Headed to the Preview Day at Rock Island tomorrow -- need me to look at anything for you?

[RLL]

Huh. That might explain it i guess?

All bidders have a unique number. 22 was not a catch all for proxibid.

I’m happy with the lots I got. Now the fun part of getting them home and putting some lead through em!

 

[Wildwillalaska]

Not sure, but I think bidder 22 may be internet bids as one of the guns referenced I purchased, but not 50 of them.

Like one of the auction concierge sites?

 

[Hornedfrogbbq]

Like one of the auction concierge sites?

I'll bite - what is an auction concierge site?

 

[Russ16]

I agree.. Not likely a reseller based on the prices paid. Private collector with big time and money on their hands is my best guess. Either way, it's quite entertaining until he bids on something I want. lol

Sometimes a dealer will buy on behalf of multiple customers with them telling him their max bid. That may be the case here. Which would explains the wide variety of items.

 

[Hornedfrogbbq]

How do you all think one "whale" buyer snatching up the majority of any one or many types of weapons affects their business? I would think you would want buyers to believe they have a chance at a reasonable price (define reasonable...I know...) at a gun or two they want. I'd also like my business to have a massively diverse customer (and supplier)base.

Having one buyer come in and buy the majority of any one type weapon, including over-paying relative to current market values (I know the free market and the current market value is what someone is willing to pay...yada yada...I love Milton Friedman too) while short term super helpful potentially, I am not sure they are going to build their buyer base much off of that sale. I am certainly more circumspect of spending alot of time preparing for it when the probability is too low for a successful outcome.

I will say, if you own guns right now, I think you could potentially be happy. There were some value-buys for sure but many African caliber weapons went at or above estimated prices and certainly above where I have seen similar weapons with similar wear/quality sell in material volume in the last 2 years. Maybe this is a big market indication that prices remain rising and are certainly quite firm?

Your thoughts?

 

[Russ16]

How do you all think one "whale" buyer snatching up the majority of any one or many types of weapons affects their business? I would think you would want buyers to believe they have a chance at a reasonable price (define reasonable...I know...) at a gun or two they want. I'd also like my business to have a massively diverse customer (and supplier)base.

Having one buyer come in and buy the majority of any one type weapon, including over-paying relative to current market values (I know the free market and the current market value is what someone is willing to pay...yada yada...I love Milton Friedman too) while short term super helpful potentially, I am not sure they are going to build their buyer base much off of that sale. I am certainly more circumspect of spending alot of time preparing for it when the probability is too low for a successful outcome.

I will say, if you own guns right now, I think you could potentially be happy. There were some value-buys for sure but many African caliber weapons went at or above estimated prices and certainly above where I have seen similar weapons with similar wear/quality sell in material volume in the last 2 years. Maybe this is a big market indication that prices remain rising and are certainly quite firm?

Your thoughts?

The auction company just cares that they sell for a good price. There has always been a small number of volume buyers. Sure they want more bidders. But they don’t really benefit from bidders only looking for a deal.

 

[Hornedfrogbbq]

The auction company just cares that they sell for a good price. There has always been a small number of volume buyers. Sure they want more bidders. But they don’t really benefit from bidders only looking for a deal.

I can't argue with that but it seems to me to be a balancing act. Two folks are bummed by "a deal/steal," the seller and the auction house. Only the buyer is stoked.

The marlet found a clearing price and of #22 comes back again and again, forcing prices higher, I may be a seller of a few guns.

 

[etsonaut]

Not sure, but I think bidder 22 may be internet bids as one of the guns referenced I purchased, but not 50 of them.

Interesting. That makes more sense than one guy buying everything. Other sites use the actual bidder number assigned to the buyer.

 

[Wildwillalaska]

Mystery solved and Steve’s belief was correct. I decided to simply ask Megan at ROck Island. Here response:

“Bidder 22 is actually the bidder number used for all bidders on our RIAC Live platform. You may also hear the number 99 frequently, which belongs to all bidders on the website Proxibid. So it isn’t just one person buying so many lots!”

 

[etsonaut]

Mystery solved and Steve’s belief was correct. I decided to simply ask Megan at ROck Island. Here response:

“Bidder 22 is actually the bidder number used for all bidders on our RIAC Live platform. You may also hear the number 99 frequently, which belongs to all bidders on the website Proxibid. So it isn’t just one person buying so many lots!”

I feel better now. Still didn’t get any guns but I do feel better. Shocking idea to actually ask someone at the organization. Speculation is so much more fun. Lol