The auction closed w no bids. No surprise there. $9K is WAY high for this gun.
The Winchester did sell. It took two bidders around two hours to drive the $9000 starting bid upto $9500. So bizarre. GB is not ebay. W the 15 minute rule of GB this makes no sense. Just wait until a few minutes before close and put up your highest bid.
The more I think about it, I'd not go $5K. I just don't think it's worth that much. There are 75 ELP engraved guns. They just don't sell in the 5K range.
Good grief. You can engrave a turd, but it's still a turd.
That's not a collector's piece, that's a bastardization designed and created soley to raise revenue, period.
No average person on earth would pay anywhere near that kind of money for that Glock; who ever did pay that stupid money for it obviously has an abundance of wealth, donating the money paid for it to "...benefit programs to further America’s hunting and shooting sports heritage."
The seller will never recoup the money he originally paid for it because that pistol no longer represents a token of good will nor is it's sale price this time around going towards futhering a good cause...I'm afraid it's permanently lost it's mojo, baby...
I think that most of what you write is spot on. I wouldn't personally call it a turd as I like it but that's of course totally subjective.
Being a Glock collector I'd love to have an ELP gun not only because I like most of the ones that I've seen but because, like the 30th anniv guns, they are rare Glocks which are part of Glock history. So, I think that the appeal and several thousand dollar price of ELP guns is not just the engraving but the rare Glock collectible aspect.
I do think that one has to be very careful of paying big bucks for guns which are only special because of engraving.
No question that the original buyer is yet another charity auction winner who unfortunately didn't understand that guns (or most other collectibles for that matter) will often times never bring anywhere near the prices paid in the auction for the reasons which you cite.
I think that those who actually bought 30th anniv guns for large sums will find that to be the case as well - not to say that those guns are not worth several thousand dollars.
A charity auction is just that. Buyers should pay inflated prices w/the charity in mind knowing full well that they will likely never get what they paid - much less more - back out of the item.
There were no bids when the starting bid was $9000. So, now it's back w a starting bid of $13,950 AND a BIN of $17,950. Pretty hard to understand the logic here but it can be yours today!
Whomever hits that BIN please post great pics for us when it arrives.
There were no bids when the starting bid was $9000. So, now it's back w a starting bid of $13,950 AND a BIN of $17,950. Pretty hard to understand the logic here but it can be yours today!
Whomever hits that BIN please post great pics for us when it arrives.
Hmmmmmm...perhaps this is some kind of attemp at reverse/suggestive psychology?
I've seen all kinds of wacko prices over on GunStroker accompanied by unbelievable stories from rarity to "possible" provenance to downright lies. On ocassion I email a seller and ask legitimate questions as to the authenticity or proof of their claims and get back these nasty profanity filled responses threatening to ban my email address. I can't help but laugh in response at how it annoys these people to be questioned or called out on what often in reality is their "misrepresentation" of the facts regarding their auction. These people should be drawn and quartered, or at least publicly flogged
The $17,950 BIN price for that Glock is a sign of obvious insanity, which mostlikely came about soon after the current owner realized he/she paid stupid money for it to begin with.
I think the mentality (or lack thereof) of the seller is indicative of the same logic as gun show sellers. They act as if people don’t have access to the internet and are willing to overpay by 50% just to save $5 on shipping.
Incredibly, it didn't sell. I thought for sure one of you guys would have forked out the big $$ - LOL. So, it's back up at the same price. I'll bet that - just possibly - if one of you guys buys at the BIN price that the seller could consider throwing in free shipping! Worth a try to at least ask
It is utterly baffling to me why when it didn't sell the first time w/a $9K opening bid that the seller has put it up now for a second time w/a $13950 opening bid. Some seller behavior just mystifies me.
Further, as we've seen so many times, each time an over-priced listing is listed there are less views, less interest and less chance of a sale. The G28 upper comes to mind as do several of MG Taylors guns as recent examples. Some of his stuff has been re-listed many, many times since last summer. Just makes no sense.
Some sellers are just not reality based. They offer the same over-priced item time after time after time w/no sale yet they still don't realize that they're over-priced. Instead of coming down they just keep listing and the item becomes all the more stale and less likely to sell.
If GB started charging a relisting fee I'm sure they would be a little more apt to move. A lot of sellers think they are intelligent and the average buyer isn't, and as long as they wait long enough they'll find a sucker.
I'd hope that they hold on any re-listing fee though. They make a LOT of money as it is for not too much work.
Something is worth what you can get for it, not what you think it's worth. One would think that it's pretty simple.
Someone who just has to have an item could of course do a search and see that item on one of numerous re-lists I'm sure but, in general, items get stale and harder to sell w/multiple re-lists and no price change.
While the endless re-listing is detrimental to the seller's chances of selling IMO, listing an item w/a minimum bid of $13,950 when it didn't sell w/a minimum bid of $9000 takes the cake. Just impossible to understand.
Also, a duplicate is not the original. That's everything for rare collectibles.
This is a well known, original, unique Glock product w a documented and unique history. A duplicate, even if spot on is in no way comparable collector wise.
That's not say that this not way overpriced, which it is.
Yes.
The current seller is the owner and the original buyer.
The first listing was via a seller whom the owner contracted with. He is now trying to sell it himself.
To me these type of "collectible" Glocks aren't valuable from a collectors standpoint. I wouldn't pay $500 for the gun (although from an investment standpoint I most certainly would if I could flip it for a huge profit.) In my view the collectable Glocks are those which represent the evolution of the Glock design - pencil barrels, any gen 1 especially the 19 and L's and ported L's, early Austrian proofed gen 2's, the earliest version of any model (like the gen 2 G32), the gen 2.5's, RTF's etc.
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