It’s been more than five years since the shooting death of 19-year-old Michael Dunn, and gun auctioneers are still trying to figure out why.
“The market is so competitive, and I think it’s very, very hard for any gun to really get into the market,” said John Kinsler, president of Gunbroker and Auctioneers Association, an industry group.
“There’s just too many people trying to buy it at such a price and you don’t know if they’re going to be able to get it.”
Gun auctions, in which the bidding is done online, have a history of selling for significantly less than what was offered to the buyer, making it difficult for gun dealers to compete.
Auctioneers said that while the bidding process was more streamlined, they still often saw bidding from other bidders who were far behind in their bids.
The bidding process has been more streamlined in the past five years.
The number of online biddings has more than doubled, but they still tend to sell for far less than online auctions, said John T. Kinsling, president and CEO of the American Gun Auction Association, a trade group.
“Online auctions are more competitive than they have ever been.
You have to have a better product to compete, and we’re still seeing a lot of people who have never been to an auction,” said Kinslin.
“We’re seeing a huge surge in the number of people wanting to sell firearms.”
The price for a handgun at auction has been rising over the years.
In 2017, gun auctions were able to sell more than 100,000 guns for $10,000 to $15,000.
But it was not until the summer of 2018 that auctions in Florida and California began offering prices that were higher than at other times.
Gun sales are up more than 200% from a year ago, and are expected to continue climbing as more people turn to online auctions for their weapons.
In the past decade, more than 30 million guns have been purchased at gun shows and other private sales.