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Very Hot Topic (More than 25 Replies) Upcoming Morphy-Julia Auction (Read 1694 times)
Bill Lawrence
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Re: Upcoming Morphy-Julia Auction
Reply #30 - Oct 30th, 2019 at 9:10am
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CptCurl, if my notes made in 2009 are still accurate, the part of the Uniform Commercial Code that applies is Section 2-328 ("Sale by Auction").

Bill Lawrence
« Last Edit: Oct 30th, 2019 at 9:34am by Bill Lawrence »  
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Re: Upcoming Morphy-Julia Auction
Reply #31 - Oct 30th, 2019 at 4:58pm
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Sadly, there were no Pope rifles for $1500 or so that sold at the Cowans auction today, unless I missed one.
The Stevens Pope, went for over $3300.
My quest continues.

I would not be surprised if "modern" guns do have to be logged.  But requiring a background check before returning your own non-sold guns is likely either the auction house being extra-cautious or a new ATF ploy for getting guns away from those who shouldn't have them in the first place.

You'd be right Bill, "modern" guns do have to be logged in, but the FFL has to do the background check from what I could find out, It's the law, not a optional matter of being extra cautious or a new ATF ploy. It has been for quite a while, I'm told.
My FFL friend did speak with a BATFE agent about it.

For what's it's worth, Bureau of Alcohol, Tobacco and Firearms sounds like a good name for a convenience store to me Wink

Aaron
« Last Edit: Oct 30th, 2019 at 5:09pm by Rebel »  

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krg45-70
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Re: Upcoming Morphy-Julia Auction
Reply #32 - Nov 4th, 2019 at 4:02pm
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I bought 4 rifles on this auction they will be for sale when i get them in.
  
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Re: Upcoming Morphy-Julia Auction
Reply #33 - Nov 7th, 2019 at 8:29am
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I've been watching antique gun prices for 30 years, very avidly.  I've seen some types fall, like muzzle loading rifles and cap and ball revolvers.  Some rise quickly, like WWII issue weapons and full auto.  Some steadily creep upwards "better than the stock market over the long haul." 

In general, antiques reached a peak around 2009.  The recession taught a lot of speculative collectors hard lessons, and scared them.  They got out, never to return.  Early American art, furniture, silver, lamps,...all the old "good" stuff is way down. 

What drives the current market increases is fad, sometimes becoming cult items and market bubbles.  If you can get in on one, you can do well.  I did for several years with antique photography equipment.  Now it's heading down again. 

A better trick with these very specialty items is to DRIVE a market.  That is done by writing in collector forums, writing books, and having events that "require" the antique you are hawking.  I've seen it work, for a few years.  It only takes a handful of new, young collectors with money to buy up all the single shots.  Or Pythons, or Diamondbacks.  And drive a bubble market.
  
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Bill Lawrence
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Re: Upcoming Morphy-Julia Auction
Reply #34 - Nov 7th, 2019 at 10:56am
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Much of what AZshot says is true, especially about "bubble" markets.  But as Beanie Babies, perhaps the most infamous of such proved, the bursting of the bubble can be unpredictable, quick, and without warning.  Therefore, I never recommend them.

Bill Lawrence
  
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Re: Upcoming Morphy-Julia Auction
Reply #35 - Nov 7th, 2019 at 11:55am
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think what Azshot says about artificially created markets, bubbles and a couple people creating and driving a market is true. I like antique sharps sporting rifles. After “Quigley” came out there was a huge upswing in interest in sharps rifles. There were lots of articles in magazines, the wait for a shiloh was way out beyond 4 years, a junky beat to pieces original would be 4-5k. I remember the days when there were over 300 people at the bpcr silhouette nationals. Now there is hardly a wait for a shiloh, i dont remember the last article I saw in a main stream gun mag about sharps or bpcr, the 4-5k beaters are bringing half or less of that and i think there were like 60 people at the silhouette nationals this year.  When the potential market for sharps rifles is several hundred people, the market for original sporting rifles a couple hundred and the market for  high end originals measured in dozens or less- the slightest breezes can blow the market.
  
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Re: Upcoming Morphy-Julia Auction
Reply #36 - Nov 7th, 2019 at 1:16pm
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A comparison may be made to the collector car market.

Honda Accords are popular with the younger enthusiast, but classics like a 40 Ford or 50 Merc still hold their value.
Yes, Model A's have dropped in value, but not ACD cars.

Younger shooters prefer black guns, but classics like Popes will always hold their value. This has become clear to me as no one has offered a $1600 Pope to my recent WTB, and recent auctions have been much stronger than that. There is always a fluke, but it's not the norm. Still looking BTW.

Aaron
  

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Zack T
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Re: Upcoming Morphy-Julia Auction
Reply #37 - Nov 7th, 2019 at 2:25pm
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That Stevens Pope that just sold at That Kiko auction was pretty nice and well worth the 3k it brought. CPA  wouldn’t build you that nice rifle with that quality of wood for that cheap.   lots of people from the site saw that gun at auction  and it still went for a good price.  I know its what some would call a “pope in name only” aka “PINO”  and therefore not desirable but I still thought it was a good gun.  A few years ago it would pretty easily have brought 5 to 6K.  Wouldn’t call it a Honda and the stock didnt look black to me.
  
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Re: Upcoming Morphy-Julia Auction
Reply #38 - Nov 8th, 2019 at 7:47pm
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Aaron wrote:
For what's it's worth, Bureau of Alcohol, Tobacco and Firearms sounds like a good name for a convenience store to me.


Too late. We have one in Bailey, Colorado. And they sell green cross also!!!

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« Last Edit: Nov 8th, 2019 at 7:57pm by Flatlander »  

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Re: Upcoming Morphy-Julia Auction
Reply #39 - Nov 8th, 2019 at 10:57pm
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excellent!
  

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Schutzenbob
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Re: Upcoming Morphy-Julia Auction
Reply #40 - Nov 9th, 2019 at 6:52pm
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Actually, it should be; Department of Health, Education and Firearms; Divison of Alcohol, Tobacco and Welfare.  Wink
« Last Edit: Nov 9th, 2019 at 10:30pm by Schutzenbob »  
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