1938 M1911 today at auction

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  • gbethu
    Senior Member
    • Oct 2012
    • 172
    #1

    1938 M1911 today at auction

    A 1938 M1911 with a serial number indicating it went to the USN sold today at James Julia for $54,000. It's estimate was for $3,000 to 4,000 It was about an 85% condition pistol. The times are changing.
    You searched for 1938 colt - James D. Julia, Auctioneers
    http://jamesdjulia.com/?s=1938+colt&post_type=page_catalog&meta_key=catalog_aucID&meta_value=386
    Tags: None
    • Mike Josephic
      Senior Member
      • Aug 2009
      • 777
      #2
      That price is really "over the top" for that pistol, but at auctions, anything can and will happen.

        Comment

        • Major Tom
          Very Senior Member - OFC
          • Aug 2009
          • 6181
          #3
          Originally posted by Mike Josephic
          That price is really "over the top" for that pistol, but at auctions, anything can and will happen.
          Yup, someone wanted it very bad for whatever reason.

            Comment

            • Chaz
              Senior Member
              • Aug 2009
              • 765
              #4
              4 years ago I could have bought a 95%++ 1938 beauty for 7,000 bucks but it eloped with another man before I could get there. Saw it last year for $20K and thought that was way out of my range. $54K? I guess I'm inhabiting the wrong world.

                Comment

                • SPEEDGUNNER
                  Senior Member
                  • Sep 2009
                  • 729
                  #5
                  Originally posted by Major Tom
                  Yup, someone wanted it very bad for whatever reason.
                  TWO guys wanted it very bad...
                  "There's a race of men that don't fit in,
                  A race that can't stay still;
                  So they break the hearts of kith and kin,
                  And they roam the world at will." - Robert Service

                    Comment

                    • Truman
                      Senior Member
                      • Sep 2009
                      • 235
                      #6
                      Originally posted by SPEEDGUNNER
                      TWO guys wanted it very bad...
                      Or one guy and a really good auctioneer... Truman

                        Comment

                        • westgard
                          Senior Member
                          • Jan 2010
                          • 172
                          #7
                          I had a chance to inspect that gun in the morning before the auction started. It was a pretty nice piece. I even got a few bids in before it skyrocketed out of sight...! I knew it was going to command a premium, but I must say, I agree with you all - a couple people perhaps got auction fever. Either that, or we are seeing new highs in the 1911A1 collector's market.

                            Comment

                            • Ken Hill
                              Senior Member
                              • Aug 2011
                              • 208
                              #8
                              Originally posted by gbethu
                              A 1938 M1911 with a serial number indicating it went to the USN sold today at James Julia for $54,000. It's estimate was for $3,000 to 4,000 It was about an 85% condition pistol. The times are changing.
                              http://jamesdjulia.com/?s=1938+colt&...meta_value=386

                              712799 went for a lot of money for whatever reason!

                              It is not in my database and two numbers higher than owned by one of the frequent posters here. Personally shocked at the price, but as many have said the 1938s are far more scarce than Singers. Maybe its time to upgrade the $$$$ in the database! /K
                              /Ken Hill

                              "Reason is not automatic. Those that deny it cannot be conquered by it!" Ayn Rand

                                Comment

                                • gbethu
                                  Senior Member
                                  • Oct 2012
                                  • 172
                                  #9
                                  1938

                                  Originally posted by Ken Hill
                                  712799 went for a lot of money for whatever reason!

                                  It is not in my database and two numbers higher than owned by one of the frequent posters here. Personally shocked at the price, but as many have said the 1938s are far more scarce than Singers. Maybe its time to upgrade the $$$$ in the database! /K
                                  I've learned that 1938s are particularily desirable M1911A-1s I had one verfied by Troy Partin, an expert who owns probably the best examle known before I bought it at RIAC. Troy, unlike some others on these boards is not selling guns for a living and owns some of the best M1911s known You would kill for his first batch issue of a USMC 1911.
                                  I would check with an expert (no dealers) before investing. This 1938 went for the very hight point of today's market. Send me a PM if you want to contact him....I've never regretted it.

                                    Comment

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