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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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well anyway. Last week I had two spoons at auction in Maine...they did sell a Colt Walker Pistol for $920,000 and had $11.4M in sales....but they had a lot of NO SALES as well...in paticular a Luger collection, which was OVER ESTIMATED AND HAD TOO HIGH OF RESERVES along with orginality questions.
The first piece was a West German Korth Revolver....est 3500 to 5000K..hammer price 3500 + 15% for $4075 out de door...never fear I was quiet profitable on this one even after the vigourish they charge as sellers commission.
Second piece was a Colt Bisley Flattop TGT circa 1900 rare model with less than a 1000 made...my spoon was restored professionally...in similar orginal condition would go for 15K to 20K. estimate was 5K to 7K....NO SALE.....The sucker didn't even get to my reserve which protects me. OUCH that hurt.
Tuesday..I get a call from the auctioneer. I have an offer, I countered at my reserve and they accepted......I am at Break Even...
So all in all I will not quibble and will take the cash and run...
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"Some Observer"
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