Quantcast

AR 15 Company Assets Auction

Discussion in 'Rifle Country' started by Old Fuff, Apr 24, 2016.

Thread Status:
Not open for further replies.
  1. Old Fuff

    Old Fuff Member

    Joined:
    Dec 24, 2002
    Messages:
    23,907
    Location:
    Arizona
    One of the smaller AR 15 clone manufacturer's has fallen on hard times, and its assets - including tooling, parts and finished guns are being sold at auction.

    This unfortunate occurrence offers some bidders an opportunity to buy a rifle for what may turn out to be an exceptional price.

    Those who are interested should click on the link.



    https://www.proxibid.com/asp/Catalog.asp?aid=109748
     
  2. WardenWolf

    WardenWolf member

    Joined:
    Nov 11, 2008
    Messages:
    5,884
    Location:
    Northern Virginia
    Looking on their website, they certainly charge(d) premium prices for their firearms, with their cheapest AR being over $1300, and the Recon and Tactical models you see on that site being over $1600. One would hope that kind of price would bring quality, but the specs don't seem to be anything special:

    https://www.mmcarmory.com/product/recon-16-1/

    I'd rather have a Radical Firearms rifle at half the cost, personally. I already own an FGS-12 and it runs great. At least then it's not an unknown quantity. And at least they come with a 1:7" barrel.
     
    Last edited: Apr 24, 2016
  3. newfalguy101

    newfalguy101 Member

    Joined:
    Aug 13, 2005
    Messages:
    1,756
    Location:
    Sutton, Nebraska
    After buyer premium, shipping and transfer fees, I don't think there will be many "screaming deals" and consider this, if something goes south, the BUYER will be the one paying to have it fixed, no "factory support", maybe an issue, maybe not so much...
     
  4. WardenWolf

    WardenWolf member

    Joined:
    Nov 11, 2008
    Messages:
    5,884
    Location:
    Northern Virginia
    Pretty much. I'd only buy it for the value of the known-good 3rd-party parts installed on it.
     
  5. Old Fuff

    Old Fuff Member

    Joined:
    Dec 24, 2002
    Messages:
    23,907
    Location:
    Arizona
    Ah....

    You're looking at the wrong site. It's quite true that when the company was in business those prices on their site was what you quoted. :eek:

    But if you go to the bankruptcy auction site that I linked to in post #1 you will see that current bids are running at about an average of $150.00! Some are as low as $50.00.

    Big difference! ;)
     
  6. WardenWolf

    WardenWolf member

    Joined:
    Nov 11, 2008
    Messages:
    5,884
    Location:
    Northern Virginia
    Old Fuff, I know. I was primarily looking at it to see what was really in these guns and what they were really worth. While there's a ~$200 handguard on it, most of the rest of the stuff is of unknown provenance. I get the feeling this company didn't actually produce much more than the receivers in-house, so they were stuck buying others' equipment at retail price. That's why it was so expensive. The end result is a mixmaster AR that may or may not run. I wouldn't touch it with a ten-foot pole.
     
  7. newfalguy101

    newfalguy101 Member

    Joined:
    Aug 13, 2005
    Messages:
    1,756
    Location:
    Sutton, Nebraska
    With 15 days and change to go.......

    12-15% buyers premium, $40+ shipping, state sales tax ( when applicable), and/OR transfer fees on top of the winning bid.

    I imagine there will be a few that slip through, but, not likely many
     
  8. WardenWolf

    WardenWolf member

    Joined:
    Nov 11, 2008
    Messages:
    5,884
    Location:
    Northern Virginia
    My honest opinion: if anyone's thinking on bidding, don't bid over $250. At least then you get good forearm and most likely a good lower.
     
  9. Old Fuff

    Old Fuff Member

    Joined:
    Dec 24, 2002
    Messages:
    23,907
    Location:
    Arizona
    The way it works you can post a maximum bid. If the lot doesn't reach that high you get it for less. If someone bids more, you are out of the picture. If two winning bids tie the first one posted is the winner.

    I frequently lose when being outbid, but since I won't exceed my first posted maximum. I consider it to be "nothing gained, but nothing lost."

    But once in a while I get what I want, for a price (or less) that I'm willing to pay.

    Anyway it was just a thought, but apparently nobody is interested. ;)
     
  10. jad0110

    jad0110 Member

    Joined:
    Feb 28, 2006
    Messages:
    4,050
    Location:
    Somewhere between the Eastern Block states and Flo
    ^^^ That's how I do my bidding on just about any site. Gun broker, RIA, etc.

    I'll keep an eye on it, thanks for posting! I may just set a max bid of $250-ish and see what happens...
     
Thread Status:
Not open for further replies.
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice