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Each year at the annual convention an auction is held Saturday evening just prior to the Banquet (but in a different room) to raise funds to help pay for the cost associated with the convention. Also it provides a fun activity in which each member can participate by either buying or selling, and the CCA receives a commission as stated in the Auction Rules. Many of the items are donated by members and the CCA keeps the proceeds to increase the funds raised. Items generally sell between $50 - $250 for Colt related memorabilia to $5,000 or higher for a Colt firearm and we limit the number of items in the auction to 60 because of time restraints. The last item in the auction is always the CCA Show Gun especially prepared by Colt for the Auction. Each year since 1984 we have auctioned off a Show Gun ranging in price from $1,500 in 1985 to $125,000 in 2006.
Any member wishing to participate should review the Auction Rules posted on this website and then look for the auction tables at the back of the Convention room. We receive items starting on Thursday until Saturday at noon or until we reach the limit of 60. You can stroll by any time you wish to view the items already placed in the auction or to simply fill out the consignment form provided at the table to place an item in the auction. You must be a current member of CCA to participate in either buying or selling. We accept cash or check for payment but no credit cards. If you have any questions, a CCA worker behind the table will be happy to get you an answer from the Auction Master if they don't already know it.
The annual Colt Show Gun is the high light of the auction and usually creates a packed room. The Show Gun will be on display near the front of the convention room up until auction time. Each year the "buzz" of the convention room for 3 days is "who will buy the Show Gun and how much will it sell for". When the auction closes, the high bidder for the Show Gun is swarmed by many people with congratulations for buying such a beautiful work of art and the cameras are flashing to get pictures of not only the high bidder but the Colt executives that are present and the various artist that created the master piece. It is an exciting time for everyone present.
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Auction Rules for 2010 |
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- Consignments are accepted for auction by Colt Collectors Association Members only and only Members may bid at the auction with a Bidder’s Card in their possession.
- Consignments will be accepted at the annual show only, not in advance. The auction table will be open for business to accept consignments or donations from 2:00pm to 5:00pm on Thursday and Friday from 8:00am to 5:00pm. Each item must be accompanied with a completed description sheet furnished by CCA. Auction items will be available for viewing from 8:00am to 4:30pm on Saturday. A limit of five (5) items per consignor.
- Consignment fees will be 10% of the hammer price on each item or $25.00, whichever is greater. Donated items are always welcomed and Greatly Appreciated at no charge, and no limit to the number of items.
- Consignors wishing to protect their consignments must place a reserve price on that item at the time of filling out the consignment form. The consignor will not be able to bid on or protect their own consignment. The reserve will be executed by the Auctioneer. In the event that a reserve price is not met, the Auctioneer will announce the reserve amount to the audience and ask for continued bidding. Should the reserve not be met, the consignor will be charged a flat $50.00 fee. This charge is in addition to the $25.00 run fee in item #3 above for a total charge of $75.
- The sale of all post – 1898 firearms must be in accordance with the laws of the state in which the show is held and comply with all federal laws as set forth by the ATF or applicable federal agency. In this instance the consignor must indicate on the consignment form if they are a FFL. It is the responsibility of all consignors of post –1898 firearms to execute the proper transaction between themselves and the purchaser of their consigned firearm after the auction.
- A 10% buyer premium will be charged on ALL purchases, including donated item. This is a new policy started in 2004. The only exception is the SHOW GUN, no buyer premium will be charged on the Show Gun. All items purchased at the auction must be paid for and picked up between 8:00am to 10:00 am on the day following the auction and consignment payments will also be made between 8:00am to 10:00 am on the day following the auction. Please do not ask for settlement immediately after the auction. It takes several hours to finalize calculations plus the auction helpers should have the right to attend the banquet. Payment is by personal check or cash only. CCA does not accept credit cards.
- The Colt Collectors Association and its members are not responsible for omissions, errors, or deletions in the catalog. They also reserve the right to pull any item from the auction not deemed consigned in good faith. The descriptions in the catalog are not the opinion of the Colt Collectors Association and the Bidder must satisfy to his own satisfaction the Era, Condition and Authenticity of any item offered at the auction. Consignors agree to hold harmless the Colt Collectors Association and its members for any losses or accidents.
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Check Out the completed!
Colt collectors association Auction Gun, the 2010 colt single action army!
30th Anniversary auction firearm to be auctioned October 2, 2010 at the Tulsa Oklahoma all Colt Convention
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