Up to 65 handguns stolen during a brazen armed robbery at a gun shop in Melbourne will end up on the blackmarket, police say.
Four men wearing balaclavas stole the handguns from the Thornbury store shortly before 11am on Monday before fleeing in a stolen vehicle, later found burnt-out nearby.
"They've obviously targeted this particular store for the hand guns and basically they'll end up on the black market," Assistant Commissioner Steve Fontana said.
The assistant commissioner said it was a real concern to the police and the offenders had managed to get a large haul in a short period.
"They knew what they were looking for so this wasn't just an opportunist type of offence," Mr Fontana told reporters.
The retail price of the handguns stolen ranges from $700 to $1800, but on the black market could sell up to $10,000.
He said no ammunition was taken in the raid.
The vehicle used in the attack was a white Toyota Kluger 4WD, which was stolen from a Glenroy address in December 2017.