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I was at a local estate auction today that had all kind of stuff. They had a few items consigned. I mainly went to bid on a truck but they had a few guns that I thought I might take some particular interest in. The auction was a no tax or buyers premium kind if auction. Anyways just want to go on a rant about why people bid so much on guns an an estate auction or any auction period. This auction was in a smaller town also not a huge city or anything.
The one gun which I had some interest in was a rem 700 lss. Laminated stainless steel in 300 mag. It was a very beautiful gun. It was the old style I believe. It sold for $650 to the guy who owned it. Apparently the auctioneers allowed people to bid on their own guns, which I think is pretty sad and wrong to do to a person. I honestly would have got the gun for $500 probably. It has a Simmons whitetail scope which isn't nothing special. After the bidding ended on the gun he came over to me and ask if I would give $675 and it sold for $650. He said it was his gun and he was wanting 700 out of it but then told me he would take 650. This pissed me off pretty badly especially to know that the guy that owned the gun was running up the bid on me . Anyways I think he had to pay the auctioneer 10% I believe or maybe he didn't have to he could have been buddies with him I don't know. But after this I was pretty much so pissed that I was ready to leave.

Here are some of the price on the other guns that I remmeber that I have no idea why people were bidding so much. I don't know if they know what they are worth or what.

Rem 742 30-06. $650
Mossberg 715t 22 $450 ($229 at Walmart) not to mention I've had mine for sale for a month at the local flea market for $225)
Mossberg 835 with some turkey shells like 9 boxes they were like $15-20 at walmart. And had a leupold shot gun scope worth about $150 used on it. Package sold for $675

Stevens crackshot 22 $525

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Why do you think they auction them? I have an auction house 1 1/2 mile down my road. It is always surprising to see what goes high, and what doesn't.

They auctioned off a drilling that was maybe worth $1,100.00 for $2,400.00, and at the same auction very nice Colt Lightning revolvers went for about $300.00 average. shocked


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It's fine with me when the guns go high I just won't bid, but it's a different story when the guy who owns the gun is bidding against me. That's starts a whoel new fire

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You have to absolutely know what you are doing before getting a bidders card at those auctions.

I have seen more people lose more money on what they "thought" was a good deal at an auction. And buying old guns in general.

P.T. Barnum was right.


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My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


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Originally Posted by RickyBobby
My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


I hate to ask, and don't want to pry, but how was it that wasn't taken care of before it got to the auction stage of the game?


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Poor to no estate planning is my guess.


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Originally Posted by rockinbbar
Originally Posted by RickyBobby
My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


I hate to ask, and don't want to pry, but how was it that wasn't taken care of before it got to the auction stage of the game?


It just wasn't ... don't know what else to say. Too many siblings involved and it's just easier, I guess, this way. No skin off my back ... I will buy them!


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Originally Posted by RickyBobby
Originally Posted by rockinbbar
Originally Posted by RickyBobby
My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


I hate to ask, and don't want to pry, but how was it that wasn't taken care of before it got to the auction stage of the game?


It just wasn't ... don't know what else to say. Too many siblings involved and it's just easier, I guess, this way. No skin off my back ... I will buy them!


I was lucky in that regard.....1 of 6, but before he died my dad willed all of his guns to me. When his father died, one of his brothers ran off with all of the guns but two that my stepgrandmother hid for my father. I have those now...a 1902 springfield and remington 5 auto from the 30's. Apparently some of the ones pilfered would be worth serious money.

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That wasn't an auction, it was a fleecing.


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I don't expect anything for free in life anyway. I'm almost proud to get to buy them ... it kinda proves how much they mean to me!


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Rem 742 30-06. $650

There's a sucker born every minute
I hope they at least kissed him

Last edited by Snyper; 09/20/14.

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Originally Posted by RickyBobby
Originally Posted by rockinbbar
Originally Posted by RickyBobby
My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


I hate to ask, and don't want to pry, but how was it that wasn't taken care of before it got to the auction stage of the game?




