Where have the bidders gone on GB?

Very slow time of the year. The Dallas Market Hall gun show was dead last weekend. I saw very few people other than myself and a good friend buying any guns.

I have many litmus tests that I judge the market on and they are all indicating COME ON COLD WEATHER! I usually cannot make it through a day on a single charge on my iphone. Last evening as I turned in I had 58% left of the 1st charge. I usually sell from 5-25 items a week on gunbroker and 20-100 items a week on Ebay and I think combined last week I sold 15. I see some $.01 NR auctions listed overnight and they have no bids the next morning. I seen a 2.5" Python last night that listed at 12:45 pm. At 11:30 pm it had 39 views! I bought a 6" Nickel Diamondback .22 in the box with custom shop label, custom shop grips for $2200 which is roughly 1/2 price....It listed the day before but had only 12 views. Wonder what the people who saw it before me thought????????

It's a buyers market boys!!!!

The overall economy is still weak - lots of people unemployed. The flurry of buying activity spurred on by the gun control fanatics is subsiding. Folks are now occupied with 1.) do I still have a job? 2.) are my hours getting cut-back? 3.) how much is my health insurance now going to cost? The middle class still suffers. The poor are still poor. The rich will always be rich, but they've bought what they wanted and now don't have the "urgency". Real estate is slowing WAY down and real estate fuels the markets. Wait for the "October Surprise" in the stock market.....

Perhaps the gun market (on auction sites - I buy locally) has reached a plateau, or is actually a bubble that is bursting. I posted about that a month or so ago, that when I hear things like "The Price is Going Up Every Month! -or- Better Buy Now!", etc., you've about hit the top in any market. Real estate, classic cars, early American paintings and furnature, anything.

This happens EVERY summer and the dealers are filling their bellies with underpriced guns just to sell them for nearly 100% profits by the end of January.

We all are very thankful people believe "The Bubble is Bursting" and "It's the Economy" because if every one thought like the dealers, the prices would not drop and there would be no profit to be had.

See ya all in January (In between my trips to the bank)

As a collector and buyer (so long as I have funds) I am averaging my cost basis down. Interesting, slow till Christmas, or pickup before then?

Finally, I have seen very few Elites for sale, and the ones I have seen are less than $4k. Any thoughts on there Elite market? I appreciate the input.

What is your gunbroker name or provide a link to your auction. I would like to see what you have/had.

As a buyer, just the sheer fact of buying one gun at the current price of Colt SAA's and USFA's keeps me from bidding on other good deals that come along. I do hear things like end of 3rd quarter crunch coming up with work where overtime is scrutinized, etc at that's my gun buying money. coupled with the other things pointed out like it is a slow spending time of the year. paycheck wise, I have to start planning for money to buy Christmas.. that's basically on us already.
I think I was supposed to be born into a rich family.. I'm pretty sure about that. matter of fact, I meant to look into the Ancestery.com today to figure out who cut that limb out of my family tree along the way.

what would you say said:

As a buyer, just the sheer fact of buying one gun at the current price of Colt SAA's and USFA's keeps me from bidding on other good deals that come along. I do hear things like end of 3rd quarter crunch coming up with work where overtime is scrutinized, etc at that's my gun buying money. coupled with the other things pointed out like it is a slow spending time of the year. paycheck wise, I have to start planning for money to buy Christmas.. that's basically on us already.
I think I was supposed to be born into a rich family.. I'm pretty sure about that. matter of fact, I meant to look into the Ancestery.com today to figure out who cut that limb out of my family tree along the way.

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I hope you don't find out we are related somehow, I know you will want "Family" pricing!

keystonearms said:

This happens EVERY summer and the dealers are filling their bellies with underpriced guns just to sell them for nearly 100% profits by the end of January.

We all are very thankful people believe "The Bubble is Bursting" and "It's the Economy" because if every one thought like the dealers, the prices would not drop and there would be no profit to be had.

See ya all in January (In between my trips to the bank)

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Well, I'll get out of your way, buy em up, get that inventory full. Enjoy your 100% profit, I'm sure it will last forever. At least you say how you really feel about your customers and your own profits.

(Note to self: never buy from Keystonearms - totally interested in maximum profit and laughing about it.)

Go ahead and run scared, I'll maximize.

Never said a word about my Customers guess you made that part up.

What would you rather I do? Not buy guns because I believe it is drying up only to see them sell for double in January? Please. I've been around the block a few times and yes, I WILL be buying.

It's your perogative to stop, it's mine to put my foot to the floor!

I will have to agree with azshot. You (keystonearms) certainly gave that impression when I read it.
Ron

azshot said:

Yeah, you really want to keep the hype going, so you can load your bank more, eh? Well, I'll get out of your way, buy em up, get that inventory full. Enjoy your 100% profit, I'm sure it will last forever. At least you say how you really feel about your customers and your own profits.

(Note to self: never buy from Keystonearms - totally interested in maximum profit and laughing about it.)

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I will ask again...What would you rather I do? Sit on the sideline while the prices slump and believe the end is here just to have the market catch fire again in 3 months and say I wish I wish I wish? I don't know if you are interpreting something I said wrong or if it came off wrong.

My opinion is the market will be back stronger than ever soon and if the prices fall, sure seems like time to buy to me.

That's true Key.. if I can squeeze out any late nights and weekend work, you have listed one or two tasty Halloween treats. Those Bisleys are not behind every door you knock on. pure nice.

I think maybe the delivery came across wrong. Certainly no one would fault you for buying, but it came across as a greedy dealer that didn't care how he obtained his stock but rather what the profits were going to be.. Ron

keystonearms said:

I will ask again...What would you rather I do? Sit on the sideline while the prices slump and believe the end is here just to have the market catch fire again in 3 months and say I wish I wish I wish? I don't know if you are interpreting something I said wrong or if it came off wrong.

My opinion is the market will be back stronger than ever soon and if the prices fall, sure seems like time to buy to me.

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I understand but it was not meant that way. Again every year the summer slump hits and this year it was prolonged quite a bit because of the resident Collector from Georgia who was filling his inventory up drove the market long into the warm months. Now he was tapered off some and the prices have really fallen I am passing along advice to BUY.

I need to work on my Delivery Skills...

Mediocre guns are flat,, and are back where they belong price wise/market wise. The gun panic is over and today, Gander Mountain will sell you 525 rounds of .22 ammo for 21.00 dollars. On the flipside. Pristine hard to find NIB items are still bringing record prices and are still selling. Same ole story,,, same happy ending.

John Fugate

your delivery is fine keystone. its still a free marketplace out there. the whiners that think they are 'entitled' are the only ones that cant see why profits are neccessary. but they do serve a purpose, without them we'd never know when the sky is about to fall.