Currently the market for guns and especially beat up old SxS shotguns (no offence intended, just saying it like I see it) has pretty much tanked. After seeing the photos, IMHO even 50K would be a damn good price to get... YMMV
A dealer would typically offer 20% less than market value, as he has to take the risk of buying and stocking it, in the hope that he can make a quick and profitable sale. After all he is in the business to make a profit
The market value of imported firearms has been on a downward trend for the past few years, especially since 2016. There are many factors responsible for this:
1) Far fewer fresh licenses being issued
2) Increased renewal fees and late renewal penalties (per Arms Rules 2016), led many old timers to start selling off their firearms
3) Poor state of the Indian economy these past few years
4) Lastly, with the recent Arms Act Amendment (December 2019), many people are being forced to part with one of their guns, to stay within the (new) limit of two guns.
While 1 & 3 limit demand, 2 & 4 mean that there are many more guns coming up for sale, i.e. more supply.
Wish you luck with the sale.
If you wish to put it up for sale here, DO REMEMBER to adhere to the rules regarding putting up free classified adverts on this website (see
viewtopic.php?f=1&t=15160 )
Cheers!
Abhijeet