The Gun That Killed Billy The Kid Is Going Up For Auction. Starting Bid: $2 Million

A revolver that killed one of the most famous wanted men in the Wild West 140 years ago is slated to be offered for millions of dollars next month.

Prior to his killing, a judge is said to have sentenced famed outlaw Billy the Kid to hang until "you are dead, dead, dead." Billy was rumored to respond, "And you can go to hell, hell, hell."

Legends like these — some facts and others fiction — chronicling the Kid's life have persisted more than 100 years after his death. And they've kept history buffs captivated by Billy the Kid's tale. They have also driven interest in pieces of Wild West history, for which collectors are prepared to pay hefty prices. In 2008, for instance, Bonham sold Billy's gun for $64,350.

Billy the Kid, a gunslinger often said to have killed eight men, had been on the run for three months when Sheriff Pat Garrett hid in a dark bedroom and shot him in the chest on July 14, 1881, in Fort Sumner, N.M., according to Garrett's account. The single action revolver Garrett used will be offered at Bonhams auction house, which estimates it could go for $2 million to $3 million. Garrett had taken the gun from another member of the Kid's gang, Billy Wilson, after he arrested him.

"It was in the hands of both the law man and the outlaw at various times," Bonhams senior specialist Catherine Williamson told NPR.

As one of the era's most notorious figures, the legend's life has frequently been dramatized in American popular culture. Williamson called his story "one of the greatest good versus evil stories of the Old West." A 21-year-old when he died, Henry McCarty, who became known as Billy the Kid, has been depicted as both villain and hero in countless songs, films and books.

The Authentic Life and Death of Billy the Kid, a biography and partly first-hand account written by Garrett, has been criticized for embellishing the truth but is generally acknowledged to be factual.

"[Billy is] sort of this charismatic and funny character that you kind of like to see — a trickster getting one over on the law," Williamson explained. "That kind of character is really compelling to people."

Most retold was his unexpected bond with Garrett — they were ranch hands that shared a friendship before the months-long pursuit, according to Williamson. Even now, the details surrounding Billy's death remain elusive. Some speculate that Garrett never actually killed Billy, but allowed him to escape. Decades later, at least two men were believed by some to be Billy.

On August 27, Bonhams will auction off the gun in Los Angeles, part of Texas couple Jim and Theresa Earle's collection of Western firearms amassed over 50 years.

Williamson predicts that the weapon will be sold to an avid collector for even more than $3 million.

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