Million Dollar Luger #2 Greg Martin Auction

Hugo Borchardt · 02-26-2010, 06:37 PM

Thoughts? Will the buyer be considered a Jacka$$, a good investor, or a generous curator? Estimated $500k - $1M

LugerVern · 02-27-2010, 05:20 PM

The problem with such expensive guns is that as the price goes up they become less and less collectibles and more and more investments. As investments, it no longer is advantageous to have the general public and unknown knowledgeable individuals looking at your purchase as you risk discovering and revealing to the world that your million dollar baby is something less than what it appears to be.

This is not to say the purchaser is not a “collector” they may very well be and may thoroughly investigate their new purchase. It is after the investigation that the difference between “collector and “investor” appears.

A true collector will share the results of their investigation with the world; an investor however will only share if it is advantageous to do so.

This is why we rarely see clear high definition pictures of many of the older more known and desirable Lugers, you know they have been investigated to the max: x-rayed, Magnafluxed and so on by their owners but rarely is this information shared.

So to answer your question: a Jacka$$, a good investor, or a generous curator?

No “investor” in their right mind would waste or risk a million dollars, so the purchaser will no doubt be a “collector” and then shortly afterwards an “investor”.

I would like to be proven wrong, but I seriously doubt that we will ever see the results of the “new purchaser’s” investigation.

Vern

Hugh · 02-28-2010, 03:23 AM

The SN 2 45 test Luger is listed in Gregg Martin's March Auction;

http://www.gregmartinauctions.com/Au...px?LotID=34167

policeluger · 02-28-2010, 04:04 AM

I was down at Greg Martins last Wednesday and saw the gun in a special disply case......if you ever have cause to get access to the back storage room, its well worth the trip.....

Carl · 02-28-2010, 01:25 PM

There is a point when investors pay outlandish prices.
Art items, gold, comic books (last thursday Heritage Auctions sold a first issue Battman for over 1 million) are relative safe investments.
Modern guns are a poor investment. Who knows when the government will decide to take them. When that gun is registered you loose control.
Just my 2 cents, Carl

Jason L · 02-28-2010, 01:59 PM

Quote:

Originally Posted by Carl

There is a point when investors pay outlandish prices.
Art items, gold, comic books (last thursday Heritage Auctions sold a first issue Battman for over 1 million) are relative safe investments.
Modern guns are a poor investment. Who knows when the government will decide to take them. When that gun is registered you loose control.
Just my 2 cents, Carl

If you have a million dollars to spend on a gun, the government is not going to take it. The rich will always have their guns and privilege, thats the way the world works.

Hugh · 03-15-2010, 01:09 AM

Guess it wasn't a "million dollar Luger" after all!! Sold for $494,500 including buyers premium.

02-26-2010, 06:37 PM	#1
Hugo Borchardt User Join Date: Mar 2009 Location: Tennessee Posts: 370 Thanks: 340 Thanked 133 Times in 47 Posts	Million Dollar Luger #2 Greg Martin Auction Thoughts? Will the buyer be considered a Jacka$$, a good investor, or a generous curator? Estimated $500k - $1M Attached Thumbnails __________________ My militaria collection is dedicated to the memory of my Grandfather, Marine Gunnery Sergeant Dave Hill, Jr., wounded in action at The Assault of the Second Marine Division on Betio Island, Tarawa Atoll, 20-23 November, 1943. http://www.tarawa1943.com/pages/casualties%20tarawa.htm

02-28-2010, 03:23 AM	#3
Hugh RIP Join Date: Jun 2002 Location: Southeast Texas Swamp Posts: 2,460 Thanks: 2 Thanked 165 Times in 64 Posts	SN2 45 test Luger The SN 2 45 test Luger is listed in Gregg Martin's March Auction; http://www.gregmartinauctions.com/Au...px?LotID=34167 __________________ *TRUMP FOR PREZ IN '20!*

02-28-2010, 01:25 PM	#5
Carl User Join Date: Jun 2002 Location: Central PA Posts: 113 Thanks: 0 Thanked 5 Times in 2 Posts	Investment There is a point when investors pay outlandish prices. Art items, gold, comic books (last thursday Heritage Auctions sold a first issue Battman for over 1 million) are relative safe investments. Modern guns are a poor investment. Who knows when the government will decide to take them. When that gun is registered you loose control. Just my 2 cents, Carl

03-15-2010, 01:09 AM	#7
Hugh RIP Join Date: Jun 2002 Location: Southeast Texas Swamp Posts: 2,460 Thanks: 2 Thanked 165 Times in 64 Posts	Guess it wasn't a "million dollar Luger" after all!! Sold for $494,500 including buyers premium. __________________ *TRUMP FOR PREZ IN '20!*

02-27-2010, 05:20 PM	#2
LugerVern User Join Date: Apr 2005 Location: Virginia Posts: 563 Thanks: 1 Thanked 34 Times in 27 Posts	The problem with such expensive guns is that as the price goes up they become less and less collectibles and more and more investments. As investments, it no longer is advantageous to have the general public and unknown knowledgeable individuals looking at your purchase as you risk discovering and revealing to the world that your million dollar baby is something less than what it appears to be. This is not to say the purchaser is not a “collector” they may very well be and may thoroughly investigate their new purchase. It is after the investigation that the difference between “collector and “investor” appears. A true collector will share the results of their investigation with the world; an investor however will only share if it is advantageous to do so. This is why we rarely see clear high definition pictures of many of the older more known and desirable Lugers, you know they have been investigated to the max: x-rayed, Magnafluxed and so on by their owners but rarely is this information shared. So to answer your question: a Jacka$$, a good investor, or a generous curator? No “investor” in their right mind would waste or risk a million dollars, so the purchaser will no doubt be a “collector” and then shortly afterwards an “investor”. I would like to be proven wrong, but I seriously doubt that we will ever see the results of the “new purchaser’s” investigation. Vern

02-28-2010, 04:04 AM	#4
policeluger RIP Join Date: Jun 2002 Location: Ca. Posts: 2,141 Thanks: 8 Thanked 89 Times in 54 Posts	I was down at Greg Martins last Wednesday and saw the gun in a special disply case......if you ever have cause to get access to the back storage room, its well worth the trip.....