There was a 25-7 5" 45 colt that ended with the reserve not being met.

Top bid was $651.00. Just gun no box or papers and some rust/pitting in a few spots. I thought the top bid was fair for one in that condition.

It did get re-listed. I know they only made less than 2,000 of them. What do other forum members think?

Dave

Well Dave ,as we know on Gone-broker anything goes.

Regarding the model 25-7 ; it is a fine shooter. Maybe one of the best
for 45 Colt.
I own a new in box 25-7 that I bought years ago for about $800. off G.B.
and now have a finish challenged shooter I bought locally for $500.
But I can be cheap when it comes to lower percentage revolvers.

The bottom line on this one is if you bought it for $700. shipped ,
and shot it and carried it and enjoyed it. It would be worth it.

I personally despise reserve auctions. It feels like someone is playing a
game, and I aint' playin'.

You are right. The $650 high bid is just fair for one of these.

Good luck finding yours ,,










Now if only I could find a model 26 shooter ,,ahh' heaven!








Allen Frame

__________________
NRA cert.instructor&R.S.O.

I usually email sellers to see if they will tell me their reserve price. Sometimes they reply with the info, sometimes they reply with some stupid "bid and find out". To those, I usually reply back that I dont waste my time with such nonsense.

I had been watching this one 681 for 3 weeks that had been relisted at least 4 times, the bid got over $600 (not by me) and I emailed the guy and he was a real jerk about it. I emailed him back with some pretty harsh criticism of his selling practices. But hey, it he wants to waste his money continually re-listing his stuff, it's his money.

Shooting4life is selling his, check him out.

I know I'll never sell mine. It's the revolver I use when I'm feeling poorly about my accuracy - it's that good.

In a reserve auction the seller has decided the minimum $ they'll take. It's their perogative. If you think it's too much then don't bid. It's your decision as to the max you want to pay. Bid that amount and let the chips fall where they will. Shouldn't be any heartburn for anybody.

But the issue is, you dont know what exactly that reserve price is. You end up wasting a lot of time bidding on something when someone has some absurd reserve.

The ethical way to do it would be to not have a reserve, but start the auction at the minimum amount of money you would take...

Starting a reserve price auction off at zero with a ridiculously high reserve is lame

The flip side is that sellers are often barraged by want-something-for-nothing cretins expecting to steal an item for pennies on the dollar. I remember a few years back someone on this forum starting a thread bragging about just that: "stealing" a gun for a ridiculously low price. Needless to say, this clown was on my list to block for anything I was to offer for sale, at auction or here on the forum. Reserves can be insurance that a given firearm is not sold to some lowballer or opportunist. From a buyer's perspective, a reserve can also help guard against shill bidding.

Bottom line for buyers ---> Don't like the auction terms, don't participate in the auction.

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I'm with the banned ...

Both of those issues are solved by setting your starting price at the minimum you would accept for it. It's a very transparent process...

Not necessarily Nipster ... A high starting price can deter bidders who would otherwise become involved. I DON'T agree with starting prices of $1.00 because that is a clear waste of everyone's time. That said, if I'm selling a firearm that I would like to realize $750 on, I'll probably start at $500 (with a reserve) and see where the bidding goes. How many times have auctions ended up with two bidders going at each other at the close, and earning the seller a considerably higher return than expected? Similarly, when I'm bidding, I will only participate in auctions that have (what I consider to be) reasonable entry points ... everyone wants to feel like he got a fair deal. If a starting price is too high for me, I move on. No different than going into your LGS and checking out price tags before you buy.

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I'm with the banned ...

I dont necessarily agree with that. Using your example of the LGS, typically you rarely buy for the asking price, that is a starting point for negotiation. If I see something in the case and they have $800 on it, and I know it's worth $400, I dont waste my time even trying to negotiate down, because rarely will they drop 50%. However if they have $600 on it, I may negotiate.

By starting at $600 or $650 if you want to get at least $750, if it's truly worth that, I dont see you deterring any bidders, even starting it at $750.

And your scenario about people getting into bidding wars will happen no matter what if you get the right two people.

That is the way I do it. Then no ones time is wasted. But, I see the value in having a base price that you will accept, either by starting bid or reserve. I only use a reserve if I know the gun is worth more than my minimum, but I do not know the street value.

I think that's the problem. If you have a basic auction on GB and your gun doesn't sell I think you can re-list it for free. I'm not 100% sure about this but that could be one reason you see the same guns re-listed dozens of times. There is no real incentive to sell it for a decent price if it doesn't continually cost you to keep re-listing it over and over again.

Thanks for the responses.

I think if the seller had no reserve and listed the starting price at
$649.95 they would probably wind up with more than the previous top bid of $651.00

I guess what I was surprised avbout is that a gun in that condition got a bid of $651.00. Seller must think it's really special.

To Allen Frame; my wife has one and it is is a tack driver as has been pointed out here.

Oh well, buyer beware.

Thanks
Dave

Ditto !!!
The mystery reserve bothers me to the point that I refuse to bid on such auctions.

Who needs the mystery and intrigue just list the lowest you will gladly accept and let the bidding commence .
The guessing game is a waste of time.

I've sold several guns on GB and I never set a reserve. In most cases I've set the minimum starting bid at the lowest price I would accept. In one case I experimented with a penny no reserve auction and surprisingly fetched a pretty fair price...the selling price was higher than the minimum or reserve for several similar guns...goes to show that bidding can be contagious. Setting high secret reserves definitely turns off most potential buyers, myself included.