Came off of what prices?
$3k plus? Those are just nuts prices that people are asking and only morons paid. =)
Vast majority of Pythons I have seen in real life auctions and actually sold in stores were around $2000 to $2500.
There were a few in the $3k plus, but those are pristine with original boxes... on Average that is where they have been and what I consider their value.
I do not see them going below $2k, and $2,500 for a nice example. Original box adds $300.
Yes, there were, and still are people asking $3k plus for Pythons, but very few were actually sold at those levels... much like a few FFLs asking $2,500 for SVT-40s, lol.
From Alderfer, this was from 2 years ago... live auction.. Python sold for $2,500
Prices have been like that the past few years...
The vast majority of Pythons have been in the $2,500 range for a while. The ones that go for more are either morons who get crazy OR... a more collectible example, shorter barrel lengths, royal blue finish, etc. In any case... a used beater python is not dropping below the price of a new production gun. And again, if you want a shooter... DO NOT buy an original python, it's pointless... buy a new one.
The Python market, since 2000 or so, has not been a regular used gun, it has been a collector gun. Colt is not making THE original python anymore and will NOT be in the future.
If anything, the introduction of the new Python will stabilize and raise prices for the original ones as people discover the gun and then go... "Wow, I wonder how the original one was."
Most of all, I have yet to see a gun reintroduced that dropped the price on the originals.
The Colt King Cobra did not, and originals are essentially twice the price of the new production ones, and so are the Cobras....
And somehow The new Python is going to be different?
I suppose where we differ is that you think the market price on Python was $3k... I don't... I think it is the ridiculous asking price and most transactions in the real world were happening for less, with exceptions of flawless samples or those that have original boxes. Keep in mind, original colt box right now is about $200 to $400. (or was the last time I checked). I generally considered the Python value over the last 3 to 5 years to be in the $2,000 to $2,500 price range... and that is where they generally sell for at auction.
What I think will happen is the original pythons are going to be brought closer to the $2k to $2.5k range with less outliers and less fear pricing... The new ones will sell quickly at $1,500 when they are released (and should be shipping now), though dealer price should be around $1,300 and you will be able to pick one up for around $1,350 in about a year, likely less.
In any case, the market for Pythons and revolvers is small to begin with... besides, if Colt sells 50,000 of these, they will be lucky... the ENTIRE revolver market in 2018 for domestically produced revolvers was 598k... about half of which were 22s. Total revolvers produced chambered in 357 Magnum was 108k... most of which are Ruger and Smith.
Out there right now are AT LEAST 566k guns that were documented to be manufactured through 1985... there was still 10 years more production through 96. So... 750k Pythons?
Colt is selling a $1,500 revolver... at a time when very few people are actually buying revolvers and the average selling price is far lower... So realistically... they will sell 20k? (in the next 12 months)? 20k is not going to crush a market of 750k guns.
@JohnnyB If you want one for $1,200, I should be able to get you one.
Link to production numbers... https://www.coltforum.com/forums/python/76319-python-annual-production-numbers-1985-a.html