I spend way too much time hoping to find Lugers at good prices. Constantly I find myself saying "Huh!" in seeing pistols that sell at prices that seem too high or two low.
IMO Luger availably tends to be a little cyclical, over maybe a 2-5 month span; at times the quantity of pistols offered at low/no reserve is thin, sometimes there are lots for sale. As Don points out, the low/no reserve pistols always sell and are therefore are a useful gauge of market value. IMO Luger availability is a bit thin right now at auction sites. My guess is, newer prospective Luger owners, who get into the market during a thin time, probably look for awhile then get over eager and over bid.
Several auctions are coming up in June at Rock Island, Amoskeag, Morphy. This pistol went high, but I am hoping this June might be a good time to buy. For sure, last June was an excellent month for buyers with several fine acquisitions reported by collectors on the forums.
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