Sunday, April 20, 2014

Wyatt Earp gun sells for $225,000 at auction - video

An auction of memorabilia tied to legendary Arizona lawman Wyatt Earp drew more than 6,400 online bidders and more than 400 collectors to a lively, standing-room-only auction house here Thursday night. Headlining the auction was a Colt .45-caliber revolver that descendants of Earp say was carried during his time in Tombstone, Ariz., and possibly used in the shootout at the O.K. Corral. It sold to a New Mexico phone bidder for $225,000, far exceeding the pre-auction estimated high value of $150,000. The audience hooted and hollered appreciatively. "I think we crushed it," said Josh Levine, owner of J. Levine Auction & Appraisal. "I was happy the fair market really decided what these items were worth. I had no idea whether these items were going to sell." Among those who took home pieces of iconic Wild West history was John Anderson, a founder of Isagenix International in Chandler, Ariz. He outbid others to snag Earp's Winchester lever-action shotgun for $50,000 though its high value was at $125,000.  The collector of antique guns also picked up a Remingtonball and cap revolver belonging to Earp's lawman grandfather for $12,000 and the vast archive of three-time Earp author Glenn Boyer for $55,000. The Colt .45-caliber revolver that sold to the New Mexico bidder was considered controversial because its serial number was rubbed off and the gun's barrel, cylinder and grips had been replaced. Other notable items in the auction included a Colt revolver belonging to Earp's brother, Virgil, that sold for $37,500, exceeding its estimated value of $30,000...more

No comments: