Quantcast
  1. Sign up now and join over 35,000 northwest gun owners. It's quick, easy, and 100% free!

Inflated prices on Gunbroker auction site

Discussion in 'General Firearm Discussion' started by PlayboyPenguin, Jun 21, 2011.

  1. PlayboyPenguin

    PlayboyPenguin Pacific Northwest Well-Known Member 2016 Volunteer

    Messages:
    4,833
    Likes Received:
    1,742
    What is it with all the super inflated prices on gunbroker's internet auction site these days?

    I am not just talking about the artificially inflated prices of collectible or rare firearms (which seems to be a common thing now) but I am talking about the high prices on every day firearms. I just bought a brand new S&W 629 Performance Center revolver from a retailer for $830 shipped but the cheapest ones listed on gunbroker are all $990 and up for used and new ones. Many are even priced at full MSRP and then they want shipping on top of the purchase price and FFL fees.

    If you look at closed auctions you get pages and pages of high priced auctions that close without a single bid. When I do a search it looks like only one out of every few dozen listings ever even get a bid...and those are the rare guns that are reasonably priced. What is the point of paying to list an item at a price it will never sell for under any circumstances?

    Are people really so out of touch with pricing? Do they not realize that shipping and FFL fees make their pricing even more ridiculous? And what is with the people that think just because a gun stopped being produced a year ago that it is now worth twice it's original MSRP?
     
  2. pokerace

    pokerace Newberg Well-Known Member

    Messages:
    2,293
    Likes Received:
    749
    take a look on this site....
     
    Scott, oasis618, SquackDaddy and 3 others like this.
  3. dmancornell

    dmancornell Portland, OR New Member

    Messages:
    2,225
    Likes Received:
    1,589
    My theory is that since a lot of people use GB as a blue book of sorts, the retailers simply list items at outrageous prices to skew the mindset.

    Perhaps some people are too dumb to use the "Completed Auctions" list to spot actual selling prices.
     
  4. PlayboyPenguin

    PlayboyPenguin Pacific Northwest Well-Known Member 2016 Volunteer

    Messages:
    4,833
    Likes Received:
    1,742
    I will admit that I do use gunbroker as my bluebook...but I only use items that actually sold as a reference. It also can't be an isolated sales incident.

    I noticed once that a certain item was selling for an extremely high price and then I noticed they were all listed by similarly located sellers and all bought by the same buyer. Then a week later all the guns were listed again.
     
  5. Nwcid

    Nwcid Yakima and N of Spokane Well-Known Member

    Messages:
    3,593
    Likes Received:
    1,480
    GB does not charge a fee unless it sells. It is a lot of free advertising.

    New XXX gun MSRP $800, Guy lists it for free at $900. People email him to inquire about a "better price", Guy sells new gun to buyer for $750 and pays no fees.................
     
  6. Scott

    Scott Battle Ground Well-Known Member

    Messages:
    2,021
    Likes Received:
    154
    I keep asking myself that question everyday. I see so many that are over retail on here it's crazy. Wait untell all the Saiga's get shipped and flood the market and all the people that paid five hundred over try to sell.

    But if someone buys an overpriced gun thats their right but I just keep flipping................
     
  7. sadiesassy

    sadiesassy Prescott Active Member

    Messages:
    553
    Likes Received:
    51
    Somewhere there is a person who will look at the asking prices and pay it.
    Most of these guns go up for auction and never sale.
     
  8. madcratebuilder

    madcratebuilder Ardenwald, OR Well-Known Member

    Messages:
    1,278
    Likes Received:
    175
    Asking prices and selling prices are often miles apart on Gunbroker. You have to look at "completed auctions" to get a idea of what guns are selling for. Most start with a high asking price and then lower the price every re-list until it sells. There are some guns that have been listed for over a year, they are over priced and I guess the seller is waiting for the one person that just must have that gun.
     
