of dropping the price “very often” is just one penny at a time.
i am starting this auction at 25,500.00. if it doesn’t get any bids.., i will lower the price, VERY OFTEN, until it DOES get a bid(s).
WACA Historian & Board of Director Member #6571L
Oh right. DON’T BUY THE STORY, BUY THE GUN.
Bert H. said
No, nothing needs to be done except to simply laugh out loud. The seller is a certified nut-case, and his written auction listing is just way too damn funny. I especially like his claim below… apparently his idea of dropping the price “very often” is just one penny at a time.
i am starting this auction at 25,500.00. if it doesn’t get any bids.., i will lower the price, VERY OFTEN, until it DOES get a bid(s).
wait for it……wait for it……..ok…….LOLOLOLOL
January 26, 2011
Offline
Looks like he wiped it down with Vaseline to make it even more irresistible.
~Gary~
pdog72 said
Looks like he wiped it down with Vaseline to make it even more irresistible.
Only after buffing and polishing all of the factory markings off of the barrel and then hot tank bluing it.
Bert
WACA Historian & Board of Director Member #6571L
At the rate at which he is reducing the price, he should reach market value in about 75 years.
sb said
At the rate at which he is reducing the price, he should reach market value in about 75 years.
I believe that you are being overly optimistic.
Assuming that he continues his rate of reduction at $ .06 per 3-day auction, that is only $ 7.30 per year. He started his auction at $25,500 (and it has been running for well over a year now), and he needs to adjust it all the way down to just 1% ($255) of that number to get it in the proverbial ball park. So, let’s do some simple math;
$25,500 (asking price) – $255 (real value) = a ∆ of $24,745 (one hell of a profit margin!)
$24,745 ÷ $7.30 per year = 3,389.726 years !!!
Just for fun, let’s assume he increases his price reduction rate to $1.00 per auction.
$24,745 ÷ $121.666 per year = 203.38 years !
Bert
WACA Historian & Board of Director Member #6571L
With the kind of chutzpah that fellow demonstrates, we should ship him off to North Korea to see if he can sales-talk them into surrendering their nuclear arsenal (if they have one).
It is very late in the year…about 36 hours to go. And that asking price is just about the best laugh I have had all year!!!!!!
Michael
Model 1892 / Model 61 Collector, Research, Valuation
win38-55 said
With the kind of chutzpah that fellow demonstrates, we should ship him off to North Korea to see if he can sales-talk them into surrendering their nuclear arsenal (if they have one).
Bert H. said
sb said
At the rate at which he is reducing the price, he should reach market value in about 75 years.I believe that you are being overly optimistic.
Assuming that he continues his rate of reduction at $ .06 per 3-day auction, that is only $ 7.30 per year. He started his auction at $25,500 (and it has been running for well over a year now), and he needs to adjust it all the way down to just 1% ($255) of that number to get it in the proverbial ball park. So, let’s do some simple math;
$25,500 (asking price) – $255 (real value) = a ∆ of $24,745 (one hell of a profit margin!)
$24,745 ÷ $7.30 per year = 3,389.726 years !!!
Just for fun, let’s assume he increases his price reduction rate to $1.00 per auction.
$24,745 ÷ $121.666 per year = 203.38 years !
Bert
You’re not adding in the appreciation in value over time. 
I’d say over time, none of us will have a speck more “appreciation”
for it than what we have now. And to help with the math: Appreciation=0.
And looking into my crystal ball, the next seven or so generations will also have that same amount of appreciation. Math again: 7gen x 0 Appr=0. (Finally, my math education is becoming useful!)
My appreciation for it can only go up over time…..I don’t think it is possible to think any worse of it than I do now.
I just figured out my retirement plan … now to get to work on those barrel markings in my collection.
He increased the amount he’s dropping it between auctions now. He dropped it $.14 the last time.
sb said
He increased the amount he’s dropping it between auctions now. He dropped it $.14 the last time.
It is now down to just $25,499.10 ! Hurry and get you bids in before the seller adds in this year’s inflation rate !!
Bert
WACA Historian & Board of Director Member #6571L
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