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Posted: 6/10/2022 6:50:56 AM EDT
[Last Edit: digitalebola]
Life has changed and I am thinking of liquidating a lot of my collection.  I do not want the hastle of gunbroker or the EE here.  Was thinking an auction might be the way to go to unload more than a few at once. Has anyone dealt with Montrose Auction?https://montroseauction.com/
Link Posted: 6/10/2022 7:27:06 AM EDT
[#1]
I’ve not used Montrose but had similar thoughts last year.  My collection was primarily military collectibles.  American infantry rifles 1816-1982 and German pistols , primarily Lugers and P.38s.

I used Centurion Auctions in Tallahassee and was very pleased.  He has a firearm auction approximately every other month and a military’s auction every other month.

My collection was 125 military and 5 civilian + various lots of ammo, mags, clips, pouches, etc

They came to inspect, inventory, picked up, insured, researched for description accuracy, photographed, listed, sold, shipped, FFL’d, collected money, and gave me a printout and check afterwards.  

Soup to nuts.  I had dreaded selling these myself and dealing with 150 different buyers.  They handled from soup to nuts.  I couldn’t have been more pleased with the result

Their audience of bidders knew what they were bidding on.  My more rare arms brought great prices.  My common arms brought good prices.  My civilian stuff went cheap.

My stuff sold last October.  Go to the website and you can see the items and how much they brought
Link Posted: 6/10/2022 8:42:30 AM EDT
[#2]
Excellent! Thank you for the recommendation. I have a similar quantity and just don’t want the hassle as you had said.

Could you describe the process? I am guessing they scheduled a day to come in and inventory… did they show up in a truck and haul it all away then?

I am in a situation where I have separated and moved to Alabama. The safes are in Georgia and I want to minimize my time here.

Did they sell ammo also? I stacked deep in the Bush years… have not really shot that much in the past decade.

Thank you again for your reply!
Link Posted: 6/10/2022 9:06:26 AM EDT
[#3]
Let us know the auction details if/when the day comes
Link Posted: 6/10/2022 9:25:06 AM EDT
[Last Edit: Jack-of-Hearts] [#4]
They sold some of the ammo.  Basically, they sold the factory ammo but not reloads.  I sold reloaded ammo locally.

Here's the link: https://www.centurionauctions.com/.  Ask for the owner, Malcolm Mason.  He will call you back.  Or PM me, I can give you his cell #.  Tell him what you've got.  He'll answer any questions.  He and one assistant personally came to pick up my stuff.  I thought they were going to show up in a truck, but he actually wrapped the guns and put them in his car.  I already had a list with S/N's, so as we loaded, we checked off the list.  Of course, he also took the ammo, holsters, slings, bayonets, books, mags, etc.

I had 49 Lugers, so I had concerns about the number diluting the bids for the lower valued Lugers.  I had 2 of the 1,000 American Eagle Test Lugers evaluated in the 1903 US military pistol trials and thought about splitting them.  He said his audience had the resources, so spreading them out over several auctions wouldn't affect the price.  He was right.

Common stuff like Garands, M1 Carbines, '03 Springfields, Krags, Trapdoors, etc. brought right at market prices or maybe a tad better.  You can check the auction site to see what they brought.

He will go over the contract terms.  Essentially, I paid 10% seller's fee.  There was no separate charge for transporting, insuring, inventorying, transfer fees, etc.  If I recall correctly, anything over $1k (or $2k I can't remember) and the the % decreased.  I'd have to look at my contract, but I think it went to 7%.  It went significantly lower for items sold for $5k.  He will go over all that with you.  I don't want to step on his toes in case his rate has changed.

There was a several month delay between pickup and auction.  I think he picked up my stuff in May and auctioned in October.  Although I gave them descriptions for my older stuff, it took a while for them to research my descriptions for accuracy.  They even corrected me on a few of the 1800's stuff.  I was impressed.  After the auction, it takes a month for them to collect the funds from the buyers.

I encourage you to go to their website and browse the auctions and past auctions to get a feel for what they sell and how much it will bring.  My stuff was October 2021.

From my perspective, they picked up the guns and eight months later, they're sending me printouts.  A month later, they've sent a check.  I was very pleased with the no hassle.

