Re: Your advice on liquidating guns
[Re: beeman]
#7620549
07/06/22 10:10 AM
07/06/22 10:10 AM
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Joined: Dec 2006
Posts: 15,594 MN, Land of 10,000 Lakes
Trapper7
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Would an auction bring in enough extra money to pay for the commission he would have to give the auctioneer? I think an auction would be the way to go also. I have been to quite a few auctions that had a decent number of guns for sale. All the guns sold and for a good price. With the state of the country when it comes to guns, I doubt he would have any problem getting rid of all he puts up for auction. Most auctioneers charge a buyer's premium so the commission they take for selling is sometimes lower. Your friend should check with several auctioneers to get the best deal. Assuming he wants to sell as many guns as you say, most auctioneers should be anxious to get his business.
I don't care how nice the hand soap smells, you should never walk out of the restroom sniffing your fingers.
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Re: Your advice on liquidating guns
[Re: beeman]
#7620558
07/06/22 10:36 AM
07/06/22 10:36 AM
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Joined: Dec 2006
Posts: 15,594 MN, Land of 10,000 Lakes
Trapper7
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Thanks for all the ideas. I will tell him what I found out. It looks as though he should find an auction that has a sporting goods background and consign them to it.
One more question. Do you think 35 long guns would be enough guns for an auction on their own? Yes.
I don't care how nice the hand soap smells, you should never walk out of the restroom sniffing your fingers.
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Re: Your advice on liquidating guns
[Re: beeman]
#7620559
07/06/22 10:37 AM
07/06/22 10:37 AM
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Joined: Jan 2007
Posts: 17,788 MN
160user
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The down side to the auction is you will be paid by check and may need to account for the "income". That is why I prefer a cash sale.
I have nothing clever to put here.
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Re: Your advice on liquidating guns
[Re: beeman]
#7620562
07/06/22 10:44 AM
07/06/22 10:44 AM
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Joined: Feb 2014
Posts: 13,059 Ky
jbyrd63
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lot of the real estate agents in my area have online auctions for guns. Just contact them . They do all the work. .No reserve is a better deal. The way you insure that they bring what you want is YOU BID ON IT. Bidders aren't listed so no one knows if you bid . If it is below the reserve price just bid what you have to have for it.... Plus just list that buyer pays all commissions. That's how they do land auctions now...
Last edited by jbyrd63; 07/06/22 10:46 AM.
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Re: Your advice on liquidating guns
[Re: jbyrd63]
#7620575
07/06/22 10:55 AM
07/06/22 10:55 AM
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Joined: Dec 2006
Posts: 15,594 MN, Land of 10,000 Lakes
Trapper7
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lot of the real estate agents in my area have online auctions for guns. Just contact them . They do all the work. .No reserve is a better deal. The way you insure that they bring what you want is YOU BID ON IT. Bidders aren't listed so no one knows if you bid . If it is below the reserve price just bid what you have to have for it.... Plus just list that buyer pays all commissions. That's how they do land auctions now... The only downside for you bidding is you will have to pay the auctioneer's selling fee if your bid is the high bid. If there is any buyer's premium, you'd be stuck for that too. Around here most buyer's premiums are 10%. I think right now is a good time to sell a firearm.
I don't care how nice the hand soap smells, you should never walk out of the restroom sniffing your fingers.
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Re: Your advice on liquidating guns
[Re: white marlin]
#7620701
07/06/22 02:34 PM
07/06/22 02:34 PM
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Joined: Dec 2006
Posts: 20,966 St. Louis Co, Mo
BigBob
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just to glob on here...
is there a website for gun values, like there is for automobiles? like a firearms version of Kelly Blue Book?
I have a few I might part with, but not near enough for an auction. www.Gunbrokers.com
Every kid needs a Dog and a Curmudgeon.
Remember Bowe Bergdahl, the traitor.
Beware! Jill Pudlewski, Ron Oates and Keven Begesse are liars and thiefs!
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Re: Your advice on liquidating guns
[Re: beeman]
#7620709
07/06/22 02:45 PM
07/06/22 02:45 PM
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Joined: Dec 2014
Posts: 2,239 SW WI
trapper20
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Would an auction bring in enough extra money to pay for the commission he would have to give the auctioneer? YES, ive seen people buy used guns for more than they would spend to get a new one.
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Re: Your advice on liquidating guns
[Re: BigBob]
#7620733
07/06/22 03:25 PM
07/06/22 03:25 PM
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Joined: Jan 2007
Posts: 17,788 MN
160user
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just to glob on here...
is there a website for gun values, like there is for automobiles? like a firearms version of Kelly Blue Book?
I have a few I might part with, but not near enough for an auction. www.Gunbrokers.comBe sure to use the "advanced" search function to see what stuff ACTUALLY sold for, not asking prices.
I have nothing clever to put here.
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Re: Your advice on liquidating guns
[Re: BigBob]
#7621131
07/07/22 07:20 AM
07/07/22 07:20 AM
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Joined: Jan 2007
Posts: 17,788 MN
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I have a friend that buys collections. Pm me a list and I will pass it along. Me? You will be shocked at how little they will offer you most of the time.
I have nothing clever to put here.
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Re: Your advice on liquidating guns
[Re: bblwi]
#7621210
07/07/22 09:23 AM
07/07/22 09:23 AM
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Joined: Jan 2007
Posts: 17,788 MN
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The down side to the auction is you will be paid by check and may need to account for the "income". That is why I prefer a cash sale.
Yes but if he kept records of what he paid for them and put them on a 4797 form he would only need to claim the gain as income. He could also deduct that portion of the cost of selling to each firearm as well.
Bryce Does anyone actually keep records of what they paid for guns? To each their own but I prefer the cash transactions.
I have nothing clever to put here.
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