HK Prices Flat?

[johnthedford]

Anyone see the Amoskeag auction results for their latest auction. Saw one HK WITH sear sell for 23K! Even with buyers premium they got a bargain. Also saw several other sear guns sell for 26K with HK hosts. There were a lot of bargains in that auction...should have been bidding myself if I wasn't retiring.

 

[mattnh]

Hi John,

I actually attended that auction in person to bid on NFA stuff.
FWIW, I think there were problems with online bidding at times.
Yes, There were some decent prices to be had by people on-site.

 

[mattnh]

Here are the catalog entries for the HK sears John was talking about:
23K https://live.amoskeagauction.com/m/.../563?url=/m/view-auctions/catalog/id/7?page=9
26K https://live.amoskeagauction.com/m/.../555?url=/m/view-auctions/catalog/id/7?page=9
26K https://live.amoskeagauction.com/m/.../554?url=/m/view-auctions/catalog/id/7?page=9
26K https://live.amoskeagauction.com/m/.../556?url=/m/view-auctions/catalog/id/7?page=9


Some other transferable NFA MG sales prices from the show (Sale price is $$$ below + 15%)
402 U.S. Model 1918 Browning Automatic Rifle by Winchester 31000
403 Italian Model 38A Submachine Gun by Berea 14000
404 Auto Ordnance Thompson Model 1928 Submachine Gun 13000
405 Auto Ordnance Thompson Model 1928 Submachine Gun 16000
406 Harrington & Richardson Reising Model 50 Submachine Gun 4750
407 U.S. Navy Lewis Mark VI Light Machine Gun by Savage (Registered Dewat) 15000
408 Vickers Model 1915 Machine Gun by Colt (Registered Dewat) 11000
409 Charles Erb Remanufactured Chinese AKM 47S Assault Rifle 15000
410 Charles Erb M-60 Machinegun 26000
411 Mk Arms Mk 760 Submachine Gun 5500
412 Fleming Firearms Registered Auto Sear in Heckler & Koch MP5 26000
413 S&H Arms Mfg. Co. Registered Auto Sear in a Heckler & Koch 91 Rifle 26000
414 S&H Arms Registered Auto Sear in Heckler & Koch MP5 26000
415 Quality Mfg. Registered Fire Control Group in a Steyr Aug Rifle 24000
416 Pearl Mfg. M45 Submachine Gun 7500
417 Ruger KAC-556F Assault Rifle 9000
418 Ruger AC-556F Assault Rifle 9500
419 Wilson Arms Uzi Submachine Gun 8500
420 Ruger AC-556F Assault Rifle 8000
421 S&H Arms Registered Auto Sear in Heckler & Koch 33 23000
423 Charles Erb Converted Imi Uzi Submachine Gun 8250
424 Military Armament CorporaCon M10A1A7 Submachine Gun 4600
425 Mk Arms Mk 760 Submachine Gun 5500


John - besides the HKs, I'm intrigued which other lots you thought were significantly under priced...

 

[b_saan]

At what point does a trend of "underpriced" sales become the new market value.

 

[Hey...]

Those were across the board lower and mostly in ratio to their peers. Interesting to see the market soften. I need to make some plans to snag my HK sear sooner than later.

 

[colossians323]

it wasn't just the nfa, the whole semi auto market was undervalued too

 

[A&S Conversions]

I think that with transfers taking a year or more per Form 4 transfers, some buyers are shying away. Especially those buyers with more of an investment aspect to the purchase. It seems that many think the economy is at or near the peak. Prices of luxury items tend to soften during a downturn in the economy. If the sear requires two Form 4 transfers, it could be 2021 before the purchaser has the sear in hand. By that time there could be a further softening of the market.

Scott

 

[johnthedford]

F3 transfers via efile are taking less than 3 days in most instances.

 

[Gaujo]

I want an HK sear and didn't realize they had softened that much. Do y'all think this was a fluke or the new normal?

 

[mattnh]

I want an HK sear and didn't realize they had softened that much. Do y'all think this was a fluke or the new normal?

IMHO, the 29.6K HK sear + host #s are below public market price and from a low-risk source.
Prob ~5K under market price.
Seller likely would have done better on GB

 

[colossians323]

I want an HK sear and didn't realize they had softened that much. Do y'all think this was a fluke or the new normal?

Fluke

The hosts alone are worth 4-8K depending on who is willing to pay what

 

[mattnh]

Fluke

The hosts alone are worth 4-8K depending on who is willing to pay what

Agree 100%

 

[ScottinTexas]

Let's not forget that the percentage of voters owning firearms of any kind is decreasing and has since the 1960's. That logically means that generally the number of firearms each owner possesses is increasing.

Maybe the market is temporarily(?) saturated.

Maybe the bumpstock fiasco has some NFA owners nervous.

Anyone who has owned a MG for at least 10 years is easily into the money and maybe they are happy to cash in some and remove risk at prices double maybe what they paid.

 

[pa123guns]

Do we know these guns definitely sold for those prices? The reason I ask is Morphy “sells” guns but after the auction some of them don’t actually sell because the “reserve or some agreement is not met”. There was a mini uzi bolt gun that went for $7500 hammer price at the auction but after the auction was over it showed as not sold. There were multiple guns that went this way.
I’m wondering if all of these guns actually sell for the prices posted. High bid doesn’t mean sale price.

 

[mattnh]

Do we know these guns definitely sold for those prices?

Yes, those are definitely actual sale prices.

I was on-site for the bidding on the first day when MGs were being sold.
I bid on a number of the MGs listed above,
wrote them a check at the end of the day for what I won,
and they sent me F4s to file...

Yep - I'm 100% sure the numbers above are real numbers.


BTW, here is an example of an unsold item listing: https://live.amoskeagauction.com/m/...tm=any&order=order_num&xclosed=no&featured=no

And there were serious buyers present:
e.g.
https://live.amoskeagauction.com/m/...catm=any&order=highest&xclosed=no&featured=no

https://live.amoskeagauction.com/m/...catm=any&order=highest&xclosed=no&featured=no

 

[pa123guns]

Awesome good to know!!
Thanks!!

Yes, those are definitely actual sale prices.

I was on-site for the bidding on the first day when MGs were being sold.
I bid on a number of the MGs listed above,
wrote them a check at the end of the day for what I won,
and they sent me F4s to file...

Yep - I'm 100% sure the numbers above are real numbers.

 

[b_saan]

What'd you buy?

Yes, those are definitely actual sale prices.

I was on-site for the bidding on the first day when MGs were being sold.
I bid on a number of the MGs listed above,
wrote them a check at the end of the day for what I won,
and they sent me F4s to file...

Yep - I'm 100% sure the numbers above are real numbers.


BTW, here is an example of an unsold item listing: https://live.amoskeagauction.com/m/...tm=any&order=order_num&xclosed=no&featured=no

And there were serious buyers present:
e.g.
https://live.amoskeagauction.com/m/...catm=any&order=highest&xclosed=no&featured=no

https://live.amoskeagauction.com/m/...catm=any&order=highest&xclosed=no&featured=no

 

[rybread]

Hmm some nice ones there damn that Browning HOT...

 

[mattnh]

What'd you buy?

NFA? Just the Pig (soon to visit Desert Ordnance for an E6 upgrade)

 

[Mackjack]

NFA? Just the Pig (soon to visit Desert Ordnance for an E6 upgrade)

The one that went for only 26k?!?!