Kent’s Note: This story comes from a Rock Island Auction Co. press release
ROCK ISLAND, Ill. — A rare Colt revolver was sold this past Friday by Rock Island Auction Company for $1.84 million, breaking the world record for a single firearm sold at auction. The firearm is a rare Colt Model 1847 “Walker” and it is thought that less than 100 were ever produced for the civilian market.
This is the only known example in an original case. This holy grail of collector firearms was the flagship of the April 13-15 event.
“This is a major milestone in the collecting community,” said RIAC President Kevin Hogan. “Not only is this a world record for a single firearm at auction, but further demonstration that the art and history in firearms is really catching fire. We value so strongly the aesthetics, history, and craftsmanship of paintings, fine automobiles and watches, but firearms that possess those same traits remain remarkably undervalued. It’s an exciting time to see the collector market making that discovery for itself and beginning to take advantage.”
The company has a history of setting exciting world and industry records. RIAC made similar news in 2016 by selling a Winchester rifle with ties to Geronimo for $1.2 million and has sold numerous other significant items such as Teddy Roosevelt’s golden hunting knife and a M1 Garand rifle belonging to John F. Kennedy.