CINCINNATI, OH.- Cowans kicked off a new era of Arms and Armor on May 25 with a two-day sale that saw a fresh-to-market collection drive the auction well past its high estimate to a total of $1.1 million. The first auction under new Director of Arms, Armor, and Militaria Tim Carey received significant interest with nearly 1,000 bidders participating in the auction and selling 97% of all lots offered.
This was very much a team effort and we have assembled one heck of a team here at Cowans, said Carey. This auction demonstrated that not only is Cowans still in the Arms and Armor business but were still one of the industry leaders.
The lynchpin of the auction was over 350 lots of historic firearms and militaria from the lifelong Collection of Charlie Hinton, Baton Rouge, La. Mr. Hintons collection was new to the market and covered the full range of American military arms from the Indian War era through World War II. Combined, the collection achieved a price of $628,237, well outpacing its presale estimate of $390,200 - $583,800.
The top lot from the Hinton Collection was a 1902 DWM Luger carbine, with a stock and hardcase included (lot 163), that sold for $10,455 against an estimate of $8,000 - $10,000. Other highlights from the collection included a JP Sauer & Sohn M30 World War II Luftwaffe Survival Drilling (lot 193) that surpassed its estimate of $6,000 - $9,000 selling for $9,225; and a Type II Colt single action Army Artillery revolver that sold for $7,440, beating its estimate of $5,000 - $7,000.
The hottest category of the auction was M1 carbines with every lot in the category surpassing its estimate. The highlight of the group was an experimental or presentation XB serial numbered Inland M1 carbine (lot 307) that sold for $5,700 against a presale estimate of $3,000 - $5,000. The serial numbers XB1 through XB100 were part of a group of "experiential" for engineering use and presentation M1 carbines produced by Inland that were not delivered to the government or issued for military use. Roughly 800 of these Inland M1 carbines were produced with a variety of X prefix serial numbers, in groups from "X" through "XG," with most produced in a run of 100 guns for each prefix.
The top lot of the auction came from the Militaria category as a US Navy ships bridge binoculars (lot 202) from World War II sold for $22,800, more than five times its presale estimate.
Cowans Arms and Armor auction was held on May 25 at its Cincinnati saleroom followed by an online timed auction ending on May 26. Bidders in the May 25 auction participated via absentee bid, over the phone, and on one of five online bidding platforms. The timed auction on May 26 was held exclusively on Cowans website.
Cowans is now inviting consignments for multiple summer and fall 2021 Arms and Armor auctions.