Most Expensive Gun Sold at Auction for $1.26 Million

By Jenn Jacques

The Rock Island Auction Company has set the record for thee most expensive single firearm to ever sell at auction. The Winchester 1886 rifle, which was presented to the man who captured Apache leader Geronimo, was sold by RIAC for an astounding $1.26 million dollars in their 2016 April Premiere Firearms Auction.

“It is an honor to be entrusted with an American treasure,” stated RIAC President Kevin Hogan. “Being serial number one and possessing such outstanding condition would alone be enough to draw six figures at auction. When you add one of the most famous names in the history of the Old West you have a huge crossover appeal and set the stage for something special to happen.”

The world record sale comes off the heels of Rock Island Auction Company’s record setting 2015 sales total of $51 million, tops in the firearm auction industry.

It also ties closely to the FBI’s report listing March 2016 as the 11th consecutive month of NICS background checks where each month’s total is larger than the same month a year prior.

“For decades firearms have provided an alternative form of investment and this is clear proof of that,” says RIAC …Read the Rest

Source:: Bearing Arms