RIAC Cuts Ties With Invaluable
06/08/2018
By Joel Kolander
Recently several major corporations have made news by taking a stance advocating for stronger gun laws. The most notable of this movement may be Dicks Sporting Goods, who also owns outdoors specialty chains Field & Stream and Golf Galaxy. Dicks announced on February 28, that all of its stores would no longer sell “assault-style” rifles and introduced minimum age limit of 21 years old to purchase any style of firearm, regardless of local or Federal law. A later announcement stated that all firearms and accessories affected by the new policy would be destroyed.
In the same vein, online auction-hosting site Invaluable made a similar announcement in May, sending an email to auction houses utilizing its services stating that it would no longer sell, “all Class III weapons, “assault-style” semi-automatic rifles” as well as other items.
In response, Rock Island Auction Company has pulled its entire 2018 June Regional Auction, and its nearly 10,000 guns from the site and will not be listing its auctions on Invaluable, or its sister site AuctionZip, in the future.
For those who still wish to bid online with RIAC, two solutions are readily available.
- For those who place sealed or absentee bids before the auction begins, you can place these exact same type of bids on www.rockislandauction.com.
- Those who bid live, online can utilize the new RIAC Live bidding service. Not only can you bid in real time with a live feed, but it also interacts with your account on our webpage, highlighting items if you’ve added them to your wishlist.
Everything for RIAC Live is taken care of in-house right at Rock Island Auction Company. If you have questions on an item, need technical assistance, want to make special shipping arrangements, need to make a billing inquiry, etc, you only have to call one phone number. Plus, bidding directly with RIAC is cheaper with no additional fee for sealed bids. Bidding with RIAC Live is only a 1% fee instead of the 3% charged by Invaluable.
As always, please contact us with any questions, or if we can be of any help to our bidders who used the Invaluable platform.
This pre-ban Colt AR-15 SP1 now qualifies as a curio and relic and would have been prohibited under the new policies.
What amount does the bidding start at?
Bidding generally starts no less than ½ of the low estimate. If there are a lot of absentee bids placed on an item, the item may start at the low estimate or even above the low estimate. The discretion of the starting bid is determined by the auctioneers.
