Colt Collection Question...
Hi!
I inherited a collection of Colts, which includes an 1871-72 Open Top, a 1861 model, and what maybe an authentic Colt Walker, among others. The thing is that I want to sell them, but since I am new to the business, I have my doubts. Some say I must auction them at Butterfields, some others however think auction houses take too much comission (12-20%). Which could be the best choice to sell the weapons?
I inherited a collection of Colts, which includes an 1871-72 Open Top, a 1861 model, and what maybe an authentic Colt Walker, among others. The thing is that I want to sell them, but since I am new to the business, I have my doubts. Some say I must auction them at Butterfields, some others however think auction houses take too much comission (12-20%). Which could be the best choice to sell the weapons?
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I'd suggest Researching each Gun on its own Merit....Then research the Auction Houses and Antique Gun Stores for Values and figure in the Replacement Value and a small Percentage for Your Cost outlay...and Post them on the Auction Site of Gunbroker.com......You can always renew the Item's Posting if it don't Reach the Hold Bid the First time around....I wish You Well and Welcome You to the Ask the Experts Forun and the gunbroker.com Family.......Best....
Captain Kirk, Tech Staff0 -
Although I am a great fan of Internet gun auctions, I think that high end guns like these will bring top dollar elsewhere. There's a lot to be said for Butterfield & the other high end auction houses; they have a large list of wealthy collectors, & experts on staff who can properly describe scarce guns, ensuring that you will get a fair price.
It's too bad that the last owner didn't leave you a detailed description of each gun. While I agree with Capt Kirk that researching them on your own would be the BEST approach, it will take a lot of work (& time) on your part.
Consider joining the Colt Collectors Association. Read all the back issues of their journal, & learn which members specialize in the guns you now own. Attend their meetings & conventions, read as many books as you can find (& afford), & eventually you will get to show your guns to those who have a lot more knowledge about them. These advanced collectors will not only help you, but some may even make you a fair offer for what you have.
Your first step should be to take high quality digital photos of your guns. I have no interest in buying your guns, but I would certainly enjoy looking at them. And, anyone who might consider buying them is going to want to see what they look like.
Neal0 -
Thanks for the replies folks. Here are some pics of the guns.
Walker? http://www.valdano.8m.com/7.jpg
71-72 Open Top http://www.valdano.8m.com/9.jpg
Navy Conversion? http://www.valdano.8m.com/1.jpg0 -
These all look very dubious to me. I would say your picture labeled "71-71 Open Top" is absolutely not a 71-72 Open Top. It looks more like a '61 Navy conversion. The one labeled "Navy conversion?" doesn't look like it has been converted?? 0 -
DEFINETLY GET A PROFFESIONAL APPRAISAL BY A PERSON THAT IS KNOWLEDGABLE IN FIREARMS PARTICULARLY COLTS. If it is a fake then you have an interesting piece, but if it is origonal, then you have a very valuble and historic firearm. That way you will get an accurate description and a solid price evaluation. Even with going to auction and paying commision you'll make more money if it is a Colt Walker.
Lance
10's RULE
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