Thought there would have been some real serious comment on this sale seeing the .45 cal Luger is the "Holy Grail" of Luger collecting. Well, to advanced collectors at least. "Well Healed" advanced collectors at that. So this $1,000,000 Luger sold for under $500,000. As stated someone lost some big time money. Would this 50% loss in value reflect also in other hi end Lugers? Or maybe this is something across the board in all hi end guns. I take the buyers of such six figure guns are most likely investors rather than gun collectors. Hopping to turn a buck. Just look at Barrett-Jackson auto auctions 60's muscle cars selling for $100k+ only for the car to be at auction again within a year. There to with sometimes a reduction in value. I review a few hi end auction sites and it looks as if alot of other big dollar firearms are showing up for auction,like one from Custer's last stand. Selling to make money? or selling before the auction prices keep dropping as the maybe $500k loss someone took on the .45 cal Luger.Who knows where the people with the big bucks will invest, stocks,cars guns?
Bill
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