With reluctance and an apology, I'm getting on the "stop the madness" bandwagon...


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Liberty1776
January 29, 2013, 10:12 AM
but I blame the buyers, not the sellers... (these are auctions, after all) But come on peoples...

$1225 for a complete upper??? are you serious???
http://www.gunbroker.com/Auction/ViewItem.aspx?Item=326088401

$1025 for a used DPMS upper and still bidding???
http://www.gunbroker.com/Auction/ViewItem.aspx?Item=327025038

Yeowch!

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TIMC
January 29, 2013, 10:59 AM
Why the hate? If people want to pay it good for them. I have a couple of way over priced guns up for sale locally, God bless those with more money than sense. Doesn't make me or them bad people, just the way it is.

Gordon_Freeman
January 29, 2013, 11:08 AM
I think there are 2 main reasons for this. There are a lot of wealthy people in this country. Also it seems like most people have massive amounts of debt and live week to week without saving money. They just put it on a credit card that they can't pay off.

Rat Robb
January 29, 2013, 11:13 AM
Capitalism, a way of determining who is smart and who is poor

I have several friends cashing in on the madness, just makes me wish I had more of "extras" laying around

-Robb

MartinS
January 29, 2013, 11:31 AM
Madness? Do the words Supply and Demand ring any bells? It's ugly but it works.

medalguy
January 29, 2013, 11:34 AM
Put a willing seller and a willing buyer together and the result is a deal made. Whatever the price, as long as both parties are satisfied, everything is as it should be.

If you don't like the price, don't participate. I don't.

Rancher5
January 29, 2013, 11:37 AM
Supply and Demand is not bad, it also responsible for things are cheap, maybe after this frenzy of stock piling Ammo more Guns than really needed , manufactures will amp up production, its Free Market way, when ,if demand suddenly drops prices will come down, sometimes dramatically.

berettaprofessor
January 29, 2013, 11:43 AM
Makes me wonder...I've got an upper on backorder at $495 with MidwayUSA....think they'll honor the price?

gym
January 29, 2013, 11:49 AM
Yes, Larry said he will not engage in this price gouging

hso
January 29, 2013, 11:51 AM
As long as retailers don't gouge I don't have any problem with auctions selling uppers at prices we find absurd. They're offering a rare commodity and lettering the buyers set the price.

Grassman
January 29, 2013, 12:07 PM
There is a gun/pawn shop near me here that is rumored to have made an extra $300,000 in December and January on gun and ammo sales alone. I went in there before the madness and he had 40 to 50 Ar's, Ak's and several others. Went in a week ago and he had one. Most were double the normal prices.

7thCavScout
January 29, 2013, 12:12 PM
I was in my LGS yesterday and saw heavily used SKS That they were asking $850.00 for. This is getting way out hand.

Ryanxia
January 29, 2013, 12:19 PM
Makes me wonder...I've got an upper on backorder at $495 with MidwayUSA....think they'll honor the price?
I doubt it but you never know.

SSN Vet
January 29, 2013, 12:31 PM
back in my navy days we had a saying....

"and the stupid shall be punished"

and of course there's the universal saying....

"some people have more money than brains"

I'm seriously thinking I need to list a lightly used Delton A2 middy upper on Gun Broker with the reserve set at $1,000.

I should be able to fund a really nice build once the dust settles.

481
January 29, 2013, 12:53 PM
Nobody's holding a gun to these folks heads so if they wish to bid and then pay such exorbitant prices they are free to do so. Perhaps PT Barnum was right afterall.

Wish I had a few "extras" to sell at times like this.

mikechandler
January 29, 2013, 12:56 PM
You can't put a price on freedom!

berettaprofessor
January 29, 2013, 12:57 PM
I've got plenty of "extras"....just none I'm willing to part with at this time.

GCMkc
January 29, 2013, 01:06 PM
It's starting to die down locally. I noticed on a local board that the same guys are starting to price down their AR's because no one is willing to pay the ridiculous prices they are asking. They are looking for someone stupid. Don't pay these prices and they will come down.

Jim, West PA
January 29, 2013, 01:11 PM
There's only one word for it Liberty......greed.

