A New Level of Auction Insanity...29-2

[Art Doc]

I have been saying for some time that there quite a few guys out there with money who don't mind spending it on their hobbies. I'm not one of them, but they're out there.

It took more than one party to bid the gun that high. At least two men thought it was worth that much.

Tomorrow an identical gun may sell for $800. Such is the nature of auctions.

PS: I looked at some other guns the winning bidder bought and he buys 29s. He has won several auctions for M29s recently. Also buys other guns, all high end. Guy has money and if he wants it he buys it.

 

[boykinlp]

Just imagine how much more he could have gotten for it if he had never taken it out of the box, untouched outside of the factory! Probably another $1000.

I recently saw an ad for just this, a gun in a never before opened factory box, like the one shown in the auction. I can't remember what model (maybe a Model 27-2), but the asking price was very high too. Seller offered a 3-day inspection and return policy, but it was voided, of course, if the box was opened. It must have sold, becouse I no longer see the offering on the site.

Might have been a box of rocks!!!

 

[A10]

I've got a 1971 6.5 unfired with all those goodies......heck I'd let it go for 1800!

I woder if the liner in presentation box was rebuilt....not too many of those plastic ones survived unscathed.....

 

[H Richard]

Auction prices are nuts. I was at a live gun auction last week in IA, and a Dillon 550, with dies (9mm) and case feeder went for $900. The way I reed the Blue Press, that 's about $200 higher than retail!!! Any time you have two or more people interested and bidding it's only the depth of their pockets to determine the price.

 

[Dump1567]

Auctions are weird. You get a couple guys interested, and you never know how it will go.

I just saw an M1A with USGI parts sell on GB for $3000. I tried to auction an M1A just like it and couldn't get 1/2 that?

One never knows.

 

[pownal55]

I've got a 1971 6.5 unfired with all those goodies......heck I'd let it go for 1800!

I woder if the liner in presentation box was rebuilt....not too many of those plastic ones survived unscathed.....

I can't quite figure out those cases. I have quite a few from the 70's and some are near perfect while the interiors of others are coming apart. Must be how they were stored.

 

[simmitt]

I am going to pick up a 29-2 4 inch nickel NIB on tues for 750.00

 

[TheHobbyist]

I went to a gun show today and was pretty stunned at the prices. Saw some Model 29's floating around ( -2 and -3's) all for around $ 900- 1,000.00. They were in good used condition. Not pristine in the box.
One guy was walking around with a 5 screw 29 for around $2,200.00.

I am personally interested to see what happens in the next 2 years.

 

[operator18]

It will be relisted.

 

[S&WIowegan]

Auction prices are nuts. I was at a live gun auction last week in IA, and a Dillon 550, with dies (9mm) and case feeder went for $900. The way I reed the Blue Press, that 's about $200 higher than retail!!! Any time you have two or more people interested and bidding it's only the depth of their pockets to determine the price.

A buddy and I tried going to estate sales and farm auctions here in Iowa. We repeatedly saw this phenomenon.....Ruger GP100s going above list and Dillon equipment the same thing. Real crazy stuff.

 

[THEWELSHM]

13 months ago I bought a 1976 29-2 with a 4" barrel unfired in box with everything and paid $650.

ill give you $700 for it

thewelshm

 

[Engineer1911]

I'm glad I bought early at a much lower price !

 

[BJoe]

EVERY SINGLE DAY we see new high's in the auctions. The days of waiting for a price correction are long over.

 

[arjay]

I spent a couple of years waiting for a price correction on a 29-2.It didn't happen

 

[Big Cholla]

I am seeing this buying of valuable assets at any cost necessary in other areas besides just guns and ammo. IMHO, the thinking public has come to realize that the purchasing power of their monies held in the form of cash has been cut in half over the last 4 years and the rate of inflation is increasing. Therefore many are spending their cash discretionary funds on anything that has a hope of just holding its value or hopefully gaining in value as fast as they can. Any collectible that one can name is rapidly increasing in acquisition cost. I started acquiring guns at an early age just because I was fascinated by them and used them extensively for hunting. Now, I feel that while I 'need' a few for self protection, the rest of my collection is the very best investment I can be making right now. I am careful in the selection of what I acquire and feel that as a whole, my collection of guns is worth in today's market at least three times more than my purchase costs.

The old saying has never more right than it is now; "You can never pay too much for a collectable gun, but you might pay it sooner than necessary." ............ Big Cholla

 

[MrTrolleyguy]

Oh boy?

eh, A10 can I have my shipping carton and papers back, please and pretty please!!!



Congrats to SLT223!