doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com turn around in the gun market ?????

Bob's million dollar starting price did get this discussion going, and that means exposure for his gun. Someone may see it because of this thread, and offer him a reasonable price. Sounds like good marketing.

I'm wondering if that ad in GB is a spoof and put in by someone who doesn't own the gun. Could be wrong, but wasn't that gun for sale on 2XGunshop a while back?

It's from a previous BBS sale site listing.....which got into the direction (mostly down) of current market pricing, conversations getting a little heated at times.

http://www.doublegunshop.com/forums/ubbthreads.php?ubb=showflat&Number=229972#Post229972

21

There is a lister on auctionarms who starts every gun at a penny with no reserve and sells every gun he puts on there. Some of his guns are really nice collector guns. Hundreds of buyers check his ads every week for new items. Most of us know who he is and wish some of the other sellers would take a hint from him.

Would that be the guy who calls himself "Jack the dog"? B/c he has a couple nice sxs guns up there now - that M21 Duck has started a bidding war....

There are a couple AuctionArms sellers who do just that, but they are mostly into consignment gun sales, whereas they don't have to invest a nickel in the guns. They sell guns shipped to them at consignee's (original owner's) expense and enjoy a 15% consignment fee profit (minus a small auction fee) no matter what it sells for. Unfortunately, dealers who have to buy everything that they sell, have a "cost" they must deal with.
Imagine how well a car dealer could do under the same consignment conditions!!

SxS

Normally, I only look at the guns on Gunbroker that draw bids. I have bought a couple of guns that were listed otherwise and I think I got them at a bargain simply because serious buyers ignore the prepriced or reserve priced guns.

If I sell on GB, I start a .01 with no reserve and almost always feel the gun brought what it was worth. I always put a counter on the ad and rarely list a gun that doesn't get 1,000 looks. If a gun gets 1,000 looks and sells for less that I thought it should, it tells me I thought it waa worth more than it really was.

Simple

Dick Jones. you win the contest. You have uncovered the mystery of internet gun selling. You are absolutely right. If 1000 people look at your junk and no one bids, then your junk is truly junk. Of course, guys like Jackthedog have found a way to get 1000 people to look at his junk. Lucky for us, much of what Jackthedog lists is not junk.

SxS, I have a hard time understanding what you are saying. Are you saying that our Auctionarms guy is making too much on his transactions? If he makes a certain percentage on his sales, it is well earned because he gets people to LOOK at his offerings, hundreds of people. He has earned his audience and his consignors should be happy, even if they are disappointed with the bottom line. If they don't get the buck, it is because they are trying to sell things that just don't sell. I would consign with this guy.

I'll try to explain it so anyone can understand. Say, as a dealer, I buy a shotgun at a gun show for $800. I take it to my gun shop and list on Gunbroker with a $1000 reserve. If I sell it at a $1000, I will make about $150 profit after gas,gun show entrance fees,time and auction fees. If it doesn't sell in six months I lower the price to $700 and finally sell it, but lose about $150.
Now the consignment seller "pays nothing" for the same gun and puts it on Auction Arms with a .01 starting bid and the same gun sells for $700. He makes 15% gross profit or $105. After auction fees he pockets about $80 or $90. The consignment seller will always make a profit!
If you decide to send the consignment seller one of your classic doubles that you bought 6 years ago for $3000 and he sells it on today's market for $2500. You lose $500 in market value and the dealer's 15% commission (total loss of $875) and a dearly missed shotgun. You will net $2125 for your consigned shotgun. The consignment dealer makes $375 gross profit on your loss on a gun which he had in his possession for two weeks or so and doesn't care a thing about it. You surely can understand the difference!

SxS