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Forget Gold: Why Investors Are Targeting Guns

February 19, 2011 1 comment

 

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When the final hammer came down at the end of the December auction at Holt’s Auctioneers — which specializes in the sale of classic English shotguns — total sales had hit a record $2.72 million. Among the hot sellers: a pair of Purdey shotguns had sold for $131,200, while two guns made by Holland & Holland went for $128,000. “Those are impressive and reassuring figures,” says Roland Elworthy, a valuer at Holt’s. Meanwhile Sotheby’s, whose sporting-guns sales are handled by Gavin Gardiner Limited, also enjoyed a healthy December auction — one buyer paid $134,400 for a single Boss & Co. 12-gauge shotgun. “Demand is as strong as I’ve ever seen it,” enthuses Gardiner, who has been auctioning classic firearms for 25 years.

The market for English shotguns is as hot as the Read more…

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