From DCXposed:

Police stood in awe as gun enthusiasts and collectors waved wads of cash for the guns being held by those standing in line for the buyback program.

John Diaz, Seattles Police Chief,  wasn’t pleased with the turn of events stating “I’d prefer they wouldn’t sell them,” but admitted it’s perfectly legal for private individuals to buy and sell guns, FOR NOW. Mayor Mike McGinn said at a news conference the private transactions are a loophole that needs to be closed. “There’s no background checks, and some (guns) could be exchanged on the streets that shouldn’t be in circulation.”