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Heads up on 242 on Gunbroker (something funny)

6678 Views 11 Replies 6 Participants Last post by  ducatidoc
I just wanted to give everyone a heads up on a Gunbroker auction for a 242. I know this is a hard to get gun & some of you might be interested in it. I was, and contacted the seller to see if he had a buy it now price. His reasponse to me was that the last one sold on GB for $1600. Here is the link for that one.

http://www.gunbroker.com/Auction/ViewIt ... =124955405

Now I remember seeing this auction & saw that there was a bidding war between 2 people. Just look at the bid history & you will see that the bidding war was between ms.mag (winner) & freedomex. Here is the link to the new auction.

http://www.gunbroker.com/Auction/ViewIt ... =126925734

What do you know, the seller is freedomex. Now at first I thought that it was the same gun, but it isn't (different serial number). I guess he decided to bid the first one up & got someone that has enough money to just keep bidding on the gun.

I am definately not pointing any fingers at noconetrader. I know he is a straight up guy. I just think it is odd for him (freedomex) to have one to sell & is bidding up another one right before he lists his to sell. Am I wrong here, or does it look fishy to everyone else also.

Chris
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I know I'm in the minority here, but I will not buy anything on line. I would like to see where my money is going personally. :)
I only bought one of my guns online, and the deal went smoothly. The gun (M-10-8 4"hb) was a police gun, with only slight use. (issued just before they went to 9mm.)

I like to inspect the guns that I buy, and give it the once over.....before I lay my $$$ down. I never buy online, despite my good experience. It sorta goes against my cautious nature.....especially buying anything used. Bob
I have bought many guns on auction sites & never had a problem. The main problem I have here is him bidding up one auction right before he places his gun for sale. If I am looking at bidding on a gun, I always look back at the closed auctions to see what the gun is selling for. Of course, unless I just know right off the back that it is a great deal. I wouldn't want someone looking back & seeing the last one selling for $1600 & thinking that is what these guns are going for. Previous sales for this gun that I have seen in the same condition have gone for $700 to $800. Now I could see maybe one going for $1000, but $1600 seems rediculous to me especially with him being one of the ones that bid it up that high.

Chris
With any auction know your gun, market price, and what you are willing to pay. If possible check out the buyer and return terms, although I break this rule if it's something I want and can afford to take some loss. I do always consider the down side, what I can get rid of it for if not as advertised.

Example I am looking for a M 66 now for IDPA competition, have a good idea of market prices, know what it will cost me to bring it back to spec if grips etc have been changed and also know possible repair prices if it has some common problem. Also the cost of out of state transfers and shipping. That means I am not buying the 500 dollar 66's with after market rubber grips on the auction sites. Want one bad enough I may break down and buy and can always get 300 or so if I need to dump it. Just right for sale with an in state dealer where I can check the gun out in person, it's worth more since I will not have the extra gunsmith and shipping expense.

I saw the price run up trick with a 625 3 inch not long ago. One of the action sites had it at about 1.5 K this for a modern gun in a common configuration, but not so common barrel length.

I have my doubts it traded at that price, but you never know.

Boats
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I'm trying to figure the strategy of the seller that ran the bid up on the first 242?

It doesn't smell right.
I think but am not sure bid the first one up high, sale never goes through since it's a phoney back and forth. then the next and one that's really for sale looks like a good deal to subsequent bidders. Only thing is how do they keep from paying fees to the action house for the first one & the real one

Is that what it is ?

Boats
Boats said:
I think but am not sure bid the first one up high, sale never goes through since it's a phoney back and forth. then the next and one that's really for sale looks like a good deal to subsequent bidders. Only thing is how do they keep from paying fees to the action house for the first one & the real one

Is that what it is ?

Boats
Must be. Auction fees would be about $40. I've got a 242 in the box. Maybe I ought to list mine and take advantage of the overwhelming demand. fognbov
Well I have a 3 inch 625 paid just over 500 bucks with another 75 in out of state fees and shipping in December. One of on line Auctions same gun recently went for 1,500 or so. I doubt if it was a real sale, in any event no way my revolver would sell for that much, without some sort of scam that is. I could be wrong but things that are too good to be true usualy are.

Boats
I want to make something clear about my making this post. I wanted to make sure anyone that was thinking of bidding on the 242 that is listed right now aware that it looked like freedomex bid the gun that Lee (noconetrader) was selling up so he could sell his for more. I was not trying to say that the original auction was not legitimate or that Lee did anything wrong. I know that Lee is a stand up person & dealer & want to make that clear. When I questioned freedomex about his bidding on the first auction right before listing his, his response made me think the he was up to something. So I posted it so everyone would be aware of it, but didn't want to accuse noconetrader of anything wrong. I apologize to Lee if my posting caused him any harm.

Chris
but didn't want to accuse noconetrader of anything wrong. I apologize to Lee if my posting caused him any harm.

+1.
I got my 242 in 2002 for all of about $280.00. Weird, at the time they seemed like white elephants, my dealer had 5 of them , said pick out the one I liked best. Took him another year or so to unload the rest at shows. Same w the 296. Anybody else think there should be a rule that says they have to tell you when a model is destined to be valuable in the future ?



nvpAN
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