Colt Python Bubble....

There was a nice 4"er today at my LGS. I didn't look close, but it looked good at a glance. It was a tagged at $2200.00.
 
The rush for Pythons seems to even be pushing the price up on other Colts. When I first got into guns (5 or 6 years ago) I remember seeing Anacondas and Diamondbacks for under $1000 in my area. A few of those were even complete with the box. Now its hard to find one without the box for under $1500. The other Colt DA's have gone up as well but not quite as drastically.
 
Python

FilthyHarry January 16, 2015 04:35 PM
My neighbor's old gun

Neighbor across the street walks over to talk because he got a new car. We start chatting before I go look at it and the topic of shooting comes up. I tell him I have a Python... My latest purchase. He says, "I have a Python... Bought in 1982... I've never even shot it." Said he thought he paid $600 for it.

I say, you know what it's worth? He says... No idea...

Now, you know I can't try to steal it from him, he is an awesome neighbor and he would for sure figure it out. I ask what barrel length... 2.5 in, he says.

I'm gagging. Told him what it's worth... He's gagging. Sigh.
 
Neighbor across the street walks over to talk because he got a new car. We start chatting before I go look at it and the topic of shooting comes up. I tell him I have a Python... My latest purchase. He says, "I have a Python... Bought in 1982... I've never even shot it." Said he thought he paid $600 for it.

I say, you know what it's worth? He says... No idea...

Now, you know I can't try to steal it from him, he is an awesome neighbor and he would for sure figure it out. I ask what barrel length... 2.5 in, he says.

I'm gagging. Told him what it's worth... He's gagging. Sigh.
Click to expand...

This reminds me of something that happened to my friend's dad last year. One of the guys he works with sold him a Colt Python for $750. Two days later the guy calls him asking him to sell it back to him for that price. Apparently the guy took the time to look up prices and realized his mistake. My friend's dad's reply to him was "I'll sell it back to you for what its really worth."
 
I like the response on selling back the Python. Most people sell because they need the money NOW. He helped them out with cash NOW. If it was a friend, I'd sell it back however.

I don't see Pythons or Diamondbacks dropping in price significantly in the next 5 years. There may be a bubble, but the bubble keeps increasing not decreasing. Neither are uncommon guns except for a few of the variations. Many don't know enough to recognize the signficance of the less common variation and those are the ones I focus and focused on for the last 10 years.
 
I do not see the bubble bursting. Prices on gun which are no longer produced continue to go up. For a lot of people there is a perception that they are rare just because they are no longer in production. As others have mentioned in this thread lots of Pythons were made. They are not really rare but there is perception that they are.

Look at S&W revolvers, S&W Gen 3 autos, HK P7s etc.... They all keep going up. Maybe not as much as Pythons but all of them are increasing at a rate higher than inflation. In my estimation they are moving up as much as 10% annually.

I have watched LNIB S&W Gen 3 autos go from please take them at $200- $250 to $450+ guns in last few years. There was not a more popular gun in their day yet they are not thought of as something uncommon by many because they do not walk into a store and see 10 of them like they do with Glock yet they were the Glocks of their day. The most popular LEO gun in the US.

I think this trend will continue with the Pythons and other out of production guns. They might not net you a 10% return every year but I am willing to bet they will not be dropping in price anytime soon.
 
Last edited:
jasmith85
The rush for Pythons seems to even be pushing the price up on other Colts.
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I am considering this poor man's python.
 

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Certainly the Colt revolvers in excellent condition are being dragged along behind the Pythons and Diamondbacks. But the increases have not been so volcanic.
 
I don't really care what the market for Snakes does. I paid $700.00 for my 6" blued Python a few years ago.I'm keeping mine. I'm going to try to wear it out before I die. Serious :D factor every time It come out of the safe.
 
There was a nice 4"er today at my LGS. I didn't look close, but it looked good at a glance. It was a tagged at $2200.00.
Click to expand...

I wrote that Friday afternoon. The gun was gone today. I don't know what they got for it, but I doubt they dropped the price much in that little time.

That bubble seems to be holding up well around here.
 
Clark... I have a six inch blued Python, and a Officers Model Match that I paid $750.00 for.
It's by far my most accurate pistol of all my Colt's, or S&W's.
I would say go ahead and grab it up.
 
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