An Interesting GHE 20

[Ed Blake]

Tim - That depends on who is buying. A relative newbie with relatively thin wallet would say, "Nice gun, but it is very likely I can't afford it." And think nothing more of it. A relative newbie with fat wallet might jump on a gun like that without looking closely because he would not want it to get away from him. This is probably what has happened in this case. Bruce offered no endorsement of the gun, he simply presented it for our observation. I'd love to own a gun like that, regardless of whether it's been worked on or not. It's beautiful, but speculation drove its price way up. The first guy to flip that gun did OK. Now that the music has stopped, so to speak, the last buyer may have a hard time getting his return of capital, much less return on capital. Still a great gun.

[Bruce Day]

I'll buy you a beer at Dave Wunrow's trailer next time I see you, Ed.

[Ed Blake]

That's a deal Bruce. I love beer.

[Rod N. Gunn]

I like the gun, Ed's post and beer... where is Dave Wunrow's trailer? Thanks for showing us the gun Bruce.

[Bruce Day]

It's wherever Dave is.

First Photo: L-R at the Duluth Puglisi shoot:

Brad Heidel, PGCA member and Pheasants Forever executive.

Dave Wunrow in red hat.

Bill Bolyard behind Dave.

Charlie Herzog

Ed Morgan

Unidentified???

In beero, veritas.


Second Photo: L-R at da Yooper

Steve Cobb

Dave Wunrow. Barb Wunrow seated in background.

[Bill Murphy]

Ed, what Bruce didn't tell you is that no one has ever paid for a beer at Dave Wunrow's trailer, ever.

[TARNATION !!!]

I'm a "thin wallet" guy who looks and drools. This one showed up today on GA
http://www.gunsamerica.com//97581811...MADE.htm?wl=1#

Presented as a complete restoration with an "opinion" that restorations are becoming increasingly accepted by collectors. I'd like to be the guy who adds handling marks from field use and have a new gun for pics.
Cheers,
Jack

[Labowner]

If your going to drool, try checking out this AHE.
http://www.gunbroker.com/Auction/Vie...Item=151194920

[Bruce Day]

[QUOTE=
Presented as a complete restoration with an "opinion" that restorations are becoming increasingly accepted by collectors.
Cheers,
Jack



An interesting sidebar, if I may use the term "interesting" anymore, is that during the last major firearms sale at James Julia auctions, there were several high grade Parkers that were originally identified by Wes Dillon and J R LaRue, two real experts who know their Parkers, as original guns. Prior to sale I understand Doug Turnbull identified several of those as guns that he had redone. They still sold, in an audience of advanced and knowlegeable Parker collectors, for what Julia had estimated they would sell for before the restoration became known. To me this was a demonstration that high quality restorations that are indiscernable from originals are bringing, at least for that auction and those guns, high end prices.

And an observation; most restorations are lacking in that they don't look like Parker originals. Those that do, I think are outstanding, my opinon only.

[Dean Romig]

Originally Posted by Bruce Day

[To me this was a demonstration that high quality restorations that are indiscernable from originals are bringing, at least for that auction and those guns, high end prices.

And an observation; most restorations are lacking in that they don't look like Parker originals. Those that do, I think are outstanding, my opinon only.

But the problem in this, in my opinion, is that when it is discovered that a Parker, previously thought to be original and purchased as such, is actually a redone (refinished - refurbished - rebuilt - remanufactured - whatever term suits the gun) the value often drops considerably and what was formerly a good investment . . . is no longer.