What Possesses People???

Remington1911 · Mar 8, 2022

DeepSouth said:
I sure wish stuff like that happened at cattle auctions.

but nope, sellers leave broke as we were when got there.

I think, and the other post that replied to you kinda firms up my thoughts on this.

I think it has to do with the mindset of the people going to this. These people are pure business. What we see in a gun auction is emotion gets going as well. I think this is the difference mainly.

Personally I gave up on places like GB and local auction sights, seems like everything is just stupid. Gun shows for the most part are just flat stupid as well. There is one show by missouri valley collectors that has good prices, but you have to like old stuff. Some things are still IMHO lofty.

The only auction sights I do now are Rock Island and Morphy. I have gotten some very good deals there..... Savage 99 in 243 for $400, a trapdoor for the same amount. I have bought several things from them, you do pay their fees based on hammer price, but the way they ship, and I have got some pretty beat up boxes, as well as after sale, and pre sale service, This is the only thing I use anymore. If you have an 03 they ship to your door.

Anchorite · Mar 8, 2022

alsaqr said:
Have attended numerous estate auctions here in OK. i've often watched firearms being bid hundreds above their worth. Many people here claim that every new gun purchased is "registered". Bidders willingly pay much more to obtain an "unregistered" firearm.

Same theory applies to people that frequent gun shows. I see many of the same people every year at our local shows, and they *only* buy at shows from other individuals because “every gun you buy at a dealer is registered,” and they don’t have a permit either. Why? Because they believe they will have to register their firearms. (eyes roll)

Archie · Mar 8, 2022

kje54 said:
The individual is smart, people are dumb, panicky animals...

I'll go with that. My conclusion after working with the general public is "Stupid is cumulative; five people as a group are dumber than one person.

And someone else alluded to it previously, 'auction fever' is similar to 'gold fever' or 'buck fever' and proper consideration is blocked in the panic.

twarr1 · Mar 8, 2022

The takeaway here is; Don’t buy at auction, SELL at auction.

bubbaturbo · Mar 8, 2022

The IQ of the world is a constant. The population is increasing.

theotherwaldo · Mar 8, 2022

I always loved buying mixed pallet loads.
It wasn't uncommon that I would make $1,000.00 on a dollar bid.
That's how I got my first complete reloading set-up... .

Archie · Mar 8, 2022

bubbaturbo said:
The IQ of the world is a constant. The population is increasing.

I'm not sharing what I have (IQ) with newcomers. Should I feel guilty? (I do attempt to share what I've learned.)

vintovka · Mar 8, 2022

bubbaturbo said:
The IQ of the world is a constant. The population is increasing.

There's a vaccine for that

Poper · Mar 8, 2022

Heir Kommt Die Sonne said:
This just sounds, awful... like "discounted shrimp" awful

Or "Gas Station Sushi".

Rockrivr1 · Mar 8, 2022

Yep. I know I overpaid for one particular S&W revolver that I've been wanting for a while on GB. Someone else wanted it too and between the two of us we jacked the price up above it's value. He gave up, I didn't. I won, but I paid for it. You loose common sense when it comes to wanting something that isn't very common.

Poper · Mar 8, 2022

A few years back I sold a semi-custom rifle on GB (penny auction, no reserve) that I had $1,400 in. It was a Rem. 700 chambered in 6.5-.300WSM. Two buyers "had to have it" and made extensive use of the "15 minute rule". Final selling price was a little over $2,900. Go figure.

lysanderxiii · Mar 8, 2022

Howland937 said:
Where I live, the Amish folks are usually the ones driving up auction prices on everything from land to guns, equipment to scratch and dent groceries. Don't know where they get all their money.

They don't have to buy gasoline . . .

.308 Norma · Mar 8, 2022

lysanderxiii said:
They don't have to buy gasoline . . .

ACES&8S · Mar 9, 2022

eyeshot said:
So you won.

I have only bid on 2 items on GB and both times the so-called winner was so far beyond reason that
I never tried any more. I only click, Buy Now.
One item was just a Rem Match Master without the wood., it actually sold for more than a whole
rifle in very good condition would have sold for.
The other was a S&W 25-5 also in very good condition with no box or papery and claimed it
was never fired. The winner paid way over the retail price, so I went to - buy now - and got a
REAL, never fired S&W mod 25-3 for 125'th Anniversary with box and papers for a LOT less.
Got a Python next on Buy Now which is perfect.
Never failed on GB yet but keep playing the odds and it will catch up. But there are returns
available.
Never bid again.

Ignition Override · Mar 9, 2022

An older gent at the Gun club told me:

“People with an 80 IQ think that they are smarter than You”.

I said Nothing about the words “Oval Office”.

GE-Mini-Gun · Mar 30, 2022

I went to an auction years ago…guy had 4-500 guns and other gun related stuff. He had about 40 Weatherby Lasermarks (think they were called that) …old guy in the front about 70 or so with a walker purchased everyone but one. Him and a guy setting beside me went back and forth for one that ended at $5500…nothing special about the gun from what I was hearing from other people…all the other guns went for 1200 – 1500…couple littler higher some lower. When it ended, I asked the guy why that gun went for what it did, his answer…I have no idea other than I wanted it and was willing to keep going. As mentioned, people let their emotions get in the way

TRX · Apr 3, 2022

Racinfan83 said:
I don't understand why someone would go to an auction and not know what current prices are?

You should try machine tool auctions. I've seen people pay 3x retail for incomplete TIG welders. People were going nuts over welders, but they were consistently paying over "new" price for, essentially, toolroom scrap.

What Possesses People???

Remington1911

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Anchorite

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Archie

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twarr1

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bubbaturbo

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theotherwaldo

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Archie

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vintovka

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Poper

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Rockrivr1

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Poper

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lysanderxiii

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.308 Norma

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ACES&8S

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Ignition Override

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GE-Mini-Gun

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TRX

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