{"id":51761,"date":"2023-01-02T02:00:34","date_gmt":"2023-01-02T07:00:34","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/theodore-roosevelts-smith-wesson-revolver-fetches-nearly-1-million-at-auction-fantastic-condition-51761"},"modified":"2023-01-02T02:00:34","modified_gmt":"2023-01-02T07:00:34","slug":"theodore-roosevelts-smith-wesson-revolver-fetches-nearly-1-million-at-auction-fantastic-condition","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/theodore-roosevelts-smith-wesson-revolver-fetches-nearly-1-million-at-auction-fantastic-condition-51761","title":{"rendered":"Theodore Roosevelt\u2019s Smith & Wesson revolver fetches nearly $1 million at auction: ‘Fantastic condition’"},"content":{"rendered":"
\n

A gun belonging to former President Theodore Roosevelt<\/a> was auctioned off recently for nearly $1 million.<\/p>\n

Roosevelt\u2019s iconic Smith & Wesson New Model No. 3 Single Action Revolver sold for $910,625 at Rock Island Auction Company\u2019s<\/a> December Premier Auction.<\/p>\n

The total realized price was within its estimated value range of $800,000 to $1.4 million, according to information shared with Fox News Digital.\u00a0<\/p>\n

RARE CIVIL WAR, WWI MILITARY ITEMS MADE BY TIFFANY & CO. TO HIT ILLINOIS AUCTION BLOCK<\/strong><\/a><\/p>\n

Rock Island Auction Company is based in Illinois.\u00a0<\/p>\n

Joel Kolander, interactive production manager, said in an interview that this price is historically high for a collectible firearm. He also described the iconic gun<\/a> as being in “fantastic condition” even though it’s well over a century old.<\/p>\n

“We’re thrilled any time a gun approaches that million-dollar mark,” he said of the collectible.\u00a0<\/p>\n

“A few years ago that was almost unthinkable, so firearms as a collecting genre has really come a long way.”<\/p>\n

The Smith & Wesson was first presented to Roosevelt on May 12, 1898.<\/p>\n

That was the same day he left for San Antonio to train the Rough Riders, according to Rock Island.<\/p>\n

THEODORE ROOSEVELT STATUE REMOVED FROM FRONT OF NYC’S MUSEUM OF NATURAL HISTORY<\/strong><\/a><\/p>\n

Even though the intention was to carry this revolver into war against Spain, documentation from Roosevelt\u2019s bodyguard revealed that the president instead kept the gun on his bedside table.<\/p>\n

The revolver became known in the White House<\/a> as a “nightstand gun.”<\/p>\n

Ahead of the auction, Kolander mentioned that many of these historic items are often undervalued.<\/p>\n

This is, in part, because they\u2019re an “atypical canvas,” compared to other collectibles such as luxury cars<\/a> or sports memorabilia.<\/p>\n

AUCTION AMAZEMENT: BRITISH MAN TO SELL OFF COLLECTION OF AUTOGRAPHS FROM ALL 46 US PRESIDENTS<\/u><\/strong><\/a><\/p>\n

“You can be involved in several different genres of collecting and still have firearms appeal to you,” he said.<\/p>\n

“So, their undervaluing is really a little bit of a bewilderment to me,” he also said.<\/p>\n

And when it comes to Roosevelt’s gun, Kolander explained that it’s priced “remarkably low” compared to other genres, especially since it’s an item that belonged to one of the most famous presidents in U.S. history.<\/p>\n

He added that the revolver “also has a pretty intrinsic value as a high art object<\/a>.”<\/p>\n

“It shows both how far fine arms have come in recent years and how far there is to go,” he said.<\/p>\n

ON THIS DAY IN HISTORY, NOV. 21, 1864, ABRAHAM LINCOLN \u2018PENS\u2019 LETTER TO MRS. BIXBY<\/u><\/strong><\/a><\/p>\n

Rock Island Auction Company wrapped up its weekend-long auction with a volume of more than $18.3 million.<\/p>\n

“Over the span of three days, history was brought to life, with immense firearms artistry on display, and one of the most historic lineups to date,” the company said in a statement to Fox News Digital.\u00a0<\/p>\n

“This sale had it all: rarity, beauty, history and so much more.”<\/p>\n

Other historic items sold include outlaw Jesse James<\/a>\u2019 attributed Smith & Wesson Schofield revolver and holster, which fetched $152,750.<\/p>\n

A Cuno Helfricht Master engraved Colt Model 1877 Lightning double action revolver sold way past its estimate, at a realized $323,125, Rock Island told Fox News Digital.\u00a0<\/p>\n

An extremely rare, exhibition-grade Gustave Young engraved gold Winchester Model 1866 rifle gaveled for a “monumental” $211,500.<\/p>\n

Meanwhile, Abraham Lincoln’s<\/a> Civil War presentation carbine only sold for $105,000, which Kolander said “seems like a steal.”<\/p>\n

Rock Island specializes in selling fine and collectible arms as the no. 1 firearms-based auction house in the world.<\/p>\n

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER<\/u><\/strong><\/a><\/p>\n

Rock Island has been at the “top of the industry” since 2003, Kolander said.<\/p>\n

It continues to sell collectibles such as swords, military artifacts<\/a> and western art.<\/p>\n

“There\u2019s an opportunity [for bidders] in the firearms collectibles field,” he said.\u00a0<\/p>\n

“They\u2019re really undervalued.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/lifestyle\/teddy-roosevelts-smith-wesson-revolver-fetches-nearly-1-million-auction-condition <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A gun belonging to former President Theodore Roosevelt was auctioned off recently for nearly $1 million. Roosevelt\u2019s iconic Smith & Wesson New Model No. 3 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-51761","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nTheodore Roosevelt\u2019s Smith & Wesson revolver fetches nearly $1 million at auction: 'Fantastic condition' - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/theodore-roosevelts-smith-wesson-revolver-fetches-nearly-1-million-at-auction-fantastic-condition-51761\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Theodore Roosevelt\u2019s Smith & Wesson revolver fetches nearly $1 million at auction: 'Fantastic condition' - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"A gun belonging to former President Theodore Roosevelt was auctioned off recently for nearly $1 million. 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