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    Escala Group's Art & Antiques Division Realizes $2.4 Million

    Date: 12 Jul 2006 | | Views: 9192

    Escala Group (Nasdaq: ESCL), a global collectibles company in stamps, coins, and art and antiques, today announced that Greg Martin Auctions achieved over $2.47 million at its sale conducted June 26 and 27. The summer auction featured over 1,800 lots of fine antique and collectible arms, armor and sporting guns from various estates and private collections from around the country. As the company launching Escala's art and antiques division in fiscal 2006, Greg Martin Auctions completes a prolific first year under Escala with auctions of high-profile collections.


    U.S. Model 1860 Staff & Field Officer's Sword.
    At the June sale, Greg Martin Auctions introduced real-time, internet bidding through Proxibid, which allowed potential buyers to participate live with the onsite bidding process. Online bidders were able to view a photo of each item as it went up for sale, to hear the bidding as it occurred in the auction gallery, and to place real-time bids as selling was underway.

    Company President Greg Martin commented, "This first-time opportunity to participate live in one of our auctions through the Internet attracted over 100 computer-savvy buyers from around the country. Real-time Internet bidding broadened the number of auction participants and added a successful new conduit to Greg Martins bidding process that includes onsite bidding from the San Francisco gallery; live simulcast bidding from the auction room in Portsmouth, New Hampshire; telephone bidding; and absentee bids."

    The Top 10 highlights from of the two-day auction follow:

    -- $238,350 - Rare and Important Colt Whitneyville Walker Model 1847 Percussion Revolver. The Colt Walker Revolver is the most desirable and well known of all Colt firearms and the prize of any Colt collection. Usually found in heavily used condition, this example is exceptional in its originality and condition. (Lot 1099)

    -- $181,600 - Rare and Historic Triple Factory Engraved Presentation Cased Colt Ensemble from Samuel Colt to Hugh Rose, Esq. containing an engraved 1849 pocket, deluxe engraved 1851 Navy, and an engraved 1855 Root Sidehammer Revolver, complete with all accessories and authenticating documents. A Captain in the Confederate Army, Hugh Rose was a close friend of Samuel Colt, important enough that Rose was included as a witness and signator on Colt's final will and testament. (Lot 1103)

    -- $90,800 - Cased .470 Holland and Holland Modele de Luxe Ejector Double Rifle for 1959. This lot well exceeded its estimate of $50,000 - 75,000. (Lot 1258)

    -- $76,045 - Fine Cased Colt Paterson No. 2 Belt Model Percussion Revolver complete with accoutrements. (Lot 1094)

    -- $73,775 - Fine Kentucky Percussion Rifle by John Armstrong, a riflemaker in Emmitsburg, Maryland, from 1808-1822. This lot far exceeded its estimate of $15,000 - 25,000. (Lot 1045)

    -- $34,050 - Colt First Model Dragoon Revolver, believed a presentation from Samuel Colt to August Francotte, premier gunmaker of Liege, Belgium, c. 1849-50. Firearms expert and author R. L. Wilson considers this to be "One of the Finest Colt First Model Dragoon Pistols." (Lot 1100)

    -- $34,050 - Rare and Historic Presentation Pair of Colt Model 1860 Army Revolvers, with Backstrap Inscriptions to Maj. Genl N.P. Banks, with Compliments of Col. Colt. An accomplished military man and politician, Nathaniel Banks held numerous posts, including, after the Civil War, U.S. Congressman and Speaker of the House. This lot well exceeded its auction estimate of $15,000 - 25,000. (Lot 1111)

    -- $19,295 - Exceptional Engraved American Powder Horn of Frederick Aubery, 1759. This superior example of the carved horn features soldiers in formation, Indians, forts, rivers, towns and the New York skyline. This lot exceeded its auction estimate of $12,000 - 15,000. (Lot 1042)

    -- $19,295 - Extremely Rare and Original Salt-Print Photograph of Samuel H. Walker, Texas Ranger, Captain of Company "C", U. S. Mounted Riflemen, Mexican War hero and co-designer of the famed Colt Walker Revolver. This rare image is one of only four or five original images of Walker known to exist, including one daguerreotype in the Smithsonian Institution. (Lot 1096)

    -- $18,160 - Henry Lever Action Repeating Rifle, Serial no. 7550, .44 caliber, 24-inch barrel. (Lot 1190)

    Complete results of the June Auction are available at www.gregmartinauctions.com by individual lot, including full descriptions, estimates and photographs. A fully illustrated, color printed catalog was produced for the June sale; copies are still available for sale upon request.

    Source: artdaily.com


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