Blue Book vs. auction prices
I looked up the value of a Weatherby XXII in the lastest Blue Book of Gun Values. It said one in MINT 100% condition is worth $395 max. How is it that even less than mint versions of that gun seem to be going for $500 - $800 at auction?
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The price is set by supply and demand not a book however this said different parts of the country have different prices on the same item it just depends on local intrests .you might also look at parker shotguns the blue book used to be much higher then you could buy on GUNBROKER. auctions are the only TRUE value because someone sold an item and someone bought an item. 0 -
Hi and welcome to the forum!
Blue Book uses nationwide selling prices that are "averaged" and while there will be many that may argue with me ... I think the pricing is oriented more to the buyer than the seller. But as pointed out above ... market is what an item sells for in a given area, and I know from first hand experience, BB aside, the swings from one region to another can be easily a couple hundred bucks.
I'm well acquainted with a couple dealers that take extended road trips to by certain makes of guns at shows in different parts of the country because they can increase their margin on those pieces back here. Same goes with guns that sell low here they will dispose of them in the higher dollar markets. They've got this mapped out like you wouldn't believe.
If you only have time to do two things so-so, or one thing well ... do the one thing!0 -
The value is always what someone is willing to pay.
This is a gun forum, but you'll also find a few fisherman.0 -
The Blue Book is a valuable reference work. It helps identify and date literally thousands of firearms.
That is what I use it for. Paying close attention to the values listed can cause you to go broke in the gun business.
SIG pistol armorer/FFL Dealer/Full time Peace Officer, Moderator of General Discussion Board on Gunbroker. Visit www.gunbroker.com the best gun auction site on the Net! Email gpd035@sbcglobal.net0 -
At least for newer guns I look at it like I would for MSRP (manufacturers suggested retail price). Not reflective of the true market. How often does anyone buy a new gun for MSRP. Most sell for $100 to $200 less. Gunbroker auctions are probably a stronger indicator of value. 0 -
It only takes two fools to run up the price at an auction. Unfortunatly I'm often one of them! 0 -
And I think I'm the other one. [:D]
There is always one more imbecile than you counted on.
Don't assume malice for what stupidity can explain.0 -
KEEP UP THE GOOD WORK.
I WOULD RATHER BE DUCK HUNTING.0 -
A gun (or anything else for that matter) is never worth what the book says. It's only worth what someone is willing to pay for it. If you have a buyer for your article, the agreed to price is what the item is worth at that time. Tomorrow may be different. Auction selling prices can vary greatly because, as mentioned before, emotion can get into the picture. The flip side is, even if you paid over the "book" price, it you're happy that's all that matters. I've paid WAY more than I should have several times but it was for things that matter to me, therefore they have more intrinsic value to me.
Terry0 -
To clairify..... a single sale does not mean much but several sales of like items are a good indicator. 0
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