[tabs]

In 1998 the WSJ ran a story about the investment quality of atique or collectable firearms being on a par with art, and the fact that his market segment was undervalued. After which the collectable arms trade has never looked back.

The event which prompted the WSJ article was the sale fo a Woodward SXS shotgun I believe in 28 GA or 410 Ga which was made for the President of Standard Oil Co in 1940. the price realized at Devines Auctions was $220,000.00. The shotgun was purchased by Michael Zomber a antique and collectable arms dealer who was located on Washington Blvd in Culver City, CA. Zomber apparently had no trouble selling the shotgun within a month or so of the auction. Zomber eventually fell afoul of the State Board of Equalization for not paying his sales taxes and was forced to leave CA. Later he again ran afoul of the authorities and has done some time with either the state or federal authorities.