Million Dollar Luger #2 Greg Martin Auction
 

Thoughts? Will the buyer be considered a Jacka$$, a good investor, or a generous curator? Estimated $500k - $1M

The problem with such expensive guns is that as the price goes up they become less and less collectibles and more and more investments. As investments, it no longer is advantageous to have the general public and unknown knowledgeable individuals looking at your purchase as you risk discovering and revealing to the world that your million dollar baby is something less than what it appears to be.

This is not to say the purchaser is not a “collector” they may very well be and may thoroughly investigate their new purchase. It is after the investigation that the difference between “collector and “investor” appears.

A true collector will share the results of their investigation with the world; an investor however will only share if it is advantageous to do so.

This is why we rarely see clear high definition pictures of many of the older more known and desirable Lugers, you know they have been investigated to the max: x-rayed, Magnafluxed and so on by their owners but rarely is this information shared.

So to answer your question: a Jacka$$, a good investor, or a generous curator?

No “investor” in their right mind would waste or risk a million dollars, so the purchaser will no doubt be a “collector” and then shortly afterwards an “investor”.

I would like to be proven wrong, but I seriously doubt that we will ever see the results of the “new purchaser’s” investigation.

Vern

SN2 45 test Luger
 

The SN 2 45 test Luger is listed in Gregg Martin's March Auction;

http://www.gregmartinauctions.com/Au...px?LotID=34167

I was down at Greg Martins last Wednesday and saw the gun in a special disply case......if you ever have cause to get access to the back storage room, its well worth the trip.....

Investment
 

There is a point when investors pay outlandish prices.
Art items, gold, comic books (last thursday Heritage Auctions sold a first issue Battman for over 1 million) are relative safe investments.
Modern guns are a poor investment. Who knows when the government will decide to take them. When that gun is registered you loose control.
Just my 2 cents, Carl

If you have a million dollars to spend on a gun, the government is not going to take it. The rich will always have their guns and privilege, thats the way the world works.

Guess it wasn't a "million dollar Luger" after all!! Sold for $494,500 including buyers premium.:rolleyes: