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Very Hot Topic (More than 25 Replies) Rock Island Auction (Read 19621 times)
ole_pizen_slinger
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Rock Island Auction
Feb 19th, 2012 at 9:05pm
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Is there any way to find out who won a certain Lot # in the February Rock Island Auction.  There is an item in one of the lots that I would like to purchase if the winner will sell it.  Thanks for any help.
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marlinguy
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Re: Rock Island Auction
Reply #1 - Feb 19th, 2012 at 11:43pm
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There is a way to find the price, but results for that auction have not been published yet, and when they are the buyer is not revealed.
If you contact RIA and tell them what you want, they might contact the buyer and give him your info. If he doesn't want you to know they may not pass the info along.
  

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ohiosam
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Re: Rock Island Auction
Reply #2 - Feb 20th, 2012 at 9:32am
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An auction company should not release a buyer's personal info.   

However they might be willing to privately contact the buyer and  facilitate your purchase for an appropriate fee.
  
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slumlord44
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Re: Rock Island Auction
Reply #3 - Feb 20th, 2012 at 11:10am
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I am sure this question has been brought up before but I need to ask it again. What is the opinion of the members here on using Rock Island Auction to dispose  of the gun collection in one's estate. I am thinking about advising my family to utilize them. Got a lot of stuff to get rid of after I am gone and would like who ever is left to get a fair return and not have to go through a lot of time and trouble do it. I have some common and some not so common guns and accessories.
  
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JLouis
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Re: Rock Island Auction
Reply #4 - Feb 20th, 2012 at 11:52am
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Slumlord I have been watching the results realized from RIA's auctions for quite a few years as well as some others. It appears from these observations that RIA's realized prices seem to provided the best monetary returns and their pre-auction full color advertising brochures are second to none.

J.Louis
  

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frnkeore
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Re: Rock Island Auction
Reply #5 - Feb 20th, 2012 at 2:28pm
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John, Do you know what percentange thier fee is and other fees such as listing or pick up?

Frank
  

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bnice
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Re: Rock Island Auction
Reply #6 - Feb 20th, 2012 at 5:16pm
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I believe 15%
  
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ziplocjoe
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Re: Rock Island Auction
Reply #7 - Feb 20th, 2012 at 6:18pm
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Rock Island Auction charges about 25% from the seller and then another 15% or(17% with credit card )
from the buyer.
  
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QuestionableMaynard8130
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Re: Rock Island Auction
Reply #8 - Feb 20th, 2012 at 6:34pm
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In dealing with any auction house with items of any value as a buyer, and even more as a seller, read ALL the small print two or three times and unless you are a lawyer have one read it as well.  There can be all sorts of charges, advertising, photography, cleaning, packing etc etc.   The good reputable firms are up front on this but there are a LOT of small details that can get overlooked particularly in estate situations where there can be a lot of cross currents at play.
Personally, if I had a collection of guns of value to be concerned with I'd probably consider making a new appraisal made as part of the estate business and having the family lawyer help with the auction house dealings.
  

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slumlord44
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Re: Rock Island Auction
Reply #9 - Feb 20th, 2012 at 9:10pm
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What the auction company charges will be peanuts compared to what the family lawyer will charge.
  
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QuestionableMaynard8130
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Re: Rock Island Auction
Reply #10 - Feb 20th, 2012 at 10:33pm
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Ok in that case better send the lawyer on ahead to clear your path Wink

From what I've heard RIA is pretty reputable.  I know that when Warren "weeded" his single shot collection a few years back, he, working with Denny Hurososky (ex-ASSRA Pres and I may have spelling wrong) chose to go through RIA and from what feedback I got they were happy.  It might be worth touching base with Denny  If you look back 2 or 3 year in the SSRJ his contact info should be in there.
  

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bnice
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Re: Rock Island Auction
Reply #11 - Feb 21st, 2012 at 12:34pm
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Just checked, Premier is 15%, Regional 25%
  
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RBKenn
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Re: Rock Island Auction
Reply #12 - Feb 23rd, 2012 at 12:58am
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What ever you do have all of your firearms tagged with detailed information as to make, model, features etc. I do not know who RIA employes to make up their listings, but this Feb auction they had about a half dozen rolling blocks improperly identified, some seriously. That may or may not be the same with other makes etc. but I would not leave it to chance.  They are pleasant folks to deal with, just need some upgrades in the technical areas.
  
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slumlord44
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Re: Rock Island Auction
Reply #13 - Feb 23rd, 2012 at 9:49pm
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I have an index card file with all that info. Never thought about taging each gun. A little bit of a pain when taking out to clean, shoot, or just look at but might not be a bad idea. I have been puting tags on sights and accessories for a while and also on car parts so they can be identified after I am gone and also to help me remember what is what. In the process of restoring the T-Bird and put everything in labeled zip lock bags. Keeps parts that are cleaned and refinished nice and at least I have some idea where they go.
  
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theformer1878
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Re: Rock Island Auction
Reply #14 - Feb 25th, 2012 at 4:00pm
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I'm afraid my view of Rock Island, and the other auction companies, is less positive.  I think they can be a good thing on the buy side, less so for sellers.  A little more than a year ago I contacted Rock Island about the custom Sharps I was trying to sell.  Without looking at it, they offered to put it in their premier auction with a reserve of roughly 1/3 of what I had in the rifle.  I declined!  Based on my phone conversations I did not find them to be particularly knowledgeable about single shot rifles.

They advertise an auction sale rate of something like 95%, which unless you believe that there are thousands of retail buyers out there, means that many of the guns they sell are in effect being wholesaled to dealers.  I could not afford to risk that on one fairly expensive rifle.

What I think these firms are, is a mechanism for people like estate lawyers to claim that they got the "market price" for the rifles without working at it.  Although their brochures show you the few special rifles which sold for record prices, I don't think those transactions are typical.

So my advise would be, if you want the true value, sell it yourself before you die, don't leave it to your estate.  If you can't bring yourself to do do that, your family is probably going to get a little or a lot less.

The idea of having a detailed inventory with some indication of values is a good one.  You might be hit by a bus.  You don't have to show the inventory to anyone, just make sure they know it exists.  Put it away with insurance policies and the like so they don't get taken too badly.

  
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