Buyers lose more than $ 3.1 million during the Al Capone auction
Chicago gangster Al Capone’s “favorite” Colt .45 caliber pistol was the main attraction at a California auction and sold for $ 1 million.
The auction, billed as an “undisturbed time capsule” from Capone’s estate, at a private club in Sacramento, Calif., Had nearly 1,500 registered bidders and 56 in person as of late Friday, for a total of more than 3.1 million Spending US dollars, the Chicago Tribune reported.
Al Capone – who was born in Brooklyn – has been labeled Public Enemy No. 1.Bettmann archive
The biggest lot was Capone’s “favorite” Colt .45 caliber semi-automatic pistol, which sold for $ 860,000 – or $ 710,000 more than the initial estimate. With an additional buyer’s markup of 21 percent, the buyer pays $ 1,040,600, which is arguably the highest price for a 20th century gun sold at auction, the Tribune reported.
Capone’s Colt .38 caliber semi-automatic blue pistol with smooth wooden handles was the next top suit, selling for $ 242,000 with the buyer’s premium included – well above its original high estimate of $ 60,000.
The Sacramento-based Witherell’s collection – called “A Century of Notoriety: The Estate of Al Capone” – also included the infamous gangster’s coveted platinum and diamond pocket watch from the infamous gangster. Estimated to fetch $ 50,000, the watch sold for $ 190,000, or $ 229,000 with the 21 percent fee.
Other family heirlooms, such as two photos of Capone’s son Sonny, were looted for just $ 100. Each lot contained a notarized signature from one of Capone’s three surviving granddaughters, Barbara, the Tribune reported
Diane Patricia Capone, who was three years old when her grandfather died of a heart attack in Florida in 1947, told the newspaper she wasn’t surprised that most items sold well above pre-auction estimates.
“I know the reviewer gave us that number, but the backstory all along has been people saying, ‘Oh, this is way too expensive. It will go much higher, ‘”she told the tribune. “So I can’t say that I was terribly shocked or surprised that I could do a lot more.”
Al Capone’s “favorite” Colt .45 caliber pistol sold for $ 1 million.AP / Rich Pedroncelli
Capone said she was touched when several lots were submitted for auction by her grandmother Mae Capone.
“In fact, my sister and I were sitting next to each other when they showed my grandmother’s china and crystal, my sister and I were holding hands and I really got tears,” she told the tribune.
After a bid break, women working on the phones during the auction came up to Capone and her sister and told them, “We got so emotional watching you,” she recalled.
A collection of photographs from the estate of Mafia boss Al Capone is on display at Witherell’s auction house in Sacramento, California.AP / Rich PedroncelliDiane Capone examines porcelain tableware that once belonged to her grandparents Mae and Al Capone.AP / Rich Pedroncelli
Most buyers’ identities have been kept a secret, though a minority owner of the NBA’s Sacramento Kings, Kevin Nagle, Al, and Mae Capone’s walnut-veneered decorative cigar humidor bought for $ 145,200. He also dropped $ 21,780 on another humidor and set of two matching chairs.
The bidding was “intense” for the cigar holders, Nagle said, adding that the mood was “incredible” as bids were thrown for Capone’s coveted firearms.
“It was really exciting,” Nagle told the Tribune. “We bid on a lot of history and people from all over the world took part online. It’s really adorable. “
Al Capone’s Patek Philippe platinum and diamond pocket watch sold for $ 229,000.AP / Rich PedroncelliA platinum and diamond pocket knife named AL in diamonds once belonged to gang boss Al Capone.AP / Rich Pedroncelli
Nagle also bought Capone’s yellow gold and platinum belt buckle for $ 27,225, which he will keep along with the humidors at his Montana ranch as “great conversation pieces,” he said.
Capone, the larger-than-life Brooklyn-born gangster, also known as “Scarface”, was named Public Enemy No. 1 after the 1929 “Valentine’s Day Massacre” of seven members of the gang of rival smuggler Bugs Moran.
Capone was later convicted of tax evasion in 1934 and spent 11 years in Alcatraz Federal Prison before dying in Florida in 1947 at the age of 48, where he and his Chicago Outfit staff are believed to have planned the 1929 murders.
With postal wires