Tell Malcolm, I said hello and that I recommended him.  And good luck!  

eta.  I just checked the contract and copy and pasted below:

LEVEL 1: 10% of the “Hammer Price” per Lot (Property) sold in its Auctions between $.01 and 1,000
LEVEL 2: 7% of the “Hammer Price” per Lot (Property) sold in its Auctions between $1,001 and 2,000
LEVEL 3: 5% of the “Hammer Price” per Lot (Property) sold in its Auctions between $2,001 and 5,000
LEVEL 4: 3% of the “Hammer Price” per Lot (Property) sold in its Auctions between $5,001 and Greater
Link Posted: 6/10/2022 10:00:48 AM EDT
[#5]
Link Posted: 6/10/2022 11:18:30 AM EDT
[#6]
Thanks all!
Link Posted: 6/10/2022 5:44:41 PM EDT
[#7]
Just fyi any online or organized sale is going to get you a 1099 nowadays. Nobody has explained how you establish cost of good sold and profit for taxes as they slid it in another bill. It’s in a book but the book is 100000 pages.
Link Posted: 6/10/2022 6:06:49 PM EDT
[#8]
@Jack-of-Hearts

Thank you again. I spoke to Malcom and I think he is the man!

Robpiat…. 1099… eck.  I’m already on the hook for 30k to the irs for a fuck up I made in 2019. Ugh.. I guess this is what CPAs are for :(
Link Posted: 6/10/2022 8:32:53 PM EDT
[#9]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:
@Jack-of-Hearts

Thank you again. I spoke to Malcom and I think he is the man!

Robpiat…. 1099… eck.  I’m already on the hook for 30k to the irs for a fuck up I made in 2019. Ugh.. I guess this is what CPAs are for :(
View Quote

Here's a tip.  I kept my plans on the down low with friends and family.

When they hear you're selling, they'll want a "deal" on something.  My personal policy is to not make money off my friends, so I sell to my friends for whatever price I paid.

I had one friend who knew about my plans to sell.  He begged to buy my Rock-Ola M1 Carbine.  I told him that's the only one I'll sell.  I sold it to him for the $750 that I paid a number of years ago and told him that I could get about three to four times that amount at auction.

At least maybe he'll appreciate it more.

So keep your plans close to your chest.  Don't post it on Arf hometown forum or anything.  Oh wait.  
Link Posted: 6/10/2022 9:33:38 PM EDT
[#10]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Jack-of-Hearts:

Here's a tip.  I kept my plans on the down low with friends and family.

When they hear you're selling, they'll want a "deal" on something.  My personal policy is to not make money off my friends, so I sell to my friends for whatever price I paid.

I had one friend who knew about my plans to sell.  He begged to buy my Rock-Ola M1 Carbine.  I told him that's the only one I'll sell.  I sold it to him for the $750 that I paid a number of years ago and told him that I could get about three to four times that amount at auction.

At least maybe he'll appreciate it more.

So keep your plans close to your chest.  Don't post it on Arf hometown forum or anything.  Oh wait.  
View Quote



😂😂😂😂😂
Link Posted: 6/10/2022 9:58:45 PM EDT
[#11]
Interesting discussion. I actually wandered into the Centurion storefront a few months ago and saw some of the upcoming auction items on display.
Link Posted: 6/11/2022 5:56:19 PM EDT
[#12]
Update… they are coming next week to pick up.  Everything should be in the August auction…. Not sure if im allowed to say that or not! Mods delete if it is not permitted!

Link Posted: 6/11/2022 7:14:26 PM EDT
[#13]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:
Update… they are coming next week to pick up.  Everything should be in the August auction…. Not sure if im allowed to say that or not! Mods delete if it is not permitted!
View Quote

Great!  If your friends ask to buy something out of your collection; now you can tell them "Sure!  You didn't think I wouldn't give you a chance to have it, do you?  I'll give you the link for the auction site."  
Link Posted: 6/12/2022 12:03:03 PM EDT
[#14]
Curious to hear the results. I have thought about thinning the herd.
Link Posted: 6/12/2022 10:17:45 PM EDT
[#15]
Link Posted: 6/18/2022 12:01:46 PM EDT
[#16]
Quick update… they came today and loaded the truck. 30 plus years worth of stuff.