Cosmoline
January 29, 2013, 01:25 PM
Supply and demand is fine. I do have a problem with sellers who intentionally fear monger or outright lie in order to make more money. One I remember from some weeks ago claimed that he had one of the last "registered" assault weapons from "pre ban" and was asking $3,500 for it. I don't know if he actually intended to have the buyer fill out fake "registration" paperwork, but he was certainly over the line between salesmanship and fraud.

tarosean
January 29, 2013, 01:40 PM
^ yeah I cannot tell you how many outright lies I've seen looking at the ads for guns and magazines...

With that said thou..

This little beauty could be yours for the low asking price..

http://texasguntrader.com/index.php?a=2&b=294818


/sarcasm

AlexanderA
January 29, 2013, 01:55 PM
This is exactly how I felt after the 1986 Hughes Amendment, when prices of machine guns started to rise to insane levels. Well, after all these years, the prices are many times more insane.

If the current legislative attacks go nowhere, prices of AR's, AK's, etc., will fall back some, but not to the pre-Newtown levels. The masks of the antigunners are off, and it will be a long-term, ongoing struggle to keep these guns legal. Prices are going to be reflected in this. I say if you want one, buy at the first sign of a small dip in prices.

I bought my first AR-15, new, in 1968, for less than $200. Times change.

TIMC
January 29, 2013, 02:22 PM
Makes me wonder...I've got an upper on backorder at $495 with MidwayUSA....think they'll honor the price?

They should; if it makes you feel better to know, I just got my Pmag order in from Midwayusa with no markup in price.

Atbat82
January 29, 2013, 02:36 PM
I bought my first AR-15, new, in 1968, for less than $200. Times change.

In 2012 dollars that works out to a hair over $1,300. Don't forget to account for inflation.

Granted you've also had 40+ years of fun with that AR. Can't put a price on that.



Sent from my iPhone

PGT
January 29, 2013, 02:45 PM
I put three guns and their ammo and accessories up in two listings on GB and started them at 1/3 of what the final auction value was. I had the pleasure of owning them and shooting them for 3-4yrs and was able to "cash out". The buyers are very happy to have been able to buy them and they dictated the price paid.

I'll buy them again if/when prices are back to "normal". In the meantime, the new owners are happy and I'm happy to have cash in hand. :)

tarosean
January 29, 2013, 02:50 PM
This is exactly how I felt after the 1986 Hughes Amendment,when prices of machine guns started to rise to insane levels. Well, after all these years, the prices are many times more insane.

Key word there.. A limited supply that dwindles as time passes will of course commend top dollar..
Yet we don't actually have a federal ban on AR's or magazines... Nothing more than speculation, pandemonium and greed working together.

jwh336
January 29, 2013, 03:22 PM
This is good for the economy, also think of all the tax dollars the state is getting. I wonder what they'll blow it on... LOL

CoRoMo
January 29, 2013, 03:25 PM
With reluctance and an apology...
Apology to whom? For what?

RetiredUSNChief
January 29, 2013, 04:43 PM
The buying mentality on an online auction site isn't soemthing that's necessarily described as "sane" sometimes.

People tend to get caught up in the heat of the auction and even outbidding themselves, paying more than they intended. It's similar to gambling in that respect...people can get caught up in the action.

I was attempting to bid on a Marlin 783 bolt action .22 WMR to replace the very first rifle I bought when I was 18. (Mine was stolen a number of years ago.)

Marlin makes the modern equivalent (XT-22MTW), but it has a new trigger type that I'm not yet certain I want. The Pro-Fire Trigger has a built in safety that has me giving it the evil eye.

For a Marlin 783 in excellent condition, I would be willing to pay a bit more money than for a new version, just for the sake of having the 783 again. I found one in said condition starting for about $250, figured I bid a while and see what happened.

The price soon soared over $500. WAY in excess of what I was willing to spend.


I love that particular gun, especially for the sentimental value. However, realistically speaking, paying more than half a grand for a rifle I can easily buy two of brand new kinda puts the kibosh on the sentimental value for me.

Now, had this been at a gun show or a private deal person-to-person, I'm sure I could have gotten a better price because there wouldn't be any bidding to get caught up in.

Perhaps I'm wrong...but whenever you buy something via online auction, I don't believe you're necessarily going to get something as what the regular market would do for you. This means you have to be more careful not to get caught up in the heat yourself and to practice some patience.

:):)

Liberty1776
January 29, 2013, 11:02 PM
Apology to whom? For what?

CoRoMo - for the crap I've given others for expressing the same thing. Except I still feel it's crazy on the buyer's part, and just good sense on the seller's. If someone offers you three times what something is worth, more power to you, but I just think it's plumb crazy to pay this much for stuff that three months ago was so much cheaper...

NMPOPS
January 29, 2013, 11:12 PM
Gotta agree prices are out of this world. I have enough guns for now and refuse to pay those kind of prices. As I need to reload and must buy supplies, I will pay the price necessary for that but nothing more for now.

blkbrd666
January 29, 2013, 11:25 PM
There's several AR's out there over $2000.00 and getting bids. Even an LE6920 that just sold for $2200.00. My buddy bought a new LE6920 in Dec for just over $900.00.

I was going to make a joke about really wanting to hang on to my Colt but jumping on the bandwagon as soon as they hit $5000.00. That may not even qualify as a joke in 30 days.

karlsgunbunker
January 30, 2013, 12:23 AM
I believe the high prices have helped increase the supply of firearms available.
Lots of guns are being pulled out of the back of the safe or closet and hitting the open market.
I know I sold my fair share and then used the proceeds to buy more guns.

Personally, I don't need to buy any guns or ammo because I've been putting both away for years.

IMHO The Unprepared deserve to pay a premium, why didn't they buy one 4 years ago when they elected a commie gun grabber.

threefeathers
January 30, 2013, 12:47 AM
I believe the high prices have helped increase the supply of firearms available.
Lots of guns are being pulled out of the back of the safe or closet and hitting the open market.
I know I sold my fair share and then used the proceeds to buy more guns.

Personally, I don't need to buy any guns or ammo because I've been putting both away for years.

IMHO The Unprepared deserve to pay a premium, why didn't they buy one 4 years ago when they elected a commie gun grabber.

I agree with this. I have plenty of guns, ammo, and reloading equipment so I can still be picky but if I decide to sell it will be at a profit. :cool:

BP44
January 30, 2013, 12:53 AM
At least the there are uppers to sell, I have a few uppers and it would take at the very least $1K to sell them. I'm partial to the platform and I bought mine when the buying was good:neener:

On the other hand I have been selling off several glock and 10/22 mags to the less fortunate.

gym
January 30, 2013, 11:49 AM
I find anything offensive when you price out the average guy, who has been shooting all his life. Free enterprise the changes to an elitest economy. Guns should remain affordable to the average man, and paying over a thousand dollars for a basic rifle is no longer affordable. You need to add in the other options like scopes, mags, ammo, pretty soon you are over two thousand dollars which IMO, limits the amount of sportsmen from being active in shooting anymore.
Now they are selling AR's for 3-5000 dolars, that is no good for any of us, even if we can afford it.
http://www.nraila.org/get-involved-locally/grassroots/write-your-reps.aspx

RetiredUSNChief
January 30, 2013, 12:05 PM
I find anything offensive when you price out the average guy, who has been shooting all his life. Free enterprise the changes to an elitest economy. Guns should remain affordable to the average man, and paying over a thousand dollars for a basic rifle is no longer affordable. You need to add in the other options like scopes, mags, ammo, pretty soon you are over two thousand dollars which IMO, limits the amount of sportsmen from being active in shooting anymore.
Now they are selling AR's for 3-5000 dolars, that is no good for any of us, even if we can afford it.

Though I agree with the sentiment behind your posting, I wonder what your definition of "a basic rifle" is.

Over a grand for "a basic rifle" does not seem to be a realistic statement to me. I don't know where you're getting your rifles, but I can find plenty of "basic rifles" at any store like Dicks, Academy, and Walmart that are several hundred BELOW a grand.

:rolleyes:

mikechandler
January 30, 2013, 12:29 PM
Price Gouger? Guilty as charged!

