Greg Martin Auctions’ January 18 sale shone a bright light on one of the most famous firearms ever made †the Serial No. 1 Colt single-action army “Peacemaker” revolver, which set a new world-record price when it sold for $862,500, including buyer’s premium. Intended to dovetail with the Las Vegas Antique, Sporting Arms and Custom Knifemakers Show on January 16‱8, the auction realized more than $3 million in sales and sold 95 percent of all lots.
The No. 1 Colt was the most renowned firearm in the Buck Stevens Collection; it has been celebrated since its discovery in 1925. The revolver was sold with extensive background material and its gold-tooled and inscribed leather case, which was custom-made by Arno Werner Bookbinders.
As Greg Martin, owner, said, “Quality and rarity attract buyers, and great firearms still sell †and at record prices. Antique arms continue to be an excellent store of value and asset preservation.”
A full review of the auction will appear in a future issue of Antiques and The Arts Weekly.
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