Quote:
Originally Posted by Jandrews
Tabs....in general, how accurate are the "estimated prices" in these auctions? And where do those "estimates" come from? For example, a shotgun that lists an estimated price of $200-$400.....how much would you want to be in it for?
Thanks,
JA
|
Every auctioneer plays a different game with estimates. John Gangle LOWBALLS his estimates, Julias tends to Pump them up, Rock Island tend to be a bit high as well. Best way to check is to check prices realized vs estimates over several auctions...Generally I like to check those realized prices vs estimates as a gauge of how well it went. Also knowing prices on what you are after is derigure..
If U are buying something that is currently in production. There is Retail, then there is what the Dealer buys it for from the Distributor...a used spoon in new condition is worth just under Distributor price. Let us say 400 is Distributor...380 is what I would want to buy it for hoping I could sell above the Dist price. However below Stocking Dealer is where it is at...I found a NIB Ed Brown Exec Carry for just under Stocking Dealer delivered.
The Rock Island people told me that 30% to 35% of everything in one of their auctions is owned by them. That is where they make theri real dinero. The consignments are just filler. However a M $ collection is more than filler. So if you have HIGH $$$$ items you negioiate your Sellers Commish...
Generally an auctioneer wants 20%, Rock Island is or was at 17.5%...However if you bring in a bank collection it is called ZERO or 1% Sellers Commmish. why because the guy is going to make at least 15% on the BUYER. so a 1M $$ hammer priced spoon is going to net the auctioneer a cool 150K for 3 minutes of time on the block. Nice work if you can get it. What I don't get are all the auctioneers who will spend the same 3 minutes for an item that is less than $5.00.