Sunday GunDay: Winchester 1886 #1 — Most Expensive Rifle Ever Sold at Auction

This old lever gun is something special — the most expensive rifle ever sold at auction, according to the Rock Island Auction Company (RIAC), the world’s leading firearms auction house. This rifle sold in 2016 for $1,265,000.00 — the highest auction price ever recorded for a single rifle (and twice what RIAC expected). The rifle went for such a high price because it was Serial Number 1 and because of its special connection to the Wild West and Indian Wars. SEE: RIAC Most Expensive Guns.

From Rock Island Auctions: “This 1886 Winchester set what was at that time the world record for the most expensive single firearm ever sold at auction… this particular model 1886 happened to be serial number one! If that weren’t enough, the gun was presented by firearms designer Lieut. George E. Albee to his friend and fellow Medal of Honor Recipient Capt. Henry W. Lawton, upon Lawton’s accepted surrender of Apache leader Geronimo.”

This historic Winchester Model 1886, Serial Number 1, was given to then Captain Henry W. Lawton as a gift to honor Lawton’s successful raid to capture the renegade Apache leader Geronimo. The rifle was gifted by his friend, Lt. George E. Albee, who worked with Winchester. Both Army officers were Medal of Honor winners. This rifle “represents the 25 years of bloodshed between the U.S. Army and the Apache Indians in the Southwest, and the end of the Indian Wars. Being serial number one and possessing such outstanding condition would alone be enough to draw six figures at auction. When you add one of the most famous names in the history of the Old West you have a huge crossover appeal”, said RIAC President Kevin Hogan.

Click the links below for the full, illustrated history of Geronimo’s capture by Captain Henry W. Lawton.

FULL Story: The Prize for Capturing Geronimo, Part I

FULL Story: The Prize for Capturing Geronimo, Part II

Lawton was a “soldier’s soldier” who fought in the Civil War, Indian Wars, Spanish-American War, and Philippine-American War, finishing his career with the rank of Major General. He lead an Army contingent that traveled 1300 miles to capture Geronimo in the summer of 1886. He was killed in combat in 1899 at the battle of San Mateo, in the Philippines. Ironically, the leader of the Philippine Revolutionary troops he faced was named Gen. Licerio Geronimo. Strange but true.

Rock Island sells over 25,000 firearms every year, but “never before had Rock Island offered Serial Number 1 of a production grade, investment-quality firearm” said RIAC. Given the rifle’s unique history and well-established provenance, “this truly is a prized national treasure”. This is the first production Winchester model 1886, with the single digit ONE stamped on the lower tang. The barrel is also inscribed “Albee to Lawton 45-70″.

“The rifle’s story begins with two brothers-in-arms during the Civil War who went their different ways after that conflict, one electing to continue a lifelong military career while the other pursued firearms and their development,” stated RIAC. “When the former, Captain Henry Ware Lawton, captured Geronimo in 1886, the latter, Lieutenant George E. Albee, was working for Winchester and able to secure serial number one of their newest rifle design. He presented it to his old war buddy and lifelong friend to commemorate Lawton’s remarkable achievement.”

Prices Continue to Rise for Rare, Collectible Firearms
RIAC reports: “In recent years, high-value collectibles like fine art, classic cars, and vintage timepieces have been outperforming traditional investments and show no sign of losing momentum. Rare firearms have experienced similar uptrends, and that’s no surprise given how the most desirable firearm classes share many of the same traits as other investment-grade collectibles. Scarcity, tangibility, artistry, historical significance, popular appeal, and strong market demand have all contributed to substantial appreciation across the fine arms genre.”

RIAC has seen its average annual sales double since 2015 and break the $100 million barrier for the second year in a row in 2022. In the last two years more than 120 lots achieved six-figure price tags or higher, with four of those items surpassing the million-dollar mark.