Lot 60: Cased Colt Model Colt Civilian Walker Revolver

Lot 60: Cased Colt Model Colt Civilian Walker Revolver

Est: $800,000 - $1,300,000
Sold: $1,840,000

Rock Island Auction Company

April 13, 2018 9:00 AM CST
Rock Island, IL, US

More About This Item


Item Overview

Description: Extremely Well-Documented, Historic and Iconic Only Known Original Cased Colt Civilian Walker Percussion Revolver, Known as "The Danish Sea Captain Walker" Offered here is without question the rarest, most historic and finest Colt Walker revolver Rock Island Auction Company has had the privilege to offer at auction. Known by the collecting fraternity as the Danish sea captain Walker, it is a type of revolver that gun collectors usually can only fantasize about owning. The story of the Walker revolver forever changed the course of American history and firearms design. It involves a young gallant U.S. Army officer, Samuel Hamilton Walker, a brilliant second generation inventor and manufacturer, Eli Whitney, Jr., and thrusted a young, unsuccessful (up until this point) but ambitious entrepreneur to the forefront of American manufacturing, one of the first American business tycoons, Col. Samuel Colt. The Colt U.S. 1847 Walker Model design was developed by Samuel Colt and influenced by suggestions from the former Texas Ranger Samuel Hamilton Walker who was serving as a captain in the Regiment of Mounted Riflemen. On December 7, 1846, Colt met with President James K. Polk to promote his revolver. President Polk directed Secretary of War William L. Marcy to order 1,000 revolvers from Colt through the Ordnance Department. This order marked the beginning of the relationship between Colt and the U.S. military which exists to this day. Colt made arrangements for the revolvers to be manufactured by Eli Whitney at the Whitneyville Armory. The original intent was to issue two revolvers per man to the Mounted Rifle Regiment. After filling the 1,000 unit order for the military, a civilian series of Walkers in the serial number range 1001-1100 was put into production for two purposes. The first and most notable was presentation arms which would become a famous tactic used by Colt throughout his illustrious career. Presentations were made to ranking military personages who could secure important military contracts. Second was to offer revolvers to the commercial or civilian market in order to get this new, innovative and potent revolver in consumer hands and a conversation started. This revolver, serial number 1022, was one of the only 100 civilian Walkers manufactured. The revolver has the distinctive half octagon nine inch barrel with German silver front sight blade and hinged round tip loading lever secured by a T-shaped spring. The top barrel flat is stamped “ADDRESS, SAML. COLT, NEW-YORK CITY.” The barrel lug on the right side is stamped “U.S./1847.” The Texas Rangers and Indian battle scene is roll engraved on the cylinder which has oval stop slots. The brass square back trigger guard has a distinctive broad base. The back strap is iron. The serial number is stamped on the bottom of the barrel lug, bottom of the frame, the rear of the cylinder, the trigger guard, and the back strap. The arbor pin has the number “18,” and the wedge is unnumbered. The revolver properly lacks U.S. military inspection marks. The oak case is lined in green baize and contains rare accessories: a “COLT’S/PATENT” marked bullet mold, “COLTS PATENT” marked powder and ball flask (more about this accessory later), and question-marked shaped tool. This is the only known Colt Walker with the original case in existence. The case has brass hardware with steel screws and two compartments with lids featuring turned pulls. The lock plate is stamped “BUNDGER” and “BARMEN.” Unable to obtain this revolver for himself, famed firearms collector William Locke reverted to replicating the case for one of his own Walkers, serial number 1004, which is pictured in Frank Seller’s “The William M. Locke Collection” on page 44. Accompanying the revolver is a remarkable record of its history handwritten in ink by Samuel Colt himself. The 3 inch x 3 inch card reads in Colt’s own handwriting, “This Pistol is a correct sample of the Pistols furnished to the U.S. government [and] the Texas Ran

Condition Report: See Description

Payment & Shipping

Accepted forms of payment: American Express, Discover, MasterCard, Money Order / Cashiers Check, Visa, Wire Transfer

Shipping: We will arrange for packing and shipping at our earliest possible convenience. We will attempt to ship as soon as possible, however, due to the huge volume of absentee bidders, delays in shipping of seven days after full payment is received by us is typical. In the case of crating or any exceptional packaging, the buyer will be charged our cost from outside agents. Buyer pays all shipping and insurance charges.

