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Jun 22, 2011 11:04 AM by Lauren Wilson & AP

Al Capone's handgun sells for $110,000 at auction

LONDON (AP) - A handgun once owned by gangster Al Capone has sold for almost $110,000 at an auction in London.
Auctioneer Christie's says the Colt .38 revolver went for 67,250 pounds ($109,080) to an anonymous bidder in the room.
The auction house says the gun was manufactured in 1929, the year of the St. Valentine's Day Massacre, when seven people were slain during clashes in Chicago between Capone's gang and a rival mob.
It was sold along with a letter from Madeleine Capone Morichetti, the widow of Al Capone's brother Ralph, confirming the gun "previously belonged to and was only used by Al Capone while he was alive."
The sale price was at the upper end of the pre-sale estimate of between 50,000 pounds and 70,000 pounds. It includes a buyer's premium.

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