Thread: Navy
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Unread 10-19-2008, 06:07 AM   #59
Imperial Arms
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Join Date: Jun 2002
Location: Malta, EU
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Hello P.J.

The famous piece that fetched $920k is a Colt Walker revolver which was the center piece of the entire auction. A number of the high end items from the Doug Smith collection did not reach the reserve prices, and in my opinion, many of the pieces were priced overboard. I guess Doug and Julia's are searching for collectors with very deep pockets who have no value for money. Of course, these very wealthy collectors never experience the pain of a recession.

Albert
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