It just wasn't ... don't know what else to say. Too many siblings involved and it's just easier, I guess, this way. No skin off my back ... I will buy them!


used to help out a guy that held auctions, actually ran into this a couple time where had nothing to do with planning or anything else....the heirs decided to sell EVERYTHING and divide the proceeds up equally, if someone wanted something specific they would just buy it at the auction....wasnt common but in the times i helped i ran across it twice....

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My friends gun store auction the guns went crazy high. Hi Point pistols brought 4-450. I think some people are determined to buy something and when what they want goes to high they will pay to much for something that they can afford. Now the small stuff like primers, bullets and powder went cheap. Bought RE17 for 7 bucks a pound got cci magnum small rifle and small pistol for 10 bucks a thousand. Cleaning rods got a couple for 5 bucks each. This was before the mad rush a couple of years ago. Worked out well for me as I havent had to pay the high prices on powder or primers. Seems like the better deals on guns were the more expensive ones. Not as many bidders on those.


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Originally Posted by rockinbbar
Originally Posted by RickyBobby
My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


I hate to ask, and don't want to pry, but how was it that wasn't taken care of before it got to the auction stage of the game?


This is now common among large families when everyone wants the same few items. Auction it off, then put all the money in the big kitty and divide it up. If a family member buys it, the money still stays with the family.


You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.

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I would say it is somewhat common in this area for families to put everything in a sale and then buy what they want. Proceeds are split evenly, after the labor, advertising and percentage of course. Cost of the auction sure takes a bite. I've worked many of these type sales.

Large collection of very nice firearms sold here a few years ago. Owner was terminal and the three sons could not agree on a split. The owner got fed up and watched them all sell. He split the money three ways. I believe two of the sons bought a few.

Guns usually sell high in my experience. I have seen a few "deals" though.


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I don't get that as most auctions will let you put a reserve on then pay commission what high bid was...

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Nothing sets the price (on that day) like an auction with at least 2 bidders. If the consignor wants to bid - then he sets the price. Buy, or go home - it's your choice! The seller (auctioneer) makes a bit either way. It makes no difference who the final winner is.
As a manager of a self storage facility, I've gained a pragmatic perspective on sales.


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Originally Posted by antelope_sniper
Originally Posted by rockinbbar
Originally Posted by RickyBobby
My dad passed earlier this year and his estate auction is coming up in a few weeks. All his guns, and other belongings for that matter, are getting auctioned off. I will pay whatever it takes to bring the ones I want home! Honestly, I can see how this happens.


I hate to ask, and don't want to pry, but how was it that wasn't taken care of before it got to the auction stage of the game?


This is now common among large families when everyone wants the same few items. Auction it off, then put all the money in the big kitty and divide it up. If a family member buys it, the money still stays with the family.


Want to kill an auction, have the family to start bidding ever thing up that's worth buying. If that happens I immediately leave the auction and the family can then buy up the junk and put it in a disposal. Family needs to divide up or have an auction among themselves prior to having a public auction. GW


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My experience with guns at auctions;

Crescent arms and tool company type single shot 16 gauge in 3 or more pieces= Obscene monetary value.

Why?? Because it's an "old Gun". Gotta be worth millions! It's in an auction! For christ's sake!!!


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I know a guy who is an auctioneer and also owns a gun store. He takes every cheap M94 that comes in the store and puts them in the estate auctions he does. Then when he advertises the auction he purposely doesn't get into detail about the M94's, he just says "old Winchester lever action". It brings them in everytime!

Before my father passed away he put a value on every gun he owned (lots) and let any of the 8 kids buy anything they wanted with the money going to the estate. None of them wanted any so we all agreed on a total price and I wrote out 7 checks, one to each of my brothers and sisters for 1/8th the amount. We've seen way to many families ripped up over the estate of a parent to let it happen to us.

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First auction my wife and I went to we were bidding against each other for the same pistol....until I got her to shut up and let me buy the damn gun! Probably paid too much but still have it ....and her although...................

