Gunbroker Python for $75k

[reaper556]

Nothing odd with the winners bidding strategy. I've done it myself just not on that scale. I've placed a lower opening bid on something with a BIN price considerably higher than my bid.

I did that not sure how many if anyone else was a taker on said item. Towards the end a small fish came out to play and we traded hits resetting the 15 minute clock. I was growing tired and wanted to go to bed so I ended it and threw down on sellers asking price.

I have also won items for far less than the buyers BIN without any competing bids. Some times you just don't know

 

[ContinentalOp]

New $1500 Python vs $75,000 one.........

No brainer for me!!!

Yeah, but...which one would you choose...?

 

[DWalt]

It could well have been a celebrity or other extremely rich individual.
$75K, to them, might be literally trivial.

There are those (and quite a few of them) to which $75K is pocket change. I have one friend in that category, and you would never know it if you met him.

 

[BAM-BAM]

Yeah, but...which one would you choose...?

If you're "Gifting"......

I have to tell you....I'd put it back on the market ASAP

 

[gregintenn]

The $100 shipping charge turned me off.

 

[Kid_Pappy]

I'm thinking since he was so quick to jump on the "buy it now" the seller probably left some money on the table. Would like to know just how much the buyer would have paid?

 

[CALREB]

You know guys its all relevant to what you have and what you want. My wife barrel races for a hobby. She started buying mares years ago.
Reason,spend 50,000 (semi cheap) for a decent quality barrel horse, run it a few times and it rips a tendon or some other injury ( not serious enough to be put down)so insurance wont pay , and suddenly you have a nice trail horse IF it heals enough to ride safely.At least mares, if they are well bred, you can breed them and sell foals.
With the gun you can probably get your money back. I suspect if your dropping that kind of money, Its not that big a deal for them.
Also some high end buyers already have CLIENTS that will purchase at even a higher price, so its just a business deal.
Nice gun though, out of my range , way out....

 

[The_Truth]

That's a pretty good deal

 

[gregintenn]

You know guys its all relevant to what you have and what you want. My wife barrel races for a hobby. She started buying mares years ago.
Reason,spend 50,000 (semi cheap) for a decent quality barrel horse, run it a few times and it rips a tendon or some other injury ( not serious enough to be put down)so insurance wont pay , and suddenly you have a nice trail horse IF it heals enough to ride safely.At least mares, if they are well bred, you can breed them and sell foals.
With the gun you can probably get your money back. I suspect if your dropping that kind of money, Its not that big a deal for them.
Also some high end buyers already have CLIENTS that will purchase at even a higher price, so its just a business deal.
Nice gun though, out of my range , way out....

So you're saying one can breed Colt revolvers?

 

[Telecaster]

we're all kind of like little kids in the checkout like saying, "Mommy, can I buy a pack of gum?" And some grownup comes and grabs a whole case of gum and pays with his pocket change.

 

[srsmyth]

be thankful we don't all have the same tastes.................

I am because we would all be chasing the same woman and that would REALLY cost some money.

 

[pharmer]

It is easy to see how this person would be happier with $4.925 million in the bank and one perfect Python compared to $5 million in the bank without the gun.

I'm sorry but $75K for a sidearm is lunacy even for a very well heeled buyer. If'n I was a billionaire that gun ain't worth it, neither is a million dollar Bugatti or a $500K diamond encrusted Rolex. I bet the real joy coming outta that Python is in the seller's heart. Joe

 

[runscott]

I've done something similar before, but on a much smaller scale. I have a lot of collecting interests, some involving very esoteric antique sports photography. There are a few very obscure items that I know exist in very small numbers and will eventually show up but that I also know I may not see for three years, possibly as long as ten years. Let's say such an item shows up on eBay for a $500 initial bid and a BIN of $1,000, but the market value is more like $400 (it's obscure and valuable to me, but not to the entire market). If one other person places a bid, I know I'm in trouble, as they've already bid above market value. I would hit that BIN button so fast I burn off some forefinger skin.

On a scale more similar to this rare Python, I had a friend who was looking for a pristine 1927 Yankees signed baseball. When he found the one he was looking for, there simply was no outbidding him. If there had been a BIN at double what he paid, I think he would have paid it.

 

[Sevens]

I have enjoyed hearing everyone's opinion on this sock-knocker of an auction & result.

I'll reiterate that I feel the buyer made odd moves to claim this revolver. I don't understand back to back bids of $38,500 and then $75,000. What thought process says $38,500 bid makes sense and then immediately almost $40,000 more?

Why not a bid of $60,000? Why $38,500 and then directly to $75,000?

The $75,000 doesn't seem mysterious whatsoever but the $38,500 is the one I don't really understand.

If this were a Colt forum or better yet, a Python-specific forum, we could expect that some interested enthusiasts would be on the lookout for this same revolver to be offered again. I do NOT know the rare oddball Python market at all, but I would be surprised if the market supports this price if (or when?) exactly the same revolver is offered for sale.

 

[JH1951]

So you're saying one can breed Colt revolvers?

Generally accepted definition of a colt is a young male.....

 

[JH1951]

Someone with $75K to spend on a revolver likely doesn't care at all about what our opinions of his/her logic or motives may be. If I had that kind of disposable income laying around, and I wanted it, as soon as someone else started bidding I would have done what the buyer did.... end the game as the winner.

 

[AManWearingAHat]

My god. Nice looking piece but 75k nice? Not for this cowboy...

 

[Sevens]

Someone with $75K to spend on a revolver likely doesn't care at all about what our opinions of his/her logic or motives may be.

?!
Who here even suggested that any of this discussion was to coerce the thoughts and feelings of the buyer...? It's not like the buyer opened this discussion.

And if you think his $75k was "disposable", why did he make ANY bids? Why did the auction run more than 3 minutes after he first saw it? He could have clicked the Buy-It-Now within moments of seeing it.

 

[rosewood]

I wonder, since this particular gun sold for $75k, does that now increase the value of the gun? Does it became a "celebrity" since it sold for a ridiculous price and would someone else pay even more to own it now?

Rosewood

 

[gregintenn]

?!
Who here even suggested that any of this discussion was to coerce the thoughts and feelings of the buyer...? It's not like the buyer opened this discussion.

And if you think his $75k was "disposable", why did he make ANY bids? Why did the auction run more than 3 minutes after he first saw it? He could have clicked the Buy-It-Now within moments of seeing it.

Could be that he had a question or three for the seller to answer before he hit the magic button.

I am hesitant to second guess anyone who has accumulated the means to purchase a 75k toy.