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9/7/2026 7:37:18 AM EDT
I had posted about the pricing letter this auction had.  It went for $9812 on GB:
GB auction listing ended
 Lots of cool features on the early ones like a cast FSB.
9/7/2026 7:43:56 AM EDT
[#1]
Hmmm....   I've got one.  SP009nn serial.  In better shape than that one.  Crikey.  Who knew.
9/13/2026 12:19:26 AM EDT
[#2]
Market seems to be down
9/13/2026 9:43:35 AM EDT
[#3]
I take hammer prices of that seller’s auctions with a grain of salt. They are known to use shill bidders to increase the hammer price.
9/13/2026 10:39:11 AM EDT
[Last Edit: MASP7][Edited] [#4]
I agree, GB is rife with shill bidders.
(And GB doesn't care at all.)

Having said that, if you look at the winning bidder's history he has a long and consistent pattern of buying Colt stuff, and especially SP1 stuff, over a variety of sellers.
He pays for it too, as we saw.

The sale passes the initial "sniff test" with me. It's usually easy to see the pattern with most shill bidder accounts.
9/13/2026 11:03:57 AM EDT
[#5]
Damn...

I have three different SP1 rifles...'65 four digit...paid 1800 for it. Great condition.  72 and 74... are in great shape too...but don't command these types of prices.

Bought all three off of GB.
9/13/2026 2:37:48 PM EDT
[#6]
When I list stuff on there, I note that no-feedback bidders will be blocked have their bids cancelled.  GB has been good about removing their bids when they pop up as long as it says that in the description.  
   I get aggravated bidding against NR bidders with 5 year old accounts, GB doesn't care, but the sellers can do something about it.
9/14/2026 8:45:52 AM EDT
[#7]
Might be a legit buyer but they likely overpaid due to known shill bidders that the seller uses.  Further, they do consignment and nothing keeps the owner from bidding on their own items to drive values up.
9/16/2026 9:34:51 PM EDT
[#8]
Quote History
Originally Posted By PGT_0673:
Might be a legit buyer but they likely overpaid due to known shill bidders that the seller uses.  Further, they do consignment and nothing keeps the owner from bidding on their own items to drive values up.
View Quote


This.
9/18/2026 7:46:03 PM EDT
[#9]
Keep it for that insane money! Something smells fishy!
9/18/2026 8:10:55 PM EDT
[#10]
So then if the $9800 price is not kosher then what should the price have been?
Yesterday 6:40:01 PM EDT
[#11]
HHollow $3,500-$4,000 is the most I would bid.
Yesterday 7:49:07 PM EDT
[#12]
There were 11 different bidders after $4000, how many or which ones were  shills?

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