National Gun Forum banner
1 - 12 of 12 Posts

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #1 ·
I’m downsizing and have a 15 or so firearms (long guns and handguns) I don’t shoot anymore and that my grown children don't want. (They each already have the ones from my collection they wanted)

I’ve had some luck consigning guns at my favorite LGS... but some languish and don’t sell for several months. The fee to consign is 10% of selling price

A local auction house has a good reputation for selling firearms and I may give it a try. I’m unsure how it works... I need to call them to find answers to the questions I have... e.g., do they have reserves (or do I take the risk of a very low bid winning?) what are the fees etc.

Anybody else use an an auction house before for firearm sales?
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #6 · (Edited)
I have sold some guns at a local auction company. The fees are fairly high 20 to 22%. They run their auction locally to a live audience and nationally on the internet with several auction vendors so you get quite a large audience. The prices we got for the guns I felt was quite good. Nothing insanely expensive but fair prices, a little more that what was paid for the guns initially. For auctions outside our area I use Proxibid.com you can go there and see what they have to offer in the line of firearms and see what the owners are getting for there arms. Proxibid is one of several of these online auction sights, it will give you a good idea of how they work. Good luck with however you choose to let them go.

Mike
Yes... I read up on how our local auction company works and it is as you describe above.

I just have to call them and find out the commission percent and any other fees. They are connected with the larger online sites as well. They do all the work (pictures, descriptions, transfers, shipping, etc)

I expect it will be 20%

So... 10% at my LGS and waiting sometimes months for a gun to sell ... Or 20% at the auction house

I've also sold several guns directly via gun forums, and have used shipmygun.com to ship to the buyer's FFL

I've also sold many locally (face-to-face) using Armslist

Both of those last two methods take more time than I currently have to post pictures, describe the gun, and ship it (or meet face to face)

I'm either going to stick with the LGS method or just bite the bullet and take them all to the auction house (once I call and determine commission amount)

I'm selling some Colt, Dan Wesson and Wilson Combat 1911's.... So the relatively high price (compared to plastic guns that fill the shelves) sometimes is not a good fit for the LGS "walk-in" crowd.
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #8 ·
Well I’ll ask about the gorilla in the thread. What ya got?
Ha ha...sorry about that... I wasn't trying to bait anyone into asking... I just wanted to know how those full service auction houses work.

Here's the initial list of what I'll be getting rid of, so far (in one way or another) I'll share some pictures in a few days (I'm traveling for a few days)

If I decide to use the trading post/marketplace here on NGF, I'll post some descriptions and pix there

Five 1911s

-1954 Colt Lightweight commander .45

- 1980 Colt custom Series 70 government model 9mm 1911 in hard chrome

- Dan Wesson ECP 1911 .45

- Dan Wesson CCO 1911 .45

- Wilson Combat EDC X9

Other handguns

Ruger LCRx snubby in .357
Sig P365X Romeo Zero 9mm
Great Western Arms SA .22lr circa 1955
Beretta M100 .32acp circa 1971

Rifles
Savage Mark II BV .22lr bolt action
KelTec RDB17 5.56 bullpup
Remington fieldmaster 572 BDL .22s/l/lr pump action

Shotguns
Winchester Model 1400 MKII 12 gauge semi-auto
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #10 ·
Just called them (talked to owner) and discussed how it all works

18% commission

No other fees ... They handle all pictures, descriptions, shipping and transfers (they are an FFL)

They are connected with larger online sites and use proxibid

I'll be taking the guns there on Wed. at noon. They just started cataloging for their upcoming Nov 7 online firearm auction

Going to give it a try and see if I will be unhappy or happy with outcome

$1800 to sell $10,000 worth of guns or so ... Hard pill to swallow but I don't need those guns collecting dust here at home

Most were fun while I had them and it's time for someone else to enjoy them
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #13 ·
That sounds like a lot of commission but that's just another opinion. I've sold a lot on GB with minimums and "buy nows" and have had very good luck. I will wait it out if I have to in order to get my price but I never have failed to sell at my price. I'm like all other real gun owners, I just can't give one away at less than market value. I sell at what I research as market value, and, if necessary have a "real" local gunsmith appraise them.
I thought long and hard about GB, but being an unrated new seller, not being a FFL, not being able to take credit cards and only taking money orders, etc. makes many potential buyers shy away.

I'm a frequent buyer on GB, but only from FFLs who take credit cards so I'm always protected from any non-performance by a seller.
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #14 ·
I’m disappointed. You know I’ve been like a son to you. Don’t you ever think of my happiness? You’re only an 11 hour drive from here and I could visit family in Bettendorf while I’m there. Just turn most of them over to me and I’ll make sure they don’t ever get dusty ever again.
We lived in Bettendorf not far from the High School for 12 years 1982-1994.
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #16 · (Edited)
Hope it turns out well for you, it did for my wife and I. Good Luck. let us know the date and the name of the auction company. I may end up with one of your old ones.

