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Title: Historic 1886 Winchester rifle draws world record-breaking $1.2 million at auction
Source:
The Washington Times
URL Source: http://www.washingtontimes.com/news ... ter-rifle-draws-world-record-/
Published: May 15, 2016
Author: Jennifer Harper
Post Date: 2016-05-15 10:17:05 by Stoner
Keywords: None
Views: 922
Comments: 4
It has a fine walnut stock, a blue finish and a very simple inscription that reads “Albee to Lawton.” But this 19th-century rifle has become the most expensive single firearm ever sold at auction according to the Rock Island Auction Company, which recently sent the historic piece to a new destiny with an undisclosed buyer. The price: $1,265,000. “Other guns have sold higher as a pair, but no other single firearm surpasses this new world record. It was an honor to be entrusted with an American treasure,” said Kevin Hogan, president of the Illinois-based company. The rifle itself was a gift from one Congressional Medal of Honor winner to another. U.S. Army Captain Henry Ware Lawton and Lieutenant George E. Albee had been brothers-in-arms during the Civil War. The former continued his military career and saw combat in the Indian Wars, the Spanish American War and the Philippine American War. The latter went to work as a designer for the Winchester Repeating Arms Company. After Lawton led a grueling but successful expedition which resulted in the capture and surrender of Apache leader Geronimo is 1886, his old friend was inspired to find a suitable recognition for the deed. His choice? The “Winchester Model 1886 Sporting Rifle (serial number 1)” which he obtained by virtue of his standing in the company. The gun survived in excellent condition. “Perhaps telling that the gift is between two military men, the gun is not bathed in precious metals or covered with elaborate engraving. On the contrary, the gun remains quite handsome in its original configuration, and in near mint condition. The case hardening is vivid and is still abundant,” the bidding notes explained. One hundred thirty years later, the rifle went up for auction. The auction company showcased the gun in late April, along with a pocket watch and a collection of historic documents. They expected the items to bring about $500,000; they drew well over twice that. “Being serial number one and possessing such outstanding condition would alone be enough to draw six figures at auction. When you add one of the most famous names in the history of the Old West you, have a huge crossover appeal and set the stage for something special to happen,” Mr. Hogan said. Find a comprehensive history of Lawton, Albee and the events here. Find the official description of the rifle here and a six minute video here Meanwhile, the Rock Island Auction Company reports it enjoyed $51 million in sales last year. “For decades firearms have provided an alternative form of investment and this is clear proof of that. With firearms sales spiking in the previous two presidential election years and the new world record price, the future appears extremely rosy for the gun collecting market,” Mr. Hogan observed.
Man, sure would like to have been the proud owner of that piece before going to auction.
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#1. To: Stoner (#0)
Would it have been worth less if it were kept in as good a condition as most loved arms are? By my eye on the video, it looks like it could use some spit shinin', then again I am quite often wrong.
Wouldn't want to wear off the bluing of that awesome mottling. Just a light dusting with a oily flannel every decade or so. It's too dang rare to do anything with. It's a beautiful thing. I would have thought that the employee from Rock Island Auction Company would have worn some kind of gloves while handling it. Like the retired US Army Colonel ( can't remember his name ) that used to do all the TV shows about firearms. Si vis pacem, para bellum Those who beat their swords into plowshares will plow for those who don't Rebellion to tyrants is obedience to God. There are no Carthaginian terrorists. President Obama is the greatest hoax ever perpetrated on the American people. --Clint Eastwood "I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#2. To: hondo68 (#1)
#3. To: jeremiad (#2)
it looks like it could use some spit shinin'
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#4. To: hondo68 (#3)
" Wouldn't want to wear off the bluing of that awesome mottling. Just a light dusting with a oily flannel every decade or so. It's too dang rare to do anything with. "
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