Have people lost their minds?

Discussion in 'Handguns: Revolvers' started by Targa, Jan 5, 2020.

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  1. reddog81

    reddog81 Member

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    But the new guns won’t command any collectors premium for decades.... In 5 years from now no one will be paying a premium for a first year gun. More guns will ship this month then the first couple years of production. The rarity of those guns is what makes them special. People paying a premium to be the first person on the block to own the current Python will never be able to sell the gun and recoup that premium.

    For some people that’s of no concern and just want to be first. Others seem to think the new Python is some type of investment which is just silly.
     
  2. CraigC
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    CraigC Sixgun Nut

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    What is comical is that people won't think twice about paying $900 for a cell phone that lasts 3yrs but scoff at paying $1500 for a gun that lasts several lifetimes.
     
  3. silicosys4

    silicosys4 Member

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    Pythons made right up till they were discontinued a few years ago are collectibles. Same with Colt SAA's. I have a USFA revolver that was made in 2008 or so thereabouts that has doubled in value. The new Pythons are already commanding a collectors premium.

    I seriously doubt this statement. However, time will tell, and like I said, many collectors are thinking in the long term > 5 years.

    Pythons are by no means rare. Many were produced over a 50 year span They are all collectible.

    Again, Pythons are not rare. Demand and the willingness of people to pay big money makes them special

    The preponderance of evidence belies this statement.

    Yet those people pay a lot of money over MSRP to be first, and as silly as you find this, it is still a fact. I guarantee you a low numbers first year production mint condition in the box 2nd gen Python will only increase in value.
     
    Last edited: Jan 9, 2020
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  4. reddog81

    reddog81 Member

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    Preponderance of evidence... LOL... in 3 months the guns will be selling for $1,400. In 5 years they’ll be selling for about that same amount. Paying over $2,000 today for one only makes sense if your impulsive or $600 just doesn’t matter to you.
     
  5. silicosys4

    silicosys4 Member

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    Again, its the fact that its a first year, low numbers gun that matters. In five years it will still be a first year, low numbers gun. The more popular the gun, the more they make and sell, the lower the percentage of them will be first year, low number guns
     
    Last edited: Jan 9, 2020
  6. ontarget

    ontarget Member

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    Any gun is worth what someone is willing to pay. That's it. Period. Apparently that gun was worth a lot of money to that 1 buyer.
    My guess is that if that buyer tried to flip it right now he'd probably lose about 35 percent on his "investment".

    If you want to invest in guns look for functioning 22lr rifles for under $100.00.
    Someday those will be worth flipping. JMHO.
     
  7. Poper

    Poper Member

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    I sold my 2-1/2", nickel plated, with service grips, lettered, no-box Colt python in very clean condition on GB about 2 years ago. Started at a penny with no reserve and as long of an auction as allowed (7 or 8 days, I think- it's the last time I sold or bought anything on GB), and it sold for a little over $3500. I only had $1,600 in it so was a good deal to me. I doubt it was really worth that much, but the buyer was tickled pink as it filled a hole in his Python collection. He called after he got it and was even more pleased because the gun was everything the pictures led him to believe it was.

    Go figure....:scrutiny:
     
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  8. JERRY

    JERRY Member

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    if you find out who buys it let them know I have some Remington thunderbolts that were made during the ammunition shortage of 2012, they are very rare but I'm willing let them go for $75 per brick to the right person.
     
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  9. golden

    golden Member

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    If they can afford it, so what! It is their money and 3000 for a new PYTHON is no more ridiculous than 300,000 for a ROLLS ROYCE or any other overpriced luxury item.

    The gun range where I shoot, got in a new COLT PYTHON and sold it at full retail in 1 hour. It is a little pricey for me, but I wonder if a TROOPER MK VI could be in the offering as a replacement for the old KING COBRA (the mid size gun that the new PYTHON is probably based on). COLT usually had a less expensive gun to sell over the years like the TROOPER and LAWMAN. I could see a new blue steel TROOPER with a ventilated rib and NON-FULL LUGGED BARREL at $1100 to $1200 as a possible. It would be lighter than the PYTHON as well which would be a nice improvement.

    Jim
     
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  10. lionking

    lionking Member

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    True their money do as they please, however yes it is ridiculous to pay twice as much when it is known that it will be half that once out in circulation. Rich people are rich often because they are smart with their money, paying twice for something to have it now when shortly it will be available everywhere for half that, isn't too smart.
     
  11. P5 Guy

    P5 Guy Member

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    I'd rather have a Korth.
     
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  12. Mosin77

    Mosin77 Member

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    The only way this new Python will be collectible is if/when Colt decides that, once again, these guns cannot be produced and sold at a price the market will accept.

    If they discontinue the gun or make changes to it that are perceived by some to be “cheapening,” then the guns being sold now will become collectible, instead of just “pre-owned.”

    The original Pythons are collectible because the standard answer on any gun forum when a guy asks “what’s the best production revolver ever made?” Or “what was Colt’s best revolver?” is likely to be “Python.” And you can’t get them any more. And the Colt name carries a premium for fanboys.
     
  13. Steve S.

    Steve S. Member

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    Money is like a beach - some have a couple of grains and some have the whole beach. If you own the beach, $3k is nothing - all relative. Begrudging or criticizing people with means is like hating the desert because it has no water on it - counterintuitive, a waist of time and an origin of jealousy. You cannot argue with success - learn from it and buy yourself a Python.
     
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  14. Paul7

    Paul7 Member

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    And that generally holds its value. Most things people waste money on are depreciating assets.
     
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  15. Mosin77

    Mosin77 Member

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    But if you spend 5 hours a day for 3 years staring at your phone, what’s an extra few hundred bucks over the base model? The Python, or any good gun, unless it’s your only gun and primary implement to fill the cooking pot, is more of a toy/functional work of art/investment. And it’s harder to justify that level of cash.
     
  16. evan price

    evan price Member

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  17. Paul7

    Paul7 Member

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    They didn't get the message that old Pythons are now only worth $1,500 since they released the new Pythons with the cylinders than don't turn.

    /Sarcasm off
     
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  18. d'zaster

    d'zaster Member

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    Totally agree.
     
  19. silvermane_1

    silvermane_1 Member

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    Well some Nintendo NES games are considered a bargain @ $2K. ;)
     
  20. silvermane_1

    silvermane_1 Member

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    Or a Manurhin.
     
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  21. bikerdoc

    bikerdoc Moderator Staff Member

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    If it was not for that guy in the show "The Walking Dead" holding his wrong and brandishing it like some sort mental deficient, the prices would not be so high.
     
  22. ColtPythonElite

    ColtPythonElite Member

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    Sorry, I ain't believing that TWD theory...If that were the case, they why are all the other Colt revolvers not less costly than they are?
     
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  23. CraigC
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    CraigC Sixgun Nut

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    Maybe I'm weird but I've never gotten that level of satisfaction/enjoyment out of a cell phone. It's a necessary evil that I use to answer emails, texts and listen to music. Even though I need it to make a living, I don't spend any more than I have to on them. I 'just' got a new iPhone and it's three generations behind the current.


    I know, that's the problem. When you're on your death bed and taking your lasts few breaths, are you going to wish you had spent more time on your cell phone or more time doing other things to enjoy your life?


    I don't either.
     
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  24. Paul7

    Paul7 Member

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    Prices were going up before the show. The new Python won't impact the old Python prices anymore than the new Sig P210 changed the prices for the old ones.
     
  25. wolf695

    wolf695 Member

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    Something is only worth what someone is willing to pay for it!
     
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