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Originally Posted by fgold767
First auction my wife and I went to we were bidding against each other for the same pistol....until I got her to shut up and let me buy the damn gun! Probably paid too much but still have it ....and her although...................



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I've had 2 cases locally where I found out that the damn auction house was bidding against me.


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I lost a friend last year that had an extensive collection of 250 long guns mostly pre64 Winchesters and Savage 99s. I filled a pocket with cash and went to Fairbanks intending to buy a nice 99 and a Marlin 39A......Most of the guns sold at least 50% higher than I expected....The sons were very pleased even after paying the auctioneer 15%.....AND the buyers paid a 10% fee plus $20 FFL transfer fee.

One bidder showed up with a large satchel handcuffed to himself and wearing a gun.....in the front row, of course.

I don't believe I'd attend an auction where the family is allowed to bid......


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Originally Posted by VernAK
I lost a friend last year that had an extensive collection of 250 long guns mostly pre64 Winchesters and Savage 99s. I filled a pocket with cash and went to Fairbanks intending to buy a nice 99 and a Marlin 39A......Most of the guns sold at least 50% higher than I expected....The sons were very pleased even after paying the auctioneer 15%.....AND the buyers paid a 10% fee plus $20 FFL transfer fee.

One bidder showed up with a large satchel handcuffed to himself and wearing a gun.....in the front row, of course.

I don't believe I'd attend an auction where the family is allowed to bid......



in the cases i spoke about, small town and was well known what was going on well before the auction date


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plus it was announced by the auctioneer at the beginning on sale day


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Originally Posted by VernAK


I don't believe I'd attend an auction where the family is allowed to bid......




Sorry you feel this way. Truth of the matter is, at a public auction, how do you know who you're bidding against at all? Auctioneers could bring folks in to drive up prices or family members could bring folks in to do the same. Point is ... if there's something there you want; you'll most likely end up paying too much for it. It's the nature of the beast! I know I'll pay more for Pops guns than they are worth to the average fella, but I have no choice. Just like I had no choice in his passing earlier this year. Hell, if I had it my way he'd still be here carrying those guns into the deer woods with myself and his grandson by his side.


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It all depends on the agreement that the family makes with the auctioneer. If they want to bid, that's fine, but if they bid the prices up past the point that the item doesn't sell, they still owe the auctioneer his commission.

It also depends on the various laws of that particular state. Some states have different types of auctions, (reserve or absolute), some states let the house bid, some don't.

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Auctioneers take the same ethics courses that attorneys take. wink
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Dont get mad at auctions, its capitalism. Sellers, buyers and agents. Hoping to: get more than it is worth, semi steal it, and make as much as is legally if not ethicly possible.


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My dad goes to auctions I think to just kill time. Yesterday he bought a hydrostatic JD mower for $200 because "the transmission was out". He flipped the valve from the pump open and drove it on the trailer.

So, good deals can be found. If you know what your buying.

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I sure do not understand the stance against capitalism on a conservative message board!

I hear folks bitching about local farm equipment auctions where the auction house bids on the equipment. Then the auction house puts the equipment on their own sales lot or sells it again later at a different auction.

What's the big deal. If the house thinks they can make more money buying the gun, tractor, etc, good for them. This is America, still, in some ways.

And if the previous owner thinks it is in his best interest to bid on an auction item, so be it. He is the one paying the auctioneer. One sees that happen all the time at livestock auctions.

Personally, I try to hold a pretty good poker face when I bid at an auction. I know what the item or critter is worth to me, and I know how high I will bid it up. If someone tries to bid against me just to raise my price.......they better be ready to buy the item, because I will definitely drop it on them.

It is easy to read the exited smile vs the frown on the other bidder's face when I fail to make the next bid.


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Thats my point. i may show some cynicism in my statement but it is the ugly truth. I am usually the one wanting to buy cheap. Notice i state it different when talking about myself.


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As to driving the price up I do the same. I know where i will go and keep bidding, when i get there I stop.


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if you had something to sell, like we will when Mom passes... Dad always said have an auction... get as much as any idiot will pay, put reserves on some stuff, and what doesn't sell, then have a garage sale or give away so to speak.....

of course there will be things passed along to friends for nothing too.

