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I went to a local reputable auction house a few years back expressly for a signed known maker longrifle they had . Sat around four hours waiting and the guy started it at $6500 with no takers so he slowly backed down to $1000 and it got started , gun went to almost $5000 and stopped . The auctioneer then informed us the gun had a reserve of $6500 and if anyone wanted it blah blah blah . If they'd informed me of this the day before at the preview it would have saved me the return trip ��
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