FOR IMMEDIATE RELEASE
Custer 7th Cavalry Revolver was Top Seller at Old West Auction
DENVER – Brian Lebel's Old West Auction celebrated its 25th annual sale on Saturday, June 28th, with total realized prices topping a million dollars and an impressive 93% sell-through rate. The top lot of the night was a Colt Single Action Revolver dating from Custer's 7th Cavalry, which sold for $53,100 to a floor bidder in the room. The next best-selling lot was a stunning Nez Perce horse mask that sold on the phone for $47,200. Over 400 people attended the live auction, with hundreds of registered Internet bidders and dozens more bidding on the phone and absentee. The Auction was held in conjunction with the Old West Show, which featured 200 dealers, with over 3,000 people in attendance.
One of the auction highlights was the highly anticipated Billy the Kid CDV, which sold on the Internet for $18,150, more than twice its low estimate. Items from the estate of infamous Texas businessman Rex Cauble created a bidding frenzy, with his Cutter Bill Championship diamond and sterling belt buckle selling to a determined phone bidder for $14,160.
Saddles were perhaps the bargain purchases of the evening, with a Bohlin Dick Dickson model realizing $23,010, which was less than its low estimate; and a Bohlin Dick Dickson Jr. model bringing $35,400, which was right at the low estimate.
Fine art brought respectable prices, with a large WHD Koerner painting selling on the floor for $11,800. Both a Raphael Lillywhite and a Will James brought $21,240 each, selling on the floor and the phone respectively.
Overall, the sale was strong, with most items selling either firmly within or above estimate. Auction owner Brian Lebel feels that the market for Western art and artifacts remains strong and continues to attract new collectors. Lebel states, "We had more new bidders register for the sale this year than we have had in many, many years." He went on to add, "Some of it is because of the Internet, of course, but no amount of exposure would matter if the material wasn't desirable and authentic." Regarding the Old West Show, Lebel said, "We had the best early buy-in and Friday attendance numbers since relocating from Cody to Denver."
For 2015, Lebel will be moving his Old West Show & Auction from Denver to Fort Worth, with dates scheduled for June 6-7 at the Amon Carter Exhibit Hall of the Will Rogers Memorial Center. Lebel also recently purchased the High Noon Show & Auction, which will be held in Mesa, Arizona this coming January, 24-25, 2015. Details can be found at oldwestevents.com or by calling 480-779-9378.