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  • September 21, 2011

    Cali Paterson Colt Revolver Fetches Nearly $1 Million at Auction

    By Editors

    The gun recognized as one of the greatest Paterson Colts fetched a record $977,500 at auction in Dallas at Heritage Auctions on Sept. 18, the most a single firearm has ever fetched at open auction. It surpassed the previous record firearm auction price of $920,000, also for a Colt revolver. The buyer of the Paterson Colt was identified only as a “Silicon Valley mogul.”

    The entire Cali collection sold extremely well, a testament to collector Al Cali’s eye for quality according to Greg Martin of Greg Martin Auctions. In addition to the Paterson Colt, a pair of revolvers tied for second highest price at the sale at $805,000 apiece, both well above their pre-auction estimates. One was a cased, engraved presentation Model 1861 New Model Navy; the other, a cased ivory-gripped Colt Third Model Dragoon revolver, engraved by Gustave Young and inscribed to “Colonel P.M. Milliken.” The “Thumbprint Walker” brought $690,000.

    For details and photos of the Paterson, the 1861 Navy, the Dragoon, the Tumbprint Walker and other amazing items from the Cali Collection, click here or on the photo above.

  • February 25, 2011

    Random Thoughts: Fine Guns and Mixed Martial Arts

    By Phil Bourjaily

    Fine English shotguns are a hot commodity, says Time magazine. Investors seeking to diversify their portfolios after the disasters of the last couple of years have discovered the fine gun market. The limited supply of fine guns – most makers build very few guns a year – keeps the market strong.

    For instance, thirteen of Eric Clapton’s guns, including a pair of specially engraved William Evans doubles, recently brought over $700,000 at Sotheby’s.

    Fine English doubles are appreciating at 3 to 5 percent per year, which isn’t much, but it’s steady. Besides which, in the event of complete global ruin, you have a gun – albeit one that only holds two shells.

    * * *

    It is unfortunate with all the attention brought to New York slasher Maksim Gelman, we don’t hear as much about Joe Lozito, the man who helped disarm him in a bloody fight on the subway. Lozito says years of watching Mixed Martial Arts helped him survive.

  • May 27, 2010

    How to Shoot a Magazine for Fun and (Maybe) Profit

    By Phil Bourjaily