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Post by dougader on Feb 21, 2015 22:51:15 GMT -5
I was afraid of that...
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Odin
.375 Atomic
Posts: 1,068
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Post by Odin on Feb 21, 2015 23:23:48 GMT -5
This is contained in the fine print on these auction items: "Disclaimer: Any advice or opinions provided by Poulin’s Antiques & Auctions, Inc. or its employees are given strictly as a courtesy and are not a warrant of condition, authenticity, age, attribution or description of said property." In other words, they reserve the right to run a complete and utter scam on unsuspecting bidders. Poulin's also runs some really, really large and expensive auctions. The last one I made bids on with them had firearms in it that ran into the high five-digit range. IIRC, some of them even topped 100K.. The total auction took in over $5 million. You typically don't get to that level as an auction house, or any business, by running a scam. As Mr. Taffin has pointed out, buyers should always be aware, but that's different than just assuming that the auction house is trying to scam you out of your money. Will Poulin's try to give you the best info they can? Probably. Are they infallible? Nope. |
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Fowler
.401 Bobcat
Posts: 3,654
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Post by Fowler on Feb 21, 2015 23:34:58 GMT -5
They can only go by the providence given to them, if liars and cheats give them bad info and they know it they will refuse the gun up front. If they misrepresent an as something it clearly isn't then they take it back and void the sale. However if you're buying a gun based on history that is at best hearsay, they will not be held accountable for that. They have a reputation to uphold, they won't deliberately mislead the buyers and they won't aid in tall tails to sell goods but again they also can't chase every storyline to every item to see if it was true or not.
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Post by mike454 on Feb 22, 2015 0:25:04 GMT -5
What does it mean by: Internet Premium : 20%  It means add 20% to the final price for the auction houses processing the sale. If you bid $10000 on a gun and win you must pay $12000 to get your gun, plus shipping. Have a nice day, seems 15% is more normal for auctions but its the cost of doing business with them. Not positive but I believe that the internet premium is over and above the buyers premium which is 17%. Not sure of the internet premium is on the $11,700 or just the initial $10,000. |
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Fowler
.401 Bobcat
Posts: 3,654
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Post by Fowler on Feb 22, 2015 1:19:02 GMT -5
It means add 20% to the final price for the auction houses processing the sale. If you bid $10000 on a gun and win you must pay $12000 to get your gun, plus shipping. Have a nice day, seems 15% is more normal for auctions but its the cost of doing business with them. Not positive but I believe that the internet premium is over and above the buyers premium which is 17%. Not sure of the internet premium is on the $11,700 or just the initial $10,000. I would have to bet that it is 20% total if purchased over the Internet, I can't imagine it would be on top of the 17%, that would mean a total of a 37% premium and I think that would just kill the auction. But I have been wrong before. |
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Paden
.375 Atomic
Lower Goldstream Creek
Posts: 1,132
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Post by Paden on Feb 22, 2015 2:07:19 GMT -5
They can only go by the providence given to them, if liars and cheats give them bad info and they know it they will refuse the gun up front. If they misrepresent an as something it clearly isn't then they take it back and void the sale. However if you're buying a gun based on history that is at best hearsay, they will not be held accountable for that. They have a reputation to uphold, they won't deliberately mislead the buyers and they won't aid in tall tails to sell goods but again they also can't chase every storyline to every item to see if it was true or not. True, they can't be expected to research and confirm the provenance of every item they accept for sale. On the other hand, if reasonable doubt about a given item's provenance was brought to their attention, they would likely do a little checking so as not to be accused of intentionally misrepresenting the item. No honest house wants to get caught in that situation. If someone has credible reason to believe that one or more items is an imposter to the collection, it should be brought to the house's attention. |
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Post by CraigC on Feb 22, 2015 10:45:10 GMT -5
Interesting. He certainly didn't own it, but it does have his #15 serial number. Did Ruger continue sending his 'subscription' guns to the family after his death? I'm sure Ruger just continued to send the #15 guns to his heirs. In which case, I have no problem with the "from the Keith estate" description. Because that is technically correct. If they say it actually belonged to Elmer Keith or was used by him, then somebody is either misinformed or intentionally trying to defraud. A Ruger SP-101 from the "Elmer Keith Estate Collection"?? Gimme a friggin' break. If Elmer could address this himself, he would say, "Hell, I Was Dead!" when the SP-101 was first introduced to the market in 1989. If your father died and was on the RCA subscription list, would you not continue to receive his guns? I know I would. |
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Post by ddixie884 on Mar 1, 2015 20:48:43 GMT -5
It looks like most of the Colt SAA "development guns" are in the listings. The .44spl Flattop target, the Roosevelt gun with the 3 blade folding rear sight and the 7 1/2 with the S&W rear and barrel band front. They're real history and so cool. I wish I was in a little better financial shape.
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