Next to the North American Arms 100 made, the Singer is the second rarest 1911 style pistol made with 500 of them. It is the rarest 1911A1 ever made so to collectors that have plenty of money the price is peanuts. To me it is not worth that kind of money as I cannot shoot it without loosing value. Only one bidder so far but by the end of the auction I would not be surprised to see others bidding.