Attachment Attached File
Link Posted: 6/18/2022 12:16:45 PM EDT
[#17]
Link Posted: 6/18/2022 2:01:45 PM EDT
[#18]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:
Quick update… they came today and loaded the truck. 30 plus years worth of stuff.

https://www.ar15.com/media/mediaFiles/104360/BC1D18E6-8340-46EB-BEDF-C885FA5B8CD1_jpe-2422345.JPG
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Shucks, that radio looks cool.
Link Posted: 6/18/2022 5:51:49 PM EDT
[#19]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By southerncross:


Nice cannon.
View Quote



This
Link Posted: 6/18/2022 6:57:23 PM EDT
[#20]
Ammo too?
Link Posted: 6/18/2022 7:18:04 PM EDT
[#21]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By silentbob343:
Ammo too?
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Everything! (Well almost).

Two cannons gone… still have one for fun :)
Link Posted: 6/18/2022 7:19:21 PM EDT
[#22]
Ammo fort is no more



Attachment Attached File
Link Posted: 6/18/2022 7:22:13 PM EDT
[#23]
Nice fort.  
Link Posted: 6/18/2022 7:43:17 PM EDT
[#24]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Suppo:


Shucks, that radio looks cool.
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I got the radios in the early 90s

One of my buddies was a1st LT in the guard.  They had a chance to do some airmobile operations… but their radios were down.  So my buddy borrowed mine for his unit 😂
Link Posted: 6/19/2022 2:08:12 AM EDT
[#25]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:



I got the radios in the early 90s

One of my buddies was a1st LT in the guard.  They had a chance to do some airmobile operations… but their radios were down.  So my buddy borrowed mine for his unit 😂
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:
Originally Posted By Suppo:


Shucks, that radio looks cool.



I got the radios in the early 90s

One of my buddies was a1st LT in the guard.  They had a chance to do some airmobile operations… but their radios were down.  So my buddy borrowed mine for his unit 😂


Well, now I really want it.

Are the items with the Montrose Auction?
Link Posted: 6/19/2022 6:08:18 AM EDT
[#26]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Suppo:


Well, now I really want it.

Are the items with the Montrose Auction?
View Quote


Centurion.https://www.centurionauctions.com/

Everything should be in the August auction as far as I know!
Link Posted: 6/19/2022 1:47:31 PM EDT
[#27]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:


Centurion.https://www.centurionauctions.com/

Everything should be in the August auction as far as I know!
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By digitalebola:
Originally Posted By Suppo:


Well, now I really want it.

Are the items with the Montrose Auction?


Centurion.https://www.centurionauctions.com/

Everything should be in the August auction as far as I know!


Awesome, thanks for the heads up.
Link Posted: 6/19/2022 1:49:37 PM EDT
[#28]
All that militaria, ammo AND a beautiful C3....that's one sexy ammo fort!
Link Posted: 6/19/2022 5:04:33 PM EDT
[#29]
Nice Stingray also.
Link Posted: 7/26/2022 6:36:19 AM EDT
[#30]
Just a small update… gotten a couple of calls from the auction house requesting info on some of my pieces. Hoping the auction does not get screwed up by any new legislation!!!
Link Posted: 8/7/2022 4:01:37 PM EDT
[Last Edit: silentbob343] [#31]
Edit: I am an idiot and forgot you changed auction houses.

Just as an FYI.

Montrose will charge you sales tax for their location, not based on the buyers zip code.  I don't know if that only applies to in-state bidders.  This is a bit different than my experience with other auction houses.  Also, they don't provide a shipping quote until after the box it is boxed and shipped.  Again, my experience with other auction houses has been shipment cost included on the final invoice.  If you pay by check Montrose will request you leave a credit card number on file to charge the final shipping amount.

Also, OP you picked a good auction house to maximize your sales.  The auctioneer will do everything in his power to avoid hammering on a low price, it was ridiculous listening to some of the lots. "400,400,400,400,400,400,400..."  Jesus man, just hammer it and move on to the next lot!
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