Only three Freund Single Action Colts are currently known to collectors. The engraving of the revolver is attributed to Frank Freund. A gold-tooled leather case was made to display the revolver in a regal manner. In excellent condition, the revolver had the added feature of a notarized letter of its history, having been won at a raffle in Leadville, Colorado, in the late 1880s. 83639 is the most elaborate of all Freund revolvers, including a faceted hammer design and the original owner’s monogram. Featuring classic refinements and engraving by the Freunds, No. Lot 77 – $241,500: From the historic Freund Brothers Frontier Armory was Single Action Army revolver, No. The price set a new world-record price for a Colt Single Action sold at auction. A gold-tooled and inscribed leather case was custom made by Arno Werner Bookbinders to showcase the rarity and significance of this important and historic Colt. 1 is an American icon, and among the most revered firearms ever manufactured. As the first in the unique production run of Single Action Army revolvers – and its copies – No. Celebrated since its discovery in 1925, only five collector owners had possessed this national treasure Colt handgun. 1 Colt Single Action Army “Peacemaker” revolver.
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Lot 51 – $862,500: The most famous firearm in the Buck Stevens Collection is the Serial No. “These items are rarely available in the marketplace – and when they are, buyers recognize the exceptional opportunity and turn out enthusiastically to bid.” “Seldom do collectors in this segment have a chance to buy prototypes, experimentals and one-of-a kind pieces,” he said. Antique arms continue to be an excellent store of value and asset preservation.” Martin noted that, not only antiques from the Great American Wes,t but the more modern firearms featured in Part One of the Colt Factory Archives Collection, proved to be very popular. “Even in a bad economy, great firearms still sell – and at record prices. “Quality and rarity attract buyers,” said Martin. Greg Martin, principal owner of the company bearing his name, was very pleased with the auction – but not surprised at the results. Parts Two and Three of the Colt Factory Archives Collection will be sold by Greg Martin Auctions later this year. Part one of the collection offered 430 lots – mostly from the 20th century, including prototypes, experimental firearms and factory samples – and the “Last Gun Made in Hartford.” Lots were very well received by buyers, realizing a stunning 97 percent sell-through rate. The reference collection included prototypes, production models, samples, presentation and engraved pieces and miscellaneous arms.
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Offered to the collecting public in three parts, the collection features over 1,200 lots, from the Colt factory’s earliest years through today. The second assemblage showcased – the Colt Factory Archives Collection – presented firearms unique in American history. 1 stole the show – realizing $862,500 and a new world-record price for a Colt Single Action firearm sold at auction. When the auctioneer’s gavel came down, Serial No. Called the “Peacemaker” and celebrated as an icon of American arms collecting, this Colt Revolver, along with extensive background material and its custom gold-embossed display case, was estimated to bring $500,000 – 1,000,000. The Buck Stevens Collection of Fine Colts offered 77 lots of unique firearms, including one of the rarest arms in existence – the historic Colt Single Action Army Revolver Serial No. The auction – perhaps the largest sale ever of Colt firearms to come under the hammer at once – featured two exceptional collections of Colts. An amazing 95 percent of all lots that came up for bid were sold.
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Intended to dovetail with the Las Vegas Antique, Sporting Arms and Custom Knifemakers Show on Jan 16-18, the Greg Martin Auctions event was a rousing success with more than $3 million in sales, including a world-record auction price for a Colt Single Action firearm. 18 marked the first time that Greg Martin Auctions held a sale in Las Vegas, it’s unlikely to be the last.