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Unread 02-28-2022, 11:49 AM   #21
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Bill Murphy
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There is some folly in comparing prices with a gun offered for sale but not sold. Pug's gun at $3300 or such may have been for sale for months or years. If it hasn't sold for $3300, it may not sell for $2300 either. However, the poster's gun seems to be a better gun than Pug's gun and may easily be a $3000 gun. The auction house will get hundreds in commission and buyer's premium, however. The only way the seller will get $3000 out of a $3000 gun is to avoid auction houses and sell it privately. If my high school algebra is still ticking, a bidder at $3000 would pay a buyer's premium at 25% of $750. If the commission rate is 20%, a $3000 bid would get the seller $2400. But, to get that $2400, he would have to attract a bidder who was willing to pay $3750 for your $2400 gun. It isn't fair, but most consigners at that kind of auction are dead guys, not astute sellers.
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