Biggest Gun Auction Ever Grosses $18 Million

Joe Grine hasn’t been the only shooter with a hankerin’ for a 1911-patterned .22 rimfire lately, as this engraved Colt Ace proves in spades. On March 13th it sold for a mind-blowing $103,500, at a superheated firearms auction held by the James D. Julia auction house.

Why Is Ammo So Expensive? Ask Uncle Sam

You’d think at a time of 10 percent unemployment, rising taxes, out-of-control government spending, and deficit spending out the wazoo, you’d think that Uncle Sam would jump at the chance to save a buck or two, by selling off some stuff from their vast, overstocked warehouse. And you’d be wrong.