Gun auction

[okietool]

The seller pays 10% the buyer pays additional 5% and then buyer paid 8.8% sales tax. Needless to say I did not come home with anything.

Hm, their web site said 5% on the buyer & 8.5% tax.
That other 5% would have for sure been what sent me home.
And they say we (oil companies) price gouge.

 

[okietool]

Elk City is an oil patch town. Alot of guys making big money and they think it is going to last forever. Guns always go high.

I make living out of said oil patch (40 years worth).
As for it lasting forever, only the young believe that.
And big money is relative.

 

[vvvvvvv]

Everything was WAY too high. I left at the #36 mark.

I'm the nerd with the pony tail that was Googling everything's retail and sold-price. At #36, there wasn't a single one that didn't go for less than 20% above market value. Plus they had the 5% buyer's premium, with the 8.5% sales tax compounded on it, which meant if you bought a gun there you paid 50% too much.

I seriously thought about asking at the table when I left if I could come back in with a few guns to add to the sale.

 

[Okie4570]

The last three gun autions I've gone to in the last year or so, prices were crazy high. They were not in large towns either. The last one only had about 50 bidders. Rifles that were in about 75% condition were going for over $100 more than what you could buy one new! It's the frenzy of the auction I guess. Anyone know what the Remington 5mm mag went for?

 

[Preacherman]

The last three gun autions I've gone to in the last year or so, prices were crazy high. They were not in large towns either. The last one only had about 50 bidders. Rifles that were in about 75% condition were going for over $100 more than what you could buy one new! It's the frenzy of the auction I guess. Anyone know what the Remington 5mm mag went for?

It went for $260

 

[Okie4570]

It went for $260

Thanks, I bought the same model a couple years ago. I would have been interested if it would have been the tube magazine model.

 

[becker_atc]

Thats the thing with auctions. You get someone there that is bound and determine to buy something.

Example....At a farm sale one time for mine dad near Perry. He sent me after some equipment and tools if prices were good. Equipment was junk and went high i didnt bid. The tools on the other hand was all over. I bid on pick of a pile of 3/8 and 5/16 log chains. I got out bid at $35 and he picked best two and the rest were needing hooks or were stretched. Ten minutes later I bought 12 or 13 (a set) of 1" drive PROTO impact sockets for the pricey sum of $40. In grainger catolog the cheapest (smallest one there) went for around $60. Then bought a 5' rock bar for $20.

Once saw a small carry type tool box full of harbor frieght wrenches and sockets ect. go for over 150 at another sale back home in Red Rock. Not an american made peice in it out side the vintage craftsman box they were in that was all dented up. coulda had all of it new i bet for less than $75.

Auctions are fun. Deals can be had but know what your bidding on and a good auctioneer can run price up fast.....

 

[Biggsly]

I make living out of said oil patch (40 years worth).
As for it lasting forever, only the young believe that.
And big money is relative.

I agree. I worked out there for a little over 15 years. I have seen the ups and downs.

 

[okietool]

I agree. I worked out there for a little over 15 years. I have seen the ups and downs.

weren't you looking for a job?

 

[Biggsly]

weren't you looking for a job?

lol. I have offers to go back. I was offered a job today, if I would move back. My body is worn down and I don't want to move back to Elk City. I have been spoiled living in the city.