In my case UIM, I do not have to sell those guns I have consigned, so my dealers have been instructed to reject any offer that is not within 10 percent of what I have consigned them for. That is much like sitting on stock certificates while waiting for an up trend.
That said, I have seen a flood of 2k-to 5k guns come up for sale in the inventory of the dozen or so dealers I have either bought from or shopped when looking for a shooter.
To me, it appears that there is a glut of those guns out there and it also appears that most are being consigned for what they were purchased for two, three, maybe four years ago. There are some very nice pieces among them.
However, they are not selling fast, if at all. And if the offers made to the gentlemen I have consigned with is indicative, unless a seller will take a hit of 30 or 40 percent the market for them is flat.
There are dealers here on this board who can shed light on this discussion from their side of the table. I hope that they do.
