Have people lost their minds?

Before one can lose their mind they have to have one of their own to lose.
Unfortunately in today's world many people don't.

A few years back I was bidding on a knife on EBay. As usual in the last few minutes the bids jumped up in frequency and price. Now I asked the seller of the knife a question about the knife via email a couple of days before. He replied with his phone number and said to call him. So I did with about 10 minutes left before the bidding ended. He answered the phone and before I could identify myself or speak he said with an excited voice, "Do it again, do it again! This time by 25. We can get over 300 I think!" I said "what?" he said "Tom?" I said I was calling with a question about the knife on EBay. He hung up.

He was talking to his partner who was bidding up a desirable item.

Whenever money is involved there is always the possibility that unethical people will try to scam folks out of theirs.

The best part is I don’t have to bid on stuff again (or ever) if I feel it’s not legitimately being sold.

It sucks when something I want or need is being bid up. I’ve had it happen, but I just moved on. Hopefully the new python is well made and accurate like the old ones, I may get the urge to buy one someday soon.

Stay safe.

Could be worse, I have been in Restaurants where wine sells for $3500-5000 a single bottle. And not as upscale as you would think.

d2wing said:

Could be worse, I have been in Restaurants where wine sells for $3500-5000 a single bottle. And not as upscale as you would think.

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If I ever spent that much money on a bottle of wine, I’d punch myself in the face.

Guess I can stop feeling guilty about my $15 bottles of wine.

Guys may be gambling that an early release of the new Colt will be more collectible in 30 years. Get it now vs waiting 6 months, and cash in later.

460Shooter said:

If I ever spent that much money on a bottle of wine, I’d punch myself in the face.

Guess I can stop feeling guilty about my $15 bottles of wine.

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$15?! Look at mister Rockefeller over here. I'm happy with my three buck chuck. Although I'm more of a burbon kinda guy personally.

gotboostvr said:

$15?! Look at mister Rockefeller over here. I'm happy with my three buck chuck. Although I'm more of a burbon kinda guy personally.

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LOL! It makes me feel fancy.

Irish whiskey mostly for me. But a guy needs variety.

Umm, but to stay on topic-ish, this thread reminds me of when the Kel-Tec KSG came out. People paid crazy prices for that one out of the starting gate to.

If you really want it...

Prancing Pony Derangement Syndrome ?

Targa said:

New Colt Python on gunbroker with a minimum bid over $3000....https://www.gunbroker.com/item/851531586

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I thought they lost it when they was paying that, for the old ones ......B B...

joneb said:

Is it possible some of first new Pythons might be better than the latter? If I were introducing a new product I would want the first run to be the best, bringing the best reviews.

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I was thinking this same thing last night. As far as issues with design goes I would think that most of the R&D was done on the old Python and the new ones should be an improvement over the former. Just my theory of course

After the dust settles , I'm gonna take a serious look at getting one, I think that they are a good looking revolver , but the price needs to be good looking too......B B....

I can't believe what a middle school kid pays for a Cell phone. (or what their Parents pay). Freaking ridiculous. I guess it is necessary for some parents to shell out this kind of money to keep the kid from having a total melt down if the kid does not have the latest phone. Not to mention what even adults are willing to pay. I guess that they are necessary as well. How could they possibly drive without one?
The world is totally insane.

Since the gun went to Rocky8484 who is NR, the seller is gonna have to pay a fee to Gunbroker because he had someone else juice the bidding up.

I would like one but even the MSRP is a little too much for me.

My LGS has one he is trying to get sold even before it gets to his shop for around 1500, before taxes. Naw, I'm good.

$1500 is reasonable, if the quality is there. People have gotten used to polymer guns that don't require as much machining to make. And the Python always had a reputation as a top-quality piece.

I checked and my mind is still where I left it.

Mosin77 said:

Guys may be gambling that an early release of the new Colt will be more collectible in 30 years. Get it now vs waiting 6 months, and cash in later.

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I'd assume that's part of it. The real early original Python's do command a premium. However there were only 300 Pythons manufactured in that first year and only 1,350 manufactured in 1956. I bet Colt will ship more Pythons this month than those 2 years combined. That's the problem with any replica of a collectible. The market will be saturated for years. In 5 years from now those guns will still be worth less than what people are paying for them on gunbroker today. In 10 years from now, people paying a $500 premium might start to break even assuming Colt bumps the price up a little every year. In 20 years from now the people paying double the MSRP will finally be made whole and that's ignoring inflation or any opportunity cost.

Just ponder how many of the original Python purchasers are A. still alive and B. still own the gun. I'm guessing most of the well-heeled individuals laying out $125 back in 1955 for a Colt Python are no longer with us and never witnessed the run of prices over the last 10 years.

Jeb Stuart said:

I can't believe what a middle school kid pays for a Cell phone. (or what their Parents pay). Freaking ridiculous. I guess it is necessary for some parents to shell out this kind of money to keep the kid from having a total melt down if the kid does not have the latest phone. Not to mention what even adults are willing to pay. I guess that they are necessary as well. How could they possibly drive without one?
The world is totally insane.

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We are talking about a certain portion of American culture that is willing to stand hours in line and get in a brawl over a new released fast food Popeye's chicken sandwhich or stand in line out the door for a free coffee at Dunkin donuts, and let's not even get started on black Friday.

If a coronal mas ejection from the sun or a detonated EMP ever takes out the electrical grid for months or years with no water, food or fuel it will get medieval real quick.

Low number early production guns almost always command a premium from collectors.
How much more do you think a first year two or three digit serial number original python mint in the box is worth now, if such a thing exists?

A boatload, that's how much.

A lot of investment collectors play the long game and don't mind paying a premium

silicosys4 said:

Low number early production guns almost always command a premium from collectors.
How much more do you think a first year two or three digit serial number original python mint in the box is worth now, if such a thing exists?

A boatload, that's how much.

A lot of investment collectors play the long game and don't mind paying a premium

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Bingo

reddog81 said:

I'd assume that's part of it. The real early original Python's do command a premium. However there were only 300 Pythons manufactured in that first year and only 1,350 manufactured in 1956. I bet Colt will ship more Pythons this month than those 2 years combined. That's the problem with any replica of a collectible. The market will be saturated for years. In 5 years from now those guns will still be worth less than what people are paying for them on gunbroker today. In 10 years from now, people paying a $500 premium might start to break even assuming Colt bumps the price up a little every year. In 20 years from now the people paying double the MSRP will finally be made whole and that's ignoring inflation or any opportunity cost.

Just ponder how many of the original Python purchasers are A. still alive and B. still own the gun. I'm guessing most of the well-heeled individuals laying out $125 back in 1955 for a Colt Python are no longer with us and never witnessed the run of prices over the last 10 years.

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The colt python wasn't a collectible in 1955. They weren't a collectible in 2005. They are a collectible now though. The market has changed and new guns are stepping directly into a collectors market. The current market for Pythons is what is relevant, not the 50 year stagnation of Python prices prior to the current market.