Billy the Kid photo sold for $2.3 million at Old West auction in Denver

By on Jun 26, 2011 in Amazing, Lifestyle, United States Comments

A Billy the Kid photo, known to be around 130 years old was reportedly sold in a Denver auction for $2.3 million on Saturday, June 25, 2011.

Billy the Kid photo (scanned image)
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As noted at international news sites on Sunday, the Billy the Kid photo, dubbed as the only authenticated picture of the legendary outlaw, went into bidding on Saturday night.

The Billy the Kid photo was sold for $2.3 million during the 22nd Annual Old West Show & Auction, held in Denver, in which it was estimated to bring between $300,000 and $400,000.

Nevertheless, auction spokeswoman Melissa McCracken said that there were initially five bidders and the bid rose to million dollars in just 2 minutes.

According to Old West Auction’s Brian Lebel, the Billy the Kid photo has been called the “Holy Grail” and probably the most important historical photo of one of the most infamous people in the world.

“When the bidding ended, the whole room erupted in clapping and people leapt to their feet. I’ve never experienced anything like this before,” McCracken was quoted as saying.

As reported at Denver Post, the winning bidder was billionaire William Koch, who founded Oxbow Carbon and now lives in Palm Beach, Florida.

“I love the Old West; I plan on enjoying it and discreetly sharing it. I think I’ll display it in a few small museums.” Koch was quoted on the report.

Meanwhile, noted historian and collector Bob McCubbin said on the Old West Auction website that the photo is only one of the four tintype photos of Billy the Kid.

Apparently, Billy the Kid gave the photo to his friend Dan Dedrick, whose family had kept it for the last century and was only shown in public once at the Lincoln County Museum in New Mexico.

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