.45 Luger... a bargain!


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rmfnla
March 15, 2010, 07:55 PM
Anyone seen this?

http://www.latimes.com/news/local/la-me-luger15-2010mar15,0,7573316.story

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MachIVshooter
March 15, 2010, 08:16 PM
shoot, at that price, I'll take two!

(just as soon as I pay off my house, that cost half as much......)

Shear_stress
March 15, 2010, 08:29 PM
Steven Spielberg scores another rare firearm (probably!)

Rembrandt
March 15, 2010, 08:34 PM
Like most rarities, it's how the item is packaged and timing of the sale. This gun didn't really get the pre-sale publicity others have and times are tough even for the uber-rich. My guess would also be Spielberg.

On Sunday, under very different economic circumstances, the coveted .45-caliber Luger found a new owner for half that price at a public auction in Anaheim.

The gavel came down at $430,000 from an anonymous bidder. With the 15% buyer's premium, the 103-year-old weapon fetched $494,500.

"It's a great bargain; he'll be very happy," said Greg Martin, whose company, Greg Martin Auctions, ran the sale. "The mystery of the million-dollar Luger has been solved by the market. But it will always be known as the million-dollar Luger."

Proxy bidder Paul Cole, president of Gun World in Burbank, said he represented a celebrity who chose to remain anonymous.

"The buyer has a huge firearms collection," Cole said. "He wanted to make this the crowning jewel of his collection. He's really excited; he's in tears. And it's really hard to get him excited."

Martin had hoped for a higher price, noting that last year his firm auctioned the Colt Single-Action Army revolver, Serial No. 1, for $862,500, one of the highest prices ever paid at auction for a firearm.

http://www.latimes.com/media/photo/2010-03/52736750.jpg

solvability
March 15, 2010, 08:39 PM
I got a couple of those for the kids to play with - ought to go check the toy box and see if they are still around.

Kernel
March 15, 2010, 08:52 PM
I hope I can buy MY next used gun for HALF the asking price. This is a GOOD sign. Maybe this crazy ever climbing market has finally turned around.

SlamFire1
March 15, 2010, 09:16 PM
I wonder if the Luger collecting craze is dying down. The WWII and 50's generation were really into Lugers. But then they were also into Model A's. As they have died off the Model A market has really softened, I wonder if the Luger market is following that trend.

For me, a Luger is a curio. I don't care for 9mm. Not practical at all for self defense: Two hands to operate the safety, balky magazine, reputation for being fincky with ammo. With fixed sights it would be a bother to sight in.

Nicodemus38
March 15, 2010, 09:16 PM
well if you had 30,000 you could purchase one of the handmade replicas.

Officers'Wife
March 15, 2010, 09:22 PM
It's still cheap for that little piece of history.

Double Naught Spy
March 15, 2010, 09:32 PM
well if you had 30,000 you could purchase one of the handmade replicas.

They were being made in Houston, Texas were they not?

FIVETWOSEVEN
March 15, 2010, 09:47 PM
For me, a Luger is a curio. I don't care for 9mm. Not practical at all for self defense: Two hands to operate the safety, balky magazine, reputation for being fincky with ammo. With fixed sights it would be a bother to sight in.
two hands to operate the safety? I've only held a luger and I could do it one handed easy, I could learn to switch it off on instinct.

jobu07
March 15, 2010, 09:51 PM
As they have died off the Model A market has really softened, I wonder if the Luger market is following that trend.

Let us pray... I could really go for an affordable Luger. :)

2RCO
March 15, 2010, 09:57 PM
A .45 Luger is a true piece of history but for that price I could get about 10 other super highly historical guns. I once turned down a really nice Paterson Revolving shotgun for $15k serial number was 3 as I recall. I've kicked myself for not buying that one but 15k was a serious stretch for me at the time.

Larry Ashcraft
March 15, 2010, 10:14 PM
Off topic, but:
As they have died off the Model A market has really softened
Not so much. Ten years ago $8000 would buy a nice Model A. Today, a nice one will bring $20,000.

paintballdude902
March 15, 2010, 10:56 PM
i was always taught that collectibles were the worst form of investments

either way if i had the money to play with i would have attempted to buy it

phinfan
March 15, 2010, 11:11 PM
I guess to each their own, the market may be softening on "million dollar lugers", but the market on the regular ones has not.

