Am I behind the curve on current P&R values?
This seems about $400-500 too high to me.
Looked at bid history and looks like two bidders got locked into a battle.
Or is this the new normal?

DESIRABLE 4" S&W 66(NO DASH) .357 MAGNUM AS NEW IN BOX MFG 1975 NO RSV - Revolvers at GunBroker.com : 853577306

I recently sold a 4" 19-2, 1963 that was not new but nice and I got $1250 for it.

So I wouldn't think that was too far out of line. Especially for a NEW 4" 66 no dash.

JMO

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Kenny
Endeavor to persevere.

Auctions have a life of their own.

Not even if it were a 2.5”.

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213th FBINA

Some folks hate to lose and will keep going even when the price is way over the value of an item. I set a limit on high I will bid on any item. My brother watched two men bid on a chain saw that was four years old and well used until one of them won at 80.00 more than a new one. It sometimes turns into a competition

They don't make them like they used to.

I had an unfired M11 - can't remember the dash. I think it was somehow associated with the FBI but I could be wrong.

It was mint except for a couple of dings in the barrel. We figured it would sell for $2500 tops.

Two people got in a bidding war right at the end and it ended up selling for just over $5000. Maybe they'd had a drink or two.

Needless to say I was quite happy.

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Kenny
Endeavor to persevere.

When you want the absolute most you can get for a firearm, you put on a big auction site. Auctions sometimes go wild and things sell for more than they are normally worth.

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VCDL, GOA, NRA

And with no reserve they sometimes go the other way too.

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Kenny
Endeavor to persevere.

If the seller is a well known consignment seller and he’s got good pictures (and these sellers do), anything is possible but I challenge someone to show me where this has happened recently. I’m certainly listening.

Professional consignment dealers on Gunbroker that offer high buck S&W handguns starting at $0.01 don’t have auctions that end for under market that I have seen.

A sickness. Whatever it costs to keep the other guy from getting it.

I had an uncle who was that way with his cut glass collecting, and I know other types of collector who derive the same satisfaction.

While that is certainly possible, I think that far too many people make a similar hasty conclusion based on precious little evidence. Like tossing out a guess and assuming the guess is correct.

What likely happens a lot on Gunbroker is that a particular person is interested in something specific and doesn't spend minutes/hours daily on enthusiast forums (like us) and similar amount of time and energy digging and sifting and immersing themselves in Gunbroker (like us) and just knows what they want, don't have knowledge or care about the "market" and simply says "I want this, I have the money, I can justify the purchase" and regardless of all the emotion that we may wish to attach, it isn't necessary in existence.

I know folks who will sell some thing they have and use the sale of something wholly unrelated to justify not giving one hoot about what the market price is when they use that money or a slice of that money to buy their next enjoyable item.

There are plenty of folks who want something that are not immersed in the market enough that it even occurs to them that some enthusiasts will feel that they overpaid.

I happened to Google a high school classmate, not a friend. I found that he died owning a garage full of a particular kind of fishing lure. With a lot of disposable income, courtesy of the taxpayers of NJ, he had dominated the buyer's market of that type of lure. If he wanted it, he ended up getting it. After he croaked, there was considerable speculation as to what was going to happen to the market, and how his heirs would proceed. I do not know what eventually happened (although I will probably attempt to find out after I post this), but I would not be surprised if individual prices dropped well over 50%. Or 75%.

??

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Formerly Model520Fan

I picked up a nice mini14 GB on gunbroker for the mid $300 range. The seller has terrible pictures and didn’t describe it properly. I saw it was a GB and won with one bid!

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The prices of these guns seem to be continually going up. First one I bought was in the 3 range paid in the 6-7 then up to 8 for a shorter barrel with horn grips not too long ago. I think this one is at the top of the mark, but there is a model 19 by the same seller and it appears the same buyer at 1350 with 11 bids. Looks like someone is trying to get the blued and stainless in similar condition - quick and easy. If you look at the sellers other auctions you will see it.

I bought this one, about 95% +/- with no box, papers, or tools for $475 last year, but that was an excellent price.

So no, it wouldn't be worth $950 more than that to me. But as always, any item for sale is worth exactly what you can persuade someone to pay for it.

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Send lawyers, guns & money...

I looked at the one in the OP, and it didn't have the Stainless rear sight and the box did not note a red ramp front sight. Also, I think the front sight was done post factory as the "dovetail" was not concentric. I don't think the buyer got what he wanted....., maybe he did......

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God, Country, Family

Well its a lot of salesmanship and you only need 2 fools, that hopefully can pay up. I mean the writeups on the description and pedigree of some of these guns is way overdone , BUT it works sometimes. Like Sevens said not everyone studies up on this stuff ,and if they have the money and are happy with their purchase, great for those selling. I sometimes get a grump on when I see some of these so called big dealers making false statements because I think they should know better, but again that's probably a bad assumption. And if the person they are selling for tells them something like ANIB ,, maybe they have to believe it or say well that's what we were told. Like all sales I guess its let the buyer beware.

Let me know if you want to double your money!

Does anyone else think the label on the box looks funny? Like the hand written part had been erased and re-written? The "fading" of the surrounding printed lettering just makes me cautious.

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H Richard
SWCA1967 SWHF244

I think it is some what over bid. 2 guys that were not going to be outdone by each other

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Pete
I ain't no fortunate son

Yes, and yours is the early no dash with stainless Steel rear sight. Worth more than with black sight.

I didn't pay much more than that for a pair of no dashes with consecutive serial numbers. No box though.

Any P&R revolver like new in box can go very high. Short barrels bring more. Nothing surprises me any more. I got $1350 for an 8" 27-2 and $1450 for a 4" 29-2 last year. Guns were like new in original wooden boxes but I didn't expect more than about 800 and 1,000 respectively. There are people out there with money who will spend it on their toys.

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No life story has happy end.

FWIW I got $1600 for a 4" 29-2 in the same box and condition less than 2 years ago. That doesn't seem nearly as outrageous as the price for the 66 in the OP to me.

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Send lawyers, guns & money...

I recently was given a Model 19-4 4” as a gift, unfired with all target features including WO and RR, my friend traded a pistol he was selling for $450 for the 19. I purchased a very nice Model 66 4” from another friend for $400. And then there was an auction listing recently on a Browning Hi Power that should have sold for about $2000 was bid to over $8000!

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I found myself in a bidding war on Ebay, it turned into competition instead of making a reasonable bid and stopping. In that auction had progressed to $100 over the value, thankfully I came to my senses and stopped. The new 4" model 66 is nice but $1435 is more than I would pay. Maybe the bidder wanted the model 66 to add to a collection.

I like model 29's and want an 8 3/8" barrel 29. I am going to wait until everything falls into place, gun price and condition, my cash on hand and not buying one just to keep someone else from buying it.

Some people have an awful lot of money and just want what they want... period. Sometimes, that is a still-NIB vintage S&W revolver. I used to have a hard time understanding that mindset, but I have come to understand it.

One very-high-end dealer who does our MA shows proved that to me at our last show. I always thought he sold next to nothing at our shows, but talking to one of the regular dealers who knows him well, I found out he (the high-$$$ dealer) does a terrific business at the shows. I was shocked by the numbers he threw out at me. Simply incredible.

While I might search a whole year or more for the right gun at the right price, others aren't willing to wait and don't need to wait. It's just a fact of life. Rich folks have that advantage over the rest of us.!