All the watercooleds sold for well less than expected. Anyone here get any?
i was shocked that the one went for 39,000I was surprised that one MG08 sold for $21K and the other one for $39K. Don't quite understand how one was worth twice what the other one was worth....yes, I know the more expensive one was in nicer condition and matching numbered parts.
That went for just over $100k. Way under the low end of the estimate. For some reason its no longer listed on the auction page right now.Did anyone see what Michael's twin water cooled 50's went for? They were on a very nice Canadian Naval deck mount with the crest in tact.
Understandable though. That was basically an artillery piece. The number of potential buyers for something like that is probably a fraction of those wanting a single air cooled M2. Who all has the means to transport it, and a place to display it? I've had my license for 20yrs and the MG market keeps surprising me. I used to think there would be a point where the market was going to say, f*c% it and the crazy prices will stop. I'm proven wrong every year. The number of MG selling for 6 digits keeps increasing. I keep thinking the common man cant afford them, but the demand is still enough to keep prices up. I know people who form groups to buy a half million dollar car together. I wonder if that's the direction MG ownership is going?Agreed, that was disappointing.
I don't buy into (pun intended) the investment theory. I've discussed that with my finance guy, and customers who have very deep pockets. Putting $30k a year into machine guns VS $30k properly invested, the machine gun "investment" is going to lose every time when all is said and done.Prices also seem to jump when the stock market is bad as people look to other places to invest. There are still tons of people out there that have no idea in many places the guns are legal. Every day another person with deep pockets happens into this information. I would bet many of the people buying the super high end stuff don’t know much about it or even have a huge interest it’s all about investments for many
Those days are long gone. It's safe to say anyone who is at a point in their life where they can drop $100K on a Morphy's Auction gun will see much of a return in their lifetime.Have a friend who amnesty registered dozens of guns he picked up as a kid for peanuts. He is now sitting on close to a million in today’s market. It’s all about timing and making the right buys no matter what you are buying