"Return of Jedi??"

alvin · 09-22-2017, 05:59 PM

Received a message from RIAC auctioneer saying:

"Ladies and gentlemen of the collecting community, Rock Island Auction Company is excited to announce the encore appearance of a world record holder. The finest known Singer M1911A1 pistol in existence will be available to the public in our 2017 December Premiere Firearms Auction.

Its extraordinary condition and rarity brought the appropriately high price of $166,750 in our September 2010 Premiere Auction. How far will collectors go this December now that they've been granted a second chance?"

This is a phenomena in current collecting world -- many high value items could not be hold by owners for long time.. why? no matter how rare how nice a gun is, it's a single gun. But this particular single gun occupies considerable amount of resources,,,, unless owner is very rich, it's not amount of resources that he/she could easily ignore,,, and it affects collecting other items due to this big chunk of dead money sleeping in safe. This is not the old days of 1950s, or 60s. Gun price level affects collector's behavior.

But this is high risk playing. Not sure how much RIAC charges on high value item. If 20%, this one needs to go $200,100 hammer (or, $230,115 BP included) in December. Just break even, not talking about making profit yet. Anywhere under that level will be loss. If this type of gun has to be cycled so frequently at this price level, pyramid is being built up higher and higher quickly, how long could this ponzi scheme last...

09-22-2017, 05:59 PM	#1
alvin User Join Date: Jul 2007 Location: US Posts: 3,843 Thanks: 132 Thanked 729 Times in 438 Posts	"Return of Jedi??" Received a message from RIAC auctioneer saying: "Ladies and gentlemen of the collecting community, Rock Island Auction Company is excited to announce the encore appearance of a world record holder. The finest known Singer M1911A1 pistol in existence will be available to the public in our 2017 December Premiere Firearms Auction. Its extraordinary condition and rarity brought the appropriately high price of $166,750 in our September 2010 Premiere Auction. How far will collectors go this December now that they've been granted a second chance?" This is a phenomena in current collecting world -- many high value items could not be hold by owners for long time.. why? no matter how rare how nice a gun is, it's a single gun. But this particular single gun occupies considerable amount of resources,,,, unless owner is very rich, it's not amount of resources that he/she could easily ignore,,, and it affects collecting other items due to this big chunk of dead money sleeping in safe. This is not the old days of 1950s, or 60s. Gun price level affects collector's behavior. But this is high risk playing. Not sure how much RIAC charges on high value item. If 20%, this one needs to go $200,100 hammer (or, $230,115 BP included) in December. Just break even, not talking about making profit yet. Anywhere under that level will be loss. If this type of gun has to be cycled so frequently at this price level, pyramid is being built up higher and higher quickly, how long could this ponzi scheme last...