US Grant’s revolvers sold for over 5 million dollars

[PathfinderNC]

This is remarkable!

https://www.wane.com/news/top-picks...ring-5-17-million-at-rock-island-auction/amp/

 

[deerstalkert]

wonder if there is a buyer's premium on top of the sale price?
that is a lot of cabbage but how can one price history? this way I suppose?

 

[SDSmlf]

Likely not purchased for everyday shooting, but if you got the money to burn……

 

[kh54]

Maybe a cousin in Texas helped line up the deal.

 

[PathfinderNC]

Maybe a cousin in Texas helped line up the deal.

Very good one

 

[ADK Bigfoot]

That's a lot of Venmo!

ADK Bigfoot

 

[cw1873]

wonder if there is a buyer's premium on top of the sale price?
that is a lot of cabbage but how can one price history? this way I suppose?

That includes the premium, the hammer price was $4.4M.

 

[TFoley]

I'm amazed they sold for anything like that, after all, they are pretty old now........................................

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[sheriff john]

I've been following their auctions for a little while. I can't even afford their printed catalog.

 

[EDGE]

wonder if there is a buyer's premium on top of the sale price?
that is a lot of cabbage but how can one price history? this way I suppose?

Good you tube video. Actual auction price was 4.4 million. 5.1 million is with fees.

 

[Robby]

When the world market place is going down the drain, the wealthy buy up art and other rare collectables, never fails.
Robby

 

[LME]

wonder if there is a buyer's premium on top of the sale price?
that is a lot of cabbage but how can one price history? this way I suppose?

I saw where the pistols sold for a little over $4,000,000 the the over all price was just over $5,000,000? If this is correct the house made a little over $1,000,000? I am sure some one here knows the true story?

 

[TFoley]

I saw where the pistols sold for a little over $4,000,000 the the over all price was just over $5,000,000? If this is correct the house made a little over $1,000,000? I am sure some one here knows the true story?

Nothing unusual about that price difference. Here in UK some auction houses charge 25% commission PLUS 20% sales tax. If you sell a million-dollar gun it costs the buyer $1,450,000.

Trust me, the buyer got them cheap.

 

[nhmoose]

And the house earned that money.

 

[B P Arn]

When the world market place is going down the drain, the wealthy buy up art and other rare collectables, never fails.
Robby

It pays to work hard, save money, and invest wisely.

 

[frankie]

wonder if there is a buyer's premium on top of the sale price?
that is a lot of cabbage but how can one price history? this way I suppose?

I have heard buyer has to pay around a 15% buyers fee. That's the reason I quit bidding at $3 million, or maybe it was just $3 dollars.

 

[user 33697]

I hope the buyer doesn't get the urge to load and fire these two shooters.

 

[PathfinderNC]

I hope the buyer doesn't get the urge to load and fire these two shooters.

Ah it would be fine if he uses Pyrodex

 

[Omahkapi'si]

Wow.

 

[waarp8nt]

Pretty good investment if you ask me, like land they simply are not making in more Grant pistols.

You never know about auctions. Went to Missouri auction school back in 86, seen tobacco auctions, worked antique, coin, car land and gun auctions. I'm not rich, but I certainly don't like to let my money set around at zero point nothing interest and just for comparison a local gun auction gets 15 percent commission to the buyer and only 5 percent to the seller.

I bid $5000 on one of Ed McGivern pistols and was quickly passed up as the final price was just over $15,000.

Later on another auction I bid on Elmer Keith's Marlin .44 Lever Action. My bid was in the $2400 range and it basically sold for the next bid higher. Cheap in my opinion, but being a poor boy I have my limitations.

Also, placed a bid on a rough 1803 Harpers Ferry and thought sure it would bring $500 to $600, even called the auctioneer to arrange shipping directly to home since it was a pre 98...I stopped bidding at $900. It brought over $1200. I sent the auctioneer an email congratulating him for a job well done!

I've won a Great Western Gunworks original Hawken style rifle, an original Fowler and a couple nice T/C rifles. Lots of fun on a limited income.

Congratulations to the buyer of the Grant pistols!