The engraved Smith & Wesson Model 53 was given to Presley just months before he died in 1977.
said the “flashy” engraved Smith & Wesson Model 53 sold for $199,750 during its three-day premier auction held Aug. 25-27, 2023 that had a total of $21 million in sales.“The collectibles market has been experiencing unprecedented growth in several genres,” said RIAC President Kevin Hogan. “When you combine two of those genres, Elvis’ memorabilia and collector firearms, the result is tremendous excitement and high totals at auction.
The gun is “adorned with a bicentennial theme by Master Engraver Russell Smith” and was delivered to Presley just months before he died on Aug. 16, 1977. Rock Island Auction said in 2017 it sold a Colt Python belonging to Presley for $172,500 and his Smith & Wesson Model 19-2 for $195,500. The auction house said the sales demonstrate “the value of guns linked to historic figures and pop culture icons in the current collectibles market.” In 2022, Rock Island Auction said it sold the only surviving blaster originally used by Harrison Ford as Han Solo in “Star Wars: A New Hope” for $1,057,500, and the previous year the auction house sold a revolver owned by John Wayne and seen in some of the star’s feature films for $517,500.
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