Companies and Brands

Why Is the NRA Auctioning Off Guns?

Thinkstock

One of the latest promotions to NRA members is the chance to win a gun. Presumably members of the National Rifle Association already own guns, which makes them good targets for the promotion. However, there have to be reasons beyond this.

The first advantage to the NRA is that the program is not a free giveaway. Members bid against each other for rare guns or ones that are extremely powerful. The yield of the bids goes into the NRA coffers:

All auctions end on the final day of the NRA Annual Meetings & Exhibits, Sunday, May 22, at 3:00PM EST. 100% of the winning bid supports the NRA’s efforts to protect our Second Amendment rights, especially critical in this election year.

The gun makers that participate get exposure. These include Remington, Berreta and Browning. The guns are not cheap. The latest bid for a Browning M1919A4 .22LR is $2,525. The latest bid for the Springfield 1888 Trpdr 4570Govt is $5,001.

The guns can be seen up close at the NRA’s 145th Annual Meeting and Exhibits. The promotions may draw people to the event, although it is already underway

The most important part of the bidding process is that the Fire Arms for Freedom promotion “tethers” members to the organization. Like any other nonprofit, the NRA wants to make sure people stay members for years to come. The Fire Arms for Freedom program meant to protect Second Amendment rights plays to an issue that is core to people who are already part of the NRA, as any business school professor would point out.

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.