How much would you pay for a pistol handled in the late 1890s by the outlaw famously played on film by Paul Newman?

A rep tells FishbowlLA that the price expected to be fetched this weekend for Butch Cassidy’s Colt .45 will be between $150,000 and $250,000. The auction is being held Sunday September 30 at California Auctioneers, just off Highway 33 in Ventura.

For LA aficionados of Westerns and-or Americana, this might be the perfect weekend outing, even if the drive to Ojai is for the purposes of only eavesdropping on the bidding. By sheer coincidence, on the same day in New Hampshire, a pair of guns once fired by Bonnie and Clyde will be similarly auctioned off.

Update – 10/04/12: A rep tells FishbowlLA the revolver went for $175,000, via a bidder outside the U.S.