What's the deal with overpaying on Gunbroker?


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Tomahawk674
April 16, 2010, 12:50 AM
I don't know if you guys window shop on GP as much, but I've seen some people mindlessly over pay for items that they could have gotten cheaper from a retailer. For example:

A blued Rogers and Spencer sold for $425, no extras. DGW sells it for $350. S&S Firearms has it for less

A Spiller & Burr has a bid for $245 with $25 shipping right now on GB. Dixie has the same price but I know they are not about to charge $25 shipping.

People really need to learn how to shop...

And then there's the crowd of people trying to sell brass frame .44 colt piettas for $200... seriously...

---- End rant ---

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Hellgate
April 16, 2010, 02:35 AM
There are different markets: the fools and the savvy are two.

bds
April 16, 2010, 02:37 AM
This past year, my local gun stores have beaten Gun Broker prices time after time - and I live in California! :eek:

PTK
April 16, 2010, 03:17 AM
I tend to post items to GB now and then for one reason only - a hot item has a bit of a cult following, and I can get a premium there. I then post well above value but about 20% less than other auctions, and get a decent bit of money for an item I no longer need.

It's just a large, online gunshow - and everything is overpriced just like that.

madcratebuilder
April 16, 2010, 07:59 AM
It's just a large, online gunshow - and everything is overpriced just like that.

+100

I very seldom see a 'good deal' on gunbroker any more, and when you do it's on higher end fire arms. I always have a half dozen or more guns in my watch list but 99% of the time the bid gets way to high for me. That 1% can bruise the heck out of my visa.

Rock Island
April 16, 2010, 09:50 AM
I see it happen all the time, and this is because people tend to become (or already are) idiots when the bidding gets going. " that guy is not going to outbid me" sort of crap. I know what you mean about the Brass Piettas, cracks me up.

Foto Joe
April 16, 2010, 11:09 AM
So far I've purchased "1" gun on GB and the price was fair. I've at times sold just about anything that isn't bolted firmly to the concrete on eBay and I learned a lot doing that. Some people will bid and buy just about ANYTHING!! I bought an air-tool at Harbor Freight years ago that I paid $27 for. I used it once and it sat in my tool box for two years. During one of my selling sprees I posted it with a starting bid of .99 cents. It sold for $87.00 and I about fell over!!

If you keep a watch on stuff and check every few days you CAN find some deals. The trick is not to get caught up in the frenzy.

What worries me about GB is an unknowlegable seller over-stating a piece and finding out too late that I bought somebody elses problem.

Old Fuff
April 16, 2010, 11:19 AM
Yup, many of the prices are out of sight - especially on popular models that are in short supply.

But on the other hand I have made some major killings on seriously underpriced guns that weren't attractive to the general run of Gunbroker bidders. :evil:

It boils down to knowing the market, and what you are doing. Never forget that window shopping is free, and you never know what you might find. ;)

jimmyraythomason
April 16, 2010, 11:54 AM
I don't buy complete guns on GB. I have bought receivers and other parts for my Mauser sporter builds. Some of the parts can't be found elsewhere.

ClemBert
April 16, 2010, 02:03 PM
I like GunBroker as I do AuctionArms and GunsAmerica. Like anything you need to do your homework. Some of the best pricing I ever got was off those sites but I always research the hell outta things first. I've bought new guns that my local dealer/FFL said even he couldn't get for the price I paid.

Texas Moon
April 16, 2010, 02:44 PM
I don't understand it either.
With just a moderate amount of internets snooping you can usually locate something much cheaper than on GB.

theotherwaldo
April 16, 2010, 04:09 PM
I love auctions.

Folks will bid like crazy for the shiny stuff and ignore the dowdy or unpopular items.

On-line or in the auction hall, it's all the same thing. Know your values, know what you want, know your limits. You'll have no problems.

Gaucho Gringo
April 16, 2010, 04:26 PM
I always have at least a dozen items on my Gunbroker watch list and in the past two years I have not bought one. They always end up way over what they are worth. On the other hand the four guns I did buy in the last two years I have bought from the various forums for sale listings.

madcratebuilder
April 17, 2010, 08:12 AM
On the other hand the four guns I did buy in the last two years I have bought from the various forums for sale listings.

+1

The best deals I have got have been from other forum members by far!

D.Delozier
April 18, 2010, 12:13 PM
I scored one very good deal on GB ,last year it was a new listing with a buy it now price of 575.00 for a Uberti revolving carbine in exelent shape and a Uberti 1858 NMA ,again in ex shape W/ an R&D conversion cylinder for each!! I jumped all over that one.

CrazyIrishman
April 26, 2010, 08:02 PM
I got a fair deal on Gunbroker about 2 months ago. I traded one rifle for another plus some cash. It wan't a "I just gotta have it" type of deal, but I won't lose a dime if I ever had to sell!