  9. sadiesassy

    sadiesassy Prescott Active Member

    Messages:
    553
    Likes Received:
    51
    I do not know how it works with Gun Broker but it seems there must be an autoloader that reloads items that have not sold after "X" days.
    If you look at it closely - You will see that the same guns did not sale over and over again. New auctions starting a day after the last one ends.
    So if there is no financial reason ( ie: Posting fee like Ebay) they just keep posting and hoping - no incentive to re-evaluate their postings
     
  10. cosme9242

    cosme9242 Kent Member

    Messages:
    104
    Likes Received:
    2
    Retailers manipulate GB on a daily basis. They list something with no reserve and when they don't like the price they log in on another account and over bid on it
     
  11. 22many

    22many PNW Well-Known Member

    Messages:
    1,151
    Likes Received:
    294
    Also keep in mind the location makes a big difference. Guns might be cheaper here than in alot of other states.
     
  12. Just Jim

    Just Jim Well-Known Member

    Messages:
    6,828
    Likes Received:
    6,266
    If the progressive socialist in this country keep running up the debt the value of your dollar is going to fall. Todays high prices will seem like a great deal before the progressives are done.

    jj
     
  13. B1911

    B1911 Seattle area Member

    Messages:
    60
    Likes Received:
    24
    Not sure what the heck that sans facts diatribe has to do with the subject, but I agree with the previous posters -- retailers are gaming the GB system.
     
  14. rodell

    rodell Newcastle, WA Active Member

    Messages:
    399
    Likes Received:
    46
    It wouldn't surprise me that some shops have borrowed against their inventory. Listing the items for sale at a price may justify their valuation and their credit line.

    I do believe the power listers automatically relist items that don't sell.
     
  15. jvbutter

    jvbutter Cornelius, Or Active Member

    Messages:
    421
    Likes Received:
    37
    Have you seen some priceing on Ebay???? same story. I have found same product here in town for same price or lil more an 1) i get it today 2) no shipping 3) easy return policy.
    Yes some of us do
    Or some didn't know of that option???? (guilty as charged)
     
  16. Just Jim

    Just Jim Well-Known Member

    Messages:
    6,828
    Likes Received:
    6,266
    The OP stated he bought a new 629 for $990 out of a store. Why is a gun that sold for $500 just a few years ago now $990? Why is gold $1500 when it was $300 just a few years ago? Point is what you are seeing in prices is all politics, everything is tied to politics like it or not.

    jj
     
  17. PlayboyPenguin

    PlayboyPenguin Pacific Northwest Well-Known Member 2016 Volunteer

    Messages:
    4,833
    Likes Received:
    1,742
    Gold is a very poor benchmark for inflation or deflation. Gold is now a highly manipulated commodity that is controlled by marketing and not actual economics.
     
  18. Just Jim

    Just Jim Well-Known Member

    Messages:
    6,828
    Likes Received:
    6,266
    Hey guy, look around you. The price of everything has gone up and it's all due to politics, not supply and demand. Oil is short because the political decision was made not to drill in America. Food prices are hisgh because of the price of oil. The price of most everything has risen in a time of depression, how can that be? Politics
     
  19. B1911

    B1911 Seattle area Member

    Messages:
    60
    Likes Received:
    24
    ???

    Inflation rate for 2010: 1.6%
    Inflation rate for 2009: -0.4%

    Consumer Price Index Data from 1913 to 2011 - US Inflation Calculator

    Global pricing of oil currently has more to do with unrest in Egypt & Libya than with anything else. Rising demand for oil in countries like China is a big determining factor. Full opening of ANWR could lead to a drop of .5% to 1% in the price for a period of time (EIA - Analysis of Crude Oil Production in the Arctic National Wildlife Refuge), assuming OPEC didn't adjust output to counteract the effect.

    However. My vast, vast preference is to keep these discussions focused on the matters at hand: in this case, gun prices on GunBroker. We all have political leanings & viewpoints and we could ALL share them if we wanted, but then this board would turn into something else entirely. So, we could go back & forth, or just agree to disagree on talk about guns. Sound fair?
     
  20. PlayboyPenguin

    PlayboyPenguin Pacific Northwest Well-Known Member 2016 Volunteer

    Messages:
    4,833
    Likes Received:
    1,742
    FYI, there is no oil shortage...and drilling in America would have little to no effect on supply anyway. Oil is up because big corporations that make the money off the oil decided to circle ships instead of bring them in for refining. Then it turns out there was no real shortage anyway because when the audits started the companies now miraculously had surpluses.