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Unread 06-02-2017, 08:05 AM   #9
alvin
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These should be transferable. Otherwise, not only $22K was not wholesale price, it's actually too high in retail.

gunsamerica.com also posted this news, the keys are here:

(1) "Kentucky-based Midwest Distributors has agreed to pay $22,000 for each of the iconic rifles, but they will likely sell the old police arsenal to private parties for much, much more."

-- The wholesale dealer paid $22K per gun on average.

(2) "two 1920s Colt-made models are worth $31,000 apiece. The cheapest gun in the collection, an Auto-Ordinance/Savage M1 from 1942, was appraised at a mere $14,000."

-- That does not sound like "much, much more" mentioned in (1). Not sure how the reporter counted.

(3) "St. Louis police considered auctioning the submachine guns themselves in 2014, and they could have raised considerably more money selling directly to collectors. But finding nearly 30 collectors willing to acquire the necessary federal permissions turned out to be too difficult, which forced the department to pursue an alternative course of action."

-- To find proper buyers, these guns should be consigned to well known auction houses slowly over a few years. That's probably the only way.
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