:)

So I had this brand new LE 6920, and I got this urge to take this new rifle and convert it to a Gas Piston system.. .which I did, which also required a fancy Daniel Defense quad rail that would work with the piston system... and I did, which also lost my regular BUIS, which I then replaced with samson flips... End Result: one VERY HEAVY carbine. LOL.

So I shot it a few times - boy did it run clean. But man, was that too much weight.

Then, along comes the pricing swell... and here I am with this AR15/bastardization that I never shoot sitting in the safe...

SO YES I TURNED GOUGER. I SOLD MY RIFLE FOR $2,500.

:what:

That being said, I added it all up in my gun ledger afterward... including the cabelas bulletproof safe, magpul furniture, wilson trigger group, pro mags, crate of XM855 and...

I made $127 on the deal.

:mad:

Oh well, even when I tries to get on boards, I fails.

:cuss:

Tell you what though - it was a learning experience. Heavy AR = no fun, and I'm just happy I sold it without losing my shirt. Which brings me to the second part of this story - the real lesson: The ducats add up quickly on AR builds, so what often looks like an overpriced AR is not.

The obligatory picture:
http://i1139.photobucket.com/albums/n546/mikeinchandler/Colt%20LE%206920%20Gas%20AR15/LE6920_Custom_008.jpg

mljdeckard
January 30, 2013, 12:32 PM
Don't like it.....don't bid.

tarosean
January 30, 2013, 12:38 PM
Guns should remain affordable to the average man, and paying over a thousand dollars for a basic rifle is no longer affordable.

It's only been the last 5 years or so that they dropped In price to where they are affordable to the masses, hence the huge surge in popularity

Captaingyro
January 30, 2013, 02:43 PM
In the absence of a huge inheritance, there's only one way people get wealty:

Buy Low, Sell High.

In the gun market, like the stock and real estate markets, there are those who get it exactly backwards. When a stock is going down, they look at their paper losses and sell, instead of doing what they should be doing, i.e. buying more shares while they're cheap.

On the flip side, when prices are sky high and still rising, what do they do? Why they jump on that bandwagon, and buy that condo in Miami at the top of the market. The inevitable crash comes, and they feel cheated.

If you weren't making regular and reasonable purchases of guns, ammo, and reloading supplies while they were relatively cheap over the last few years, you missed the boat. And if you're not selling to the lunatics who are bidding these prices up right now, you're missing another one.

And if you ARE one of those who are frantically buying at these sky-high prices, bless your little heart. Come to Papa.

MagnumDweeb
January 30, 2013, 03:36 PM
I sold off my Saiga 16" .223 with a couple 30 rd mags for an obscene price. I used that money to further upgrade my casting abilities. Yesterday I made one hundred projectiles for 9mm, I've loaded them up with my 5k stash of small pistol primers and I'll be testing them at the range on Saturday. My cast and rolled .357 mag and .38 special has been excellent shooting.

If you came to the game late you have my pity and that's about it. I'm exploring newer options and better bangs for my buck. I figure I'm at least one year out from buying another EBR so now I'm back to building them on flats I'm doing myself in AK variants. I still had some flats for Yugo M70 underfolders laying around, I still have my bending jig and I got another one that's much easier to use (and more importantly reproduce). My AK .243 Win (used Galil mags) was a beast of a build that took over six months to get right (and went through four flats before I got it right, and yes they are heat treated, thank you aunt in-law with the kiln).

I'm not touching my brass cased factory ammo, I'm working on a series of projects in the mean time to become more gun knowledgable, and so on and so on.

If you don't have and absolutely need, then get. If you got, then sit down and hang out, maybe we'll get lucky and there will be a huge sell off.

enine
January 30, 2013, 05:31 PM
I have to admit I was part of the madness. I get a bonus this time each year and starting last year decided I would purchase one gun each time. I got home from work and the wife already had $400 in new clothes for my six year old daughter sitting on the couch so I knew if I didn't buy right away I wouldn't have it. I found one online and called first thing the next morning and it was already sold out from under me. searched for a couple days and found one I wanted and ran down and bought it at the inflated price before someone else did.

