luger on Gun Broker

DaveL · 05-03-2018, 12:43 PM

Can anyone give me a reason why this rusty pitted 1910 DWM went for $1,425 on Gun Broker? Does it have some special features I don't see? If not, all I can say is WOW!

https://www.gunbroker.com/item/766147698

alanint · 05-03-2018, 12:55 PM

Uninformed buyers who can't find one locally. The Reserve Machinegun Company Unit marking is nothing special, as far I know.

sheepherder · 05-03-2018, 02:47 PM

Outstanding photographs. CDNN sure ain't hiding anything'!!!

CDNN advertises frequently in Shotgun News (or whatever they're calling it this week).

I think I've even bought stuff from them. P38 parts kit, IIRC.

Edward Tinker · 05-03-2018, 02:54 PM

Item viewed 2159 times.

wow, it never seems i get that amount on something for sale there....

DaveL · 05-03-2018, 04:53 PM

I get CDNN e-mail flyers every day. About once a week or so, they send a list of the firearms they have up for sale on Gun Broker. I suspect that may explain the 2159 views. Come to think of it, that may also explain why it went for so high a price for a poj.
What do you guys think it should have gone for? I know I wouldn't pay much for it.

Edward Tinker · 05-03-2018, 05:17 PM

$500 is the max I would have considered it

DonVoigt · 05-03-2018, 08:47 PM

Well, at least one knows it is not a "fake"; I'm waiting for someone to claim "shill" bidding.

There is just no explaining what stuff sells for on auction!

DavidJayUden · 05-03-2018, 09:09 PM

OK, I'll be the first to suggest the possibility of skullduggery. Yes, CDNN gets the word out in their daily e mails, and yes, they do have a wide variety of interesting stuff. But virtually everythng of theirs that I follow brings top dollar, and it's usually (always?) the first time I see it listed on auction.
Color me "suspicious".
dju

DonVoigt · 05-03-2018, 10:22 PM

Quote:

Originally Posted by DavidJayUden

OK, I'll be the first to suggest the possibility of skullduggery. Yes, CDNN gets the word out in their daily e mails, and yes, they do have a wide variety of interesting stuff. But virtually everythng of theirs that I follow brings top dollar, and it's usually (always?) the first time I see it listed on auction.
Color me "suspicious".
dju

I fail to see why that is strange or suspicious; that is the way auctions work!

And a "no reserve" auction will sell every time!

We have all scratched our heads over dumb stunts people pull when buying things at auction- I've even paid too much myself for something I "needed".

ithacaartist · 05-04-2018, 03:05 AM

Ouch! I think Ed might even be a little generous in his estimate. But as the consensus seems, there's no tellin' about these things. And it's not restricted to Lugers, either. I recently tightened up my watch over what Erma toggle pistols are going for (not how much is asked). and the ones that actually sell seem to be commanding around a hundred bucks more, on average, than they did just a couple of years ago. That's great for the ones I bought before, but a certain insanity has slowly crept into the heads of people who buy these cast Zamak frame guns. It is a bit unnerving for me as a collector to have a bunch of loonies out there who will pay through the nose for crap!

DaveL · 05-04-2018, 01:16 PM

Talk about CDNN getting top dollar, This one blew my mind.
A year ago I would have been lucky to get $500 for the one I have that's in just as good or better shape than this one.
https://www.gunbroker.com/item/764138287

4 Scale · 05-04-2018, 04:22 PM

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.

05-03-2018, 12:43 PM	#1
DaveL User Join Date: Apr 2007 Location: Vermont Posts: 22 Thanks: 1 Thanked 0 Times in 0 Posts	luger on Gun Broker Can anyone give me a reason why this rusty pitted 1910 DWM went for $1,425 on Gun Broker? Does it have some special features I don't see? If not, all I can say is WOW! https://www.gunbroker.com/item/766147698

05-03-2018, 02:47 PM	#3
sheepherder Lifer Lifetime Forum Patron Join Date: Feb 2009 Location: ...on the 'ol Erie Canal... Posts: 8,182 Thanks: 1,400 Thanked 4,442 Times in 2,330 Posts	Outstanding photographs. CDNN sure ain't hiding anything'!!! CDNN advertises frequently in Shotgun News (or whatever they're calling it this week). I think I've even bought stuff from them. P38 parts kit, IIRC. __________________ I like my coffee the way I like my women... ...Cold and bitter...

