2023 marks the third consecutive year that the premier firearms auction house
surpasses $100 million in sales
Rock Island Auction Company expanded their business with a 90,000 square-foot facility in Bedford Texas and realized more than $102 million in sales during its 30th year of business.
The RIAC’s three Premier Auctions each earned more than $20 million, with the highest-earning auction achieving $26.7 million.
Over the course of the year, the firearms auction house sold over 43,000 collectibles, with two historic items that led the way as RIAC’s highest earners. In December, at RIAC’s first auction in the Lone Star State, Thomas Stuart’s One of One Thousand Winchester Model 1873 sold for $528,780. In a tie for the year’s highest priced item, L.B. Parsons’ Cased and Engraved Colt Model 1860 Army revolvers, known as the Parsons Armies, also realized $528,750 during RIAC’s August Premier Auction.
“Our 30th anniversary has been nothing short of remarkable,” said Kevin Hogan, President of Rock Island Auction Company. “It was a year of shattered records, a dream come true in our new facility, and a third year of reaching over $100 million. It’s all a testament to our amazing team, the support of our loyal clientele, and the growing interest and value in fine arms. We are looking forward to a full year of events in Texas and breaking even more records in 2024.”
Top highlights throughout 2023, include:
· C Company No. 12 Colt Model 1847 Walker Percussion Revolver ($470,000)
· Jefferson Davis’ Captured Beaumont-Adams Double Action Revolver ($470,000)
· Ulrich Factory Exhibition Engraved Winchester Model 1886 Rifle ($440,625)
· Zane Grey’s Engraved and Gold Inlaid Winchester Model 1895 Rifle ($440,625)
· Cased 1902 “GL” Luger Presentation DWM Carbine for Hugo Borchardt (411,250)
· Cased 1855 Dated Gastinne-Renette Percussion Dueling Pistols ($411,250)
· World War 2 Three-digit Serial Number Krieghoff FG42 Type 1 (411,250)
· Colt Model 1883 Gatling Gun with Pedestal ($352,500)
· Cased Deluxe Engraved Colt Model 1851 Revolver ($352,500)