Auction Details

April 2018 Premiere Firearms Auction Day 1

By Rock Island Auction Company

April 13, 2018, 9:00 AM CST

Rock Island, IL, US

Terms

Buyer's Premium

21.5%
From:To:Increment:
$0$199$10
$200$499$25
$500$999$50
$1,000$1,999$100
$2,000$4,999$250
$5,000$9,999$500
$10,000$19,999$1,000
$20,000$49,999$2,500
$50,000$99,999$5,000
$100,000+$10,000

Contract Information: These conditions of sale, the purchasers and our respective rights and obligations hereunder are governed by Illinois law. By bidding at our auction whether in person or by agent, sealed bid, telephone bid or other means, the buyer or bidder agrees that the contract created by these conditions of sale is made and performed in the County of Rock Island, State of Illinois.<br /> During an auction with live internet bidding mistakes due to human or computer error can happen. We do our best to prevent any mistakes, and will notify you as soon as possible if an error was made. The auctioneer makes the final descision on all sales.

Payment Information: Auction sales are strictly for cash, cashier's check or checks (with prior approval of the management), MasterCard, Amex, Visa or Discover. NOTE TO ALL BUYERS: Method of payment will be U.S. currency or certified check drawn on an American bank. All sales are final at the fall of the Auctioneer's hammer. We will contact you after the auction to arrange for payment and shipping.

Shipping Information: We will arrange for packing and shipping at our earliest possible convenience. We will attempt to ship as soon as possible, however, due to the huge volume of absentee bidders, delays in shipping of seven days after full payment is received by us is typical. In the case of crating or any exceptional packaging, the buyer will be charged our cost from outside agents. Buyer pays all shipping and insurance charges.

Buyer Premium: All bid prices "hammer prices" (means the price at which a lot is knocked down to the purchaser) will be subject to a buyer's premium payable by the purchaser of 18.5% of the bid price. There is a 3% discount for payment with cash, approved check or wire transfer. The premium is added to your successful bid and the two together equal the total purchase price.<br /> At the announcement of "SOLD", the highest bidder will have purchased the offered lot. This purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchaser further agrees to pay the purchase price, buyer's premium and any applicable taxes before any lot may be transferred. All items purchased by successful bidders must be paid for in full the day of sale. All items purchased by absentee bidders must be paid for in full immediately upon notification.

