SELLING GUN STUFF AT AUCTION

General shadiness aside, don't forget that if you buy your own gun back you'll still have to pay buyer's premium ( typically 15%) and sales tax ( 13% in ON ). If' it's a high end item, you could easily wind up paying hundreds of dollars in fees, and you might be further ahead to let it go for less than what you would consider "fair".
 
tiriaq said:
With respect to being outbid... Suppose an item has an opening bid of $10. I'm prepared to pay $100, but I'm not going to be around when the sale occurs. So I bid $100; that is my absolute maximum. No other bidder can see this. My bid will appear as $10. Laddie bids $15. The computer system will automatically up my bid, I will have top bid. Laddie will be told he has been outbid. This will continue until my cap of $100 is reached. At that point laddie's higher bid will become top bid. This is how the system on iCollector works. It is not the auction house managing the bidding, it is iCollector, the computerized management system.
If you are getting outbid each time you try to place a bid, it means someone has established a maximum. You are going to have to find and exceed this level if you want to place a successful bid.
Covid and online bidding certainly changed the game. Most of the time in an auction hall you were competing with someone physically present. Now, you are competing at the national or international level. The online catalogues are read all over the world. There may be serious competition.
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Thanks for the explanation. First time I've come across that feature. Other auctions were not set up that way and real time history was given. This was my first time trying out a new auction house
I guess that feature saves the need to frequently check the listings
 
That was well explained...put your maximum bid in and forget it, at the end see if you were the top bidder
I actually think that works well except often now when time is up and you think you won they tell you its only a "soft closing" and the auction continues for another hour...now that is a bit slimy in my book
 
9.3mauser said:
General shadiness aside, don't forget that if you buy your own gun back you'll still have to pay buyer's premium ( typically 15%) and sales tax ( 13% in ON ). If' it's a high end item, you could easily wind up paying hundreds of dollars in fees, and you might be further ahead to let it go for less than what you would consider "fair".
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You are right. I would only bid if my item was going for a rediculously low price. I have never done it but raised the question with a Auctioneer and was told it was very much improper. However, another Auctioneer told me it was fair ball with him.
 
the spank said:
Auctions suck, plain and simple. Why not just consign it all with a reputable dealer?
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There are two reasons to consign to an auction. The first is you get your money in a predictable time. Depending on the gun and the dealer a gun can linger on the rack for a very long time. The second is you can offload guns you might not sell to a friend, online where there is public feedback or consign to a store where you regularly do business.
 
tiriaq said:
With respect to being outbid... Suppose an item has an opening bid of $10. I'm prepared to pay $100, but I'm not going to be around when the sale occurs. So I bid $100; that is my absolute maximum. No other bidder can see this. My bid will appear as $10. Laddie bids $15. The computer system will automatically up my bid, I will have top bid. Laddie will be told he has been outbid. This will continue until my cap of $100 is reached. At that point laddie's higher bid will become top bid. This is how the system on iCollector works. It is not the auction house managing the bidding, it is iCollector, the computerized management system.
If you are getting outbid each time you try to place a bid, it means someone has established a maximum. You are going to have to find and exceed this level if you want to place a successful bid.
Covid and online bidding certainly changed the game. Most of the time in an auction hall you were competing with someone physically present. Now, you are competing at the national or international level. The online catalogues are read all over the world. There may be serious competition.
Click to expand...

Hey , ditto .

Most of this depends on the ethics and principals of the auction house.
I have bought from the high end (Switzer , Kidd ect.) and some low end. (no further comment0
but I have not sold.
....skwerl
 
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