Carbine mags on Auction : insane bidding

[milprileb]

I am simply asking why two WWII carbine magazines would be so highly bidded when such mags are really common to find.

Can some one break the code for me ?

[ohsix]

I bought two M1911 mags on Gunbroker for $48.00 same mag on CMP auction two going over $200.00!
It’s Crazy!

[jabbo]

There are folks that treat CMP auctions as means to donate to the CMP and to engage in friendly (or not so friendly) competition.

[35 Whelen]

Originally Posted by milprileb

I am simply asking why two WWII carbine magazines would be so highly bidded when such mags are really common to find.

Can some one break the code for me ?

It's often usually about two things- The egos of men and good marketing.

I learned this several years ago at a local auction where I was bidding on some high end Redfield match receiver sights. I was bidding against a couple of men and the one who ultimately bought them paid more for them than they could be bought for on eBay. The buyer simply was not going to be outbid. That is why anytime I sell anything through an on-line auction site, be it a bullet mold or something as valuable as a Colt SA revolver, I always start the bidding at 99¢. In this manner, bids are generated from many individuals, and eventually the egos and the "I won't be outbid" mentality kicks in and the price inevitably goes up.

Regarding marketing we men are visual creatures. As such, lots of quality photos as well as detailed information make a huge difference in the outcome of an auction.

Using these methods, I have a sold a few Colt SA revolvers for far more than "going price".

The auction for the magazines is a perfect example. The bidding was started at $1.00 and there lots of detailed photos of the magazines.

[T38Carbine]

Four NOS carbine magazines just sold on this forum marketplace for a hundred bucks. It’s definitely a way to donate and a who can urinate farther competition!!

[milprileb]

In other words: They do it cause they can or they do it cause they want to.

That said: got it !

[wfo87]

I believe the term is sport. I think they do it for sport. Hopefully we all get to that point in life.

[weimar_police]

Originally Posted by jabbo

There are folks that treat CMP auctions as means to donate to the CMP and to engage in friendly (or not so friendly) competition.

I personally find this rude, although I know its how an auction works.
Its nice they have the money, but it limits the average person getting something interesting. I assume there are 10-20 people that have bought a bucket load of stuff.
But, its their money, I just feel that the purpose of an selling like this is to let others get something cool (but I guess an ''auction'' is the fairest way)...

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35Whelen - I have sold a number of things on auction and every time I have started low, I have lost several hundred dollars. So, the 99 cent or 01 cent thing has never worked for me

[bpm32]

Originally Posted by weimar_police

- I have sold a number of things on auction and every time I have started low, I have lost several hundred dollars. So, the 99 cent or 01 cent thing has never worked for me

There’s always the risk that only one guy who wants it sees it, or none. I’ve seen items get listed a few times for a dollar and not sell, then you get two guys bidding the heck out of the same relisted items on the next go around.

For myself, I’m usually looking for stuff that is really rare but not really popular, so I’ll decide on a price that seems fair plus $5 and drop that as a bid near the end of the auction. With Gunbroker, time will get added if there’s a counter bid and others can of course bid more if they feel the item is worth more than I do.

[Gewehr43]

Originally Posted by Panzerschwein

More proof of the insane limits people are going as the M1 carbine hobby continues to skyrocket prices of all things carbine to the stars.

No.
There have been several threads about this very subject already.
This might be the first over M1 Carbine mags as the others have been over the M1911 magazines..........
(IIRC and I could be wrong but the OP participated in those threads)

There are 2 issues here:
- people are using the magazines as a chance to, in effect, donate money to the CMP.
Same reason why an auction for toothbrushes found in M1 Garand buttstocks went up to like 100.00.

-prices achieved at the Auction have not and shouldn't (if you are smart) be used to set prices on "normal" stuff for sale..............

If prices are going up on M1 Carbine stuff lately, it's because of the current situation we are in and new buyers not choosing wisely and buying out of stupidity....... not the CMP auction prices.