Guns take up less space, have much lower maintenance cost and no annual registration fees.
The gains and losses can exceed those for most cars!
http://articles.latimes.com/2010/mar/15/local/la-me-luger15-2010mar15
In 1949, collector Sidney Aberman bought the Luger for $150 from a friend who paid the same price for it five years earlier. After Aberman died, the gun was acquired by a California dealer who sold it to the Indonesian billionaire, Yani Haryanto, for $1 million. The Luger was since sold privately several times. Sunday was the first time it had been available for public bidding, Martin said.
Then sold in March 2010 for...
The gavel came down at $430,000 from an anonymous bidder. With the 15% buyer's premium, the 103-year-old weapon fetched $494,500.
Quite a swing in price!
The gains and losses can exceed those for most cars!
http://articles.latimes.com/2010/mar/15/local/la-me-luger15-2010mar15
In 1949, collector Sidney Aberman bought the Luger for $150 from a friend who paid the same price for it five years earlier. After Aberman died, the gun was acquired by a California dealer who sold it to the Indonesian billionaire, Yani Haryanto, for $1 million. The Luger was since sold privately several times. Sunday was the first time it had been available for public bidding, Martin said.
Then sold in March 2010 for...
The gavel came down at $430,000 from an anonymous bidder. With the 15% buyer's premium, the 103-year-old weapon fetched $494,500.
Quite a swing in price!