05-03-2018, 08:47 PM	#7
DonVoigt User Join Date: Apr 2015 Location: near Charlotte NC Posts: 4,681 Thanks: 1,441 Thanked 4,350 Times in 2,040 Posts	Well, at least one knows it is not a "fake"; I'm waiting for someone to claim "shill" bidding. There is just no explaining what stuff sells for on auction! __________________ 03man(Don Voigt); Luger student and collector. Looking for DWM side plate: 69 ; Dreyse 1907 pistol K.S. Gendarmerie

05-04-2018, 03:05 AM	#10
ithacaartist Twice a Lifer Lifetime Forum Patron Join Date: Mar 2011 Location: Atop the highest hill in Schuyler County NY Posts: 3,343 Thanks: 7,264 Thanked 2,576 Times in 1,364 Posts	Ouch! I think Ed might even be a little generous in his estimate. But as the consensus seems, there's no tellin' about these things. And it's not restricted to Lugers, either. I recently tightened up my watch over what Erma toggle pistols are going for (not how much is asked). and the ones that actually sell seem to be commanding around a hundred bucks more, on average, than they did just a couple of years ago. That's great for the ones I bought before, but a certain insanity has slowly crept into the heads of people who buy these cast Zamak frame guns. It is a bit unnerving for me as a collector to have a bunch of loonies out there who will pay through the nose for crap! __________________ "... Liberty is the seed and soil, the air and light, the dew and rain of progress, love and joy."-- Robert Greene Ingersoll 1894

05-03-2018, 12:55 PM	#2
alanint User Join Date: Mar 2008 Location: Marco Island, Florida Posts: 4,867 Thanks: 1,685 Thanked 1,916 Times in 1,192 Posts	Uninformed buyers who can't find one locally. The Reserve Machinegun Company Unit marking is nothing special, as far I know.

05-03-2018, 02:54 PM	#4
Edward Tinker Super Moderator Eternal Lifer LugerForum Patron Join Date: Jun 2002 Location: North of Spokane, WA Posts: 15,931 Thanks: 2,032 Thanked 4,527 Times in 2,090 Posts	Item viewed 2159 times. wow, it never seems i get that amount on something for sale there....

05-03-2018, 04:53 PM	#5
DaveL User Join Date: Apr 2007 Location: Vermont Posts: 22 Thanks: 1 Thanked 0 Times in 0 Posts	I get CDNN e-mail flyers every day. About once a week or so, they send a list of the firearms they have up for sale on Gun Broker. I suspect that may explain the 2159 views. Come to think of it, that may also explain why it went for so high a price for a poj. What do you guys think it should have gone for? I know I wouldn't pay much for it.

05-03-2018, 05:17 PM	#6
Edward Tinker Super Moderator Eternal Lifer LugerForum Patron Join Date: Jun 2002 Location: North of Spokane, WA Posts: 15,931 Thanks: 2,032 Thanked 4,527 Times in 2,090 Posts	$500 is the max I would have considered it

05-03-2018, 09:09 PM	#8
DavidJayUden Patron LugerForum Patron Join Date: Nov 2008 Posts: 4,047 Thanks: 578 Thanked 1,414 Times in 887 Posts	OK, I'll be the first to suggest the possibility of skullduggery. Yes, CDNN gets the word out in their daily e mails, and yes, they do have a wide variety of interesting stuff. But virtually everythng of theirs that I follow brings top dollar, and it's usually (always?) the first time I see it listed on auction. Color me "suspicious". dju

05-04-2018, 01:16 PM	#11
DaveL User Join Date: Apr 2007 Location: Vermont Posts: 22 Thanks: 1 Thanked 0 Times in 0 Posts	Talk about CDNN getting top dollar, This one blew my mind. A year ago I would have been lucky to get $500 for the one I have that's in just as good or better shape than this one. https://www.gunbroker.com/item/764138287

05-04-2018, 04:22 PM	#12
4 Scale User Join Date: Nov 2014 Posts: 544 Thanks: 194 Thanked 489 Times in 251 Posts	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.