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History Sells in $14.5 Million September Gun Auction

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09/13/2017

History Sells in $14.5 Million September Gun Auction

Winchester rifles

 

It didn’t matter the genre. Select one of your choice and historical items could’ve been seen and found making an impact come auction time. Thanks in part to the fantastic NINE collections featured in the sale, collectors of every discipline had their pick of high condition firearms and those with a historical significance. The lush pickings led directly to another wildly successful weekend and a realized total of $14.5 Million for the auction house on the Mississippi.

Over 450 Winchesters graced the sale, so finding history there was no problem – even the early Volcanics were complimented by a fascinating assortment of cased daguerreotype images. Leading the way in lot 1016 was silver plated, first year production Henry rifle with the supremely low serial number of 17. That number is so low, in fact, that they were still presenting Henry rifles to men of great importance such as President Abraham Lincoln and Secretary of War Edwin Stanton. The significance was as easy to see as the glints off the silver finish and the “damned Yankee rifle” saw a realized price of $276,000. The rarity and high condition was plentiful even in the accessories. Collectors were quick to capitalize on the opportunity and the early Winchester bullet board in lot 19 was snatched up for $37,375. The Collection of Vernon J. Berning proved to be a boon for dozens of happy collectors.

gold inlaid and engraved Winchester 1886 rifle

Lot 1025: This beautiful and rare Winchester 1886 deluxe sold for $172,500

 

If you can believe it, the Colts in the sale were even more abundant than the Winchesters. They numbered more than 600 and were led by items from the Robert M Lee Collection. One of these Colts had the honor of carrying the highest sale price of the entire auction. In lot 3169 was “an absolute icon in the pantheon of fine 19th century American arms.” Previously part of the William M. Locke and Warren Anderson Collections, the well documented Colt 1860 Army is arguably the finest of its kind in existence and easily the best accompanied by its matching shoulder stock. Featured in numerous books and publications, the competition was fierce for the well-known and highly sought cased revolver. Bidding quickly shot over the $280,000 high estimate and a bidding battle of juggernauts erupted. The heavy hitters went back and forth until finally the stunning cased set became the cornerstone in a new collection for $506,000. Other Colt revolvers of note were lot 1230’s deluxe engraved, blackpowder, nickel finished Colt Single Action Army that brought $86,250, and a spectacular gold Damascene Colt Third Model Hartford London Dragoon revolver that satisfied someone’s gold fever for $74,750.

 

cased Colt 1860 Army

 

Easily the most exciting portions of the auction were those that offered the Class III firearms. The phone bank was buzzing with live bidders across the country and even the live internet bidders couldn’t pass up on the action.  Bids were flying in from all corners of the room and watching the auctioneers match the energy in the room made for an unforgettable atmosphere. With this kind of activity RIAC should definitely be the first place on anyone’s mind seeking to consign a machine gun or other NFA item.  The top item in this category was an early production Colt Model 1921 Thompson submachine gun originally shipped to a police captain in Detroit, MI. The winning bid would come from a live internet bidder who won his very own “Chicago Typewriter” for $63,250.

Johnson M1941 LMG

Also of note, this Johnson M1941 LMG brought an attractive $63,250. Another highlight of the NFA items offered.

Other strong showings were made by the Smith & Wesson revolvers of the Chad Gripp Collection and 1911 pistols. Leading the way for the beloved wheel guns was the Registered Magnum owned by Hollywood star Gary Cooper that brought $57,500, and a fantastic master engraved and gold inlaid .357 Magnum depicted numerous North American big game animals that bagged and tagged its $27,500 high estimate en route to a $51,750 realized price.

Earning similar enthusiastic bidding, 1911 pistols seem to be growing more popular with every auction, driving their prices to new levels. Indicative of this fact was the Singer M1911A1 with its mysterious sweetheart grips that found $69,000, or the first year production, 3-digit serial number Colt 1911 Navy Contract pistol that sailed off for $17,250.

S&W master engraved and gold inlaid 357 magnum

 

When combined with the Thursday Preview Day, and its well-attended annual Barbecue, the auction was a much anticipated event that exceeded expectations. The historic items that permeated the event drove a great deal of interest, and when combined with other superior condition items from lifelong collections, the summer definitely ended on a splendid and successful note.