The rifle I got was a very nice commercial FN Mauser 98 (made 1948).

The communication & shipping time from the FFL I was dealing with needs some improvement but overall it was ok.



Thanks,

CI

RyanM
April 26, 2010, 08:12 PM
I'm probably not qualified to comment since I just spent a ridiculous amount on a gun on Gunbroker, but there are rare guns that come up occasionally. A lot of times, an auction is your only option for the rarer stuff, since most sellers know that they can get a ridiculous price for a rare item (or "perceived rare," sort of like diamonds), if they get the right crowd.

Personally, when I'm selling something, I always make sure that the auction will end around 9-10:00 PM Eastern time. That means most of the potential bidders will be home from work. The gun I just got ended at 11:30 in the morning, and I'm pretty sure that's why I managed to get it for about $175 less than the last similar gun I saw on GB.

toivo
April 26, 2010, 08:19 PM
I once sold a lightly-used synthetic stock for a Marlin 60 on Gunbroker. The winning bidder ran the price up to more than he would have paid to get a brand new one from Marlin. I felt bad, so I didn't charge him for shipping.

goon
April 26, 2010, 11:11 PM
The prices are nuts on there sometimes. I do most of my buying in the classifieds on here when I can find it or at local shops.

Gaucho Gringo
April 27, 2010, 08:31 PM
The local classified gun ad forums in Portland Oregon have crazy high prices too. There are two used NAA 22 mini's that are priced at $300.00 on one, that is $100.00 over new. Now on THR classifieds there was one for $125.00. I don't understand some people's minds.

Fingers McGee
April 27, 2010, 08:39 PM
I've run into numerous good deals on GB in the past. You just have to be patient. Just bought a limited edition engraved 2nd Gen Colt Percussion for a decent price - well below blue book.

Having said that, I track a number of items on GB and it never fails to amaze me that someone will list an item for literally years with a high reserve and/or openng bid price and not realize they are pricing the item too high. I've watched the same Sig Series Colt for over 3 years. Opening bid has not moved in all that time & no one has bid on it.

CraigC
April 27, 2010, 09:08 PM
On new stuff that you can get from retailers like the examples you gave with DGW, it makes absolutely no sense. On older stuff, sometimes you have to do what you have to do. Like the S&W M24 that I bought late last year. I've been wanting one for years. The prices just kept going up and I never ran into one in a shop at a fair price. Now that I live in the sticks of TN, I would win the lottery three times before I found a sixgun like that at a decent price so I found one on Gunbroker. I paid a little too much for it but I got exactly what I wanted and it was NIB. I'm a happy camper and don't miss the money one bit. ;)

mykeal
April 27, 2010, 09:31 PM
it never fails to amaze me that someone will list an item for literally years for with a high reserve and/or openng bid price and not realize they are pricing the item too high.
You're assuming they actually want to sell it. My wife deals in antique china teapots and she runs into the same thing both here and overseas. In her line the articles are rare enough that she often knows the seller, and in virtually every case where it's priced too high for a long time, the seller doesn't really want to sell the item; they are just offering it for a price they can't refuse to accept in the off chance that someone might actually want it that badly. That way they don't have to make a hard decision to get rid of a 'treasured' item.

scrat
April 27, 2010, 09:36 PM
same with the 1858 you usually see the piettas going for up to 300 when cabelas had them on sale for 199

ClemBert
April 27, 2010, 11:52 PM
The deal with overpaying on GunBroker is the same deal with overpaying at the gun show, Bass Pro Shop, your local gun dealer, et al. People either don't do their homework on pricing or they just gotta have it now and are willing to pay a high price. Its the American way...you'll always have a group of people that need instant gratification....they just can't be patient and wait....they "need" it NOW!

Fingers McGee
April 28, 2010, 12:56 AM
You're assuming they actually want to sell it.

I'm apparently assuming too much.

RyanM
April 28, 2010, 01:09 AM
You're assuming they actually want to sell it. My wife deals in antique china teapots and she runs into the same thing both here and overseas. In her line the articles are rare enough that she often knows the seller, and in virtually every case where it's priced too high for a long time, the seller doesn't really want to sell the item; they are just offering it for a price they can't refuse to accept in the off chance that someone might actually want it that badly. That way they don't have to make a hard decision to get rid of a 'treasured' item.

I always assumed it was a "some sucker will pay this much for it eventually" thing.

madcratebuilder
April 28, 2010, 08:00 AM
You're assuming they actually want to sell it. My wife deals in antique china teapots and she runs into the same thing both here and overseas. In her line the articles are rare enough that she often knows the seller, and in virtually every case where it's priced too high for a long time, the seller doesn't really want to sell the item; they are just offering it for a price they can't refuse to accept in the off chance that someone might actually want it that badly. That way they don't have to make a hard decision to get rid of a 'treasured' item.
I couldn't agree more.

