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Joined: Apr 2011
Posts: 151,746 Likes: 15
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,746 Likes: 15 |
It depends how much time you have, you could sell on GunBroker a few at a time.
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Joined: Dec 2010
Posts: 3,734
Campfire Tracker
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Campfire Tracker
Joined: Dec 2010
Posts: 3,734 |
My Uncle sold all his with an auctioneer that did an online auction. Brought very high prices.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
The local auctioneer is probably the best option IF, and that is a big IF, he is experienced and good at taking quality pictures and adding some description. Good quality pictures can easily add 50% to the selling prices in an online auction. With 200 guns a live auction could draw a big crowd at the right time also, but no one seems to do that anymore.
Jerry Does the local auctioneer have national or international exposure?
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Joined: Jan 2001
Posts: 7,988 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 7,988 Likes: 3 |
Not sure if the responses are differentiating between live auctions and online auction houses like gunbroker.com and gunsinternational.com . I've bought several guns through auctionzip.com, wehrlys gun auction, and several others. Their fees vary quite a bit so you have to pay attention but most charge about 10-15% sellers fee and about the same buyers fee on top of the final sale price. However, these auctions seem to get very good prices for the guns an release you from any involvement in the sale other than dropping off the guns and receiving the payment minus the fees. Most of them also advertise, take very good pictures for the sale catalogs, an arrange the shipping and contact with the buyers.
Do a google for gun auctions to see if any of them are relatively close by and initiate a conversation...
Never underestimate your ability to overestimate your ability.
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Joined: Jan 2008
Posts: 281
Campfire Member
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Campfire Member
Joined: Jan 2008
Posts: 281 |
I would make a detailed list of the firearms, their condition, extras etc. then I would assign a high value and low value to each. After that start shopping it to some gun shops and auction houses.
First person I would contact is Mark Blote (First Stop Gun in Rapid City, South Dakota).
Assuming you're the administrator makes me assume you need to get fair value for them and so some due diligence is probably required.
I might consider pulling out the high dollar firearms and shopping both high dollar and low dollar separately. I would call Mark, too. I think he would be a great asset and would give you good advice.
Mike
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Joined: Jan 2003
Posts: 2,826
Campfire Regular
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OP
Campfire Regular
Joined: Jan 2003
Posts: 2,826 |
"Miss Jean Louise, stand up. Your father's passin.'"
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Joined: Nov 2014
Posts: 670
Campfire Regular
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Campfire Regular
Joined: Nov 2014
Posts: 670 |
Mark Blote is an honest guy and very knowledgeable about firearms too. I have dealt with him for 23 years. Give him a call 605-341-5211.
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Joined: Sep 2013
Posts: 17,941 Likes: 12
Campfire Ranger
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Campfire Ranger
Joined: Sep 2013
Posts: 17,941 Likes: 12 |
Mark is good people. Always enjoy dealing with him.
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Joined: Jun 2009
Posts: 3,985 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Jun 2009
Posts: 3,985 Likes: 2 |
Worth a shot to contact LeRoy Merz in Fergus Falls, MN. He buys collections, especially antique & collectible firearms. His website is www.MerzAntique.com.
"I was born in the log cabin I helped my grandfather build"
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Joined: Dec 2019
Posts: 17,222 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Dec 2019
Posts: 17,222 Likes: 15 |
Interesting thoughts.
Do you think that local auctions find the top of the market routinely? Or do the national auctions simply create a higher market and keep more of it for themselves? Assume that national auctioneers have high travel costs that they need to cover. Or they outsource to locals as agents for...
-OMotS
"If memory serves fails me..."
Quote: ( unnamed) "been prtty deep in the cooler todaay "
Television and radio are most effective when people question little and think even less.
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Joined: May 2009
Posts: 755
Campfire Regular
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Campfire Regular
Joined: May 2009
Posts: 755 |
Hopefully, you have a local auctioneer who has a solid reputation and strong experience selling guns. If he gets the word out, you will still get a good price on all of them. I've gone that route and have been very pleased, though i didn't sell near that many or that collectible.
Good luck.
Last edited by bpas105; 04/19/23. Reason: Typo
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Joined: Jul 2022
Posts: 42
Campfire Greenhorn
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Campfire Greenhorn
Joined: Jul 2022
Posts: 42 |
Buyers premiums are such a rip off, I won't bid on an item if they have a buyers charge
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Joined: Dec 2008
Posts: 6,937
Campfire Tracker
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Campfire Tracker
Joined: Dec 2008
Posts: 6,937 |
I don’t believe the buyers premium comes out of the 20% the auction house charges, correct? Meaning, if the auction ends at 5K, the estate gets 4K, the buyer pays 5850?
For some of the more desirable items, I think the national exposure from one of the reputable auction houses would bring top dollar - and probably more than make up for the fees. But the buyers premium affects what the buyer will pay. So it impacts your return.
Montana MOFO
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Joined: Dec 2008
Posts: 6,937
Campfire Tracker
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Campfire Tracker
Joined: Dec 2008
Posts: 6,937 |
"Local auctioneer" with a huge caveat.
Around here there are a few auctioneers that have a lot of experience selling firearms. They list online and doadecent job of exposing their sales.
I would see if there was a local auctioneer that has his poop together and has the experience. Demand one with a good internet presentation. Preferably not on proxibid,because that is a high premium site. Pay attention to sellers and buyers premium. Lowest isn't necessarily the best but the best service for the expense is what you're looking for.
If you have a few pieces that are really high end, I would separate them out and try listing them at gunbroker and armslist.
The national outfits may get great exposure and bring top $ for the real gems, but man do you pay and I cannot see it is worth it when you pencil it out.
Montana MOFO
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Joined: May 2010
Posts: 9,464 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: May 2010
Posts: 9,464 Likes: 3 |
I am going to make up numbers. If a local or national auctioneer sells something for $1000 and gets 15% commission and pays by a check do you not have to pay 23% pay on the "income"? So you end up with $850 in pocket minus income tax (20 some percent). $800 cash, under the table on a $1000 item seems like a good deal in my book.
I am always looking for factory wood stocks!
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Joined: Sep 2014
Posts: 21,837 Likes: 4
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 21,837 Likes: 4 |
Average guns Remvagchester bring outstanding money at auctions here.
Sako and up can sell a little lower than they should. Good shotguns, Beretta autos and up, sell low also. Overall, a big auction brings out a huge crowd and everything goes too high to make me a buyer. Especially ammo. Even in times of plenty,
I've seen guys pay more for 15 30-06 Corelocks than a new box costs at Walmart.
Parents who say they have good kids..Usually don't!
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Joined: Nov 2013
Posts: 28,821 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,821 Likes: 6 |
A friend does this for a living he charges 12% , he lists it on gun broker and guns international simultaneously.
You ship them to him or drop them off . That’s what Barry Browning of Shooting Investments, Raleigh, NC does and charges. Might be worth renting a truck and hauling them to such a dealer.
What fresh Hell is this?
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Joined: Feb 2001
Posts: 50,636
Campfire Kahuna
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Campfire Kahuna
Joined: Feb 2001
Posts: 50,636 |
A friend does this for a living he charges 12% , he lists it on gun broker and guns international simultaneously.
You ship them to him or drop them off . 12% does not begin to cover Gunbroker...
Mark Begich, Joaquin Jackson, and Heller resistance... Three huge reasons to worry about the NRA.
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Joined: Feb 2001
Posts: 50,636
Campfire Kahuna
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Campfire Kahuna
Joined: Feb 2001
Posts: 50,636 |
I don’t believe the buyers premium comes out of the 20% the auction house charges, correct? Meaning, if the auction ends at 5K, the estate gets 4K, the buyer pays 5850?
For some of the more desirable items, I think the national exposure from one of the reputable auction houses would bring top dollar - and probably more than make up for the fees. But the buyers premium affects what the buyer will pay. So it impacts your return. If only obviously!
Mark Begich, Joaquin Jackson, and Heller resistance... Three huge reasons to worry about the NRA.
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Joined: Feb 2001
Posts: 50,636
Campfire Kahuna
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Campfire Kahuna
Joined: Feb 2001
Posts: 50,636 |
What about one of the GunBroker auction facilitators, like lock stock and barrel? Look at what they really charge and it will gag you...
Mark Begich, Joaquin Jackson, and Heller resistance... Three huge reasons to worry about the NRA.
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