PRESS RELEASE – Egyptian Armor Sells for $2.3M
Egyptian Armor Sells for $2.3M at Rock Island Auction Co.
ROCK ISLAND, Ill – A shirt of Egyptian armor incorporating gold inlaid plates sold for $2.3M at Rock Island Auction Company’s 2015 December Premiere Firearms Auction. Dating to the 15th century, the armor is attributed to popular military powerhouse and architectural patron Qaitbay, Sultan of Egypt. The shirt had a conservative high estimate of $500,000 and sold to a U.S. buyer.
“We are thrilled with the results of this auction, and especially with the historic armor,” said Owner and President Patrick Hogan. “These strong results provided yet another record-breaking year for Rock Island Auction Company. We were able to surpass $51 million in annual sales, something no other firearms auction house has approached, and maintained our place as the #1 firearms auction house in the world for a twelfth straight year. This also has immensely positive implications for the growth of firearm collecting as a whole.”
The auction saw a realized total of nearly $15 million dollars, finishing 2015 with a flourish by drawing thousands of bidders from more than 21 countries. The over $51 million in annual sales is the highest amount ever achieved for a firearms auction house. Other notable sales in the auction were a group of 19 historical Imperial German trophy mounts that sold separately for $420,612, and an engraved Winchester lever action rifle inlaid with gold that brought $207,000.
About Rock Island Auction Company
Rock Island Auction Company is the world’s #1 auction company for firearms, bladed weapons and militaria. Founded in 1993 by its current Owner and President Patrick Hogan, RIAC continues to set records for sales and to lead the industry with its extensive and beautiful marketing efforts. Their 86,000 square foot facility hosts 5 auctions each year. They actively seek consignments, be it a single weapon or a collection of hundreds, a thousand dollar item or one million. For more information, please visit www.rockislandauction.com or call 1-800-238-8022.