$2,300 Peerless 7?

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G-ManBart
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$2,300 Peerless 7?

#1

Post by G-ManBart »

Okay, I have to be missing something. Last night I watched a Peerless 7 in what I would describe as gently used condition, sell for $2,100 + 10% buyer's premium, so $2,310. I have a 1.5A, and it's a nice reel, but $2,300 for a 7? I know they didn't make many, but the last couple I saw sell went for well under $1K. Am I that far out of touch?

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Re: $2,300 Peerless 7?

#2

Post by AlexP »

Hello, I just saw a Peerless on social media from a dealer priced at $750. Not sure the model, but it was up to 4 wt lines.

I am not expert, but the few I have seen in the last couple of years were South of $1,000 as you stated.

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Re: $2,300 Peerless 7?

#3

Post by SpringCreek »

Don't know where this reel was sold at but I've never seen a price anywhere that high, even for the Peerless prototypes that sold a few years ago. I own a Peerless 7 and corresponded with Bob about it. During that exchange he told me there were 140 reels made. I've looked for one for some time, as I would like to someday own a second but have rarely seen any for sale.
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Re: $2,300 Peerless 7?

#4

Post by G-ManBart »

SpringCreek wrote:
04/30/22 19:50
Don't know where this reel was sold at but I've never seen a price anywhere that high, even for the Peerless prototypes that sold a few years ago. I own a Peerless 7 and corresponded with Bob about it. During that exchange he told me there were 140 reels made. I've looked for one for some time, as I would like to someday own a second but have rarely seen any for sale.
This one was sold on HiBid. Two bidders got in a bidding war starting with a minute to go...it was nuts to watch!
Last edited by Titelines on 05/01/22 09:03, edited 1 time in total.
Reason: Deleted link to auction

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Re: $2,300 Peerless 7?

#5

Post by AlexP »

Any idea the potential value of the South Bend reel included in the lot?

Thanks
Last edited by AlexP on 05/01/22 09:16, edited 1 time in total.

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BigTJ
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Re: $2,300 Peerless 7?

#6

Post by BigTJ »

You are not out of touch at all. I bought one two years ago on the forum for $700. The seller didn’t accurately describe the condition but I kept it because they are pretty rare. The few I’ve seen come up for sale have all been around $750. I think that’s about right, maybe a bit more for somebody who really wants one, but $2,300 is nuts.

John
Last edited by BigTJ on 05/01/22 14:06, edited 1 time in total.

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Re: $2,300 Peerless 7?

#7

Post by G-ManBart »

AlexP wrote:
05/01/22 08:16
Any idea the potential value of the South Bend reel included in the lot?

Thanks
$20 give or take from what I've seen.

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cdmoore
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Re: $2,300 Peerless 7?

#8

Post by cdmoore »

Was it a charitable auction by any chance? Sometimes superfans will bid very high for sport and bragging rights while helping out their fave org.

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Re: $2,300 Peerless 7?

#9

Post by G-ManBart »

cdmoore wrote:
05/01/22 20:49
Was it a charitable auction by any chance? Sometimes superfans will bid very high for sport and bragging rights while helping out their fave org.
No, it was a normal estate auction and two guys clearly got into a bidding war. One guy was trying to snipe the reel at the last second, but there was a soft close so each time he did that it bumped the clock by a couple of minutes and the other guy would increase his bid by a few hundred dollars (he ultimately won).

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Re: $2,300 Peerless 7?

#10

Post by PYochim »

$2300.00 is not nuts if you want the reel bad enough. Peerless reels are no longer made. I sold a 2A a while back because I didn't use it anymore. The 2A is not as desirable as the raised pillar 7 but it did hold its value and there is a market for it. It sold pretty fast.

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Re: $2,300 Peerless 7?

