Billy the Kid Photo Sells for $2.3 Million

| by Mark Berman Opposing Views

What was billed as the last remaining original photograph of Billy the Kid has been sold at auction for a stunning $2.3 million.

The photo is known as a "tintype," which was an early form of photography that used metal plates. It shows the notorious outlaw outside of a saloon in Fort Sumner, New Mexico in either 1879 or 1880.

He holds his 1873 Winchester carbine rifle in one hand, a Colt revolver in a holster on his hip.

A Florida businessman named William Koch won the bidding at Brian Lebel's 22nd Annual Old West Show & Auction in Colorado.

"I love the Old West," Koch said, according to the New York Daily News. "I plan on enjoying it and discreetly sharing it. I think I'll display it in a few small museums."

The photo has only been on public display during the 1980s at a Museum in New Mexico. Billy the Kidd reportedly gave the tintype to a friend, whose descendants have owned it ever since. 

Pre-auction estimates put its value at $400,000.

"When the bidding ended, the whole room erupted in clapping and people leapt to their feet," auction spokeswoman Melissa McCracken told CNN. "I've never experienced anything like this before."