I was one of the bidders on the gun. I've been looking for an MP38 for awhile. Tube gun or not, MP38s are few and far between and this gun is in great shape, hence the reason for the price. It's all a consequence of the dwindling supply of fully transferable machineguns and the ever growing demand. And what better way is there to determine far market value, than to hold a public auction with no reserve where anyone can bid?
Sorry you missed out maxfaxdude I was watching the bidding and that biddergw guy just wouldnt let go so who knows how much higher it could have gone.The last real MP38 i saw was $48k at the sar show in dec of '17. I did not realize how very few MP38's are out there in the registry so i guess this tube price is about 1/2 of a vintage MP38 so its not really out of line if you have to have a MP38. I agree the gun was in perfect condition and the tube was stamped exactly like the real german one.