Quote:
Originally Posted by Randy G Roberts
On Friday afternoon I sat in the auction room and watched several lots go. I made note of a few that were off the estimates. I will say that by far the 110 lots I witnessed came in relatively close. Estimating must be a difficult task and I am not trying to belittle that in any way. I will share a few with you that stood out for me. The first figure will be the HIGH estimate and the second will be the HAMMER:
Lot 1294 Camp Perry Colt Officers Model: 25,000 -- 47,500
Lot 1333 Colt 1911 2 digit serial #: 65,000 -- 85,000
Lot 1334 Colt 1911 2 digit serial #: 16,000 -- 55,000
Lot 1365 Army contract Colt 1902: 27,500 -- 9,500
Lot 1372 90th Infantry Engraved Walther: 15,000 -- 40,000
Bear in mind from the buyers perspective you will need to add a hefty premium to the above hammer prices. The owners of 1334 and 1365 are both beside themselves, unfortunately not for the same reason for 1365 
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Seems to me the last time I bought from RIA the premium was 15% with cash or check and CC brought it up to 18 or 20%
With that being said the GH 12 40" at 60k hammer equates into 70-72K . Far be it for me to judge but thats about ten times outta my realm of possibility . Same thing for the EH 10 40" .
The 32K from the USMC issued Vietnam war Remington 870 at 32K plus extras was over the top to my way of seeing things as well . I don't collect 870's or Vietnam or USMC stuff just happened to see that while waiting to see the 8 gauge . And with that being said after seeing what the GH and EH 40" guns brought , the price for the 40" 8 gauge wasn't that bad