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Record Single-Action Colt Sold

$862,500. Since its discovery in 1925, only five collectors have owned this Colt handgun.

On January 18, Greg Martin Auctions sold the 77-lot Buck Stevens collection of Colts, including an 1873 Colt single-action Army revolver, serial No. 1. Nicknamed the "Peacemaker," it sold for $862,500 (including buyer's premium), which was within the broad $500,000/1 million estimate but still established a record price for a single-action firearm sold at auction. The revolver had previously sold at Christie's in 1987 for a then-record $242,000.

The Greg Martin sale, held in Las Vegas, Nevada, totaled more than $3 million in sales, with a 95% sold percentage, according to the auction house.


Originally published in the March 2009 issue of Maine Antique Digest. (c) 2009 Maine Antique Digest



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