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Thoughts on declining values...
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March 11, 2021 - 12:50 pm
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Clarence, you didn’t think the 25 or THIRTY Win 52s that were all sold at that same auction were a buyers market?  I didn’t consider fees and such, but saw some very cheap prices.  

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March 11, 2021 - 2:24 pm
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AZshot said
Clarence, you didn’t think the 25 or THIRTY Win 52s that were all sold at that same auction were a buyers market?  I didn’t consider fees and such, but saw some very cheap prices.    

In the first place, such a large batch of the same guns going on the block at the same time was a highly atypical sale, from which it would not be reasonable to draw conclusions about average market prices.  In the second place, what is a “buyer’s market”?  To me, it would mean a discount of at least one-third off the average value.

Someone said the average price was about $850, which I assume meant the price before fees & tax was added, which would bring the buyer’s cost up to about $1000, which is only slightly bellow the average selling price for garden variety 52s on GB.  And as everyone knows, or should know, GB prices are almost always “top end” prices. 

It’s possible that within that group, some may have sold for well below average.  What did the 2 Sporters bring, the average price for them in top cond. being about $4000?  Even if they sold for, say, $3000, what does commission & tax bring that to?

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March 13, 2021 - 6:16 am
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Clarence, as you probably know when supply exceeds demand we can safely call it a “buyers’ market”. I don’t know the 52 market but a large number of high quality specimens on the auction block could fit that scenario. It may be too early to say how this offering will affect the market. Time will tell. 

 

Mike

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March 13, 2021 - 3:09 pm
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TXGunNut said
Clarence, as you probably know when supply exceeds demand we can safely call it a “buyers’ market”.

Supply did NOT exceed demand–not even with such a phenomenal number of them going on the block all at once.  Did any remain unsold, or sell for exceptionally low prices, as would have occurred in a true buyer’s market?  Not at all.

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