I absolutely love lugers, if the prices were falling, I would be very happy, as that would mean I could buy more.

If you have an honest luger, the last thing I would worry about is its value depreciating.

Hatterasguy
March 15, 2010, 11:13 PM
Nice, if I had a bunch of cash sitting around I didn't need, I'd buy one. Better than collecting 1% interest in the bank.

I love Lugers and anything German military related.

9mmepiphany
March 15, 2010, 11:17 PM
They were being made in Houston, Texas were they not?
are you talking about the stainless ones?

we used to have a gentleman out here in northern CA who used to make them in his workshop by welding together 2 9mm Lugers, his work was beautiful and he left them in "the white" with a finish that looked like stainless. i think his name was martz

Drail
March 15, 2010, 11:27 PM
Well, good luck finding magazines for THAT!

dec41971
March 15, 2010, 11:28 PM
Steven Spielberg scores another rare firearm (probably!)
Steven Spielberg is Jewish, would he buy a "Nazi Gun"? :uhoh:

I know I know, no offense but I have seen these things often referred to as such in the media. :evil:

mp510
March 16, 2010, 12:03 AM
Read the caption- the buyer is not Spielberg.

An Indonesian billionaire purchased this .45-caliber Luger, one of only three made for the U.S. market in 1907, for $1 million in the late 1980s.

Zoidberg523
March 16, 2010, 12:19 AM
Read the caption- the buyer is not Spielberg.

The Indonesian man is the one who bought the firearm originally, not at this recent auction.

killgrill
March 16, 2010, 12:26 AM
I guess that ends the argument about investing in firearms.

Full Metal Jacket
March 16, 2010, 01:45 AM
the .45 luger sold for 1 million 10 years ago to the previous owner. there' only one still in existence. guns & ammo had a big article about the sale. (back when i still read gun rags lol)

not totally surprised to see it sold for half that recently. collectibles frequently rise and fall in value/popularity. coins, stamps, comic books, etc...

Palehorseman
March 16, 2010, 02:22 AM
There was a time when the Iraelis used a lot of Nazi guns. I have a Nazi FN 98-Mauser they converted to 7.62 Nato back in the 1960s.

19-3Ben
March 16, 2010, 07:43 AM
Steven Spielberg is Jewish, would he buy a "Nazi Gun"?

Um....I am, and I do. I like the irony. Hitler would spin in his grave to know that the guns made for his military were arming a Jew.

Why are people guessing Spielberg? Does he have a gun collection? the only Hollywood gun collector I know of is Steven Segal.

SaxonPig
March 16, 2010, 08:28 AM
I think 50 45 cal Lugers were made for the 1907 tests and I recall 2 have survived, but maybe it's just the one.

Seems like I have heard that Spielberg collects guns but not sure and no idea if he bought this one.

Not a Nazi gun. Made in 1907 and Nazis came to power in 1933.

19-3Ben
March 16, 2010, 08:31 AM
Not a Nazi gun. Made in 1907 and Nazis came to power in 1933.

I was thinking that. Forgot to mention. Good point.

Rembrandt
March 16, 2010, 09:17 AM
Some of you guys must not have read the article very closely....

Only three were made and two survived. The other is in a Louisiana museum.

In 1949, collector Sidney Aberman bought the Luger for $150 from a friend who paid the same price for it five years earlier. After Aberman died, the gun was acquired by a California dealer who sold it to the Indonesian billionaire, Yani Haryanto, for $1 million. The Luger was since sold privately several times. Sunday was the first time it had been available for public bidding, Martin said.

Officers'Wife
March 16, 2010, 09:26 AM
When the US military decided to phase out the revolver they had 'try-outs' for various designs. Lugar built three weapons in 45 ACP which was part of US specs for the testing phase. One was believed to have been 'shot to pieces' and the other two... If not for Brownings' superior design in the 1911 this might have been the US duty arm.

MAKster
March 16, 2010, 09:28 AM
Hints to the buyers identity are that he is a celebrity with a huge firearms collection. I bet it was Arnold or Sly.

wishin
March 16, 2010, 09:30 AM
Not a Nazi gun. Made in 1907 and Nazis came to power in 1933.

Just like guns don't kill, they don't have allegiancies either!

Shear_stress
March 16, 2010, 09:31 AM
Why are people guessing Spielberg? Does he have a gun collection?