I very seldom sell a fire arm. When I do I well price them about 15% high and allow the buyer to make a offer that is close to what I wanted to start with. I just sold a rifle I felt was worth $600, I asked $700. A buyer asked to look, offered $600, we both were happy.

dashootist
April 28, 2010, 09:31 PM
Not everyone has hours and hours to shop and compare a bunch of websites for the best deals. The saying goes: time is money. I suspect a lot of people are willing to pay a little more for convenience. I know I sometimes find something I like and just buy it on impulse instead of spending freetime to research the best price. Instead, I rather spend it as good quality time with my family or do something more worthwhile than sitting in front of a computer all night long, clicking, getting carpal tunnel, ruining the eye sight. As for GunBroker, I think it is has a very good user interface and a huge variety of guns. You get what you pay for.

Oyeboten
April 29, 2010, 02:54 AM
I agree with dashootist on this.


I may spend fifteen hours over weeks, months, carefully looking for what will somehow be just the right example for me, of an Arm on Gunbroker, whether to prevail or not in the Auction.


Someone else, looks briefly, sees what they want or close-enough, and bids to win...taking five minutes.


Either way, long as one is happy with the outcome...

zimmerstutzen
April 29, 2010, 10:02 AM
I have nothing against searching for the best deal, but what is best is not always the same to all folks.

I have purchased items at on line auctions and local farm auctions and heard people groan about the price paid. For instance, I bought an old pile of scrap metal a couple years ago at a farm auction. Me and another guy wanted the pile for different reasons. He saw a bumper to an old truck he needed and I saw a maytag washer engine in the pile. We made a deal. I paid the $24.00 for the pile, he paid me $10 for the bumper. I sold the maytag engine for $75.00 a week later. I bought a couple of old rusty near relic muskets for $300 on gunbroker. With the parts I salvaged, I was able to complete a rare Joslyn carbine. I paid $150 for the Joslyn with parts missing. I got $1400 for the Joslyn when the parts were added.

Now a brazilian made 25 auto pistol has no value at all to me whether it is $2.00 or $2,000. Sometimes folks have reasons to "over" pay. Some folks think as junk to another really is a treasure. 30 years ago, I would buy all the rolling blocks I could find for $25 to 50 bucks each. I took them to black powder cartridge matches and sold them to guys who either wanted them as is, or who needed the actions to build a gun. It is sometimes a matter of knowing how much can be made on an item by knowing where there is a market.

Last, as for black powder guns, here in PA a great many folks are barred from owning firearms because of mental commitments or PFA's or crimes. They order guns on line for which there is no paperwork so they can skirt the state law. (Pa is different from fed law. re percussion and flint guns.)

vulture
April 30, 2010, 01:16 AM
I purchased 3 revolvers, 1858 Remington reproductions over the past six months, two came from GB. I just found what I wanted at an opening bid price lower than I was willing to pay, then bid what I was willing and waited, if I won great, if not then I went to the next one I had on my watch list. In time one would come my way, I guess it just depends on how many are looking for that item at the time. I find the auctions that are listed for the fewest total days are usually where I get the best deals, folks have less time to decide and or find it.

arcticap
April 30, 2010, 11:16 AM
I tend to think that no matter what guns are bought or where they're purchased that the prices any person pays will average out over time.
An exceptionally good deal on one might mean that there will be a higher than average price paid for another gun purchase.
And just because a gun is purchased at a bargain price doesn't mean that it's not going to have "issues". The same goes for an expensive gun, but my point is that if someone grossly overpays for a gun or makes a "bad" deal then another deal of some sort will come along to help make up for it.
And if it's not another gun deal then it could be a discount on another totally unrelated item that will help make up for it and average the price out with its true market value.
For all anyone knows the folks who do overpay for stuff can well afford it. Maybe they're overcharging for their services in their line of business, or maybe they sleep on the job, or don't pay all of their taxes or receive gov't. subsidies to not grow yams? Who knows why people buy what they really want to spend their money on? It's only money. :D
The Bible says, "Cast your bread upon the waters, for after many days you will find it again." Ecclesiastes 11:1
So I think that some folks are willing to cast some extra money away knowing that some of it will come back to them later.
And sometimes having a particular gun or just simply winning it at auction will make a person happier than having the money which means that the price can be secondary. :)

Tomahawk674
May 1, 2010, 12:42 AM
I am a seller on GB as well. I am selling an "like new" item that I priced well under retail price, which I consider the fair way. The bidders have taken it almost to the retail price, but STILL it's the cheapest of its exact kind being sold.

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