doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com Is the gun market dead?

I agree with "down about 30%" from 2007, 2008 prices. The gun market is definitely ready to "close the lid" except for the seldom seen exception. Jackthedog is mostly consignment. He gets 15% gross off the top no matter what it sells for. Even at at the consignee's loss many times. If he had to find all the guns he sells and pay for them first it would be a totally different outcome and profit margin.

SxS

It's buyers market with flood of guns for sale out there. If one has something of quality at attractive price it will sell but the price must be exciting to the buyer.

Sorry Mike, you did, lovely gun.

If jackthedog get any more publicity, it'll be hard for jacktherabbit to get a foot in the ethernet portal. However, as has been pointed out in two threads over a period of a month, he's soliciting consignors so his real feeder may be those who don't give a damn about how it pinched when they bought it, the stories it has to tell, or the salient point for many of us that it may be in half-decent condition. Bill always makes the point that you don't make money when you sell but when you buy. So a time of relatively-depressed prices should be a good time to buy, shouldn't it. The problem is it's demand that's depressed; not asking price.

jack

Jackthedog gets good prices. Just watch his stuff. If you want to move something, do what he does.

Don't post the same guns at the same high prices on every shotgun board in America. It ain't gonna work.

And demand is way down, but most prices aren't. Just like with homes, people paid too much money for too little gun. Now they want to sell too little for too much.

Drop the prices on the good stuff by 50% and it will move.

The junk won't. All that refinished, sleeved, warmed-over stuff is dead. In a buyer's market, there's no reason to purchase it.

OWD

On the contrary - I have found guns moving faster than any time I can remember - it has to be very good condition and very good quality - if it is both, it is moving. If anything, I 'm struggling to get good stock.

If over priced and ordinary, you will struggle but that has been the case for a while.

"A willing buyer and a willing seller at a mutually-agreed price" - you know....

If I'd known this one was coming up, I might have waited instead of buying the 16 that's now on the way.

I have been getting inquiries almost daily about Lefevers. Most of them are Nitros for which the market is saturated. However, a number of low grade true Lefevers have surfaced as the economy has folks looking in their attics and cellars. You will see the same over-priced guns on the internet sales sites for months or years at at time. The folks who discover an old DS Lefever in their grandfather's closet go to these sites an expect that their gun is worth what somebody is asking for the same gun without realizing that it has been on sale for that price since Nixon was president. However, if anything comes up which is a Lefever C grade or better, watch out, the feeding frenzy will begin. I imagine the same is true of the other American classics, although I don't follow them closely.

So I don't really know if the current economy has brought forth a flood of lower grade guns that would otherwise have remained in the closet. It does create a buyer's market for those guns. However, the economy hasn't seemed to affect the very high end of the market anywhere near as much.

Mike,

I would be interested in looking at your Grant. Please send me pics or link!

Dr. P

There was just an article in the paper that gun sales in Ohio are at a record pace based on NICS background checks. Though I bet handguns and black guns as opposed to traditional sporting guns make up the majority of the sales.