Billy the Kid portrait sells for $2.3 million

One-of-a-kind portrait of Billy the Kid was expected to fetch $300,000 to $400,000 at auction. Billy the Kid photo image had been owned by the same family for generations.

By , Associated Press

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    Potential bidder Mike Jensen peers closely at the only authenticated photograph, the famous Upham tintype, of Billy the Kid (aka William Bonney and William Henry McCarty) up for auction at Brian Lebel's 22nd Annual Old West Show & Auction in Denver June 25, 2011. The 130-year-old tintype photograph is considered the most recognizable photo of Billy the Kid in existence and sold for $2.3 million.
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DENVER – What is believed to be the only surviving authenticated portrait of Billy the Kid went up for auction in Denver on Saturday and sold for $2.3 million.

The tintype on Saturday evening went to private collector William Koch at Brian Lebel's 22nd Annual Old West Show & Auction, where auction spokeswoman Melissa McCracken said the image of the 19th-century Wild West outlaw was the most expensive piece ever sold at the event.

A 15 percent fee was added to the bidding price, making the selling price more than $2.6 million. Organizers had expected it could fetch between $300,000 and $400,000.

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The tintype is believed to have been taken in 1879 or 1880 in Fort Sumner, New Mexico. It shows the outlaw dressed in a rumpled hat and layers of clothes, including a bulky sweater. He's standing with one hand resting on a Winchester carbine on his right side and a Colt revolver holstered on his left side.

Tintypes were an early form of photography that used metal plates. They are reverse images, and the Billythe Kid tintype led to the mistaken belief that Billy the Kid was a lefty. The myth inspired the 1958 movie "The Left Handed Gun", starring Paul Newman as Billy.

Billy the Kid gave the image to a friend, Dan Dedrick, and the tintype has been owned by his descendants, the Upham family, ever since. It has only been publicly displayed during the 1980s at a museum in Lincoln County, New Mexico, where Billy the Kid became a legendary gunman in the 1870s. Billy the Kid was shot dead by Sheriff Pat Garrett in 1881 and buried in Fort Sumner, New Mexico.

McCracken said it's recognizable around the world as a classic image of the Old West.

"There's only one photo of Billy the Kid, and I think that's why it captivates people's imagination," she said before Saturday's auction.

The tintype was auctioned off along with more than 400 other Western-themed items, including documents from Buffalo Bill's aborted divorce, Native American antiquities, and a painting from Andy Warhol's "Cowboys and Indians" series depicting a Navajo woman with a baby on her back.

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