Relized prices at gun auction in Maine

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Very interesting. A Singer M1911A1 for 52,875.00 USD. WOW!

Many of the S&Ws have a realized price of about what you would see them listed for in the Forum Classifieds. Some of them were downright reasonable.
 
Singers are the ultimate in a 1911-A1 military collectors dreams.
I had a friend once that had two. He was a College Professor and could afford expensive toys.
It may well be, a S&W will be hard to attain that status. Maybe a complete RM package or fancy engraved rare revolver.
I have one Colt M1911A1 and it is a leftover from my US militaria collecting days. Just too nice to get rid of. Big Larry
 
I have acquired a number of firearms from live auctions. I have to keep in mind is the additional cost beyond bid price. Attending a live auction will reduce the buyer's premium especially if you pay cash vs. credit card. I am typically faced with a 10% buyer's premium. Then I have to pay sales tax which can vary from 8 to 10%. If I am out of State, resident of Alabama buying in Georgia, I have to pay shipping cost to my in State FFL. Then there is the FFL Fee. All total it can add significantly to the cost of a firearm. If the auction is on-line, then the buyer's premium can run as high as 18 to 25%. You really have to score a low bid price to come out ahead.

I recently saw a Colt commercial, C serial number prefix, 1911 in very good condition with a very low three number digit serial number go for a $4,000.00 bid price. The SN was C138 or very close serial number with a manufacture date in 1912 or there about. I recently paid $1,700.00 for a Remington Rand M1911A1 in exceptional condition. In my opinion it was a better value than a Civilian Marksmanship Program (CMP) arsenal rebuild (with most likely mix-matched parts including slides/frame) for over a $1,000.00 and a long wait period if you are lucky. I carried a Remington Rand in Nam. I also own a Colt M1911 with a lot of character but all correct matching parts manufactured in 1918.
 
lamarw,

You have to figure out the total cost for a firearm when bidding at auction, just not your bid, and bid accordingly. There still are deals to be had, as long as you are not bidding against someone who fails to recognize the aforementioned.

It pays to read the description!!! And be more knowledgeable than the auction house. More later. Again, stay tuned!
 
mrcvs, You hit the nail on the head as to the exact point I was making in my post.

The research you mention is a good point. I know exactly my ceiling bid point prior to an item of interest comes up for bid. I have also kept an eye on "bargains to be had". This has happened with a Model 25-2 and a K-38 Target Masterpiece "Pre-Model 14 over the last year.
 

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A lot of the 1911 and 1911a1s were my neighbors military collection. The singer and North American I actually got to shoot as well as many others. Rest of his collection will be sold in the next 2 auctions.
 
Yes, I snagged one from that auction. Once I get it, there likely will be a thread on it. Stay tuned, boys & girls...

And stay tuned...

Discovered that, as a first time buyer at Poulin's, one must wait 10 days after one's check clears before the item one is shipped. By the time this is shipped, on or after 25 April, and by the time I pick this up from my FFL, it very will be late April, if not early May. I certainly think the wait will be more than worthwhile...
 
And, for those who stay tuned...it was definitely worth the wait! Will be addressed in a separate post shortly!
 
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