Yup, or at least that's the internet rumor.

rogertc1
March 16, 2010, 10:12 AM
Did not realize Spielberg was a gun nut. I guess if I had big bucks my collection would fill a warehouse. Regretfully with my age I only have maybe 10 good collecting years left. I do have a nice sized collection / musem I have amassed however. That 45 Luger is amazing.

I have a stainless Michell Arms 1992Amerrican eagle (Luger) made by AIMCO INC HOUSTON TX.

Rembrandt
March 16, 2010, 01:02 PM
There are a number of celebrity collectors that it could be, I think Tom Selleck would be out, his interests are western themed.

oneounceload
March 16, 2010, 01:12 PM
Friend of mine purchased a .45 Luger for $500 about two years ago. When Luger didn't get a military contract, they made them for the US civilian market. They're out there if you look hard enough

Jim Watson
March 16, 2010, 05:44 PM
I don't know how he got to be a billionaire without watching the general economy better.
Selling a huge ticket specialty item like that now was just not smart.

Interesting to hear that there are now claimed to have been three 1907 .45 Lugers instead of two... plus the million dollar .45 carbine on one site.

John Martz would build you a .45 Luger out of two 9mms, taking a little more than half of each one, fore and aft. He did a lot of other weird stuff. I would like to try his .22 Magnum Luger.

The Wyatt-Imthurn .45 Lugers, maybe 50 made in Louisiana in the 1950s were simply 9mms opened up to the absolute maximum. They did not even have detachable magazines, they top loaded down into the magazine well which had the bottom permanently boxed over.

There was a gunsmith making faithful copies of the 1907 guns from scratch. He started out at $10,000 each, saying he would build 100 maximum. Maybe he is up to $30,000 as mentioned above.

oneounceload
March 16, 2010, 06:27 PM
Spielberg is very into guns - he especially like Fabbri shotguns with extensive engraving of his Jurassic Park critters..........

GEM
March 16, 2010, 06:57 PM
Speilburg was on the cover of a gun rag that folded several years ago . With a shotgun, IIRC. I ate dinner at a gun rights conference with a guy from Hollywood who said Speilburg was a big gun fancier but didnt' publicize it.

The guy was some behind the camera techy type. No idea his name anymore. :confused:

As far a new Lugers - there was the guy who made 45s by hand and then the American Eagle SS guns made by some company and marketed by two separate gun companies whom I don't recall.

They were not reviewed positively. Lugers are fun guns though.

Hk Dan
March 16, 2010, 07:13 PM
I read that article too, FMJ. THey were made for trials with the US military, and there were two. One is in a museum or something as I recall?

Full Metal Jacket
March 16, 2010, 07:41 PM
I read that article too, FMJ. THey were made for trials with the US military, and there were two. One is in a museum or something as I recall?

well it was a while ago, but if i remember correctly there were a total of three .45acp luger prototypes made, and two were disassembled shortly after the trials and no one knows what happened to them, so there's only one in existence now.

Skillet
March 16, 2010, 10:04 PM
so that's the gun that's sitting up in my attic...

joking
haha

HexHead
March 16, 2010, 10:23 PM
My guess is John Milius is the buyer. He's a Hollywood gun guy known for a large collection and is on the board of the NRA.

9mmepiphany
March 16, 2010, 11:13 PM
well it was a while ago, but if i remember correctly there were a total of three .45acp luger prototypes made, and two were disassembled shortly after the trials and no one knows what happened to them, so there's only one in existence now.
i believe... of the original three, one was shot to destruction, one is in the museum and this is the third one

Kman
March 17, 2010, 12:05 AM
The prices do seem a bit low,,if that Colt isn't a million-dollar handgun, the first single action army!? friggin' kidding me. Wonder who bought that one?

rogertc1
March 17, 2010, 04:14 AM
http://i28.photobucket.com/albums/c248/rogertc1/firearms/SSLuger.jpg

MachIVshooter
March 17, 2010, 11:57 AM
Let us pray... I could really go for an affordable Luger.

A few months ago, I picked up a Mauser commercial model 6" .30 cal., unfired in the box, for $500 :neener:

The original receipt was still in the box, too. Guy had paid $274 for it in California in 1973.

I haven't shot it yet, still trying to decide if I will.

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