About Rock Island Auction Company
Pat Hogan, founder of Rock Island Auction Company, grew up on the south side of Chicago in a large family. His father passed when was just 15 years old, so Pat stepped-up to help financially support the family by taking part-time work while finishing high school, quickly establishing his relentless work ethic at a young age. After attending Illinois State University for two years, Pat joined the Navy in the fall of 1974 and became a machinist’s mate on a fast attack nuclear submarine and worked on its nuclear reactor. He would receive his Honorable Discharge for a non-combat sustained injury.
His military career over, he would return to college, but again find himself leaving the confines of the Windy City to own and operate a carwash/gas station in the Quad Cities. It would be the first of a string of successful business operations. Whether it was gas stations, car washes, a video rental chain, a photo processing business, or even a photography studio, Pat Hogan has found a way to make his businesses thrive and grow, frequently earning awards and accolades along the way. Not even 4th stage, non-Hodgkins Lymphoma could keep down the former Navy man.
In the early 90’s the photography side business would burgeon into an entity of its own as Pat began producing and designing auction catalogs for two other auction companies. In 1991 the business would produce two books on firearms, Luger: The Multi-National Pistol and U.S. Automatic Pistols. Two short years later, Rock Island Auction Company was born and held some of their first auctions in the garage of one of Mr. Hogan’s other businesses. From these humble beginnings, the seeds of further success were sown for collector firearms auctioning.
The World Leader for Antique Firearms
In 10 short years since its inception, Rock Island Auction Company became the #1 firearms auction house in the world, an undisputed position the company has held ever since. RIAC has set numerous world records for individual pieces as well as industry records for annual sales, often breaking their own records again and again for antique and collector firearms.
- 2004: $14.6 million
- 2005: $16 million
- 2006: $19 million
- 2007: $28.6 million
- 2008: $31+ million
- 2009: $28 million
- 2010: $32 million – Setting the industry record!
- 2011: $32 million
- 2012: $47 million – A new industry record
- 2013: $48 million – Another new record
- 2014: $47.5 million
- 2015: $51 million – Another record smashing year!
- 2016: $63 million – An unprecedented success
Such progress has pushed the company into larger accommodations two separate times, including a 2011 move into RIAC’s current state of the art, 86,000 square foot facility. Nestled in the heart of the Midwest, 160 miles west of Chicago, it is the finest brick and mortar auction house in North America.
In 2016, Pat Hogan named his son Kevin as President of Rock Island Auction Company, while staying on board with the company as its Chief Executive Officer. In the first year since assuming the helm, Kevin has overseen the single highest auction total in company history, the highest annual sales total in company history, and both of the company’s highest selling single items, including a world record for the most valuable single firearms ever sold at auction.