Auction price

Codymonster · 03-15-2021, 06:12 PM

Probably compared to the majority of you guys here I’m a relative newbie to collecting Lugers. I purchased a few recently, mostly WWI vintage. And I feel that I’ve been pretty good at not over paying.
But you guys tell me if you’re in agreement here. I’m trying to get more of a community feel here. But the price paid for this auction seems way out of line for the going rate. The numbers don’t match. The (massive) import stamp is a major turn off from a collector standpoint. No insight if all the parts are original or broken.

Thoughts?

https://texas-b.hibid.com/lot/846939...q=&ref=catalog

Ron Wood · 03-15-2021, 06:31 PM

I wouldn't pay even half that amount.
Ron

cirelaw · 03-15-2021, 06:32 PM

I Agree With Ron!! Non Matching Number, I hope you are only reffering to the magazine!!!

Norme · 03-15-2021, 06:42 PM

Hi Cody,
Welcome to the forum! I hope it was not you who bid $2,000.00 for that gun, as the others have said, it's way over priced. You can do much better if you buy from one of these highly respected on-line dealers. They are Simpson Ltd. and Legacy Collectibles. Both have well illustrated web sites.
Norm

cirelaw · 03-15-2021, 06:54 PM

Did they appraise it or a reserve. Do you mind telling what auction? Did they have a return policy? Where can we see their description offered~

Codymonster · 03-15-2021, 09:57 PM

I found it at hibid.com. I did bid but backed out after it hit above $800. Just totally ridiculous. I have a few P08s myself but didn’t pay anywhere close to that for what this was. I noticed it was non-matching since the side plate was a different number than other numbered parts that were visible. The import stamp was a real turn off. I was looking at it as just a shooter but $2,000? I feel sorry for anyone that got caught up in the auction and didn’t know what it was really worth.

cirelaw · 03-15-2021, 10:18 PM

At least in marriage you can get a divorce!

Patrick Sweeney · 03-16-2021, 12:37 PM

Clearly someone had to have it. Whoever signed off on the location and type of import marking should be flogged.

Doubs · 03-16-2021, 04:15 PM

Quote:

Originally Posted by Ron Wood

I wouldn't pay even half that amount.
Ron

Absolutely agree. 1/3 the sale price would be pushing it for me.

Edward Tinker · 03-16-2021, 04:28 PM

It s a local auction, folks rarely see lugers (even tho not rare), and local auctions infrequently are cheap, most of the time, much higher usually than a face to face.

Yes, I think 800-1100 is about right, and most auction bidders lose sight of the auction amount added to the total.

Michigan Gunner · 03-16-2021, 08:16 PM

I am not a Luger expert but that is way to much. I bought two Lugers last weekend. One of them has non-matching parts. Its also an arsenal rework with a different "Cannon" matched to the frame and renumbered. Its a shooter, I payed $400 for it. Both were being sold from an estate. I even told them that if they took the time to advertise it they could get more but were happy just to sell it and be done.

Lock and Load

03-15-2021, 06:12 PM	#1
Codymonster New User Join Date: Oct 2020 Posts: 2 Thanks: 0 Thanked 3 Times in 2 Posts	Auction price Probably compared to the majority of you guys here I’m a relative newbie to collecting Lugers. I purchased a few recently, mostly WWI vintage. And I feel that I’ve been pretty good at not over paying. But you guys tell me if you’re in agreement here. I’m trying to get more of a community feel here. But the price paid for this auction seems way out of line for the going rate. The numbers don’t match. The (massive) import stamp is a major turn off from a collector standpoint. No insight if all the parts are original or broken. Thoughts? https://texas-b.hibid.com/lot/846939...q=&ref=catalog

03-15-2021, 06:31 PM	#2
Ron Wood Moderator 2010 LugerForum Patron Join Date: Jun 2002 Location: Santa Teresa New Mexico just outside of the West Texas town of El Paso Posts: 7,022 Thanks: 1,090 Thanked 5,178 Times in 1,703 Posts	I wouldn't pay even half that amount. Ron __________________ If it's made after 1918...it's a reproduction

03-15-2021, 06:32 PM	#3
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	I Agree With Ron!! Non Matching Number, I hope you are only reffering to the magazine!!!

03-15-2021, 06:42 PM	#4
Norme Always A Lifetime Forum Patron Join Date: Jul 2009 Location: Colorado Posts: 2,417 Thanks: 226 Thanked 2,603 Times in 933 Posts	Hi Cody, Welcome to the forum! I hope it was not you who bid $2,000.00 for that gun, as the others have said, it's way over priced. You can do much better if you buy from one of these highly respected on-line dealers. They are Simpson Ltd. and Legacy Collectibles. Both have well illustrated web sites. Norm

03-15-2021, 06:54 PM	#5
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	Did they appraise it or a reserve. Do you mind telling what auction? Did they have a return policy? Where can we see their description offered~

03-15-2021, 09:57 PM	#6
Codymonster New User Join Date: Oct 2020 Posts: 2 Thanks: 0 Thanked 3 Times in 2 Posts	I found it at hibid.com. I did bid but backed out after it hit above $800. Just totally ridiculous. I have a few P08s myself but didn’t pay anywhere close to that for what this was. I noticed it was non-matching since the side plate was a different number than other numbered parts that were visible. The import stamp was a real turn off. I was looking at it as just a shooter but $2,000? I feel sorry for anyone that got caught up in the auction and didn’t know what it was really worth.

03-15-2021, 10:18 PM	#7
cirelaw Lifer Lifetime Forum Patron Join Date: Dec 2003 Location: PORT ST LUCIE, FLORIDA Posts: 12,216 Thanks: 6,209 Thanked 4,133 Times in 2,173 Posts	At least in marriage you can get a divorce!

03-16-2021, 12:37 PM	#8
Patrick Sweeney User Join Date: Jun 2005 Posts: 67 Thanks: 0 Thanked 50 Times in 25 Posts	Clearly someone had to have it. Whoever signed off on the location and type of import marking should be flogged.

03-16-2021, 04:28 PM	#10
Edward Tinker Super Moderator Eternal Lifer LugerForum Patron Join Date: Jun 2002 Location: North of Spokane, WA Posts: 15,935 Thanks: 2,033 Thanked 4,533 Times in 2,093 Posts	It s a local auction, folks rarely see lugers (even tho not rare), and local auctions infrequently are cheap, most of the time, much higher usually than a face to face. Yes, I think 800-1100 is about right, and most auction bidders lose sight of the auction amount added to the total.

03-16-2021, 08:16 PM	#11
Michigan Gunner User Join Date: Aug 2002 Location: Michigan, on the border Posts: 75 Thanks: 2 Thanked 15 Times in 9 Posts	I am not a Luger expert but that is way to much. I bought two Lugers last weekend. One of them has non-matching parts. Its also an arsenal rework with a different "Cannon" matched to the frame and renumbered. Its a shooter, I payed $400 for it. Both were being sold from an estate. I even told them that if they took the time to advertise it they could get more but were happy just to sell it and be done. Lock and Load