Mike
I got a tour of the place at noon when I dropped off my guns today. I met the owners and the gunsmith that writes all the descriptions of the items. They also take and publish (online) many pictures of items they are auctioning.

They are preparing for the Live Online Firearms Auction on Nov 7

Pre-bidding (online) plus phone bids and absentee bids accepted 10 days in advance... and then the auction is live (but online)


I hope it turns out well :) I brought about $10,000 in guns there
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #22 ·
How did you arrive at the total value of $10,000.00 bucks? Auctions can be, and especially at this time, quite surprising as to what some will pay and prices can go for much more than their purchased prices paid previously, cost then.
The list of firearms you presented are all somewhat desired guns and should do very well when held at auction.
That was my conservative estimate only :)
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #23 ·
Cady Auctions - A really good outfit. Have done business with them in the past. Bought several guns from them, I assume they are still located in Cedar Rapids. Will look them up around the first of the month.

Mike
Yes...still in CR, Mike and Deb Cady are the owners. Good folks.
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #24 ·
Here's the details for anyone interested

Atmosphere Sky Leaf Plant Orange


140 Firearms, Dewat Machine Guns & Related Auction
Online Only Live

Sunday, 11/7, at 12 noon
Previews: Wed. 11/3, 1:00-4:00, Thurs. 11/4, 2:00-6:00 PM & Fri.11/5, 1:00-4:00 PM
Online prebidding is available now and online live bidding when auction begins

Good selection of estate firearms including collectible and usable. Des Moines estate of Dewat Machine guns you have not seen in a long time from a life long collector, fresh to the market!
Cady Auction Gallery, 833 Shaver RD NE, Cedar Rapids, IA 52402 Prebid & bid live on Proxibid (use this link) https://www.proxibid.com/asp/AuctionsByCompany.asp?ahid=3423





LONG GUNS: Rifles include Mossberg 144 22 LR Target, Sako Forester 308 & AV 375, Ruger 77 243 win, Winchester 70 300 win, M&M M-10 7.62 X 39, Plus more. Shotguns include Beretta A400 Xplor 12 ga & White Wing 12 ga, Winchester 21 12 ga & 1400 Skeet 12 ga, Browning Citori 12 ga, Plus more. Dewat Machine Guns include Browning 1919 A4, WWII British Bren Machine Gun Parts, Dummy British Lewis MKI 303, British PIAT Anti Tank Weapon, Non-Gun Schwarzlose Model 1907 / 12 Plus more. HAND GUNS: Revolvers include S&W Airweight 642-1 38 spec +p & 686-3 357, Colt Cobra 38 & SAA 1st Gen 38, Plus more. Pistols include Sig Sauer P320 XF 9mm, P365 9mm, P229 Legion SAO 9 mm & P226 Legion SAO 9mm. Beretta 92 X Compact 9mm, 92 X 9mm, 92 X Compact 9mm & 100 32 cal. Colt Commander Lightweight 45 acp & Mk IV Series 70 9mm , S&W 39-1 9mm & 4043 40, Glock 48 9mm & 43 9mm, CZ 75 SP-01 9MM Luger. Czech Model VZ27 32, VZ24 380, VZ38 380 & Praga 32. Argentine Colt 1927 11.25mm / 45 ACP, Walther Model P1 9mm, Kimber Stainless Target 10 mm, Whitney Wolverine 22LR, Tanarmi BTA90 9mm, Wilson Combat EDC X9 9mm, Dan Wesson DW ECP 45 acp, Plus more. OTHER: Lots of AMMO including collectible, magazines, reloading, holsters, ammo cans. Plus More.​

Full printable catalog with 1000's of photos on our website www.cadyauction.com.

Terms and Conditions of Sale on listings.

Mike and Deb Cady , Auctioneers
319-364-4143, [email protected]


If you no longer want to receive emails from our email list, you may unsubscribe by replying to this email with the word "unsubscribe" in the subject line.
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #26 · (Edited)
How much use has that Henry Big Boy .44 gotten? I've been looking for one in Iowa for a few years but nobody ever has the .44.
That one is not mine

I have a Henry .45 that is on my keep until I die list (my kids will want it)
 

·
Premium Member
Joined
·
668 Posts
Discussion Starter · #27 ·
Big Fail

My observations after using the auction service for 10 firearms

  • some of the lower-end guns sold for $100-$200 more than I thought they would
  • a couple of mid-range guns sold for what I expected
  • all of the 5 higher end guns (Colt, Wilson Combat and Dan Wesson) sold for significantly less than what I expected

So... Combine above results with 18% fee and I definitely won't be using an auction service any more

My estimate is that using the auction (vs selling on GunBroker or selling via consignment sale at LGS) cost me at least $2500

Tough lesson
 
1 - 12 of 12 Posts
Top