Why did this Mauser “Broomhandle” Sell for $1,057,000?

Broomhandle Image From Rock Island Auction Co. www.rockislandauction.com

Recently a Mauser “Broomhandle” Pistol sold at Auction for $1,057,000 including fees! Why did a gun that would be typically worth from a few hundred to a thousand dollars sell for one thousand times that amount?!

Quite simply Provenance. Which is the documented history of who owned the firearm and who or how it was used.

Many of the guns are iconic, but to the “prop houses”, they have just been another gun in their rental inventory.

The actual final bid was $900,000 and the balance is the fees that the Auction House receives on top of the bid.

But at the time they were doing the first movies they didn’t know what a hit it was going to be and therefore didn’t keep the props separately and in condition to sell as collectibles. I have found that most true collectibles that have significant value, became collectibles virtually by accident.

So you can see that Provenance (verifiable chain of ownership and how it was used) is really what creates value in firearms like this one.
Collecting and preserving the story and history behind a firearm is what propels the value from just being another gun to being worth thousands and even millions.

Doing Firearm Appraising can be a fascinating, exciting, and profitable skill that anyone willing to spend a little time studying can do.

If you would like to be an AGI  Certified Firearms Appraiser and join in the fun and profit providing Appraisals for individuals, estates, legal settlements, insurance, and more, go to www.FirearmAppraiser.com for more details.

Gene Kelly,
Certified Firearms Appraiser
Gunsmith & Class 2 Manufacturer
President American Gunsmithing Institute

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