The most expensive gun

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You are right that some guns have huge value because of association with historically important events or people. The plain musket that fired 'the shot heard round the world' and started the American Revolution...if it could be identified...would be perhaps the most valuable of all.

New guns though...that's not quite how I'd phrase it. It's not so much if it is new, but how many hours and find materials have been invested in it. There are famous gun makers like the mentioned Holland and Holland, Rigby and Sons, and many others who have 'off the shelf' high end models. H & H probably only makes and sells a dozen of their top grade gun. But these companies also make custom guns, and whatever demands you come up with, they will meet. Special engravings, gold, ivory, gems, etc etc. The sky is the limit. These guns, no matter if they are old or new, take the crown for the most expensive guns related to them being GUNS as opposed to items liked to history.

And of course there is some mix between guns being valuable because they are high end bespoke guns or guns owned by people historic import, because generally those rich enough to have a bespoke gun covered in hours of engravings and exotic materials are themselves rich enough to have impacts on history. These are the guns of Kings, Shahs, Czars, Khans, and barons of industry. Is a Rigby and Sons rifle covered in engravings and goldwork selling for hundreds of thousands enhanced in value beyond it's glitter because it was owned by a specific king? Probably.
 
I believe that the engraved presentation 1860 Henry that was given to President Lincoln would be among the most valuable, with an appraised value of over $2 million.
 
German Luger in .45 ACP

One of the remaining Lugers in .45ACP was auctioned in the 1980s for around a million dollars, but when re-auctioned five years ago, it went for a little under half that.

http://articles.latimes.com/2010/mar/15/local/la-me-luger15-2010mar15

The corporate-takeover shark played by Michael Douglas in the movie "Wall Street" brandished a replica and bragged about it as "the rarest gun in the world." An Indonesian billionaire paid $1 million for the real thing, and it became known as "the million-dollar Luger."

That was in the late 1980s, when the Douglas line "greed is good" captured the spirit of the times.

On Sunday, under very different economic circumstances, the coveted .45-caliber Luger found a new owner for half that price at a public auction in Anaheim.

The gavel came down at $430,000 from an anonymous bidder. With the 15% buyer's premium, the 103-year-old weapon fetched $494,500.
 
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