All of them, this is what happened with antique cars not too many years back. It started as a group of car enthusiasts and ended up a bunch of wall street money men who wouldn't know what to do with a socket wrench. The bubble burst after prices reached insane heights, two million dollar hemi cars, that sort of thing. A lot of idiots got stuck trying to move things and finding out that they might get 1/3rd their " investment" back.Lee-online wrote:When you win you only win by proxy bidding $5 over the highest amount. If I am outbid by an amount less than $5, I know that was the other persons max bid.
I wonder how many other m28/30 see this and assume their rifle is worth more than it really is?
Cosmoline guy wrote:So the seller works for CAI and probably gets these for the base price and turns around and makes
major profit reselling them. I guess knowing what to look for is working out well for him.
So much for some of the old ads about getting those "untouched" cases of Mosins. The
importers have to put their marks and serial numbers on them to sell them and if they are
getting hand picked before being recrated, those who can afford to purchase an entire crate
are never going to get anything special. Those rifles are long gone.
You will not be able to count the amount of people who will try and sell with just that precedent and the real kicker is you won't be able to believe the amount of people who will buy at those ridiculously high prices. First smell of something being a good investment and people who have more money than brains will start making uneducated buys trying to salt away the best of what is out there. If they sell before sanity sets back in then they are smart and lucky. Look at any collectable range and you will see what results from this, things like baseball cards, stamps, whiskey bottles, and perfume decanters have had their runs and if you got out at the right time you looked like you knew what you were doing. I really feel most times these people who rake in the profits were just in the right place at the right time and were very lucky. Me I buy high and sell low, that is my secret to success and why I am worth so much today!Lee-online wrote:When you win you only win by proxy bidding $5 over the highest amount. If I am outbid by an amount less than $5, I know that was the other persons max bid.
I wonder how many other m28/30 see this and assume their rifle is worth more than it really is?
BillThere are few known examples of civil series rifles. I have seen maybe 4 different examples on different forums.bunkysdad wrote:The RIIHIMAKI marked barrel is a civilian sales M28/30 that according to one popular information site claims that no known examples exhist in the United States. I would be interested to know if that information is still accurate, besides this rifle of coursel
Yes, this is how it starts, those who know realize that the rifle is overpriced, but to someone who is not so experienced may tend to think it must be worth that of others wouldn't have paid it. The next time something like it sells it's over a grand, then two grand as the feeding frenzy builds. It ends when someone who has bought very heavily at high price has a reversal of economic fortunes and puts the rifles out to sell at bargain prices. In the case of cars it was the collapse of the Bush era economy, suddenly the party was over and there was nobody willing to give you three million dollars for the Hemi Cuda you bought when things were flush. Once it started the bubble burst very quickly. A friend of mine has a '68 Barracuda ragtop, 318 car, meticulously maintained one owner car since new with 490,000+ miles on it. This car looks brand new, and he had an offer as high as $150,000 for the car in 2005. Absolute stupid money for a well preserved car, but one that was otherwise ordinary. Some city boy saw it at a show and kept after him, but he would never sell it, didn't need the cash and plans to drive until he dies. This sort of example was common at the time, sound familiar? Fortunately I have my collection and have no plans to add to it except by chance. I never went for the "rare" examples, as a collector of history the ordinary infantry rifle is what attracted me the most as such rifles were what made that history. These days I spend more on my antique Fords than I do on guns. If we are going to see a US milsurp, or Winchester lever rifle style feeding frenzy happen even with Mosins, once treated only with distain by " real" collectors, then I plan to sit back with my popcorn and watchLee-online wrote:A month ago there was a local m28/30 for sale for $850. Seller stated it was worth this because of what they sell for on GB. The two he referenced have reserves of more then $850 and still haven't sold as of today. I don't know if the local one ever sold, I didn't ever make an offer.