Taxes: Conditions of Sale<br /> <br /> <br /> BID PRICE: Each buyer must register with and be approved to bid in our upcoming auction. The highest bidder on a lot shall be the buyer of the lot. The purchase price shall be the sum of 1) the price at which the item is sold (hammer price), 2) a buyer's premium of 21% on the bid price of any lot that sells for up to $150,000, for the amount above $150,000 through $ 1 million 15%, for the amount over $ 1 million 10% (for those who bid through the internet, there is a surcharge of 3%) , plus 3) sales tax unless the purchaser is exempt by law from such taxes.<br /> <br /> ACCEPTANCE OF BID: As each item is sold, the Auctioneer shall announce the winning bid and the Buyer's Number of the winning bid. Failure of the person assigned to the Buyer's Number to object at the time of announcement shall constitute an acknowledgment of the bid and purchase. The purchaser is legally liable to pay for the item or pay the difference if we must re-offer and sell the item for a lower price.<br /> <br /> REGULATION OF BID: The Auctioneer shall regulate the bidding and shall be the sole arbiter of any disputes. We reserve the right to withdraw property at any time before the sale and reject a bid from any bidder.<br /> <br /> PAYMENT AND PICKUP: The balance of the invoice must be paid in full and merchandise picked up within three days of the date of sale. One week after the auction, left items may be moved to an off-site facility for pickup. A storage fee will be charged if merchandise is left longer than two weeks of $10.00 per lot per day. If the property is left longer than 3 ½ (three and one-half) weeks, it will be considered abandoned. We are not responsible for shipping, but if packing and handling of purchased lots is done by us, it is done at the entire risk of purchaser. A refundable deposit may be required.<br /> <br /> Internet purchases are not available for pickup till the following day.<br /> <br /> ABSENTEE BIDS: Absentee bids are accepted until fifteen minutes prior to the start of the auction for all lots in the auction. Absentee bids for later lots may continue to be accepted according to announcements or signs posted on the office window. A deposit may be requested on absentee bids over $4000.00. The auctioneer will bid the absentee bid against floor bidders. In the event of a tie, the floor bidder shall prevail. The Gallery assumes no responsibility for failure to execute any bid for any reason and absentee bids are made subject to the Conditions of Sale. Absentee bidders are requested to call after 11am on the first weekday following the sale to find out if they were successful.<br /> <br /> NO TRANSFERS: No lots shall be sold, transferred, or assigned to anyone other than the winning bidder prior to the removal of the lot from the Gallery and only the winning bidder shall remove the lot.<br /> <br /> RISK OF LOSS: In the event delivery cannot be made because of loss due to fire, theft, or any other reason, the Gallery shall only be liable for the return of any deposits or payments made by the purchaser.<br /> <br /> NO WARRANTY; ALL ITEMS SOLD "AS IS AND WHERE IS" THE GALLERY, ITS AGENTS AND EMPLOYEES, AND THE CONSIGNOR DO NOT WARRANT ANY LOT TO BE MERCHANTABLE OR TO BE SUITED FOR ANY PURPOSE AND THEY DO NOT ASSUME ANY RISK, LIABILITY OR RESPONSIBILITY FOR ANY PERSON AS TO AUTHENTICITY, GENUINENESS, CULTURE, SOURCE, ORIGIN, ATTRIBUTION, PERIOD, PURPOSE OR MEASUREMENTS OF ANY LOT. 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The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections or the effects of aging.<br /> <br /> RIGHT OF RECISSION: Notwithstanding the preceding conditions, if within 21 days of the date of sale of any lot, the original purchaser (a) gives notice in writing to us alleging that the identification of Authorship (as defined below) of such lot is not substantially correct based on a fair reading of the catalogue (including the terms of glossary contained therein), and (b) with 10 days after such notice returns the lots to us in the same condition as at the time of sale and (c) establishes the allegation in the notice to our satisfaction then the sale of such lot will be rescinded and the original purchase price refunded. Nothing in this paragraph shall be construed as an admission by us of any representation of fact, express or implied, obligation or responsibility with respect to any lot. The purchaser's sole remedy in the physical condition and size, quality, rarity, importance, provenance,exhibition and literature of historical relevance. Although our best judgment is used in attributing paintings, drawings and sculpture created prior to 1870 through the appropriate use of the glossary terms, and due care is taken to ensure the correctness of the supplemental material, the right of rescission does not extend to any possible errors or omissions therein.<br /> <br /> PAYMENT: Cash, cashier's check, wire transfer, personal check (items may be held until the check clears), and ATM, MasterCard, Discover & VISA accepted, but not for vehicles. If any legal action is commenced to enforce these Conditions of Sale, the prevailing party shall be entitled to re cover its reasonable attorney's fees and costs. Time is of the essence.<br /> <br /> DO WE GUARANTEE THAT A CERTAIN PIECE OF ART IS BY A PARTICULAR ARTIST?<br /> PLEASE SEE THE CATALOG DESCRIPTION/ All authorship of items in this catalog are described according to the following terms:<br /> •By Maurice Braun: In our judgment, the work is by the artist.<br /> •Attributed to Maurice Braun: In our judgment, the work may be ascribed to the artist on the basis of style, but there may be some question as to actual authorship.<br /> •In the manner of Maurice Braun: In our judgment, the work was executed by an unknown hand, but was designed deliberately to emulate the style of the artist.<br /> •After Maurice Braun: In our judgment, the work was executed by an unknown hand, but is a deliberate copy of a known work by the artist.<br /> •American, 19th century: In our judgment, this work was executed by an unknown hand, and can only be identified by origin (i.e., region, period).<br /> •Bears signature: In our judgment, the signature on the artwork may be spurious.<br /> <br /> Condition:<br /> We may include a brief note on condition within the catalog description. We do this when the condition problem is serious enough to affect the estimate of the artwork. This does not constitute a complete condition report, nor should it be assumed that artworks cataloged without mention of condition are in perfect condition.<br />