Insane gun auction prices

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$600 for a no longer in production, mildly collectible 1911 pattern is ridiculous to you?
 
Wow that's really over the top pricing on a pistol that never really was a first rate item, in terms of fit, finish, and function. And the repaired grips definitely make it even more of a great buy!
 
Not as bad as Noveske stripped lowers going for $700 during the election scare of 2008.
 
It doesn't take much looking on Gunbroker or any of the auction sites to find grossly overpriced firearms. Just the nature of the game there are a lot of folks that are relying on the greater fool theory. Sometimes it even works.
 
I remember during the ammo craze, seeing a single round of .45 ACP for 1 million dollars.
 
The price may seem to be insane to some, but if someone places a bid then it's the bidder who is insane (or more likely someone who is ignorent of what the pistol is really worth) then the seller.

I have watched many auctions where, for example, an ordinary but in mint condition S&W .38 Military & Police revolver of 1930's vintage sold for over $1,500, or in one case a standard cardboard box for a Colt Python went for over $300. On the other hand I recently watched a 1950 (sales slip was in the box) Colt .38 Officers Model target revolver which might have been unfired, go for a lowball $450.

Who all is insane here depends on which side your perspective is coming from.
 
It's been awhile since I sold anything via gunbroker, but after a seller pays the initial listing fee, isn't it free to list it forever? A lot of these sellers have gun stores with the listed items also hanging on their store's walls. They just keep listing at insane prices because it doesn't cost them anything.

I've actually contacted some of them to negotiate a lower price if they sold to me personally. I've done that for at least one hard to find collectable.
 
Auctions selling anything are like that. The auctioneer is trying to get the absolute most both for himself and his client.
On-line firearm auction sites are catering to shooters who don't know retail prices.
 
Dang... I paid 75 bucks for one of those at a flea market in New Mexico. In a hell of a lot better condition!
 
It's high, but I see them around here for $375-450 all the time now. I think all 1911's are high right now because of the 100th anniversary and general interest in that style gun, even if it was made years ago by a bankrupt Spanish company.
BTW, I've got a Llama .45 and it's been a great shooter.
 
One man's junk is another man's gold.....

I have bought several things off Gunbroker but you need to do research and know what you are looking for. I have seen several things go for crazy prices, but if someone wants it bad enough, let 'em buy it. I personally like the auctions because sometimes you can get a real steal, or at least you feel like you did, and that is good enough for me.
 
Offered for your consideration is one round (not one case or one box but one single round) of genuine .45 ACP ammunition. This is something rarely seen (at least since November 4th) and is hard to find at any price. The round of ammo includes a real brass casing; one full metal jacket bullet weighing 230 grains; a generous amount of hard-to-obtain gunpowder; and one nearly impossible to locate primer. Yes, you read that correctly. This round of ammo actually comes fully equipped with a real primer! Just try finding one of those! Imagine the thrill of actually being able to shoot your gun for a change. You will be the talk of the neighborhood when news gets around that you actually fired your pistol with your round of ammo. You may want to keep your round of ammo as an investment as prices are sure to keep rising. Just think of the confidence you will feel when you walk around with your round of ammo in your shirt pocket (Barney Fife was 50 years ahead of his time). Every man will want to be you and every woman will want to be with you when they learn that you possess a round of ammo. Your neighbor with the van Gogh painting will die of envy when he learns that you have obtained a genuine round of ammo. Playboy models will beat a path to your door when they hear the news! This is an opportunity which may never come around again. Act now and make your bid. Don’t let this one get away! Starting price is a ridiculously low one thousand two hundred and fifty dollars with NO RESERVE! Payment by money order only. Please add $5 for insured shipping within the Continental United States (additional charge to AK and HI). Sold as is, no returns. Please include a signed affidavit swearing that you did not vote for Barack Obama or your payment will be returned and the item will be relisted. Added: I have received requests to post a photo of the primer to prove it's actually present. I have added the photo. You can also see the round of ammo appears to be a military contract round with the primer sealed in place and the headstamp date 1985.
Click to expand...

Theres the decription of the super expensive .45 ACP round, I thought it was listed at a million though.
 
I typically find the "overall" prices on these sites to sometimes get out of control.

Item +$25-$35 shipping + FFL transfer if you have to pay one. $15-$40 additional bucks.
 
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If it's overpriced, it won't sell.

If it sells, well, then to whom ever bought it it wasn't overpriced.

Not like anybody is holding your first born hostage and forcing you to buy this gun.
 
Funny thing is that appears to be a M1995. I had one, once and I currently have a REAL XI. The XI is far closer to the original 1911. Both pistols are worth around $300. I don't know what somebody's going to do about the cracked grip, aftermarket parts for Llamas are impossible to find and the gun won't interchange most parts with stock 1911's.

Mine has NEVER had a malfunction in the fourteen years I've owned it and I shoot around five or six hundred rounds per year. Depends on the budget.

I'll sell you mine for $600...:what:

ed
 
I also have one of these, along with a lot of other 1911 models and clones. The Llama does shoot pretty well, and it's generally jam-free. I really can't remember it jamming but one time, and I've shot it quite a bit.

Who knows, maybe one day these will be quite valuable collector's items. They are, after all, out of production. I can remember when M1 carbines sold for $50 or so too. But if someone wants it, great. If not, it won't sell. Who's to say what a high price is?
 
Gunbroker is awash with overpriced items since they let you renew for free in perpetuity.

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=249330271

This rather average at best (with mismatched ejector knob) Army Special 38 Colt has been on for over 5 years with an undisclosed reserve- but I stopped by the shop and they told me $650 years ago, which is at best double or possibly triple its actual value.
 
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