Did he sell them to you at below market price?
Maybe work a trade for something you want more.

quote:

Originally posted by 46and2:
What's good for the goose...

Offer to sell them back at the original price but only if he gives you first right at the same if he decides to sell them again later, that way it'll allow him to keep them if that's what he really wants but keeps him from flipping them if that's his true motivation. (a simple bullshit detector)

Perfect solution. Put the pressure on him. If they are truly for his collection then he gets friend price, if he wants to sell he already has a buyer (you) lined up at a set price. If he balks at that, then you know he's up-to no good.

Also, unless they are used as collateral for a loan. The agreement should be changed buy/sell at market price minus 10-15%. It would avoid this ever being an issue again.

This message has been edited. Last edited by: Skins2881,

quote:

Originally posted by Dead_Eye:
Friendship is friendship and business is business. If a friend doesn't understand and respect the difference, he's probably the type of friend who puts himself and his needs first. IMO, that's not a good friend.

.

This.

Barring some major sentimental aspect you are aware of - his expectation is unreasonable.

If your friend down the street was moving out and you wanted to buy his house and rent it out - would you expect him to sell you the property at below market pricing since you were 'friends'?


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If I buy something it is mine to do with what I want. I'd put them for sale at the going rate and if he wants them he can pay the going rate.

So, he expects you to take all the risk? If they go down in value you're stuck with them but if they go up you can't profit and have to give them back so he can then profit?

I've bought and sold many guns from friends and there has never been any understanding other than the gun now belongs to the new owner that paid for it. They can do whatever they want with the gun.

quote:

Originally posted by signewt:
Do Ferengi rules of acquisition apply?

You need a spreader between your post and quote...I thought it was Ferengi, but realized it was Ayn Rand

quote:

.I thought it was Ferengi, but realized it was Ayn Rand

HAR! ....¯\_(ツ)_/¯

quote:

Originally posted by 220-9er:
Did he sell them to you at below market price?
Maybe work a trade for something you want more.

This

quote:

Originally posted by Skull Leader:
If you are most worried about the friendship then sell them and split the profit with him. If he's not happy with that then find a different friend.

That's what I was going to suggest if you are sure his intent is only to flip them and not keep them for sentimental value. It sounds fair and reasonable, and keeps the friendship intact.

I have a "right of first refusal" agreement with a couple friends that I've sold guns to, but they are guns I've sold to them under market value or at a loss. It was either their first gun, or a gun they wanted more than I did at the time. I didn't mind taking the hit, but it's understood that they don't get to profit from my generosity. Don't know if that applies here. That's where the friendship gray area comes into play.

You never answered this question, which I really think is the crux of this issue:

quote:

Originally posted by Paragon:
Was the original agreement to give him first chance?

If that was the original agreement, then you honor it. If it wasn't, then you do whatever you want. He doesn't get to change the deal after the fact, but if you guys are good friends maybe you don't want to upset him.

If you guys are actual good friends, then whatever you decide shouldn't end your friendship, but I'd definitely communicate with him about what you're going to do first.

You said "he expects you to sell them back to him at the same price". Is that just his view or was this a condition of the original sale.

If not then this:

quote:

Originally posted by dwright1951:
Find a buyer, see what they will give you, offer them to your friend at that price. Then he has to pass or play, and you get the higher dollars and he got the first refusal.

SpinZone, i really like your suggestion.

No, never a contingency on a sale. In the past I have asked if he wanted them back before selling, and he said no. Usually, when I sell something I consider it gone. This seems to be a one way deal the more I think about it. You sell a gun, get the money, do other deals, then when you want it back, you have frozen the price to your advantage.

You are not obligated to "sell them back for what you paid" to this guy. Especially if they have gone up in price.

I'd tell this "friend" to go pound sand.

If you sell the guns back to your friend and he flips them, you'll never know if he doesn't want you to.

I'm with Jester - was there an agreement between you two that you would give first right of refusal at the same price you purchased the guns? If so, honor the agreement.

If there was an "understanding" and not an outright acknowledgement of such an arrangement then, no matter what, one of you is going to have some bad feelings when the deal is done in whatever manner it is completed. Is this friendship worth the angst for the years you have remaining if you're the one who gets the short end of the stick?

Based on your last response I wouldn't think much more about it. To me, it sounds pretty clear about who's taking the risk and who's at the disadvantage. I don't mean to insinuate anything about your friend of whom I know nothing about, I'm just calling the shots how I see them.

Have you decided what action you're going to take?

No,no explicit agreement at the time of sale. The price was the going market rate. I think I'll just sit on them for a while and see where this goes. If he continues to hound me to sell them at the price he originally sold them, the friendship is done. I really don't need this shit. Thank you for the counseling. You have given me a good insight on the directions this thing can take. Life is too short to fret about this.

quote:

Originally posted by greco:
Life is too short to fret about this.

Totally agree.

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Give him the option of buying them at a slight discount off fair market value, but don't eat the entire increase in value. He was able to enjoy your cash since you paid for them, and maybe you need to educate him on some basic economic principles related to that.

Also, if for some reason they had decreased in value would he think it was still fair to pay you what you had paid him?

If you are confident he's going to flip them, IMO - you should hold on to them and never speak of them again.

If you paid a market price, then sell them at a market price. If you made no deal with him for a right of first refusal, or to sell at a particular price, then you owe him nothing more.

As someone else asked, if they were worth less now, would he still pay you the old price?

Unless he is such a good friend that you are willing to give him a gift. Which is what you would be doing.

He is a friend. But when it comes to gun deals he is strictly business. I have gone out of the way to give him good deals on my sales to him. It is reaching the point where I feel like I am getting bent over. I have never gotten a "deal" from this chap, always market value. So I guess that is why I feel I will not continue to feel like I am being used. Thank you for the advice.