Jump to content


Photo
- - - - -

Jcdevine Auction Thompsons Winning Bid$?


  • Please log in to reply
8 replies to this topic

#1 Sig

Sig

    Respected Member and Board Benefactor

  • Moderator
  • 1625 posts
  • Gender:Male

Posted 05 October 2003 - 10:28 AM

Anyone know the winning bids $ for the Thompsons?
It would be appreciated if you could share it.
thanks
Michael
  • 0

#2 Sig

Sig

    Respected Member and Board Benefactor

  • Moderator
  • 1625 posts
  • Gender:Male

Posted 05 October 2003 - 11:02 AM

Got this response off of Bowers board from JLM & Sons.
I believe one would need to add in a 15% buyers premium (BP), so I added that in.
All the Colts had Worcester L drums and the 1921A had two repeat date mags with it as well.

1. 1921-A $26,000 + 15% BP = $29,900 Claimed to be 95%
2. 1927- $24,000 + 15% BP = $27,600 Claimed to be 95%
3. 1921-AC $26,000 + 15% BP = $29,900 Claimed to be 99% of a REFINISH
4. M1-A1 - $16,000
5. WH-1928 $ 6,500

http://www.jcdevine.com
  • 0

#3 Arthur Fliegenheimer

Arthur Fliegenheimer

    Respected Member

  • Regular Group
  • 3443 posts
  • Gender:Male

Posted 05 October 2003 - 12:43 PM

I wonder how much impact these sales will have on future Colt TSMG prices? Since bidders tend to forget about the premium in the heat of the bidding process, if we discount the additonal cost, the projected figures for the sale by JC Devine are pretty much on target. The truly surprising figure is the $26K for the reblued AC. That is just nutty. Looks like the projected figure for the West Hurley ($12K), was way too optimistic.
  • 0

#4 Sig

Sig

    Respected Member and Board Benefactor

  • Moderator
  • 1625 posts
  • Gender:Male

Posted 05 October 2003 - 12:56 PM

I think their original projection for the refinished 1921AC would have been more reasonable that was $15k-$18k PLUS the buyers premium. So yes $26K is nutty!
  • 0

#5 Arthur Fliegenheimer

Arthur Fliegenheimer

    Respected Member

  • Regular Group
  • 3443 posts
  • Gender:Male

Posted 08 October 2003 - 06:40 PM

My projected prices:
21===18K-20K
27===18K-20K
21AC===15K-17K
M1===9K-11K
28H===7K-9K

Post what you think!

John Jr



Ooops!
  • 0

#6 Sig

Sig

    Respected Member and Board Benefactor

  • Moderator
  • 1625 posts
  • Gender:Male

Posted 16 October 2003 - 04:15 AM

OK I got the skinny direct from J.C. Devine on the auction prices. The refinished 1921AC price was not correct and I added in seller commission to get the real net result for the seller. J.C. is doing OK.

Below prices are correct. SELLER would get the price without the BUYERS PREMIUM less 20% as a seller commission, YIKES.

1. 1921-A $26,000 + 15% BP = $29,900. Seller would get $20,800. Claimed to be 95%. J.C. made a cool $9,100!
2. 1927- $24,000 + 15% BP = $27,600. Seller would get $19,200. Claimed to be 95%. J.C. made $8,400.
3. 1921-AC $21,000 + 15% BP = $24,150. Seller would get $16,800. Claimed to be 99% of a REFINISH. J.C. made $7,350
4. M1-A1 - $16,000 + 15% BP - $18,400. Seller would get $12,800. J.C. made $5,600.


  • 0

#7 Arthur Fliegenheimer

Arthur Fliegenheimer

    Respected Member

  • Regular Group
  • 3443 posts
  • Gender:Male

Posted 16 October 2003 - 05:23 PM

Why would someone pay $24K for a reblued Colt 21AC when they could have bought similar examples of reblued 21AC's directly from "any" private party seller for $16,800, never mind the one who had J.C. auction it off?
  • 0

#8 Sig

Sig

    Respected Member and Board Benefactor

  • Moderator
  • 1625 posts
  • Gender:Male

Posted 16 October 2003 - 05:29 PM

Don't shoot the messenger I am just reporting the facts here.
Shows what can be accomplished with proper marketing I guess.
  • 0

#9 Arthur Fliegenheimer

Arthur Fliegenheimer

    Respected Member

  • Regular Group
  • 3443 posts
  • Gender:Male

Posted 16 October 2003 - 05:46 PM

Sig,
In no way is my amazement of the prices a criticism of you. In fact, I greatly appreciate your staying on top of the auction and reporting the final figures. Marketing is everything! My wonderment involves the invincible lazyness of a seller who requires the services of an auction house to procure the same realized profit for merchandise that can be sold on any number of internet sites. The bidders at these affairs also seem oblivious to the notion that the same pieces could be purchased directly from a private party, and thereby avoid these Black Hand style added fees. Of course there are truly rare specimens that may indeed only be found for sale at an auction. The examples offered by J.C. are not among them.

  • 0