What is FAIR Market Value

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canuck94

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It's a phrase that rivals "The check's in the mail!"

So what is "fair market value"?

It's the "average" price an item sells for in the general marketplace, based on condition.

A new in the box rifle cannot be compared to one that was used as a crow bar and delivered as deck cargo on a submarine.

We argue that a gun is a utility tool, use them in the rain and toss em in a closet without cleaning AND then we try to sell them as Tiffany lamps.

If you want collector prices, you have to treat them as collector pieces.

Use'em but don't abuse'em and you may expect fair market value.

Nuff said.

Now what do you think?
 
I've got two kinds of guns, ones I take hunting and ones that don't see the light of day and only get taken out once a year to get oiled. The prices on selling are different from the other.

The sad thing is that some guys think they've got diamonds in the rough and try to sell em like that but who cares, as long as they have pics up they most likely won't sell for the first month till the guy drops his price anyways. Unless a newb buys it and gets stung but thats how ya learn right?
 
What's fair is fair, if I want to sell a gun I pass them along at a reasonable rate and move on. If I don't want to sell a gun, I don't sell it.

I've noticed that if the price is 10% less than the going rate, the gun sells very quick and everyone is thrilled. 10% is the difference between 28 tirekickers and an "I'll take it".
 
Fair Market Value is whatever something actually trades at. If someone is willing to sell at a price that someone else will pay then that is fair value.Actual selling prices are always fair unless one of the parties had information about the firearm that the other party didn't.
 
Fair market value is a value determined by two or more knowledgeable parties dealing at arms length. It's an important concept for tax departments. If you're willing to sell an item to a stranger with indifference and that stranger is willing to buy that particular item with indifference, that value is fair market value. If you sell an item to a relative or friend, there might be a tendency to transfer value or a portion thereof to that friend or relative.
 
Fair market value is usually somewhat LOWER than brand new in box. It is amusing to see some people asking MORE for a used gun than what a dealer sells for "new". I guess the increased price is for sentimental added value.

Fair is very arbitrary. If you feel the gun is worth the asking price then it would be fair in your eyes. It may seem overpriced to the next guy.

Although there is a load of OVERpriced stuff on EE there are by the same token some real good deals. I have picked up some very reasonable deals.
 
I buy and sell for a living. Not guns but same concept. In order for me to make money I need to find someone who is willing to sell to me at one price and then I need to find someone who is willing to buy that same product at a higher price. That's called profit. Most of the time I need to add or change the value of the product in order to make a profit. That can be by adding the freight to a new location or by altering it in some way. Sometime I can make a profit because my buyer wants a product but does not know where to find it so that's where I come in. I think that with guns many of the same issues apply. Yes I can buy a gun at a local shop but sometimes I am willing to pay more from someone else because it is available right now or it has something added such as a scope that I feel is worth more value.
Also I make money because some people just don't know what "fair market price" really is on a particular product but I not complaining.
 
Well that was an interesting experiment.

Very few people have any real understanding of a simple principle.

Market value is an average selling prices of houses, cars and even guns, nothing more and nothing less.

It is not the dealings of one person to another person, it is an average of the dealings between hundreds or even thousands of people.

And it most certainly isn't the average profit margin of any business.

My point was simple, while many use the term, very few understand it, therefore it gets abused.

Very few guns/items are sold at "fair market value" because no one takes the time to research what the average selling price would be, for a comparitive item.
 
blah blah blah, your post is too vague and full of generalizations. What, where and to whom is more to the point. Example, a winchester 86 is more valuable to an American hence prices commanded are more than Canada. A black rifle usually commands more to younger crowd than WWII vets, and a garand vice-versa. So again, what, where and to whom, sounds pretty simple to me:p
 
johnl said:
blah blah blah, your post is too vague and full of generalizations. What, where and to whom is more to the point. Example, a winchester 86 is more valuable to an American hence prices commanded are more than Canada. A black rifle usually commands more to younger crowd than WWII vets, and a garand vice-versa. So again, what, where and to whom, sounds pretty simple to me:p
Click to expand...

I have to assume that blah blah blah is some type of BC greeting and not a sign of disrespect.

What, where and to whom is more of a pointless than a point.

Nowhere did I indicate any type of international comparisions. A fair market value could be a regional value. For example, the average price of a bush carbine in Quebec or Ontario might be more than the average price of a bush carbine in the prairie provinces on the open ranges. Some calibers are far more popular in one area than others.

But thank you for helping me make my point.
 
Had I known this was an exercise in futility by someone far smarter than anyone who trades in firearms I would not have replied. But then it di come from somewhere near the centre of the universe
 
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