No4 Mk2

[tlvaughn]

I am a little confused and need some on this one.

Would someone please explain to me why the current bid for an almost mint No4 Mk2 is at $2,025.00. Is there something rare or unusual about this particular rifle that I am unaware of? It is on GA and is Item#137906146 (UF 55 A106XX).

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[spinecracker]

Now, I am a newbie in such matters, so my opinion, although spirited, is worth as much as a rat's nadgers...but I think someone has been smoking something illegal. I was in a gun store today and was offered a wrapped No.4 Mk.2, with tags similar to the ones you see in the ad on gun broker, and I thought it was too much at $1000. At a recent gun show in Reno, 2 No.4 Mk.2s were still in their wraps, untouched, and going for $850 each. This kind of behaviour ruins things for newbie collectors like me as we are priced out of the market. I would not pay more than $550 for that rifle, but I am a cheap bast%$#%!

[tlvaughn]

I just noticed my mistake, I stated it was on GA when it is on GB. Sorry about that.

[HRA466]

Just bought one on GB for less than $600.00. These things are like crack though. If you have to have it and you have the money, you know what is going to happen. Some folks just have more disposable income than others. Honestly, GB isn't necessarily a good benchmark.

[Lance]

Cheap one's are out there if you are not in a rush. I picked up 4 consecutive s/n'd examples, still in wrap, in the spring for less than $300 each not including shipping. There were 6 total, but bubba and his friend outbid me (I was being cheap due to quantity)

[gravityfan]

$300? Magnificent. Where was such a great deal to be found?

The bidders on that auction are NR, (1), and (2). Newbies allowing ego to defeat reason; I guess it's a duel.

[spinecracker]

Heck, I would really be interested in having just 1 wrapped No.4 Mk.2, and you are a very lucky individual to have found 3 of them. I second the question regarding where you found such a good deal, because I seem to be looking in all the wrong places lol.

[Texasflyboy]

The bidders on that auction are NR, (1), and (2).

Bidding activity can sometimes be a portent of a deal about to fall through. I've watched enough auctions go crazy on bidding only to see the same firearm appear for sale weeks or months later. Always the same excuses: High bidder failed to complete sale, etc...etc...etc...

Some high bidders deliberately bid over what they are willing to pay in order to barter down the price post auction. I call this the "nit picking" bidding strategy. Win the auction at all cost, and point out every single flaw that the seller failed to identify before the sale ended. I suspect this is why some auction listings have a description of only 3 lines, and 485 lines of "legalese".

When prices escalate to this point, you always have to be aware of shill bidding and folks who have "throw-away" bidding accounts just for this purpose.

On high dollar auctions, this problem still bedevils eBay, Auction Arms, and Gun Broker.

That's my experience. YMMV.

[tlvaughn]

Well, for what it is worth, the auction ended with the winning bid at $2,025.00

[Surpmil]

P. T. Barnum would be proud!