#11

Post by Mike N »

I have been collecting vintage reels for over 30 years and nothing surprises me any more. It’s all a matter of where you want to allocate your discretionary income. When you go back to your $800 a night fly fishing lodge after a day of guided casting and the guy next to you asks, “What reel did you fish with today?” it may be worth a few grand to some guys to be able to reply, “A Peerless No.7.” I’ve seen it with shotguns and upland bird hunting,

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Seabowisha Salmo T
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Re: $2,300 Peerless 7?

#12

Post by Seabowisha Salmo T »

Mike N wrote:
05/02/22 09:01
I have been collecting vintage reels for over 30 years and nothing surprises me any more. It’s all a matter of where you want to allocate your discretionary income. When you go back to your $800 a night fly fishing lodge after a day of guided casting and the guy next to you asks, “What reel did you fish with today?” it may be worth a few grand to some guys to be able to reply, “A Peerless No.7.” I’ve seen it with shotguns and upland bird hunting,

Mike N.
hello; planes, boats, horses, trophy wives . . . . .

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Re: $2,300 Peerless 7?

#13

Post by BigTJ »

PYochim wrote:
05/02/22 08:51
$2300.00 is not nuts if you want the reel bad enough. Peerless reels are no longer made. I sold a 2A a while back because I didn't use it anymore. The 2A is not as desirable as the raised pillar 7 but it did hold its value and there is a market for it. It sold pretty fast.
Regarding the ridiculous price paid for the 7, for those with more money than brains I suppose it’s not nuts. For the rest of us, it would be easier and far less of a hassle to shove $1,500 into a paper shredder.

Cheers,

John
Last edited by BigTJ on 05/02/22 19:34, edited 4 times in total.

drifly
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Re: $2,300 Peerless 7?

#14

Post by drifly »

I’ve got one in very, very good condition save a couple of sliding band marks on the foot that I’d let go for half that if anyones interested!

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Re: $2,300 Peerless 7?

#15

Post by PYochim »

drifly wrote:
05/02/22 19:18
I’ve got one in very, very good condition save a couple of sliding band marks on the foot that I’d let go for half that if anyones interested!
The asking price on your reel just increased, thanks to the guy who paid $2300 for one.

Why is that those willing to pay top dollar for a piece of gear are sarcastically described as having more money than brains?

Price is what you pay, value is what you get.

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Re: $2,300 Peerless 7?

#16

Post by AlexP »

I've heard that the buyer is keeping the South Bend reel and selling the Peerless for $299. Shipping to CONUS included.



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Re: $2,300 Peerless 7?

#17

Post by kakaryan »

Not worth it. Not to mention the Peerless finish is not as good as Saracione, and for a used Saracione, I'd only pay less than $1000. ( I got my Mark IV 4in for ~$800 2 years ago)

There was a Peerless 6 I was watching last week, very mint, with original box, pouch, paper work, and an additional leather reel case. Auction ended in $400USD and only 1 bid. I was tempted to place a bid, but considered the build is not as good as the Saracione I have, not to mention my Bogdan. I'd just pass.

$2,300? What a joke. :lol For that $$ I'd get a Bogdan or Vom Hofe.

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Re: $2,300 Peerless 7?

#18

Post by creakycane »

The 7 is a relatively scarce raised pillar Peerless, seen much less frequently than the smaller 7M and the little 77. I find the 7M to be the perfect, light 4 wt reel with backing, that can fit a 5 with minimal backing. ive Never put a line on the 7, but if I needed a light 6 wt reel, it might work. Its always felt “big” to me. I’d say 1250 would be a more customary strong sale price for a 7 in Exc condition.

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Re: $2,300 Peerless 7?

#19

Post by reelsmith »

Maybe the bidders thought it was a crazy rare raised pillar EVH Peerless ? :rollin

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Re: $2,300 Peerless 7?

#20

Post by Seabowisha Salmo T »

reelsmith wrote:
05/04/22 08:09
Maybe the bidders thought it was a crazy rare raised pillar EVH Peerless ? :rollin

Dean.
:rollin :rollin :rollin :rollin

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