Don's observation is particularly true of Lugers, as compared with other firearms.
There are just too many variables, including market conditions and relative collector interest.
The price is what you negotiate between buyer and seller.
You can get an idea of how others value a Luger on the online auction sites by looking at completed sales. With Lugers, this can be complicated because some rare variations are very rarely offered in the marketplace.
To get a value estimate from even knowledgeable collectors online that have not held the pistol in hand, and had an opportunity to closely examine it is fairly useless. Any value estimated here is not an appraisal, and could not be used in a sales negotiation or insurance estimate ethically.
What we can do is identify information about a Luger's characteristics and classification based on what we can discern from a photograph (which isn't complete knowledge).
We also publish an extensive FAQ to help everyone do this on their own.
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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