Colt revolver sets world auction record at $1.84 million

Image courtesy of Rock Island Auction Company

ROCK ISLAND, Ill. – A rare Colt revolver was sold on April 13 by Rock Island Auction Company for $1.84 million, breaking the existing world record for a single firearm sold at auction.

The firearm is a Colt Model 1847 “Walker.” It is thought that fewer than 100 were produced for the civilian market. The example auctioned by Rock Island is the only known example in an original case. It was the centerpiece of an April 13-15 event that totaled $17.7 million, also a new record for the Midwest auction house.

“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 demonstrates 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.”

Rock Island has a history of setting exciting world and industry records. The firm made similar news in 2016 by selling, for $1.2 million, a Winchester rifle with ties to Geronimo; and has sold numerous other significant items such as Teddy Roosevelt’s golden hunting knife and an M1 Garand rifle belonging to John F. Kennedy.

To contact Rock Island Auction Company call 800-238-8022. Visit them online at www.rockislandauction.com.

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