But for all the other stuff, why not seek what you can?

Heck folks on here build guns and charge twice what they are worth and they sell all day long....


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thats capitalism the most successful economy known. not always pretty not always nice or "fair" but how it works. and if you dont understand why things arent settled in the family before auction you are very fortunate


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One of the easiest ways I have ever seen to settle an estate was my Grand Parents'.

First all the cash assets were settled up and divided equally between their six adult children. Then a private auctioneer was hired and went through the estate with those six heirs.

Every item in the house and equipment shed was auctioned off to the six kids. Then the proceeds of the auction were also divided up and distributed between the heirs.

I don't see how any estate dispersal could be more fair than that.


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thats an almost perfect deal. fair split, whomever wants dads ____ pays for it. explains why "owners" are bidding.


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Seems like a lot of people get uptight on prices of whatever. I guess I'm odd man out. Doesn't matter who is selling it or why. To me it's either worth what I'm offering or not. Really don't care what someone else is offering or whatever. I'll offer up to what I feel like spending and what it is worth to me at the time, then stop.


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Originally Posted by NathanL
Seems like a lot of people get uptight on prices of whatever. I guess I'm odd man out. Doesn't matter who is selling it or why. To me it's either worth what I'm offering or not. Really don't care what someone else is offering or whatever. I'll offer up to what I feel like spending and what it is worth to me at the time, then stop.


same here....


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Don't even go to auctions anymore. Friend thinks I'm nuts (he loves going to auctions) but it's been a very long time since I wound up paying 3 times what something was worth.

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Funniest auction story I ever witnessed was a gallon of Roundup about twenty years ago.

I saw a guy bid that gallon up to almost two hundred bucks before he won the bid. As he walked past me with his prize I noticed the label said "Lawn and Garden". It was prediluted and ready to spray.

At the time I was paying $37/gallon for super concentrate out of the bulk drum at work.

The guy actually had about a buck worth of chemical in his jug.


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i have sat and watched dumbasses bid guns up to twice their worth at auctions. i usually end up going home with some shovels, chains or other stuff rather than guns. last gun i bought was a ruger ss convertible for $175. the others were outrageous. $350 870 expresses, $600 700's, etc. i don't know how the ss slipped through the cracks. i kept it for a few months and sold it for $300.


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Just like the 22 ammo price gougers, if your wallet stays in your pocket, you can't get gouged.



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in my scenario, it wasnt a family auction for the guns. i put estate auction but it was an auction where a semi truck garage closed down and everyone was still living. and i thing the guns were consignment. but when a guy who own the gun who consgned it is there bidding on it there is no justice in that. if thats the case there needs to be a reserve. not someone bidding up their own gun against you. im pretty sure he had several guns in the acution becuz i seen him bidding more than once also.

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Possibly he had put them up for collateral and that was his only way to get them back?
If it was clear to all involved that the owners are bidding, fine, but otherwise it seems like a scam to push the payout.
But that does give you the option to bid it up and dump it on him.



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Originally Posted by Idaho_Shooter
I sure do not understand the stance against capitalism on a conservative message board!

I hear folks bitching about local farm equipment auctions where the auction house bids on the equipment. Then the auction house puts the equipment on their own sales lot or sells it again later at a different auction.

What's the big deal. If the house thinks they can make more money buying the gun, tractor, etc, good for them. This is America, still, in some ways.

And if the previous owner thinks it is in his best interest to bid on an auction item, so be it. He is the one paying the auctioneer. One sees that happen all the time at livestock auctions.

Personally, I try to hold a pretty good poker face when I bid at an auction. I know what the item or critter is worth to me, and I know how high I will bid it up. If someone tries to bid against me just to raise my price.......they better be ready to buy the item, because I will definitely drop it on them.

It is easy to read the exited smile vs the frown on the other bidder's face when I fail to make the next bid.

The house has a 20% advantage over their customers.


Broncos are officially the worst team in the nation this year.
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