1911, ser #260 at Auction

[MRC]

I saw this on the Colt Forum and thought some might be interested.

   http://www.gunauction.com/buy/14428710

[kevinqjhps]

$57,000 and there are TEN DAYS LEFT? Wait till the 'serious money' boys come out.

I saw a 3" Stainless Python NIB sell on G-brokr for $31K but this is a whole new game.

[kevinqjhps]

$58K and two days left.

[offrdmania]

Like any high dollar auctions. A lot of times people bid just to bid in order to say they were a part of the auction but then the winning bidder doesnt pay and it goes back up for auction again. Usually for a lesser amount, closer to its actual worth.

[kevinqjhps]

Like any high dollar auctions. A lot of times people bid just to bid in order to say they were a part of the auction but then the winning bidder doesnt pay and it goes back up for auction again. Usually for a lesser amount, closer to its actual worth.

I have sold over 300 handguns on G-broker. I ALWAYS include the phrase " If you have no bid history or ANY history of non paying your bid will be rejected."  I had one non payer and got him banned from G-broker. He told me he had a family emergency so I let it go then two days later be bought another more expensive gun. That got him banned.

[MRC]

Like any high dollar auctions. A lot of times people bid just to bid in order to say they were a part of the auction but then the winning bidder doesnt pay and it goes back up for auction again. Usually for a lesser amount, closer to its actual worth.

Most of the time when this happens it is a shill bidder working with the Seller.

The high end Colt auctions are full of them.

By the way, it went for 75K+.  The Seller has the an impeccable reputation for accuracy and honesty.

[offrdmania]

The seller im not worried about, its the bidder

[kevinqjhps]

That's a LOT of money for something you can't live in or drive BUT if you can afford it

[ECR]

It certainly seems like an untouched piece of Colt 1911 history. I'm sure it went to someone of stature that has an incredible collection of vintage Colts. A gunsmith friend of mine in upstate New York has a 1907 Colt .45 that when he showed it to me some 10 years ago was valued around $7 - 8,000.00, and I see them today garnering some $30 - 40,000.00 . . . . Wow! All it takes is the want and the money to have it in your own safe! It seems he made some $20 - 30,000.00 in ten years just for leaving it there! Better than any saving account I guess! Ha haa . . . . .