Jack Ruby’s .38-caliber Colt Cobra would be unremarkable except for two things — it made history and it has had astonishing resale value.
The gun purchased in 1960 for $62.50 by the Dallas nightclub owner, who used it three years later to kill presidential assassin Lee Harvey Oswald, will be auctioned in Las Vegas later this month.
Its owner, Florida real estate developer Anthony Pugliese III, declined to divulge his minimum auction price, other than to say it is more than $1 million.
Mr. Pugliese, who bought the gun for $220,000 in 1991, is happy to talk about almost everything else.
“It’s a matter of passion,” he said, explaining why he is selling the weapon. “If I do something, it’s a matter of passion, and now I have a new passion.”