My God Jim, it's a LK for sale BIN

marc61 · Post by **marc61** » Sun Sep 11, 2005 6:46 am

BTW, shoulda, coulda, woulda...hit the BIN next time.

I would have had there been no bids when I saw it.

bottom4 · Post by **bottom4** » Sun Sep 11, 2005 6:53 am

What was the BIN?

bottom4 · Post by **bottom4** » Sun Sep 11, 2005 7:09 am

OK looking back I see the BIN was in the $7K range… So this makes absolutely no sense to me. Why would you not hit the BIN if you’re willing to bid to that level anyway? You know it's going to bid over that BIN! This guy is going to make an additional $1K+ than he was willing to make.

Marc – you’re absolutely right about no duty - that was something I was aware of and I would have avoided shipping – this guy was willing to drop it off at a friend of mine’s home.

Actually if he imported this bass into the EU, paid duty and then exports the bass back to the US he could get back what he paid in duty on top of the margin he’s making…

Oh well…

ken_swearingen · Post by **ken_swearingen** » Sun Sep 11, 2005 7:25 am

Capsule Music,charged me duty for my 67.

jnbass · Post by **jnbass** » Sun Sep 11, 2005 7:28 am

oh-oh...

marc61 · Post by **marc61** » Sun Sep 11, 2005 7:38 am

Andy, to my recollection this is the first time an LK auction has been seen through. There really was no way to determine the price a collector would pay from an unknown source for a piece like this. We also don't know if the high bidder at the end will be for real.

I can understand Brian's reluctance but, I would have hit it at that level. But, then I wouldn't be talking about the pending arrival of a 4005.

dswp · Post by **dswp** » Sun Sep 11, 2005 8:05 am

$8,600.
Still an hour to go.

bottom4 · Post by **bottom4** » Sun Sep 11, 2005 8:17 am

I believe MrEd has been selling them at $7.5K a pop ...
I'm not faulting Brian - I just think we need to really think about the environment before acting. Brian himself has said he has received an offer of 8K for his.

I personally think that with patients, you could get 12K for one of these and that’s what make me consider going for this – but with two major property purchases in the last month my bank account tells me different…

marc61 · Post by **marc61** » Sun Sep 11, 2005 8:47 am

$9600 with 30 minutes left.

Last time I called Ed Roman, I was quoted 10K

bottom4 · Post by **bottom4** » Sun Sep 11, 2005 8:57 am

Ok there you go...

ken_swearingen · Post by **ken_swearingen** » Sun Sep 11, 2005 8:59 am

Id have to say the seller is one happy mug,the BIN being at seven,and looks like its going close to ten.

marc61 · Post by **marc61** » Sun Sep 11, 2005 9:15 am

Sold at $9200, I was wrong about the $9600 quote.

incubus2432 · Post by **incubus2432** » Sun Sep 11, 2005 10:14 am

I only ever bought two things from out of the country before.....both were US items and I was charged duties for both. I don't know what the specific rules are but I do know that I was charged before I was allowed to pick up at my local UPS hub. Maybe the charges were incorrect but that was my past experience.

I know what I was offered for mine but aside from Ed Roman's had never seen any actually sell for that much. I was hoping to get it for closer to $7K total.....the BIN would have put it at around $8K with shipping. I figured since none have sold that people may not be willing to go this high.....I was wrong. If I didn't have one I would have hit the BIN just to make sure I got it. Now that I know what others are actually willing to spend I'll make some different decisions next time.

I will have a second one.....just not sure when though. Maybe the price from this auction will draw out a few that were bought as "investments"

jnbass · Post by **jnbass** » Sun Sep 11, 2005 10:36 am

$9200

damn!

marc61 · Post by **marc61** » Sun Sep 11, 2005 2:43 pm

I'm going to call my wife's uncle who was a customs agent for many years and try to get some clarity on this. Doesn't seem right that you'd have to pay duty on a US produced item.