Go Back   CMP Forums > CMP Sales > CMP 1911
Register FAQ Members List Calendar Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 04-29-2021, 07:56 PM
robh5 robh5 is offline
 
Join Date: Mar 2014
Location: PA.
Posts: 290
Default 1911a1, Why so Pricey?

This closed tonight. Looks like a nice pistol, but with the buyers premium it sold for $4600, and that's not including sales tax. So, what am I missing?
https://www.auctionninja.com/mcinnis...11a1-5262.html
Reply With Quote
  #2  
Old 04-29-2021, 08:13 PM
BSAGuy BSAGuy is offline
 
Join Date: Dec 2018
Location: Piedmont NC
Posts: 672
Default

IDK. Maybe it was the house photo that goosed the price (tongue firmly in cheek!). Looks fishy to me.
__________________
Be Prepared
Reply With Quote
  #3  
Old 04-30-2021, 07:00 AM
thebearpack thebearpack is online now
 
Join Date: Jan 2010
Location: Pittsburgh, PA
Posts: 2,728
Default

Pros: it's a 1941 (shipped 3 days after Pearl Harbor) that might be mostly correct ​and looks to have original finish.

Cons: grips are wrong, mag is unknown, barrel is unknown, slide SN is unknown.

If it were all correct, the price paid is not terrible especially considering what mixmasters are going for now. It's possible the buyer was able to inspect it in person and verify the slide, barrel, and mag and either doesn't know about the grips or doesn't care (they can be replaced).

I wouldn't have bought it with those few pics but if I was able to check it out and verify it was good (except the grips), I'd call it $3,500-$4,000 gun based on condition and rarity. I've seen worse buys.
Reply With Quote
  #4  
Old 04-30-2021, 07:48 AM
Herrmann Herrmann is offline
 
Join Date: Oct 2009
Location: Terre Haute, IN
Posts: 1,063
Default

A matching slide original will routinely go for $6g. The difference between a CMP mixmaster and an investment grade is $5g.
Reply With Quote
  #5  
Old 04-30-2021, 10:52 AM
3IDGarand 3IDGarand is offline
 
Join Date: Jul 2015
Posts: 67
Default

If all of the parts are original, I agree...it's not too bad of a price. However, there are still some unknowns due to the fact that there's no info or pics provided on other parts. The grip is wrong for the pistol.
Reply With Quote
  #6  
Old 04-30-2021, 01:21 PM
bpm32 bpm32 is offline
 
Join Date: Sep 2010
Location: South MD
Posts: 470
Default

I suspect this one is just shill bidding.

However, it’s a very strange time right now in the collectible milsurp market. New gun owners and shill bidding doesn’t account for all of it. A new collector doesn’t go straight from not owning anything to paying $4000 for a rare-ish firearm—you have to build up to that level of degeneracy.

I can’t quite explain it, but I think it has to do with existing collectors having a little more time on their hands during Covid because of absent commutes, less going out, and fewer outside distractions in general. Despite what the media implies, most Americans did not experience financial hardship in the past year. Trolling online sites and buying hard to find stuff that we kind of always wanted has become something to look forward to in a year of deferred plans.
Reply With Quote
  #7  
Old 04-30-2021, 07:18 PM
Mark1 Mark1 is offline
 
Join Date: Oct 2009
Location: Florida
Posts: 1,652
Default

First off shill bidding NO. To even imply this is a false claim and should not be considered unless you have absolute proof.


Most likely there were several bidder or even 5 or more bidders wanting this. It looks to be in very good condition. And in the current environment of selling and buying, the high prices are not uncommon.

If anyone has attended a well acclaimed auction house such as Rock Island, Morphy, Little Johns etc. There are hundreds of buyer in attendance. And now with more auction houses going to on line bidding there are even more buyer than before. It is not uncommon for the 2 or 3 and even 10 buyers wanting the same items.

All reasoning goes out the window when it comes to an auction. It comes down to I must have it and no one is going to out bid me and I don't care how much it costs. The eyes glaze over and the paddle stays in the air.
Reply With Quote
  #8  
Old 04-30-2021, 08:32 PM
msmith5150 msmith5150 is online now
 
Join Date: Sep 2020
Location: IA
Posts: 175
Default

My gut tells me the slide Ser# doesn't match since this frame would have come with a numbered slide. My gut also tells me the slide doesn't have a serial number at all under the firing pin stop. Why? Because even if the number didn't match that would be a positive selling point. If it was there and DID match, HUGE positive selling point.

But, no pics!

My guess is people were bidding on the HOPE that there is a number there and the hope beyond hope that it is a match to the frame. Remember, auctions are a lot like gambling.
Reply With Quote
  #9  
Old 04-30-2021, 09:08 PM
junnie junnie is offline
 
Join Date: Feb 2019
Posts: 130
Default

Seems like all the on line auctions go considerably higher... usually start with some outrageous starting bid or preliminary bid. If you look many never ever get a bid. Many times it's some pawn shop or local gun shop looking for a sucker. There's one born every minute.... If the auctions were straight auctions most would sell much much cheaper than the Bovine Scatalogy starting bid. thank you in advance. Junnie
Reply With Quote
  #10  
Old 05-06-2021, 11:03 PM
soshuman soshuman is offline
 
Join Date: Apr 2021
Posts: 2
Default

My guess is that it was bid on and eventually bought by collectors who aren't aware of values, or more specifically what it cost to purchase versus what they go for at retail or online auction. For example, we all know what an M1 Rifle cost at CMP, but have you looked at what people are paying for them elsewhere? Why pay that much when you can go to CMP (in store or online) and get them cheaper. Which one is the "value"?

OR... it could be something more prominent, like the M1911A1 in Gunbroker that is claimed to be carried by the Commanding Officer who handed the flag to be raised on Iwo Jima. The seller says it was collected up, went back into inventory, and eventually after years of service, ended up with a Veteran's org, where he acquired it to sell on gunbroker.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:43 AM.