CoRoMo
January 30, 2013, 06:09 PM
If you don't remember the panic buying (madness) of the first BHO inauguration, it lasted almost a whole year. It began in October 2008 (right before the election) and ramped up to its peak right about Jan.-May 2009. It then lagged on to or through fall of 2009. This is how I remember it anyway.

So sit tight, this will linger for many, many, many months.

It is a lot like sitting in a rainstorm with no protection; it sucks, it's miserable, you have no idea how long it will last and you can do nothing at all to stop it. All you can do is sit there, grit your teeth and be thankful that you have what you have. When you focus on what you don't have, you get frustrated because there's no practical/affordable way to acquire it at the moment.

gp911
January 30, 2013, 06:25 PM
I have no problem with a guy reselling his $700 DPMS for $1500 to make some quick money. I do have a problem when the fear-mongering gets obscene in order to sell it for even more. "They are banning them soon with no transfers allowed, same with these $400 pmags I'm selling... Gonna need ammo, got a box of Wolf here for $200, might have a couple more at that price if yer interested..."

oneounceload
January 30, 2013, 08:30 PM
Sorry, but the OP wouldn't be complaining if those were HIS auctions, he'd be smiling at hips good fortune

CJW
January 30, 2013, 09:44 PM
I'm going the other way, giving instead of gouging. I have a buddy who finally realized he needs a rifle but couldn't find or afford anything he was looking for. So, I'm giving him a spare SKS I have. I'd rather see a good friend be armed than have an extra rifle I hardly ever shoot.

breakingcontact
January 30, 2013, 11:53 PM
IMHO The Unprepared deserve to pay a premium, why didn't they buy one 4 years ago when they elected a commie gun grabber.

That's not really fair as some people have just turned legal firearm ownership age or have otherwise recently "grown up".

gym
January 31, 2013, 12:37 AM
I was talking AR and AK Chief. With the basics, 30 round mag, iron sights. They started at 7-$800.00 went up to 15-$1800.00. Came back down to $700.00 and now are at $3000.00. on Guntrader, selling at that price, and as high as 5 grand. This is just plain stupid.
This coming from a "Trader of 18 yrs", fulltime, I saw the same thing with stocks, go from 3 dollars to $500.00, then to $900, and back to $300, you need to know when to sell. When apple was 35 dollars we were trading it like AOL in the early 90's. Those people always get kiled because of greed. Now is the time to sell if you really choose to sell. The old saying is true, buy the rumor and sell the news.
This is the end of the rumor soon, now is the time to sell, I don't see them going much higher, I may be wrong, but I just feel it.There won't be a 10 thousand dollar AR, there are just too many and must come down. Maybe $1,000.00-$1,200.00 this year.

RE-15
January 31, 2013, 07:26 AM
Enough with the greed comments. No one is forcing you to buy anything. But if you want it and I got it, I will profit.

alsaqr
January 31, 2013, 08:45 AM
Some folks have more money than they do common sense.

Pismopal
February 1, 2013, 12:16 AM
Worth of an item is determined by what someone is willing to pay for it. Or by the government if that is the system you want.

justice06rr
February 1, 2013, 06:36 AM
I don't even bother with buying at GB at all.

Unless you're wanting to sell a $200 mag or $2000 AR, then thats where you go for the suckers...

JRWhit
February 1, 2013, 07:03 AM
The dust is already settling on ,"The Great Gun Rush Of 2013",
I watched dpms flat top selling 650.00 new, jump to 1550.00. I've seen higher but that was average. Well that was short lived. Already I'm watching the prices come down locally. One of the shops I frequent has one now at 1250.00 And hasn't been able to move it. Along with that, ammunition is making a comeback. It's showing back up, and now it's starting to stick around without flying off the shelves. I would hope that people are starting to figure out that there's not much the antis can do right now with a Rep. controlled House, other than talk. Unless you're in NY or similar, things are starting to simmer down.

k_dawg
February 1, 2013, 10:20 PM
Just before the election, I purchased an upper for ~$1500. It was a JP Rifles with a few goodies.

Worth every penny.

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