Purchasing a firearm at an auction is an excellent way to acquire rare and historic guns. Buying and selling guns is regulated by state and federal laws. The same laws apply when purchasing a gun at an auction or gun store. Be prepared to wait 24 hours after purchasing a long gun and 72 hours for a hand gun before receiving the firearm. Illinois requires any Illinois resident purchasing a firearm or ammunition to show a valid Firearm Owners Identification (FOID) card. Lehde Auction Service has obtained the FFL license and will do all the transfers on firearms sold at auction.