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Going to an Estate Auction. Need some advise.

Discussion in 'General Gun Discussions' started by Turtle Club, Jan 13, 2006.

  1. Turtle Club

    Turtle Club member

    Sep 29, 2005
    Canton, Ohio
    I am going to an auction, they have advertised about 90+guns. I am interested in the following.

    Winchester Model 120 Pump Action 12 ga.

    Winchester Model 1300, Defender 8

    Remington / Model 510 TargetMaster

    Remington Model 870 Wingmaster , 12 ga

    What would be a decent price to pay for the gun(s) considering it is in used, mint condition?
  2. mnrivrat

    mnrivrat Senior Member

    Dec 24, 2002
    Prices vary in different locations so this is more of an opinion than a great guide.

    Around my area the shotguns would be in the $120 to $150 range for the Winchesters, and up around $200 + for a nice Wingmaster. Not sure about the 510 but they were/are nice guns and I am thinking in the same range as the Winchester shotguns.
  3. dfaugh

    dfaugh Senior Member

    Dec 10, 2004
    I go to alot of estate auctions

    and get lots of great deals(in fact my whole house has been furnished from stuff I got at auctions)...BUT, for some reason guns go for WAY more than they're worth most of the time. Last one I went to, there was an old(er)Savage .22, rusty, bolt missing that went for $75! Seen grungy old SB shotguns (nothing collectible/valuable) go for over $100...

    Check out your local gun and pawn shops, and places like Gunsamerica to get an idea of the "going" prices. Set a "reasonable" price in your head for each gun your'e interested in (remembering that they may or may not even work properly)and DON'T exceed it when bidding.You may luck out towards the end, also, when the "gun buyers" have used up whatever money they have available.

    The only "deal" I even got at one of these was a 1918 SMLE---the wood had been "sporterized" but its all matching numbers, and metal is good---for $75. But I got it because no one else seemed to know what it was. Promptly found new wood on eBay, so I could restore it.
  4. HankB

    HankB Senior Member

    Mar 29, 2003
    Central Texas
    +1 on that. Don't get "caught up" in a bidding frenzy.

    (Also note that some auctions include "shills" . . . people hired by the auctioneer for the sole purpose of bidding prices up.)
  5. superhornet

    superhornet New Member

    Nov 16, 2005
    As was already posted, have got some good deals on furniture, electonics, knick knacks, etc. But---have seen most guns go for double what they are worth. Many who bid have no idea of what they are bidding on..Seen many basic SKS go for $350-$400 when right down the road on the same weekend they are selling for $139 at a Gun show.
  6. justashooter

    justashooter member

    Jul 30, 2003
    luoyang, PRC
    the best deals are usually on the obscure stuff. old military bolt guns sometimes bring nothing. buy them cheap, play with them awhile, and market them on tuco's board.

    in one sale i bought an early remington revolver for 35$, same price as the pot metal suicide specials. shot it a bit and sold it for... ain't gonna say, buy was more than a factor of 5. go with an open mind and snatch up the deals, then turn some bux on them when you get tired of their novelty.

    don't do this in an attempt to generate income. do this to expand your knowledge in the field and get some hands on experience with things you never thought about before. the profit on sale is just the icing on the cake.
  7. palerider1

    palerider1 member

    Dec 20, 2005
    upstate ny
    if you are friends with your local gundealer ask him if you can use a copy of a book on gun values, even if its last years. it gives you multiple values depending on condition of the guns.

    good luck and have fun!!!!!
  8. MountainPeak

    MountainPeak Member

    Dec 27, 2002
    Bluebook: Model 120 Ranger 100% $200, 98% $180 95% $165. Model 1300 Defender 100% $250, 98% $200, 95% $180. There are numerous variations on the Wingmaster, but the plain barrel goes for 100% $250, 95% $225, and 95% $205. Maybe I am just missing something, but I don't see the 510 Targetmaster.
  9. JamisJockey

    JamisJockey member

    Jan 4, 2003
    Northern VA
    Take a notebook/index card with you. Write on it the guns you want and what you'd be willing to pay for them. Minus %10 off of that. Do not exceed that price when the auctioning gets going. You're going to see people get caught up in it and pay more than they should, I'm sure....just like E*ay. This is how I approach my ebay auctioning, and I've never felt I've overpaid...but I've missed out on some stuff I really wanted.
  10. S&W10mm

    S&W10mm New Member

    Apr 24, 2003
    Middle TN.
    First Things FIRST!

    First Thing is to leave your Money/Credit Cards/Check Book at home! Most of these Auctions have Schill Bidders to jack up the Prices! And then figure in the 15-20% buyers Fees! OUCH!

    And even if they don't use Schill Bidders, its the I got'a win syndrome! Allot of these Guys/Gal's bid just to win! NO, you didn't win! You just paid $150 way to much for this or that!

    So 99% of the "ESTATE SALES" are usally a JOKE! I have NEVER seen a Good Deal at one of these when you figure the End COSTS! Buyers fee's ETC!

    And most of the time when they know they'll have a good turn out, even the Auctioneer and Floor Guys bring items to sell that have NOTHING to do with the Estate!

    Guns and Jewelry are the number one items they bring to jack! A out and out LIE! We went to one 'ESTATE Sale" once and a few family members were there, I asked a Lady that was kin to the owners of the estate how much Her "Uncle Henry" liked to hunt? She looked at me ALL Stupid and said "Uncle Henry Hated Guns"! and there was about 15 guns Advertised in the sale! When we asked more! Come to find out, that was only "PART" of what the Auctioneer and Company had brought besides Knives, Jewelry and EXPENSIVE Cut Glass! WHAT A RIP OFF!

    So leave the Wallet at home, and stop and eat before you go! You'll be money ahead!

    I can't even pay $3.50 for a green HotDog on a stale Bun, or the $1.50 bag of Chip that costs .25 cents in the multi packs, or the $1.50 for the cup of FLAT Coke in a cup overly filled with foul tasting Ice, much less pay the prices the guns will command!

    GOOD LUCK! You'll Need It!

  11. hso

    hso Moderator Staff Member

    Jan 3, 2003
    0 hrs east of TN
    Do your homework by looking at the Bluebook, Gunsamerica.com, Gunbroker.com and Auctionarms.com. At Gunbroker and Auctinarms you should register and then search completed auctions sorted for highest number of bids. Look at the range of prices paid.

    Once you have all that info decide what you will be willing to pay for the item and then do not bid a penny over that number.

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